Healthcare Staffing Report: Oct. 1, 2015

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US healthcare staffing market forecast revised

According to Staffing Industry Analysts’ recently released US Staffing Industry Forecast, US temporary healthcare staffing revenue is projected to grow by an upwardly revised 17% in 2015, driven by double-digit growth in each healthcare staffing sub-segment: Travel nursing, per diem nursing, locum tenens and allied health. Travel nursing is projected to be the fastest growing segment, with revenue growth of 23% in 2015.

Along with a generally improving economy, the growth in healthcare staffing revenue can largely be attributed to an increase in the number of newly insured due to the Affordable Care Act, which has increased demand for healthcare services while simultaneously decreasing hospitals’ bad debt expense (as more insured means less uninsured admissions).

As shown in the following table, the US Congressional Budget Office projects an additional six million non-elderly Americans will gain access to insurance in 2016 as a result of ACA, which should help make next year another strong one for healthcare staffing.

Projected change in insured (US residents younger than 65):

Corporate members of Staffing Industry Analysts can access the full report along with historical market size and growth estimates for each staffing segment through 2016.