The annual SIA Healthcare Staffing Summit hosted its 17th year, bringing in leaders from varying positions in the healthcare staffing industry. Industry leaders headed to Las Vegas from November 6th to 8th to hear about this year's top healthcare insights. This years theme: Achieving Growth in a Shifting Landscape, aimed to drive growth, learning and discussion on healthcare and best practices.
SIA Healthcare Staffing Summit 2019 Recap
As the healthcare landscape changes and evolves, the topics and strategies of leaders in healthcare staffing follow suit. This years speakers, interactive sessions, networking and thought leadership discussions focused on educating and sparking discussion among experts and leaders, honing in on new and continued opportunities in nursing, locum tenens and allied health categories, as well as other segments.
The SIA Healthcare Staffing Summit covered a variety of topics, but the three main trends for healthcare staffing that stood out were: the growing need for nurse practitioners and physician assistants, technology upgrades in healthcare staffing, and the increased number of vendor management systems (VMS) and managed service providers (MSPs) contracts.
A need for more nurses and PA's
Several 2019 SIA Healthcare Staffing Summit attendees anticipate an increase in nurse practitioner jobs and physician assistant jobs. One point that stood out was that younger job seekers may utilize this opportunity as a way to save money and avoid the high cost of attending medical school. Currently, 21 states are allowing nurse practitioners to diagnose patients and prescribe treatment without full supervision of physicians. In an article from Nurse.org, "Many facilities employ nurse practitioners in settings where they will assess, diagnose, treat, prescribe, and get paid a smaller salary than a doctor would for performing those same tasks."
More tech in healthcare staffing
Tech training is becoming a necessity as hospitals continue to integrate new technology systems and upgrades. One of the biggest challenges is that the healthcare market has several different types of tech, from patient portals, health information management systems, EHR/EMR systems and more, so it's difficult to know which types of technologies healthcare workers need training in. Currently, technology platforms are in development for clinicians and clients to utilize "self-service" job seeking and staff seeking.
MSP and VMS contracts increase
Hospitals have increased the use of MSPs and VMS and this will continue to grow through 2020. Because of the ongoing staffing shortage, hospitals feel these are a worthy investment. Healthcare staffing companies will need to keep a finger on the pulse of which facilities are using VMS/MSPs and consider working with an MSP as a workaround to these longer contracts, or at least be aware of which facilities are not using VMS/MSPs, as they will be more likely to use healthcare staffing services.
Misc stats from the 2019 SIA Healthcare Summit:
• Healthcare staffing revenue is predicted to grow by 4 percent in the next two years.
• Nursing shortages are expected to be the highest in California, Texas, New Jersey and South Carolina.
• Home health aides is the fastest-growing healthcare position, increasing by 38 percent.
• By 2020, healthcare staffing revenue will reach $18.1 billion.
• By 2027, the U.S. healthcare spend will reach 19.4 percent of GDP.
• By 2028, the U.S. will add 3.4 million new healthcare jobs.
• By 2030, the need for nurses will be at 3.6 million.
Next year, the 2020 SIA Healthcare Staffing Summit is expected to take place in Houston.