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Is This a Good Time to Start a Medical Staffing Service?

The need for physicians, nurses and other healthcare related workers is at an all-time high. As our nation battles the coronavirus, along with an aging population, there is a nationwide demand for healthcare workers at hospitals, clinics, nursing homes, and assisted living facilities.

Ongoing staff shortages in healthcare are a real problem that makes providing patient-centered care a daunting task. The U.S. Bureau of Labor Statistics analysis indicates that employment in healthcare occupations is projected to grow 15 percent from 2019 to 2029, adding about 2.4 million new jobs.
Healthcare occupations are projected to add more jobs than any of the other occupational group. This projected growth is mainly due to an aging population, leading to greater demand for healthcare services.

Healthcare occupations with projected shortages by 2025

  • Home health aides
  • Nurses
  • Nursing assistants
  • Medical and clinical lab technologists
  • Medical and lab technicians
  • Nurse practitioners
  • Physicians and surgeons

Challenges of Starting a Medical Staffing Company

With the growing need for healthcare professionals, healthcare providers will depend on medical staffing firms to find both permanent and temporary employees for their facilities and businesses. Although demand will be high, the limited supply of professionals in this field will make finding candidates extremely challenging. In many cases filling positions will require enticing a candidate to move from a job they currently hold. This is not uncommon but requires recruiting strategies that incentivize these moves.

Medical Staffing Business and Insurance Requirements

Medical Staffing firms are required to be licensed in most states. They also have additional business insurance requirements to cover malpractice claims. These can vary by state. To learn more about the requirements needed to start a Medical Staffing business go to Starting a Medical Staffing Service.

For questions regarding insurance for Medical Staffing businesses, please contact us at https://simplesure.com/contact-us or

Simplesure Business Insurance
1048 B Sagamore Pkwy W #9
West Lafayette, IN 47906
(765) 449-7500