🩺 Health Skills #6
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, the aging population faces a geriatric care shortage, risking the healthcare system's overwhelm. Unemployment rises to 4.1%, job growth slows, and market concerns increase - MoHAP and WHO collaborate to strategize the future development of the healthcare workforce. Shapiro proposes a $5M program to tackle Pennsylvania's growing nursing shortage. NextNation connects Indian nurses to Germany, addressing shortages with relocation support. Iowa's Healthcare Credentialing Grant funds workforce training to address shortages.
Thanks for reading!
Not a subscriber yet?
Healthcare Labor Market Trends
⚕️ America's aging population faces a growing shortage of geriatric care. The US faces a critical shortage of geriatricians as the population aged 65 and older is projected to surpass 80 million by 2050, potentially hindering access to specialized elderly care.
💊 Unemployment Rate Rises Slightly to 4.1 Percent. The US economy added 151,000 jobs, slightly below expectations, causing the unemployment rate to rise to 4.1%. Declines in federal employment offset job gains in healthcare, finance, and transportation.
🚑 MoHAP brings together experts and specialists to discuss the future of the healthcare workforce. The UAE Ministry of Health and Prevention (MoHAP), in collaboration with the World Health Organization and Ras Al Khaimah Medical and Health Sciences University, organized a two-day workshop to develop a long-term national health workforce strategy. The event focused on addressing future healthcare challenges and enhancing workforce sustainability.
+15% of Nurses and Midwives in the UK
💵 The movement of nurses across UK borders highlights labor market flexibility, which can affect wage disparities and healthcare access.
📈 The number of nurses and midwives in the UK has steadily increased since 2018, reflecting ongoing workforce expansion.
🧑⚕️ Variations in nursing distribution are influenced by training availability, healthcare policies, recruitment levels, and demographic needs across UK nations.
Upskilling/ Reskilling Intiatives
🧑⚕️ Shapiro visits Temple Health to promote budget proposals to tackle the nurse shortage. To address Pennsylvania's nursing shortage, Governor Josh Shapiro proposes a $5M Nurse Shortage Assistance Program. The initiative offers tuition assistance to nursing students who commit to working in-state hospitals for at least three years after graduation, aiming to enhance nurse retention and expand the healthcare workforce.
🧑🎓 NextNation transforms global healthcare with Its nursing mobility program. NextNation's nursing mobility program connects skilled Indian nurses with German healthcare institutions to address Germany's projected shortage of over 500,000 healthcare workers by 2030. The program offers comprehensive support, including job placement, relocation assistance, and mentorship, boasting a 98% visa success rate.
💉 Iowa healthcare credentialing grant. The Iowa Healthcare Credentialing Grant provides $3M to support work-based learning programs, such as Registered Apprenticeships, that aim to address high-demand healthcare occupations and provide on-the-job training to upskill healthcare workers.
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
