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Industry Landscape
The U.S. healthcare staffing industry is experiencing significant growth driven by persistent talent shortages, an aging population, and increased demand for healthcare services. Flexibility in staffing, including locum tenens and travel nursing, is crucial for facilities. Regulatory changes and technological advancements continue to shape the market, with a focus on specialized roles and quality assurance.
Total Assets Under Management (AUM)
US Healthcare Staffing Market Size in United States
~Approximately 44.2 billion USD (2023)
(6.5% CAGR)
- Driven by rising healthcare demand.
- Shortage of nurses and physicians.
- Increased adoption of temporary staffing models.
Total Addressable Market
Over 44 billion
Market Growth Stage
Pace of Market Growth
Emerging Technologies
AI-Powered Talent Matching
Utilizing artificial intelligence and machine learning algorithms to precisely match healthcare professionals with facility needs, optimizing placement efficiency and candidate suitability.
Blockchain for Credentialing
Implementing blockchain technology to create secure, immutable, and verifiable records of healthcare professional credentials, licenses, and certifications, streamlining vetting processes.
Telehealth Integration
Integrating telehealth platforms and services into staffing models to provide remote care solutions and expand the scope of practice for placed professionals, addressing geographic barriers.
Impactful Policy Frameworks
No Surprises Act (2022)
The No Surprises Act, effective January 1, 2022, protects patients from surprise medical bills for emergency services and certain non-emergency services provided by out-of-network providers at in-network facilities.
This policy indirectly impacts healthcare staffing by emphasizing transparency in billing and potentially influencing facility staffing strategies to ensure more in-network coverage, affecting demand for locum tenens or temporary staff.
Interstate Medical Licensure Compact (IMLC) Expansion (Ongoing)
The IMLC streamlines the process for physicians to become licensed in multiple states, making it easier for them to practice across state lines without obtaining separate full licenses in each jurisdiction.
The ongoing expansion of the IMLC directly benefits Elite365 by reducing licensing barriers for locum tenens physicians, making it faster to place them in various states and increasing their flexibility.
National Council for State Boards of Nursing (NCSBN) Nurse Licensure Compact (NLC) Expansion (Ongoing)
The NLC allows nurses to have one multi-state license, providing the ability to practice in their home state and other compact states without obtaining additional licenses.
The expansion of the NLC significantly eases the placement of travel nurses and international nurses for Elite365, enabling quicker deployment across compact states and improving workforce mobility.
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