Article Abstract:
The statistical figure on the number of required healthcare workers estimated by the Bureau of Labor Statistics is estimated to be around 2.2 million as replacements and 3.1 million for new positions by the end of 2010. Even in the case of nurses, the Department of Health and Human Services estimates that the shortage would touch one million by the end of 2020. Currently the shortage of nurses is most severe in the urban markets and it is contributing to mid-single-digit wage inflation at most hospitals. The hospital industry is taking up required steps to curb the shortage issue.
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Article Abstract:
Economic issues concerned with the healthcare industry such as the operation costs, supply costs, are on an upward swing. Medical liability issues concerning with insurance malpractice, increase in the number of insurance claims, the shortage of medical staff, influence of information technology in improving the quality of services and making these services efficient, and the dependency of payment to hospitals on quality service, as introduced by the Centers for Medicare and Medicaid Services (CMS), are also discussed.
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Article Abstract:
The Bureau of Labor statistics figures that 5.3 million additional healthcare workers would be needed by 2010. The nursing shortage was most severe in more highly skilled specialties and in urban markets.
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