New ZeroChaos Healthcare Industry Report Highlights Unprecedented Industry Growth, Advises Providers to Focus on Managing Talent, Procurement
May 23, 2017
Strategic workforce solutions are critical to managing growth, talent and operational efficiencies, according to new report
ORLANDO, Fla., May 23, 2017 - ZeroChaos, a global provider of workforce management solutions, today released the ZeroChaos Healthcare Industry Workforce Report, providing insights into the unprecedented growth of the healthcare industry and highlighting how healthcare providers can have an "early mover advantage" to manage talent and procurement.
As the fastest growing industry in the U.S., healthcare is facing a relentless pace of change. Industry consolidation, shifting demographics, consumerization, the growth of new service delivery options and technology advancements are reshaping healthcare and driving demand for talent. According to the ZeroChaos Healthcare Industry Workforce Report, "The U.S. Bureau of Labor Statistics (BLS) estimates that between 2014 and 2024, the healthcare industry will add approximately 2.3 million jobs, representing growth of 19 percent -- significantly faster than the average for all other occupations."
"Healthcare employment is thriving, creating complex challenges for talent leaders who face stiff competition," said Sean DeAvila, vice president of strategic solutions, ZeroChaos. "Technological innovations and the consumerization of the industry are driving new ways of working. And, with labor representing up to 60 percent of total operating costs, there are significant upsides to managing talent more strategically to create efficiencies and improved processes."
Industry growth and evolution, along with economic developments, are driving demand for specific skills and expertise in this market, including more technology savvy individuals – creating an increased imbalance between supply and demand for finding and hiring the right talent in today's candidate-driven market.
Added DeAvila, "Healthcare providers must take a fresh look at business models - examining every operational process and protocol to reduce costs without negatively impacting delivery. Methods of sourcing, engaging and managing talent – both among the employed and supplied workforce – will be critical to successfully managing through an agile and evolving industry."
To read more about ZeroChaos' perspective on the healthcare industry, download the full report.