2024 Forecast: The Future of Travel Staffing | Vivian Community Hub (2024)

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After emerging from the crisis mode healthcare systems faced during the COVID-19 pandemic and entering what was deemed the new normal, many hospitals and health systems found that their staffing issues had only gotten worse. Nurses and other healthcare professionals (HCPs) experienced increased burnout from the prolonged healthcare crisis, with many choosing to switch gears within their professions or leave the profession altogether.

Many hospital and health system leaders sought to prioritize workforce stabilization during 2023 and into 2024 by increasing their efforts to recruit and retain permanent staff over high-cost travel workers. However, facing continued labor shortages and record-high turnover rates, many healthcare organizations still consider traveling healthcare labor a key strategy to fill open positions. This strategy may be even more necessary for hard-to-fill roles, such as registered nurses (RNs), nurse practitioners (NPs), physical therapists (PTs) and mental health professionals.

In a tight labor market, hiring travel staff can widen a health system’s talent pool, providing more patient coverage and helping reduce clinician burnout and turnover. Although it’s difficult to predict the future of travel staffing, one thing holds true – as long as the demand for nurses and HCPs continues to increase and supply remains low, the need for travelers to take up the slack will likely remain steady in 2024 and beyond.

Projected Employment Growth

The U.S. Bureau of Labor Statistics (BLS) predicts an additional 4.7 million jobs from 2022 to 2032 in the United States, a growth of about 2.8%. Similar to previous years, a significant portion of the projected employment gains are in the healthcare and social assistance sector. The nation’s aging population and expanding prevalence of chronic conditions are primary drivers of the growth within this sector.

2024 Forecast: The Future of Travel Staffing | Vivian Community Hub (4)
Source: U.S. Bureau of Labor Statistics

The BLS projects that 2.1 million new jobs within this decade will be within healthcare and social assistance, roughly 45% of the 4.7 million total and more than any other sector. Within this sector, it expects the healthcare support occupational group to have the fastest employment growth and add the most jobs, with healthcare practitioners and technical occupational groups adding to the mix.

2024 Forecast: The Future of Travel Staffing | Vivian Community Hub (5)
Source: U.S. Bureau of Labor Statistics

Parth Bhakta, founder and CEO of the healthcare talent marketplace Vivian Health, told Healthcare Brew that the demand for hospital workers, particularly nurses, continues to outstrip demand—and that’s unlikely to change anytime soon.

“I do believe that going into 2024 you’re going to see the continued demand on the healthcare workforce, where there’s just not enough healthcare workers and there’s a ton of open positions that remain to be filled,” Bhakta told the publication.

RELATED: Fastest Growing Healthcare Careers in 2024

Projected Growth and Shortages in Nursing

2024 Forecast: The Future of Travel Staffing | Vivian Community Hub (6)

Nurses are a vital part of healthcare and comprise the largest segment of the healthcare workforce. Of these, nearly 5.2 million are registered nurses, per the American Association of Colleges of Nursing.

According to the National Council of State Boards of Nursing, about 100,000 RNs left the profession during the pandemic, and over 600,000 more indicated an intent to leave the workforce by 2027. This exodus could leave even larger staffing gaps at some facilities, requiring short-term or long-term travel nurse contracts to ensure patient safety.

Even without further losses within the nursing population, the demand for more nurses will continue to grow. Nurses play a crucial role in delivering direct patient care, which is particularly important for our nation’s aging population.

Despite the drop in peak pandemic crisis pay rates for travel nurses, these travelers still earned a 7% premium in travel wages at the start of 2024 compared to the pre-pandemic era. The forecast for travel nurses remains positive with an anticipated stabilization of travel pay and the growing demand to fill vacant staff positions. The demand for RNs and NPs is especially high, but all nursing professions have a projected spike in demand between 2022 and 2032.

The following table details the projected growth nationally among nurses within various disciplines and projected job openings each year between 2022 and 2032. It also lists the average weekly travel rates based on contracts posted on Vivian Health on February 21, 2024.

OccupationProjected Growth 2022-32Projected Job Openings Annually 2022-32Avg Weekly Travel Rate 2/21/24
Nurse Practitioners45%26,300$5,191
Nurse Anesthetists9%2,500$6,449
Nurse Midwives6%400N/A
Registered Nurses6%193,100$2,129
Licensed Practical / Vocational Nurses5%54,400$1,479
Certified Nursing Assistants4%202,400$798

Sources: Vivian Health, O*NET OnLine, BLS

As noted in the table, the BLS projects that nurse practitioners will see the fastest employment growth among all nursing professionals. NPs rank 2nd, a scant 0.4% behind wind turbine service technicians, in the top 10 fastest-growing occupations between 2022 and 2032.

