Free Essay

Aging Work Force and Health Care

In:

Submitted By BaseBall11
Words 783
Pages 4
One of the largest industries to be facing a Human Resources issue is the Health Care industry. The downsizing of the healthcare workforce that will result as Baby Boomers retire is upwards of 28%. There is a growing need for qualified, non-generalized employees in the medical field. Coming with the need for employees for the medical positions will be a need for additional HR and IT personnel.
The Healthcare field is constantly changing, and HR in this field is projected to fall behind in the coming future. One of the biggest concerns for in future HR trends is that the Baby Boomers are leaving the workforce. This is not an issue by itself, but when paired with the lack of skilled workers joining the field, it is a problem. While on the surface, the problem will effect the staffing; the problem could be more wide reaching and affect the cost and availability of healthcare to the general public.
While this trend isn’t specific to healthcare, and all industries are facing challenges, issues arise when organizations, in particular those in the healthcare realm, have skilled senior people as opposed to generalists. Retaining experience is crucial and the current generation is not filling the positions vacated by aging Baby Boomers. These Boomers will soon stop putting into the Medicare and Social Security taxes, yet will begin to draw from them and that money is projected to run out in about 15 years. HR managers face the task of filling the open positions, and what seems to be the trend for this an increase in pay for skilled workers in the medical field. However, incoming employees are drawn by the salary, and go for the higher paying positions of RN and LPN, leaving major deficiencies in the CNA and CMA positions still understaffed.

Human Resources in the Health Care field are working opposite of many HR departments in other fields. While many businesses are looking to downsize employees to meet budgetary needs, the Medical field is rapidly hiring to fill the needs. As a result of the recent emphasis placed on recruiting and retention, it has become evident that there is a renewed focus on HR Management and the need for better technology to manage human resources. A case can be made that healthcare institutions have lagged in this area relative to other industries. In order for the health care industry to meet the needs of the health workers, the will also need more skilled IT and HR personnel.

The Health Care industry needs to change the way it does business. It is important that emphasis is placed on creating a more patient friendly way to bill customers.
HR will play a role in this, as they will be tasked with finding the employees needed to implement the changes. Healthcare is notorious for being behind in the IT department. It will be critical to implement changes regarding IT for billing and payment option.
Finding Qualified HR employees will be critical to finding qualified medical workers.

Core competencies are another area that needs focus from HR. Within the healthcare industry, the ability to measure competencies of employees is critical in predicting if the healthcare staff and other professionals are able to provide quality services and the highest level of Patient care. Where as goals and objectives describe what you want from the staff, competencies take into account the actual behavior and how you want given tasks to be accomplished. Competencies should be clearly defined, and used consistently.

Healthcare will continue to face challenges into the future. With the rapid decrease in current workers from the baby boomer generation, the lack of graduating skilled workers coming into the healthcare field, the poor IT in the health care field, the need for additional HR to work with requisitioning new workers. While working to requisition new employees the HR team will have to ensure that the new employees share the core competencies of the company. When hiring it is very important for the recruitment personnel to disclose the company's core competencies, if employees are made aware what is expected, it will be more likely to prevent unforeseen turnover.

Reference

Pizzi, R. (n.d.). Facing down the challenges of healthcare HR. Retrieved May 10, 2015, from http://www.healthcarefinancenews.com/news/facing-down-challenges-healthcare-hr

McNickle, M. (2012, February 17). 8 trends for a changing healthcare workforce. Retrieved May 10, 2015, from http://www.healthcareitnews.com/news/8-trends-changing-healthcare-workforce?single-page=true

Martel, Y. (2013, September 26). Why healthcare HR needs to champion effective talent management practices. Retrieved May 10, 2015, from http://www.halogensoftware.com/blog/why-healthcare-hr-needs-to-champion-effective-talent-management-practices

