🩺 Health Skills #24

Methodist Le Bonheur Healthcare is implementing a restructuring plan that results in the layoff of 161 employees and consolidates services. British Columbia's new licensing bylaw and accompanying advertising campaign have successfully attracted thousands of healthcare professionals from the United States. The World Health Organization (WHO) commends the European Junior Doctors' recently adopted policy aimed at optimizing Europe's health workforce.

Lorient Capital successfully closed an oversubscribed healthcare fund, raising $500M for investment in founder-led companies. Plum, an Indian insurtech company, plans to invest $25M to expand into a comprehensive healthcare platform. TAFE NSW Orange received $635,000 to support industry-ready upgrades to its nursing training facilities.

Thanks for reading!

Not a subscriber yet?

Healthcare Labor Market Trends

⭕ Memphis-based Methodist Le Bonheur Healthcare will cut 161 jobs as part of a restructuring. The system is laying off about 1% of its workforce and consolidating its labor and delivery services. 

🧑‍⚕️ The B.C. government says its recruitment campaign is successfully attracting US doctors. British Columbia's new bylaw makes it easier for US doctors to get licensed, leading to 29 applications. A $5M ad campaign drew over 2,000 interested American health professionals.

⚕️ WHO welcomes European Junior Doctors’ new policy on health workforce optimization. The WHO welcomes a new European Junior Doctors' policy on workforce optimization. It aims to improve healthcare by ensuring the right number of skilled professionals are in the right places.

Admissions Dropped From 122 to 95

💡 This trend reflects a crucial shift towards cost-effective outpatient care, reducing the overall financial burden on the healthcare system and insurers by avoiding expensive hospital stays.

🧱 Rising hospital costs and reduced public funding force patients to pay more out-of-pocket, especially without insurance, deepening healthcare inequality. Escalating hospital expenditures and diminishing public funding necessitate increased out-of-pocket contributions from patients, particularly in the absence of insurance coverage, thereby exacerbating healthcare disparities.

🔬 Medical and technological innovation, like minimally invasive surgery, enables faster recovery. This allows complex procedures to shift from expensive inpatient settings to more efficient specialized outpatient centers.

🧬 This signals changing consumer preferences for less disruptive treatments. It drives investment and market growth in specialized clinics and home healthcare services, creating new economic opportunities.

Upskilling/ Reskilling Initiatives

💵 Lorient Capital Raises $500M to Boost Healthcare Workforce and Innovation. The fund will support founder-led healthcare companies that improve clinical outcomes, enhance workforce efficiency, and increase access to care. Lorient’s investments focus on post-acute care, behavioral health, and tech-enabled services, supporting healthcare upskilling and system performance. 

💉 Plum invests $25M to expand preventive healthcare for India’s workforce. InsurTech Plum will allocate $25M to grow its healthcare division, providing AI-driven screenings and personalized treatments. This initiative includes a fivefold increase in team size and builds on over 100,000 telehealth consultations, supporting 600,000 members across 6,000 companies. 

🏥 TAFE NSW Orange receives $635,000 for industry-ready upgrades. The government invested $635,000 in TAFE NSW Orange to upgrade its nursing training facilities. The funds will create a simulated hospital environment, ensuring students graduate with industry-ready skills.

Like getting this newsletter? Request a demo for unlimited access to over one million charts

Thank you for reading. Have a great week ahead!
Have some feedback or suggestions? Let us know at hello@holoniq.com