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Starting a Medical Staffing Service

Starting a Medical Staffing Service

Healthcare occupations are projected to add more jobs than any other occupational group between 2019 - 2029. This growth is due primarily to an aging population that has an ever-increasing need 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 Insurance Requirements

Most states will require a license to operate a healthcare agency along with additional insurance coverage. Medical Staffing agencies face unique liability issues that require customized insurance in a high-turnover, short-term-notice industry. This includes the purchase of a required amount of malpractice and liability insurance.

State & Local Business Licensing Requirements

Certain state permits and licenses may be needed to operate a staffing agency. Learn more about licensing requirements in your state by visiting SBA’s reference to state licenses and permits. Failure to acquire necessary permits and licenses can result in hefty fines, or even cause your business to be shut down.

Simplesure Insurance Can Assist In Finding the Right Insurance Coverage

With each state’s insurance requirements being different, it is important to get the right insurance coverage for your medical staffing firm. Simplesure Insurance has helped many entrepreneurs begin their own staffing companies, including those specializing in medical staffing. Let us help navigate the various choices available when choosing business insurance in this industry.

Simplesure Insurance will put together a comprehensive insurance plan tailored to your medical staffing needs for nurses, LPNs, physical therapists, medical technicians, nurse practitioners, physician assistants and physicians.

This includes these eligible classes:

  • Medical staffing
  • Contract Staffing
  • Recruiting and Permanent Placement
  • Outplacement and Outsourcing, Training, and Human Resource Consulting
  • Professional Staff provided in the hospital, clinic, doctor’s office, nursing home and assisted living setting
  • Nurses, LPNs, physical therapists, medical technicians
  • Start ups

In addition to medical liability insurance, Simplesure Insurance provides professional and general liability insurance, non-owned auto insurance, commercial auto fleet, property, cyber liability, directors and officers, and workers’ comp.

Our workers compensation insurance offers first dollar coverage, small deductible and large deductible options. Both single and multi-state operations are eligible. Simplesure Insurance is licensed nationwide.

For Additional Information

For a quote for more information please go to Contact Us.

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