Unlike travel RNs and LPN/LVNs, nurse practitioners currently don’t have the convenience of a licensure compact between states that allows them to practice across borders easily. However, many take advantage of the higher pay usually found in travel contracts with the added plus of seeing the nation while earning this lucrative paycheck.

RELATED: What’s the Difference Between the eNLC and the APRN Licensure Compacts?

As healthcare facilities increasingly rely on team-based healthcare models combined with the continued shortage of physicians, especially primary care physicians, utilizing NPs to provide patient care customarily provided by a doctor should keep the demand for these HCPs well above average.

2024 Forecast: The Future of Travel Staffing | Vivian Community Hub (7)
Source: U.S. Bureau of Labor Statistics

Projected Growth and Shortages in Allied Health Professions

2024 Forecast: The Future of Travel Staffing | Vivian Community Hub (8)

Like travel nursing staff, many allied health professionals should also enjoy increased employment growth based on the rising demand within a wide array of specialties. According to the National Society of Allied Health, allied health professions combined comprise almost 60% of the healthcare professions workforce.

The National Center for Health Workforce Analysis (NCHWA) projects shortages in many vital allied health occupations. Where deficits exist lies the opportunity for travel staffing to address these shortcomings. Key travelers who may be in high demand through 2036 due to shortages in the field include respiratory therapists, physical therapists, mental health counselors, psychologists and pharmacists.

The projected job growth within specific fields can also significantly influence travel staffing. Thefastest-growing allied health careerswith the highest demand typically have some of the highest projected job growth and openings.

Like NPs, physician assistants also benefit from increased demand as they take up the slack where there’s a physician shortage. Assistants to physical and occupational therapists have an even faster-growing demand than their superiors through 2032. Allied health professionals specializing in areas vital to the health and well-being of aging adults should see increased job opportunities.

No matter the allied health specialty, increased demand often leads to facilities having open staff positions. Travelers have the opportunity to fill these staffing gaps until these facilities can fill these openings permanently.

The following table demonstrates the projected growth of allied health professions in potentially high demand and annual job openings in each field. It also showcases average weekly rates based on travel allied health jobs posted on Vivian Health on February 21, 2024.

OccupationProjected Growth 2022-32Projected Job Openings Annually 2022-32Avg Weekly Travel Rate 2/21/24
Physician Assistants27%12,200$4,057
Physical Therapy Assistants26%18,100$1,376
Occupational Therapy Assistants24%8,000$1,489
Speech-Language Pathologists19%13,200$2,055
Physical Therapists15%13,900$2,046
Marriage and Family Therapists15%5,900$2,081
Medical Assistants14%114,600$1,046
Diagnostic Medical Sonographers / Ultrasound Techs14%5,700$2,437
Respiratory Therapists13%8,600$1,870
Occupational Therapists12%9,600$2,020
Audiologists11%900$2,827
Phlebotomists8%19,500$1,144
Magnetic Resonance Imaging Technologists8%2,600$2,385
Social Workers7%18,700$2,165
Pharmacy Technicians6%44,900$1,310
Psychologists6%4,100$4,036
Medical and Clinical Laboratory Technologists5%24,000$1,900
Radiologic Technologists5%13,100$2,372
Surgical Technologists5%7,200$1,999
Paramedics5%5,100$1,356
Surgical Assistants5%1,300$2,241
Cardiovascular Technologists4%3,900$2,532
Pharmacists3%13,400$2,929
Radiation Therapists2%700$2,440
Nuclear Medicine Technologists0%800$2,526

Sources: Vivian Health, O*NET OnLine, BLS

Critical Staffing Shortages and the Future of Travel Staffing

As many organizations continue to predict that healthcare staffing shortages aren’t going away, the need for travel staffing isn’t going away either. As long as there’s a shortage of nurses and allied health professionals, there will be a continued need for travel healthcare workers with the flexibility to work where they’re needed most. If you’re considering travel work, rest assured that employment opportunities will exist for the foreseeable future.

Stay updated on the latest travel staff openings by browsing jobs on Vivian to find your next opportunity today.

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Editor’s Note: This blog post was originally published in February 2023 and has been updated annually to reflect current tax information provided by tax professionals.

2024 Forecast: The Future of Travel Staffing | Vivian Community Hub (2024)

FAQs

What is the outlook for travel nurses in 2024? ›

The Increase in Travel Contracts One emerging trend in 2024 is a rise in healthcare facilities offering travel nurse contracts directly rather than going through third-party staffing agencies. By cutting out the middleman, hospitals and clinics can provide higher compensation packages while avoiding agency fees.