Similar Documents

Premium Essay

Old Age Crisis

...States began to enter the aging society; an aging population is now over 65 years that is 17.4% of the total population (McNicoll, 67). As the populaces grow older, an escalating share of the working force will be past the age 60 years. Older human resources have often been measured less productive than the younger population, raising the concern of whether the aged workforce will be as well a less prolific one. The American work force or personnel are growing older. As the baby boom cohort passes focal point age and approaching to retirement, a intensifying percentage of the working population will be older than age of 60 years. Process of population aging in China compared to the aging in U.S. population has the following characteristics: First, enter the old society for a long time; the U.S. list of countries into old age has lasted 70 years. Second, the slow development of an aging population in Western countries at the middle level. On the one hand due to higher fertility rates, 2005 U.S. total fertility rate was 2.0 , partly because the United States absorbs a large number of young immigrants , to some extent alleviated the U.S. population aging process. Third, large proportion of the elderly population is elderly. As the population increased life expectancy, the proportion of elderly population in the United States will continue to improve. In the aging population has been increasing in the process, the United States in response to population aging has...

Words: 1930 - Pages: 8

Premium Essay

Demographic Paper/ Aging Population

...Demographic Paper/Aging Population Aging Population The purpose of this summary is to provide information on the effects of changes in population demographics on the needs and services of the aging population. This summary will include the impact the aging population will have on the health care market as well as some ways in which the aging population affect health care in relation to cost. The summary hopes to provide some insight to the need for more health care professionals to care for the aging population. He summary will provide an answer to the question, what is the aging population’s effect on a chronic disease wellness program. The summary will conclude with the aging population’s effects on an individual, community, national, and global level. Aging Population in the United States According to Maestas and Zissimopoulos, “population aging is not a looming crisis of the future, it is already here” (Page 1, Para 1, 2011).When life expectancy rises and fertility declines the results are an aging population. Another issue of population aging is an increase of individuals surviving to live to an older age outgrowing the number of young people or health care professional’s ability to take care of these older people. The impact of the aging population on the future standard of living may depend on how long people continue to work. Age-related health care declines and the reluctance of employers to hire and retain older workers is a serious cause for concern. Age...

Words: 1174 - Pages: 5

Free Essay

Demographics Paper

... The aging population and the Baby Boomers are becoming a dominant demographic in the United States. The Baby Boomer generation is the biggest generation in American history. There are approximately 75 million people in America. The average life span and the age of retirement has increased, the need for medications for a longer period , and chronic illnesses are examples of how the aging population and the Baby Boomer generation will contribute to changes in the health care field. “Future and current demographics play an important role in determining the supply and demand of health care workers” (HRS, p. 3). Projected demographics that will affect health care include the increased life span of the aging population, and geographic location of the population. The rise in the population percentage of the elderly over the next decade will cause a n increase in the demand for more health care workers, and medications. Concerns that the demands for health care professionals will not be met because of the financial stress placed on Medicaid, Medicare, private insurance companies, and the patients out of pocket expenses. Many physicians are in the same demographic as the aging population. These physicians may retire around the same time. The healthcare for the elderly population will increase will less physicians to care for them. Positive changes to the health care market will take place as the demographic changes. “Minorities...

Words: 1241 - Pages: 5

Premium Essay

Ethics

...Among many developed countries around the world, Canada’s population is aging and it will continue to increase with a huge contribution of baby boom generation. In 2010, we had about 14% of Canadian seniors (those age 65 and older) and by 2036, this percentage will increase to about 25% (Canadian Institute for Health Information, 2011). We do not live only in an aging world but in a society in which older people are healthier and more active as compared to past aging population. The effects of population aging permeate all spheres of social life; work, the family, politics, economy, housing and health care. However, there lies a strong belief that the aging of Canadian population will certainly lead to an increase in the cost of providing the current level of health care in Canada because health care costs are much higher for seniors, and this financial burden will be more acute in some provinces due to provincial differences in the age structure and population health (Health Canada, 2006). This paper will discuss the various aspects of aging of population that can result as a threat to the Canadian health care system in terms of cost and health care facility usage by the elderly. Also, the social and demographic structures of aging that limits the living rights of aging population will also be mentioned. Ageism is a social Construction: “Old” age or becoming a senior does not happen overnight when a person turns 65. Rather, the meaning of being old is socially constructed...

