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After reaching $6.5 billion in 2019, the travel nursing market dropped 40% in 2023.
September 05, 2024

Healthcare Brew

HOKA

Welcome to Thursday! Hey parents, are you feeling stressed? US Surgeon General Vivek Murthy issued an advisory last week about the mental health and well-being of parents, which he called “one of the best jobs but also one of the hardest.” As Murthy seeks to address the pressures of parenting, we thought we’d take a second to say thanks to *all* the caregivers out there who are making a positive impact.

In today’s edition:

The future of travel nursing

Financial stressors

Tastes like data breaches

—Caroline Catherman, Maia Anderson, Eoin Higgins

TRAVEL NURSING

Nursing market check

Nurse prepares surgical paperwork Reza Estakhrian/Getty Images

It’s undeniable that demand for travel nurses has fallen since its pandemic peak, when hospitals paid top dollar for temporary staff as patient numbers soared and swaths of workers fell ill.

Now, though, the numbers tell a different story.

After growing more than sixfold from $6.5 billion in 2019 to $42.7 billion in 2022, the travel nursing market shrank 40% to $25.6 billion in 2023, according to a June report by research and advisory firm Staffing Industry Analysts (SIA).

Throughout 2023, headline after headline reported downsizing at companies built for travel nurses, and pay shrank, with the average bill rate down from $133.47 in 2022 to $106.78, SIA found. The question arises: What does travel nursing’s future look like?

Staffing agencies and healthcare experts say the industry was growing even before the pandemic, and though it has fallen from pandemic levels, it’s worth more than it was before. They predict travel nursing has a strong future in a normal market.

Keep reading here.—CC

   

PRESENTED BY HOKA

You deserve to be comfy

HOKA

Working in healthcare feels a lot like running a triathlon…every single shift. It’s no coincidence that foot and back pain seem to be a common complaint from nurses, doctors, and healthcare pros alike.

Luckily, that’s where HOKA’s Bondi SR steps into the picture. These slip-resistant, ultra-grippy shoes are constructed with a water-resistant leather upper that’ll shield your feet during the toughest shifts.

Besides being one of HOKA’s most cushioned shoes, the Bondi SR is where fashion meets function. Everyone in the hospital and lab will likely be asking where you copped ’em.

Give your feet a break.

GLP-1S

Big spender

Two packages of 5 dosing pens each of a fictitious Semiglutin drug used for weight loss (antidiabetic medication or anti-obesity medication) on a blue transparent background. Aprott/Getty Images

GLP-1 drugs could put a major strain on Medicare Part D’s budget in the future, according to a study published on August 27 in the medical journal Annals of Internal Medicine.

Many Medicare beneficiaries can’t get GLP-1 coverage because federal law currently doesn’t allow the program to cover drugs prescribed only for weight loss. But in March 2024, after clinical trial results published in November 2023 showed that semaglutide-based GLP-1s such as Novo Nordisk’s Wegovy can reduce cardiovascular incidents, Medicare announced that Part D plans could cover Wegovy for patients with an elevated body mass index (BMI) and “established cardiovascular disease.”

Medicare has yet to provide an exact definition of established cardiovascular disease, so it’s unclear how many beneficiaries would qualify for the coverage. But even conservative estimates have researchers projecting that GLP-1s such as Wegovy could become Part D’s most expensive drugs.

The study found that 3.6 million people (14.2% of Medicare beneficiaries) were “highly likely” to be eligible for Wegovy coverage if Medicare used a more conservative definition of established cardiovascular disease, and up to 15.2 million people (60.9% of beneficiaries) could be eligible if Medicare went with a more liberal definition. Researchers based the potential definitions on criteria such as prior history of cardiovascular disease or higher BMI levels.

Keep reading here.—MA

   

DENTISTRY

Dental breach

Repeated dental model on the pink background Yulia Reznikov/Getty Images

More like dental damage.

Your dentist’s office isn’t the first place you might think of as a cybersecurity risk, but as Medix Dental CEO Tom Terronez told IT Brew recently, the amount of private information stored there makes it a potential threat.

“One of the things that makes dental more vulnerable is that it’s still majority on premise, local practice management software,” Terronez said, adding that that means “they’re way behind a lot of other industries that are in cloud uptake.”

Gummed up. The FBI warned the American Dental Association in May of the potential danger to providers from hackers. In May 2023, hackers attacked Delta Dental of California in a breach exposing the information of around 7 million patients.

In April 2023, Aspen Dental—a chain with more than 1,000 dentists’ offices across the country—suffered a ransomware hack that exposed user data, including health insurance information and Social Security numbers.

Keep reading on IT Brew.—EH

   

VITAL SIGNS

A laptop tracking vital signs is placed on rolling medical equipment. Francis Scialabba

Today’s top healthcare reads.

Stat: 19%. That’s how much lower the death rate from Covid-19 was among patients taking Wegovy in a recent study. Researchers are unsure why. (the New York Times)

Quote: “We were keeping people who didn’t need to be there.”—Lexie Reid, a psychiatric nurse who worked at an Acadia Healthcare facility in Florida, on how the hospitals reportedly tried to hold patients against their will (the New York Times)

Read: As Steward Health Care faces bankruptcy and looks to close hospitals, some are looking inside at the “financial dealings” of CEO Ralph de la Torre. (the Boston Globe)

Workplace warrior: Feet need a li’l TLC? HOKA’s Bondi SR (aka slip resistant) is an ultra-grippy, water-resistant shoe made for long days on your feet. Snag a pair.*

*A message from our sponsor.

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