Is there still a nurse shortage in 2024? ›

Global consulting firm McKinsey & Company predicted in 2022 that the United States would see a shortfall of 200,000 to 450,000 registered nurses (RNs) for direct patient care by 2025.

What does the future look like for travel nurses? ›

The future of travel nursing is bright and full of exciting opportunities. While there will be some challenges along the way, the innovations and progress we will make in 2024 will help travel nurses provide exceptional care for their patients while enjoying fulfilling careers.

Is travel nursing oversaturated? ›

Is travel nursing oversaturated? Travel nurses are still in demand, but most companies want you to have at least a year of non-travel practice before hiring you.

Is travel nursing being phased out? ›

While the pandemic presented unique challenges and opportunities, the pulse of travel nursing remains strong. The essence of this career choice—higher pay, flexibility, new connections, adventure, a politics-free environment, and professional growth—continues to thrive.

What are the challenges of nursing in 2024? ›

The top five challenges facing CNOs in 2024 are the supply of nurses, stabilization of support roles, innovation, retention of frontline nursing leaders, and burnout. Virtual care and platforms are key to eliminating tasks for nurses so that they can spend more time with their patients.

What state has the highest nursing shortage? ›

7 States Hit Hardest by U.S. Nursing Shortage
  • California: California is projected to be understaffed by a whopping 44,500 full-time RNs by 2030.
  • Texas: Following right behind California is Texas with a projected shortage of 15,900 RNs by 2030.

Is nursing still in demand in 2025? ›

Top 5 States with Highest Demand for Nurses

Many states report high demand for nursing. Nationally, the National Center for Health Workforce Analysis projects a shortage of over 78,000 RNs by 2025. By 2035, several states may see a significant shortage, according to 2022 nurse workforce projections.

What kind of travel nurse is in most demand? ›

Here are some of the most in-demand specialties for travel nurses in 2024.
  • ICU Nursing. ...
  • Emergency Nursing. ...
  • NICU, MBPP, and L&D Nursing. ...
  • Medical Surgical Nursing. ...
  • Telemetry Nursing. ...
  • Psychiatric Nursing. ...
  • Home Health Nursing. ...
  • Oncology Nursing.
Mar 1, 2024

Is travel nursing worth it anymore? ›

So, is travel nursing worth it? Yes! With more money, flexibility, career options, travel perks, and personal growth, it's still one of the most exciting nursing opportunities in 2024. If you're thinking of level up in your nursing career now, travel nursing jobs might just be the adventure you're looking for.

What is the outlook of being a travel nurse? ›

Travel Nurse Salary and Job Outlook

The U.S. Bureau of Labor Statistics (BLS) projects the nursing profession to grow at a rate of 16% between 2014 and 2024. Due to the current nursing shortage, the job outlook for travel nursing is even greater. The BLS predicts a 19% growth for travel nurse jobs by 2022.

Is travel nursing worth it in 2024? ›

A travel CVOR RN can expect to make closer to $3,000/week, even in 2024. It's important to note that many healthcare organizations offered “COVID rates” during the state of emergency, which went on for the better part of 18 months in the U.S.

Which state has the most travel nurses? ›

California has the highest demand for travel nurses, and med-surg was the specialty in highest demand, according to a Nomad Health report. The "Nomad Health Q4 2023 Healthcare Jobs Report" examined internal job data collected from Oct.

Where do travel nurses make the most money? ›

Historically speaking, the highest-paying states for travel nurses include California, Texas, Massachusetts, Washington, and New York. Southern states tend to have lower living costs and, in turn, lower travel nurse pay. Areas that are considered “destination locations” (like, Hawaii and Florida) may pay lower.

What is the job outlook for nurses in 2025? ›

Job Outlook

Employment of registered nurses is projected to grow 6 percent from 2022 to 2032, faster than the average for all occupations. About 193,100 openings for registered nurses are projected each year, on average, over the decade.

What is the shortage of nurses by 2025? ›

Nationally, there is a projected shortage of 78,610 full-time equivalent (FTE) RNs in 2025 and a shortage of 63,720 FTE RNs in 2030 (see Exhibits 1a-1c).

What is the job outlook for nurses in 2030? ›

The Bureau of Labor Statistics (BLS) forecasts a 9% growth in nursing employment from 2020 to 2030. This rate is as fast as the average for all occupations. It suggests that about one in every eleven new jobs created will be in nursing.

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