🩺 Health Skills #3
HolonIQ is tracking reskilling and upskilling efforts essential for a rapidly evolving health sector. As medical innovation, digital transformation, and shifting demographics reshape the industry, workforce development is key to enhancing skills, improving efficiency, and ensuring quality care.
This week in the Healthcare Labor Market Trends, NaturalX Health Ventures launched a $104M fund for digital health driving healthcare transformation from reactive sick care to proactive health management. The Department of Veteran Affairs terminated over 1,000 probationary healthcare employees in the US. A Bendigo healthcare accommodation complex was sold for over $35M as a part of an essential worker housing investment.
In healthcare upskilling and reskilling initiatives, the NHS is set to deliver over 2 million extra appointments to improve the National Health Service in the UK. India is planning to send 100,000 skilled workers abroad annually through the National Skill Development Corporation (NSDC) plan aiming to tap into global job markets. Ramsey Middle School students gain early healthcare career exposure through hands-on training, learning essential medical skills and career opportunities firsthand.
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Healthcare Labor Market Trends
⚕️ NaturalX Health Ventures launches $104M Fund for digital health. NaturalX Health Ventures, a new European venture capital firm, announced the launch of a $104M fund to invest in digital health companies driving healthcare transformation from reactive sick care to proactive health management. The fund will focus on early and growth-stage companies developing innovative solutions in areas like preventive health, remote patient monitoring, digital therapeutics, and data-driven healthcare.
💊 The Department of Veteran Affairs, terminated over 1,000 probationary healthcare employees. The department, which employs 21% of the federal workforce, was significantly impacted by these cuts as part of the Trump administration’s downsizing efforts.
🚑 A Bendigo healthcare accommodation complex sold for over $35M. This complex is vital for accommodating junior doctors, secondees, and overseas-trained medical staff at Bendigo Hospital Australia and also reflects the rising demand for essential worker housing investment.
Elderly Care Facility Employment Faces the Largest Decline
💵 Health employment mostly recovered but remains below projected pre-pandemic levels, with lingering effects slowing workforce expansion in healthcare facilities.
😷 Home health services grew from 1.54 million in 2020 to 1.71 million in 2024 but fell short of the projected 1.77 million.
📈 Skilled nursing facilities, declining since before 2020, employed 1.46 million in 2024—3.9% below the expected 1.52 million.
Upskilling/ Reskilling Intiatives
🧑⚕️ NHS delivers over 2 million extra appointments. The UK government provided $55.7M in funding to NHS trusts, allowing them to deliver over two million additional appointments for services like chemotherapy, radiotherapy, endoscopy, and diagnostic tests, seven months ahead of schedule as part of efforts to improve the National Health Service.
🧑🎓 India is set to send 100,000 skilled workers abroad annually. This initiative will focus on sectors such as healthcare, construction, and IT aiming to tap into global job markets, offering better employment opportunities while addressing workforce shortages under the National Skill Development Corporation (NSDC) plan.
💉 Ramsey Middle School students get hands-on health career training. Ramsey Middle School's "health explore pathway" program utilizes hands-on training and mock clinics to prepare students for healthcare careers.
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