Words: 659 - Pages: 3

Premium Essay

Aging Around the World (Communications Final Paper )

...Executive Summary Europe: The aging trend in Europe is in most place they are growing older. According to the European Commission (2012) “while the population of Europe will be slightly higher in 2060 (517 million, up from 502 million in 2010), the population will be much older. While longer lives are indeed a great achievement the aging of the population also poses significant challenges for the economies”. The share of those aged 15-64 is projected to decline from 67% to 56% while those aged 65 and over is projected to rise from 17% to 30%. This will cause Europe to go from have four people of working age to each aged over 65 to a mere two people of working age (European Commission, 2012). ● “The total number of workers is projected to decline by 15.7 million over the forecast horizon to 195.6 million in 2060. ● The decline in the workforce will act as a drag on growth and per capita income, with a consequent trend decline in potential growth. The latter is estimated to converge to below 1,5% in real terms in the long-term in the EU. Moreover, the demographic changes are expected to have substantial consequences on public finances in the EU. ● On the basis of current policies, age-related public expenditures (pensions, health-care and long-term care) are projected to increase by 4.1 percentage points to around to around 29% of GDP between 2010 and 2060”. The economics of depopulation are dark. At full employment, the real GDP has a good chance of declining...

Words: 4766 - Pages: 20

Premium Essay

Implications

...NBER WORKING PAPER SERIES IMPLICATIONS OF POPULATION AGING FOR ECONOMIC GROWTH David E. Bloom David Canning Günther Fink Working Paper 16705 http://www.nber.org/papers/w16705 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2011 Support for this work was provided by the Program on the Global Demography of Aging at Harvard University, funded by Award Number P30AG024409 from the National Institute on Aging. The content is solely the responsibility of the authors and does not necessarily represent the official views of the National Institute on Aging or the National Institutes of Health. The authors thank Marija Ozolins and Larry Rosenberg for their assistance in the preparation of this paper. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peerreviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications. © 2011 by David E. Bloom, David Canning, and Günther Fink. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source. Implications of Population Aging for Economic Growth David E. Bloom, David Canning, and Günther Fink NBER Working Paper No. 16705 January 2011 JEL No....

Words: 15223 - Pages: 61

Premium Essay

Aging and Health

...Among many developed countries around the world, Canada’s population is aging and it will continue to increase with a huge contribution of baby boom generation. In 2010, we had about 14% of Canadian seniors (those age 65 and older) and by 2036, this percentage will increase to about 25% (Canadian Institute for Health Information, 2011). We do not live only in an aging world but in a society in which older people are healthier and more active as compared to past aging population. The effects of population aging permeate all spheres of social life; work, the family, politics, economy, housing and health care. However, there lies a strong belief that the aging of Canadian population will certainly lead to an increase in the cost of providing the current level of health care in Canada because health care costs are much higher for seniors, and this financial burden will be more acute in some provinces due to provincial differences in the age structure and population health (Health Canada, 2006). This paper will discuss the various aspects of aging of population that can result as a threat to the Canadian health care system in terms of cost and health care facility usage by the elderly. Also, the social and demographic structures of aging that limits the living rights of aging population will also be mentioned. Ageism is a social Construction: “Old” age or becoming a senior does not happen overnight when a person turns 65. Rather, the meaning of being old is socially constructed...

Words: 659 - Pages: 3

Premium Essay

Old Age and Immigration

...Immigration and Canada’s Aging Demographic With more people living longer and having fewer children, can the arrival of immigrants help to stabilize the balance between generations? Immigrants play an important role in supporting programs that maintain an aging work force but immigration may not be able to relieve Canada of the challenges of an aging population. One in seven Canadians is a senior citizen, 13.7% of the Canadian population was over 65 in 2006, with the fastest growing group being seniors aged 85 years or old (Soc. p. 278). The proportion of seniors will double by 2031, totalling around 25% of the population (Soc. p. 278) In September 2005, Statistics Canada released a study on the population of Canada. This report gave a detailed picture of past, present and future population trends. Understanding population trends is important to the running of social and economic systems and plays an important role in determining government policy. The report contains a warning that Ottawa and other levels of government in Canada need to make some dramatic policy changes to meet the demographic challenges of the future. The Statistics Canada Report shows that Canada’s fertility rate is 1.5 children per female. With Canada’s aging population of “baby boomers” it means that in twenty years death may outpace births. This means as Canadians we are not even “replacing” ourselves. As a result, the growth rate in our population will change from increases to an actual decrease...

