Inside the $30 Billion Hospital Staffing SegmentJuly 23, 2019
As the health care industry continues to boom, the demand for medical staffing has increased tremendously.
Hospitals, nursing homes and other medical organizations are in dire need of nurses and other health care professionals, which has led to nursing being ranked among the top jobs to grow through 2026 by the Bureau of Labor Statistics.
The strength and growth of the medical staffing market has positioned BrightStar Care franchisees for sustainable potential growth.
No Signs of Stopping
With the aging Baby Boomer generation, the health care industry is booming.
The hospital staffing segment of the industry alone is expected to rise from $29.59 billion to $47.34 billion from 2019 to 2026.
There are two main driving forces behind the growth, the rapidly rising geriatric population and the subsequent increased demand for nurses and health care professionals. With such a large volume of older patients in the coming decades, hospitals and other health care organizations are looking to increase their staffing levels.
Dr. Peter Buerhaus and his team from the Journal of Nursing Regulation project that one million RNs will retire by 2030, leaving a hole in a much-needed occupation.
At BrightStar Care, we strive to fill this medical staffing need.
Opportunity for BrightStar Care Franchisees
In addition to our home health care services, BrightStar Care provides personnel to a variety of organizations in need of health care professionals.
Some of the personnel we staff for other health care providers are RNs, LPNs, CNAs, case managers, medical social workers, physician assistants, nurse aides, therapists and phlebotomists. With our wide array of diverse, skilled and caring health care workers, BrightStar Care is able to fill numerous types of medical staffing needs.
Each of our employees, from our nurses and caregivers to our office staff, pass in-depth screening, license verification (where applicable) and background checks, all while continuing their on-going training.
The level of quality assurance and wide range of talent we help place, benefits BrightStar Care franchisees. While caregivers are able to find supplemental sources of income and the medical organizations ensure there aren’t gaps in managing their patients’ care, staffing also offers an additional revenue stream for our franchisees. Multiple revenue streams help BrightStar Care franchisees diversify their income, helping to minimize risk as a business owner.
Are you interested in owning a business in the booming health care industry? Learn more about the multiple revenue streams available to BrightStar Care franchise owners by downloading your free franchise review today.