U.S. Healthcare Staffing Industry ESG Thematic Report, 2023

Environmental, Social and Governance (ESG) in U.S. Healthcare Staffing Industry

The consolidation of Environmental, Social, and Governance (ESG) within the investment and decision-making processes contributes to responsible investing. Majority of companies which fall under US Healthcare Staffing segment, doesn’t significantly focus on ESG data or sustainability strategies.

Few leading companies in the U.S. Healthcare staffing industry have been addressing ESG or sustainability data and their strategies. During the pandemic phase, healthcare staffs were severely outnumbered and various Travel or per diem health care marketing companies came to place. Compared to other countries, U.S. health care staff are paid very high, especially Travel nurses, locum tenens were paid very high with flexible working hours. Along with these considerations, these medical professionals could travel, witness various newer innovation in medical field which also enhances career opportunities and growth. In terms of Training and development, this segment has been witnessing significant improvement due to pandemic as well as innovations in medical science.

The companies which are on the limelight have been providing their service during peak pandemic times and have been providing job opportunities to a lot of healthcare staffs.

ESG Trends

The main trend that has been focused is on social aspect, starting with wages, U.S. market for medical professional in generally paid (SDG 8: Decent Work and Economic Growth) very high compared to other countries. Along with pay scale, flexible working hours have been a critical factor in US in comparison with others, with adequate rest breaks, job rotation and work life balance policy (SDG8: Decent Work and Economic Growth). In terms of exposure, training and development medical professionals get hand in experience with current and growing technologies like 3d printing of vital organs and body parts, robotic surgeries, stem cell therapies etc. (SDG 9: Industry, Innovation, and Infrastructure).

This segment also provides internship, apprenticeship as projects (SDG 4: Quality Education) to students who are future promise for health care sector as they also get in hand exposure with new technology and information. Most importantly, this segment contributes and ensures to better health and living for people (SDG 3. Good Health and wellbeing). Along with that, considering gender Equality (SDG 5), there hasn’t been a downfall in proportion of women employees in healthcare segment. In fact, most of these companies are in accordance with International Labor Organization on fundamental principles and have structured their operations in accordance with UNGC principles. 

ESG Challenges

ESG or sustainability hasn’t been an agenda for this specific segment, nevertheless a lot of social impact or concerns have been found. Even though medical professionals are in need at the time, travelling abroad and visa rejections are very high in countries especially USA.  With governments increasing their preference of placing medical professionals from the native land, it has been creating concern for personnel who want to pursue career abroad. This impacts equal opportunities (SDG 10 Reduced Inequalities) to all when considering national boundaries. As per the U.S. Citizenship and Immigration services for Health Care worker’s series of competence certificates, equivalency certificates, approval from Department of labor, approval from employer as per form I-140, Immigrant Petition for alien worker, and a lot of legal formalities are required for successful immigration. Educating and training healthcare staff based on these formalities, helping them throughout the procedures have been quite challenging.

Growth of U.S. Healthcare Staffing Market

U.S. healthcare staffing market size has been valued at USD 24.1 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.6% from 2022 to 2030. Few of the factors responsible for the market growth are the increasing demand for temporary staffing for medical professionals due to the rising aging population and the lack of skilled nursing staff across US. In the present scenario, health professionals have been preferring abroad market for better lifestyle and pay scale, hence staffing market is currently in high demand, even due to the economic situation of various countries.

Key Companies in this theme

    • Envision Healthcare Corporation

    • AMN Healthcare

    • CHG Management, Inc.

    • Maxim Healthcare Group

    • Cross Country Healthcare, Inc.

Scope of the U.S. Healthcare Staffing Industry ESG Thematic Report

    • Macro-economic and ESG-variable analysis of the industry, including regulatory, policy, and innovation landscape

    • Key insights on infrastructure developments and ESG issues affecting the theme

    • Identify key initiatives and challenges within the industry

    • Identify ESG leaders within the industry

    • Understand key initiatives and the impact of companies within the sector to fuel an informed decision-making process

    • Analysis of industry activities based on multi-media sources, including significant controversies and market sentiment

Key Benefits of the U.S. Healthcare Staffing Industry ESG Thematic Report

    • Developing a comprehensive understanding of macro-economic, Policies & Regulations and innovations affecting the US Healthcare Staffing space, globally

    • Key insights into environmental developments and ESG issues affecting the theme

    • Identifying ESG risks and opportunities to business among leading players in the market

    • Obtaining a clear and relevant understanding of company actions, progress, and impact and find opportunities for investment into the sector