Traveling Medical Professionals

Part
01
of two
Part
01

Traveling Medical Professionals - Lodging Market Size in $USD

This research could not answer any part of this question as there was no such data available in the public domain. The helpful findings provided address the growth of the US business travel industry. In 2016, American businesses organized 514 million business trips and spent $424 billion. Depending on the assignment, traveling medical professionals may spend a significant amount of time in a location hence the need for lodging facilities. Below is a step-by-step walk-through of our research strategy followed by some helpful findings.

RESEARCH STRATEGY #1

We started by searching through news websites and credible blogs aimed at medical professionals, including Very Well Health and Blue Pipes. We did not any data on the market size of lodging for traveling medical professionals. However, we got details on top traveling jobs in the medical field and the average cost of housing for a travel nurse per month and frequency of travel per year. In addition, we also gathered information on career growth in health care professions that involve travel and the top cities that have well-known leading hospitals and medical centers that attract travel nurses. We assumed that many nurses traveling to these cities would cause an increased demand for lodging facilities.

RESEARCH STRATEGY #2

We searched for data that could be triangulated to get the market size. In this research, we collected data points like the number of medical professionals that travel to the United States every year. Here, we used employment and labor databases like U.S. Bureau of Labor Statistics, OECD — Employment Database, and Public insights. However, these databases only gave general statistics on medical care professionals and not specific to traveling professionals. Data collected from this search was not adequate to triangulate and deduce any meaningful inference.

RESEARCH STRATEGY #3

We searched through common online job portals for traveling medical professionals like Monsters, and American Traveler to find any information about the number of job openings for traveling professionals hoping we could find the number of professionals that travel every year. However, these websites did not reveal the number of available for traveling medical care professionals. We went deeper and searched for benefits offered by traveling medical care professionals' employers. We wanted to see if these organizations offer any accommodation to their employees. However, we found that most of these organizations offer lodging stipends according to the GSA rates per diem. From there, we searched for Diem rates published by GSA. Still, we could not get the cost of lodging as the rates differ according to location. Finally, we searched for any statistics on lodging facilities like Airbnb and furnished finders and leading hotels like Marriot. We wanted to see if they have any clients from the medical care field. But we only got data on overall business travelers. The following are helping findings we gathered during our research.

Top 7 jobs that involve a lot of traveling

other helpful findings

Common places that traveling professionals get lodging facilities.


  • The above methods allow visitors to select their preferred housing facility i.e room, apartment, shared houses, etc, depending on housing stipends offered by the company.
  • The Greater Boston Metropolitan Area, The New York Metropolitan Area, and the Greater Los Angeles Metropolitan Area attract a lot of traveling medical professionals on different assignments, which suggest high demand for lodging facilities for medical professional.
  • Research shows that business travelers account for 70% of room nights in the U.S. lodging industry.


Part
02
of two
Part
02

Traveling Medical Professionals - Lodging Market Size in # of Persons

Although there was not enough information to determine the number of medical professionals who travel away from their homes and are lodged per year for work, we found that there were over 30,000 travel nurses in the United States as of 2016 being facilitated by about 300 staffing companies. Below you'll find an outline of our research methodology to better understand why the information that you've requested is publicly unavailable, as well as a deep dive into our findings.

Methodology

To provide the total market size of the lodging market for traveling medical professionals who are assigned to a location for 4-12 weeks, we began our research by searching through United States official portals including Data.gov and USA.gov, official hospital/health databases such as NCBI and the American Hospital Directory, and healthcare-oriented resources including Host Healthcare. Our aim was to determine the number of medical professionals who travel away from their homes and are lodged per year for work. We only managed to find statistics on the number of medical practitioners in the country and the benefits enjoyed by travel healthcare workers.

Next, we explored research resources including GrandViewResearch and Mintel, statistics resources such as Statista, media resources including Forbes and Reuters, and databases such as Jstor and Google Scholar for scholarly research articles and journals on the subject. We also searched through travel directories such as Travel Axis for any information pertaining to the reservations made specifically for/by medical practitioners in the United States. However, we could only find information on the number of active medical practitioners in the United States and the market size of medical tourism which is different as it pertains to traveling patients.

Third, we tried to find enough data to perform a triangulation. We searched for staffing companies for healthcare professionals in order to determine whether they provide any information on the number of medical professionals who use their services. We explored the websites for Cross Country TravCorps, American Mobile Healthcare, and InteliStaf, among others. While these sites facilitate travel for medical professionals for between four and 12 weeks, they do not specify the number of medical professionals who use their services. Also, it was not possible to explore the websites of each company since there are over 300 in the United States alone.

Our search through professional networking platforms for medical professionals such as BluePipes produced the approximate number of travel nurses in 2016. During our research, we noted that most companies seem to focus primarily on traveling nurses as opposed to the entire demographic. We have provided that number as the minimum number of medical professionals who travel annually in the United States.

The information on the number of medical professionals who travel away from their homes and are lodged per year for work is unavailable because there has not been any research on the subject probably because the companies that facilitate their travel do not provide the necessary data. Even BluePipe's data is an estimate.

Useful Findings

There are over 300 healthcare staffing companies in the United States. In 2016, these companies catered for the needs of about 32,000 travel nurses. That would mean that each agency caters to the needs of about 100 travel nurses annually. A 2016 staffing industry analysis concluded that 36 of the 300 healthcare staffing companies account for 62% of the entire market.

Cross Country TravCorps claims to place about 10,000 travel nurses annually and to have about 7,500 open positions at any given time. Durham, NC, Houston, TX, Cleveland, OH, Rochester, MN, and Boston, MA, are the top-five travel destinations for travel nurses in the United States. The top travel nursing companies in the United States include OR Nurses Nationwide, Triage Healthcare Staffing, Fusion Medical Staffing, The Quest Group, and Axis Medical Staffing.
Sources
Sources