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Infographic: How Baby Boomers Will Impact the Nursing Shortage

Health Insurance Companies Process 1 in 5 Claims Wrong

 

Shortage of Nurses

Every doctor needs a team of qualified staff to create an effective medical practice. From the front office to the clinic, skilled team members are an invaluable resource in keeping patients happy and revenue coming in. However, you may already be finding your practice shorthanded due to the growing nursing shortage.

In an infographic I came across from Maryville University, you’ll find a breakdown of all the stats that explain this alarming trend.

Today a whopping 120,000 nursing jobs remain unfilled. And that number is expected to rise as baby boomers, who make up a quarter of the U.S. population, reach retirement age. By 2029, the Census Bureau expects the number of retirement age Americans to rise by nearly 30 milliona 73% increase!

To meet the rising demand for healthcare services from this population, the Bureau of Labor estimates that more than a million nurses will be needed within the next few years. While the nursing shortage certainly isn’t a new problem, it’s quickly shaping into one of the biggest obstacles for medical practices in the 21st century.

Hiring nurses during a shortage

While these numbers can be hard to digest, the most obvious way that the growing nursing shortage will impact employers is that they will need to understand the needs of millennial nurses as they join the workforce. By satisfying the needs of these employees, medical practices have better odds of attracting qualified nurses and weathering this nursing shortage.

In the infographic below that I obtained from Maryville University, you can see how baby boomers are impacting the nursing shortage, along with what millennial nurses are looking for in today’s healthcare employers.

INFOGRAPHIC - How Baby Boomers Will Impact The Nursing Shortage

 

is a 20 year veteran of healthcare having managed medical practices. He advises medical practices, physicians and practice administrators on how to run their practice and manage their medical billing and revenue cycle management. Manny speaks, blogs and makes videos at www.CaptureBilling.com, a blog that is tops in the medical billing and coding field. READ MORE

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