Wednesday, 2 March 2016

A BRIGHT OUTLOOK FOR CRNAS IN 2016

For the past 150 years, Certified Registered Nurse Anesthetists (CRNAs) have experienced considerable success and respect in the healthcare industry. The first advanced nursing specialty to ever be recognized formally in the United States, CRNAs, hold a position very similar to an anesthesiologist—administering anesthesia to patients and closely monitoring the patient during surgery and throughout the recovery process. However due to the versatility of the CRNA position and the universal demand for anesthesia, CRNAs are able to work in many different facets of the medical field. From surgery, to dentistry, to the battlefield, CRNAs are essential to efficient care in a variety of specialized industries.

Delivering more than 40 million anesthetics every year, CRNAs dispense 65% of the total anesthetics annually supplied. Furthermore, a study from the American Association of Nurse Anesthetists (AANA) found that CRNAs are essential in rural or medically underserved areas that would not normally have an anesthesiologist, as CRNAs supply almost 100% of delivered anesthesia in such areas. Due to the ability of CRNAs to safely and effectively deliver anesthesia to patients, 17 states have passed legislation that allows CRNAs to practice independently, free from any physician supervision. Along with autonomy, CRNAs are consistently recognized for their skill and expertise, receiving a median income of roughly $160,000 annually.

Although CRNAs have been welcomed for decades with job openings across the country and generous compensation, the question remains: What will the job market look like for CRNAs in 2016 and in the years to come?

In short: Excellent.

Taking into consideration the demographics of the American populace and of current CRNAs, as well as the changing demands of the healthcare industry, the job market for CRNAs is extremely stable, with the US Bureau of Labor Statistics estimating a job growth rate of 31% over the next decade, higher than almost all other medical professions.

Although the number of CRNAs graduating has more than doubled since the nineties, there is still a significant demand for CRNAs in the job market. A recent study by the Rand Corporation concluded that there is a shortage of both CRNAs and anesthesiologists across the United States, with CRNAs being particularly in demand in urban centers of the Northeast. This shortage is quite significant to the healthcare industry because of the demands of an aging baby boomer population that requires efficient and specialized medical services. In fact, due to these demographic changes in America and the necessity of skilled anesthetists, Rand predicts that this shortage of CRNAs will continue until 2020, even with an increase in the amount of available CRNAs.

Just as the United States population is aging, so are practicing CRNAs. A demographic analysis of CRNAs from the AANA shows that the average age of a CRNA is 47.3 years old. Considering that the average retirement age is 65, a very significant number of current CRNAs will be retiring in the next twenty years, with 19% planning to retire by 2019. Due to this loss of professionals, in 2016 the CRNA specialty will undoubtedly be looking to hire graduating CRNAs that have thirty or more working years and the desire to work in such a high-demand and growing industry.

Since the implementation of the Affordable Care Act (ACA), healthcare providers have been pressured to cut costs and maximize efficiency, causing them to turn to CRNAs as anesthesia providers, due to their reduced expense to hospitals and insurance companies. Additionally, the expansion of Medicaid under the ACA has caused CRNAs to be in critical demand in the job market. CRNAs are the primary providers in underserved communities and specifically for those that are Medicaid eligible. With 15.8 million more people gaining Medicaid coverage since 2013 and an estimated 22.3 million more expected to become eligible, CRNAs will play a crucial role in supplying anesthesia management services to the newly insured.

Although the healthcare industry is rapidly changing as it responds to the passage of the ACA and an aging populace, the security of the CRNA position is remaining constant across the country as CRNAs continue to offer cost-effective and skilled care at a time when the industry needs it the most.

If you are interested in applying for a part-time or full-time CRNA position, Xenon Health is interested in you. You can simply fill out an online form at http://xenonhealth.com/contact-us/