Healthcare Workforce Demand Will Outpace Supply By 2025 | Mercer US

US Healthcare Workforce Demand Will Outpace Supply By 2025: An Analysis of the US Healthcare Labor Market

What Do You Need To Know About Your Healthcare Workforce For The Future?

The healthcare industry is changing. New technologies are transforming how healthcare is delivered. New competition is changing where healthcare is delivered. And new reimbursement models are changing how healthcare is paid for and how healthcare systems manage costs.

These changes, combined with demographic trends and regulatory uncertainties, are transforming the future of the healthcare workforce.  For executives at hospitals and healthcare systems, it’s important to know exactly how these changes will impact their business.  

To help healthcare providers better understand the true implications of a changing healthcare workforce, we analyzed the potential gaps in projected supply and demand of critical healthcare talent through 2025.

Our analysis uncovered surprising details about the future of US healthcare labor market – at national, state and county levels – that healthcare systems and hospitals need to consider as they plan their workforce for the future. 

Understanding Your Future Healthcare Workforce
Explore this interactive map for a view into future workforce risks for 6 key occupations by state.

Higher Workforce Demand for Healthcare Support Occupations

Healthcare jobs will be among the fastest growing in the United States through 2026, accounting for about 2.3 million new jobs according to projections released by the Bureau of Labor Statistics (BLS). However, our analysis shows that, in many states, the projected supply of healthcare workers will be unable to fill demand.

How Saint Luke’s Health System Reduced Millennial Turnover
Quick quits and high employee turnover were costing St. Luke’s millions of dollars per year. Here’s how we helped.

 

By 2025, the US will likely face a shortage of…

446,300

95,000

98,700

29,400

Home Health
Aides

Nursing
Assistants

Medical & Lab Technologists and Technicians

Nurse
Practitioners

Source: Mercer’s US Healthcare External Labor Market Analysis.

Though the national nursing shortage grabs press headlines, our analysis shows that there is potentially greater risk in the lack of available talent to fill demand for healthcare support roles. In particular, healthcare providers might face difficulty in filling roles for home health aides, which faces a potential workforce gap of about 446,300 workers by 2025.

Don’t Wait Until 2025 to Prepare: Start Planning for The Future of Work Now

Read this report to better understand your exposure to risks due to future healthcare workforce shortages, and learn three key actions you can take now to start building your healthcare workforce for the future.

In this report, you will:

  • Understand the key trends leading to higher demand for healthcare workers, in particular home health aides, medical technologists and technicians and nurses
  • Get a detailed view of workforce supply and demand projections by state to identify specific labor risks facing your local market and potential opportunities for new recruitment grounds
  • Takeaway three actions to consider when building the future-ready workforce you need to deliver quality patient care

Download the full report
For more insight from our future-focused analysis of the US healthcare labor market, complete the form below to receive the full report.

Take the First Steps Toward Building Your Workforce for the Future