EDCOR NEWSLETTER
New Strain on the Healthcare industry: Ed Benefits help them Cope
As of Jan 7, the new sub-strain of omicron XBB.1.5 accounts for more than a quarter of all Covid-19 infections in the country. This strain, even though far more contagious, is less deadly. Experts say that those who didn’t catch earlier strains will catch this one and there will be many reinfections as it’s five times more infectious than Omicron, which was five times more infectious than the original strain. The math is easy. That and the tripledemic (RSV, Flu, and Covid) combined have created a new challenge for the healthcare system in the U.S. You may take relief in the fact that our Healthcare industry is now well equipped to handle the increased number of hospitalizations and caseloads, but that doesn’t take away from the fact that they have been facing immense drain and labor shortages for close to two years now. Unsurprisingly, there has been a 26% turnaround in the industry since the start of the pandemic due to burnout, stress, and an aging population.
Even so, the data from the U.S Bureau of Labor Statistics projects that Healthcare will be the fastest growing industry – 13% over the period from 2021 – 2031- leading to the creation of close to 2 million jobs over the next decade. Moreover, the data highlights the nursing shortage – the nation would need 203,000 new registered nurses every year through 2026 to fill the gap created by a retiring population. The gaps however are in many realms including doctors, clinicians, pharmacists, lower-wage healthcare workers, medical assistants, home health aides, etc. The ongoing challenges and labor shortages in the industry have led Healthcare HR and CHROs to approach their problems in the most innovative ways and become growth hackers. When monetary incentives, counseling support, and flexible schedules didn’t prove to be enough, they found a solution in education benefits – the key to recruiting, retaining and engaging a high-performing workforce.
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CEO’S CORNER
Happy New Year! As you enter a new year, I’m sure there will be new resolutions towards elevating yourself and reaching new heights in your chosen realm. This is true for our business as well. It’s no surprise that the establishment of a sustainable business is ongoing work that needs constant innovation, agility, and technological advances. For 40+ years, Edcor has been at it and will continue to bring its ‘A Game’ to the party – be it this year or for years to come.
The post-pandemic world and the new ways of working are still anything but predictable. What we bank on is our grit to keep moving forward and delivering the best to our Clients, each day every day, no matter what the business environment looks like. We welcome 2023 with a renewed commitment to do just that. In 2023, Edcor will continue on the journey toward its elevation in every realm.
We encourage our Clients to reach out to us with anything we can help with. We yet again promise to deliver, with unwavering efforts, delightful customer experiences.
Let’s future together!
Adrienne L. Way, Edcor Owner, President, and CEO
INDUSTRY ARTICLES
Read these articles to see how Edcor partner schools are leading the way in higher education with innovative programs and ideas.
ARTICLES OF INTEREST
Gain information and insight from Edcor’s partner schools in these articles:
SCHOOL NETWORK UPDATES
Edcor partner schools respond to the needs of client employees with new course offerings and programs. Read about the steps these schools are taking to serve their students.
- Penn State World Campus January Events
- ACE has launched a new Master’s in Public Health
- Leverage the Business-Focused Data Analytics Degrees from CIAT
- CLU Enrollment Now Open for the March 20 Term Start
- Earn Your Master of Science in Strategic Leadership this Spring at Elizabethtown College
- Second Degree BSN from Concordia University
- Explore the Master’s in Healthcare Management from Endicott College
- New Program at Purdue University Global: Master of Science in Applied Behavior Analysis
