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Learn MoreThe start of a new year and a new decade is an appropriate time to assess the state of affairs in terms of U.S. healthcare and think about major trends that are changing our industry. Sometimes healthcare begins to change direction due to factors that are largely beyond anyones control, like the demographic shifts and increase in longevity that will impact every area of the care continuum.
The existing shortage of nurses and physicians will continue and become an even larger problem across many areas of healthcare. According to the Association of American Medical Colleges (AAMC), the United States will see a shortage of up to nearly 122,000 physicians by 2032 as demand for physicians continues to grow faster than supply. The high end of the number of doctors we could lack includes more than 55,000 primary care physicians, nearly 66,000 specialists, and more than 23,000 surgical specialists. Two factors are contributing to this problem—the U.S. "population is estimated to grow by more than 10% by 2032, with those over age 65 increasing by 48%. Additionally, the aging population will similarly affect the physician supply, since one-third of all currently active doctors will be older than 65 at some time during the next decade. When these physicians decide to retire could have the greatest impact on supply" (AAMC, 2019). Rural and inner-city areas will feel the shortage most acutely, as those are places physicians are less likely to want to practice. It is probable that the industry will see states and hospitals going to great lengths to retain the doctors they have trained and hired. There are already examples of financial incentives, such as loan forgiveness and bonuses, being used in some areas to hold on to physicians.
A similar problem looms within the nursing profession. By 2025, according to the Georgetown University School of Nursing & Health Studies, “states on the east and west coasts will likely have nursing shortages, while states in the middle of the country will have a surplus of nurses” (Becker’s, 2017). Retaining new nurses is going to become even more important; the turnover rate for new nurses is 25% to as high as 60% during the first year and replacement costs can run as high as $60,000 per nurse. Even if more of them choose to stay, a workforce with lots of novice nurses has its own challenges—treating high-acuity patients requires confidence that may be in short supply and practice errors are more common during a nurse’s first six months on the floor.
This blog post is an excerpt from the longer HealthStream article, Trends That Will Shape the Next Decade in Healthcare. Focused on the people providing healthcare, HealthStream is committed to helping customers address and solve big problems in our industry. From hospitals to long-term care and across the care continuum, there are challenges stemming from demographic changes, governmental mandates, and the need for higher care quality. Download the webinar, Ten Healthcare Trends for 2020, where Robin Rose, Vice President, Healthcare Resources Group, HealthStream discusses this information in detail. HealthStream is dedicated to improving patient outcomes through the development of healthcare organizations' greatest asset: their people. Learn more about our healthcare workforce development solutions.
HealthStream’s learning management system and comprehensive suite of competency management tools empower your healthcare workforce to deliver the best patient care.
View All Learning & PerformanceHealthStream offers performance learning management solutions to help develop your healthcare staff into leaders and reduce turnover.
View All ProductsHealthStream works with healthcare organizations to create engaging and high-quality training videos for your staff and management.
View All ProductsImprove care quality and save money by making informed decisions about your healthcare facility and staff with HealthStream's reporting analytics solution.
View All ProductsHealthStream's proven methods for the improvement and overall engagement of your healthcare staff foster a positive workplace and increase retention rates.
View All ProductsThe leadership development program from HealthStream helps mold your high-potential healthcare employees into proven leaders.
View All ProductsWhen you enact HealthStream's quality compliance solutions, you can do so with the confidence your healthcare organization will meet all standards of care.
View All Quality & ComplianceFulfill compliance requirements with a variety of programs and courseware designed to address critical regulatory requirements as well as educate staff to recognize and mitigate risks.
View All ProductsBy increasing your healthcare staff's focus on quality and safety with HealthStream, they can help to reduce medical errors and readmission rates.
View All ProductsLearn about what HealthStream's healthcare policy management software and how it can help aid your organization efforts.
View All ProductsHealthStream's education helps address diversity, equity, and inclusion within your organization, as well as promoting health equity in the communities you serve.
View All ProductsHealthStream offers professional training and education on how to best optimize your reimbursement process within your healthcare organization.
View All ReimbursementTeach your healthcare staff about the revenue cycle and claim management through targeted training and video tools from HealthStream.
View All ProductsImprove the preparedness of your staff, increase survival rates, and cut costs with the advanced resuscitation training services from HealthStream.
View All ResuscitationNurture the skills of your nurses and medical staff to help mold them into effective leaders with development training from HealthStream.
View All ProductsIn all areas of resuscitation, from neonatal to elderly care, clinical deterioration is a risk that can be avoided with the help of HealthStream's training programs.
View All ProductsHealthStream's EMS Program offers a comprehensive, CAPCE accredited EMS course library that meets National Registry annual recertification.
View All ProductsExpand the decision-making skills and effectiveness of your healthcare workforce with HealthStream's clinical development programs and services.
View All Clinical DevelopmentMake sure your clinicians have the support they need to provide competent care with clinical competency training and development from HealthStream.
View All ProductsThe suite of healthcare onboarding solutions available from HealthStream aids in nurse retention and improved patient outcomes.
View All ProductsGive your healthcare staff the decision support and skills training they need with the online products available from HealthStream.
View All ProductsHealthStream's solutions allow your healthcare workforce to be confident and competent with the knowledge they are upholding the highest of standards.
View All ProductsHealthStream’s learning management system and comprehensive suite of competency management tools empower your healthcare workforce to deliver the best patient care.
View All ProductsDelivers everything you need to request, gather, and validate information about a provider to create a single source of truth for downstream processes.
View All CredentialingMake sure your healthcare staff can schedule out appointments and work schedules with ease using HealthStream's line of software solutions.
View All Scheduling & Capacity ManagementHealthcare scheduling software designed to optimize staffing requirements & elevate patient care
View All ProductsPrecisely align staffing and needed resources to enable efficient patient flow and high-quality, cost-effective patient care.
View All ProductsHealthStream’s free nurse schedule app, NurseGrid™, is built to help you care for your staff and engage with their specific needs.
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