Words: 1542 - Pages: 7

Free Essay

Hca/210 - Wk 7 - Rising Cost of Health Care Costs

...The Driving Forces behind Rising Health Care Costs Leslie Parvin HCA/210 August 23, 2013 Jon Lasell The Driving Forces behind Rising Health Care Costs Even though some experts disagree the high cost of health care is not a serious problem, the high and rising costs are a major issue, because of the high cost of new technologies and the aging population. Furthermore, the most expensive health care system in the world is right here in the United States, with the per capita health expenditures far above those in any other countries. However, to help the sky rocketing costs of health care, insurance companies came out with plans like HMO’s to help manage care organizations that provide comprehensive health care services for a predetermined annual fee per each person enrolled. The rising health care costs have become a huge concern for almost everyone, including the general public, federal and state governments, and employers who purchase health care for their employees. Hence, there are several reasons to explain the high and rising costs of health care. According to Bodenheimer (2005), he stated, “High health care costs might derive from factors outside the health sector rather than from characteristics of the health care system itself” (p. 849). One of these factors outside the health sector is the rising costs of health care for the aging population. According to the Pew Research Center (2010), as of January 1, 2011 approximately 10,000 Baby Boomers,...

Words: 608 - Pages: 3

Premium Essay

A Career In Geropsychology

...The totality of expert who train in gerontological health and public services is not growing to help meet the growing demand (Munk, (2007). Based on history psychologists have been unskilled to work in the medical field, and for those people who were skilled in medical training were not ready to care for the needs of older adults who needed unique health care. According to American Psychological Association Presidential Task Force on Integrated Health Care, (2008, pg.46) “In geropsychology, there is a growing trend in graduate programs and clinical internships to train graduate students in the management of mental disorders in nonmental health settings. Along standing central tenet of geropsychology is the need to be part” of the organizations...

Words: 1310 - Pages: 6

Premium Essay

Demand Versus Supply

...and the increasing demand for health care services. There is a higher demand for registered nurses because of the increase in population, aging baby boomers, and increase in chronic diseases. The shortage of registered nurses impacts the health status and quality of life of the population. Factors that impact health care are the importance of supplying adequate nursing personnel and retaining RN’s in the workplace. There is a need to provide resources to educate registered nurses along with recruiting future registered nurses. “Economists use the concepts of demand and supply to inquire how the quantity of services used changes as price changes” (Getzen, 2007, p. 24). The purpose of this paper is to discuss demand versus supply of registered nurses and the effects of consumer demand versus the economic variables of cost, access, and supply. Demand Registered nurses are in more demand than ever before because of the continued nursing shortages. Factors contributing to the shortages are advancements in technology, people are living longer, and the health care needs are more complicated. In the early years nurses were trained to take vital signs, administer shots, and insert catheters. Nurse training in the past was more focused on bedside nursing compared to today’s nurses are doing more specialized care and training is more technical. “Today’s shortage, however, is exacerbated by an increased demand for health services required by the aging population and an increased demand...

Words: 1235 - Pages: 5

Premium Essay

Old Age Security

...The Canadian pension system, funded from the Government of Canada’s general revenues is comprised of three programs. The Old Age Security (OAS) program includes the basic OAS pension, the Guaranteed Income Supplement (GIS), and the Allowance for Survivors.(social work) Old Age Security provides benefits to Canadian residents at the age of 65 and who have resided in Canada for more than 10 years after age 18. To receive the full monthly benefit of $540.12, an individual must have lived in Canada for a period of 40 or more years after the age of 18. OAS benefits are not dependant on paid employment or the income of a spouse or partner. Individuals who earn more than $69, 562 will have their OAS benefits “clawed back” and those with an income exceeding $122, 772 are not eligible to receive the OAS benefit. The Guaranteed Income Supplement provides benefits to low income seniors who are also receiving OAS. The federal government has recently introduced policy changes to the Old Age Security and (GIS) benefits, specifically increasing the age of eligibility from the current age of 65 to 67. These changes are to be fully implemented by the year 2029. As an advocate for low income seniors, the policy changes to the OAS/GIS eligibility requirements will be analysis and recommendations will be made that there is no financial reason to amend the Old Age Security Act and in doing so the adverse affects to lower income earners will be numerous. The Canadian government, under Conservative...

