Keckley Report October 11, 2021
As healthcare leaders and Boards consider strategies for post-pandemic growth and sustainability, four environmental issues pose unprecedented challenges:
1. Workforce Shortages
The healthcare industry’s labor shortage is not simply the result of the pandemic nor unique. The U.S. labor market will be tighter as a result of 3 concurrent demographic trends:
Declining labor force participation: the rate has declined from 66.8 in September 2001 to 61.7 overall and 57.4 among working age women—key to the healthcare workforce.
Declining Birthrate:The U.S. birthrate has declined from 15.613 births per 1000 people in 1989 to 12.001 this year and is forecast to shrink to 11.103 over the next 3 decades.
Baby Boomer exodus: Since 2011, 2.0 million...
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