Nurse Shortage

The nursing sector of healthcare is estimated to be an $18-20 billion marketplace. Currently, the demand for nurses far outweighs the supply of available nurses. In the United States alone, the demand for nursing is exploding as the Baby Boom generation begins retiring. This demand is forecast to accelerate to the point that between 2012 and 2015, the U.S. will be short 1 million nurses for the first time in history.
Market trends indicate that the demand is significant because there is no substantial resource addressing the demand. Within the U.S., there are small, single-owner businesses working in the nursing field that exist specifically to address local or regional nursing issues. These businesses solve pieces of the overall problem. The Nurse Company™ adds a national and international perspective to solving the whole problem. Our plan is to become as ubiquitous to nursing as the ATM is to the banking industry. Growth potential reflects that of other technology predecessors—Amazon, Google, and SalesForce.com—that have been able to seize the reigns of other industries because of their innovations.


U.S. Nursing Shortage Statistics

The United States is in the midst of a nursing shortage that is expected to intensify as more than 70 million Baby Boomers reach retirement age. As the first wave of Baby Boomers begin retiring in 2008, the need for healthcare will grow considerably. Compounding the problem is the fact that nursing colleges and universities across the country are struggling to expand enrollment to meet the rising demand for nursing care.

Current and projected shortage indicators include the following:

• The American College of Healthcare Executives has reported that 72% of hospital CEO's were experiencing a nursing shortage at their facilities.
  
  
• According to a July 2002 report by the Health Resources and Services Administration entitled "Projected Supply, Demand, and Shortages of Registered Nurses: 2000-2020", thirty states had shortages of registered nurses (RNs) in the year 2000 and this shortage is projected to intensify over the next two decades.
  
  
• According to projections from the U.S. Bureau of Labor Statistics Monthly Labor Review, more than one million new and replacement nurses will be needed by 2012. For the first time, the U.S. Department of Labor has identified Registered Nursing as the top occupation in terms of job growth through the year 2012.
  
  
• In the American Hospital Association's June 2001 TrendWatch, it was shown that 126,000 nurses were needed now to fill vacancies at our nation's hospitals. Today, fully 75% of all hospital vacancies are for nurses. Hospitals represent only one sector of employment for nurses. There are approximately 6,000 U.S. based hospitals while there are over 55,000 places of employment for nurses in the United States.