Words: 1904 - Pages: 8

Premium Essay

Health Care Professionals

...Health Care Professionals Tyreka L Banks HSA 500 08-15-2001 Dr. Melody Princess-Kelley Health Care Professionals Identify and describe three reasons there may be a physician shortage rather than a surplus in the United States. One cause for shortage is extensive discontent, mainly in managed care. Both patients and medical doctors believe there is a boundary on choice. “Medicine’s dislike of firmly prohibited repayment and of non- medical doctor’s effort to manage their job fueled a large amount of this criticism” (Williams & Torrens, 2008, p.270). All this has origin a movement away from investment insurance planning and reverse to a more intimately look like fee-for-service plan, mainly favored provider organizations. With the shift away from prearranged forms of therapeutic practice typically means close by will be a larger need for more medical doctors to convey the identical kind of service. The following cause for a shortage is “The reasons for this are clear: Women still do a bulk of the duties surrounding the maintaining a home, upbringing of children and leaving lesser time accessible for practice. The main essential demographic changes within the labor force may cause anxiety for fewer medical doctors” (Williams & Torrens, 2008, pp 226-228). One reason for this may be due to the rising number of women in the labor force but it also affects men as well. All are seeking a way of life that permits them to have a limited number of hours worked during...

Words: 1022 - Pages: 5

Premium Essay

Nursing Homes for the Out and Proud

...exceed the norm. This is the generation that fought for rights for women. This is the generation that fought for rights of all. The baby boomers had children later in life, putting their career first. It is essential that the United States begins to prepare the nursing homes for the diverse part of the elderly. The baby boomers, in general, are a diverse group of individuals. The nursing homes will have to make room for this generation of elderly. The nursing home community is not prepared for the large number of gay and lesbians that will be aging and needing long term care. As the gay and lesbians age, this particular population of elderly will have many obstacles to overcome. First off the realization that there is a severe shortage of nursing homes that specialize in the care of the Gay, Lesbian, Bisexual,, and Transgender community. Not only will this particular diverse group need normal medical care and long term care, but in addition to this they will need the understanding, respect, and acceptance of their lifestyle. Coming from the aspect of lack of acceptance of this lifestyle, the elderly gay, lesbian,...

Words: 4319 - Pages: 18

Premium Essay

The Future of Healthcare

...epidemic and the aging population as more Americans fall under these groups? The aging population and obesity epidemic go far beyond American soil but this report will focus on the healthcare concerns arising in the United States. The Center for Disease Control and Prevention (2011) has stated that the population of those greater than 65 years of age is estimated to grow from 12.4% in 2000 to 19.2% in 2030. In age that means in 2030 the population of those over 65-year- old will be at 75 million, up from 35 million in 2000. Furthermore, those individuals 80 years of age and older will rise from 9.3 million to 20 million in that same time frame. In 2025 the United States, minus Alaska and Florida, will see an estimate of 15% of their population who are 65 years old and older. Three combined factors make up the aging phenomenon; Age Dynamics: The fertility rate elevated between 1946 and 1964 (baby boom era); Fertility Rate Decline: The amount of older people has increased as the number of young people reproducing has decreased; and Increase in Longevity: Medical technology and healthcare improvements have helped to increase life expectancy by 20 years (Transgenerational, n.d). The CDC (2011) has stated the following: “The growing number of older adults increases demands on the public health system and on medical and social services.’ ‘Chronic diseases, which affect older adults disproportionately, contribute to disability, diminish quality of life, and increased health and long-term...

Words: 1630 - Pages: 7