ARKANSAS NURSE MARKET - Arkansas has a shortage of nurses,...

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Arkansas Nurse Market 1 Arkansas Nurse Market Economic Theory ECO/205
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Arkansas Nurse Market 2 Introduction Arkansas has a shortage of nurses, which is anticipated to increase as the healthcare need grows, and with the aging of the baby boomers. With colleges and universities for nursing across the United States fighting to increase their enrollment of nursing students to try to meet the nursing demand, the problem is only worsening. Nursing Resource International (n.d.) states “In 2004, the U.S. Department of Health and Human Services (DHHS) projected that the U.S. nationwide nursing shortage will rise to 17.290y 2010; 26.610y 2015; and reach 36.000y 2020.” Before the year 2020, Arkansas is projected to rank number one in the shortage for nurses with “the highest projected shortage of 700y 2020” (Nursing Resource International, n.d.). In the United States, particularly in the south, where “senior citizens” and the “aging baby boomers” have moved to, the shortage of nurses has steadily increased within the last 25 years (Nursing Resource International, n.d.). Nursing Market Research Tracking nurses by age, highest level of education, and state the nursing supply model creates projections of registered nurse supply by “state-level projections” annually through the year 2020 (Rosseter, 2007). Rosseter (2007) states “Starting with the number of licensed RNs in 2000, the nursing supply model adds the estimated number of newly licensed RNs, subtracts the estimated number of separations, and tracks cross-state migration patterns to calculate an end-of- year estimate of licensed RNs by state.” This “end-of-year” estimation is then used for the beginning projections for the next year (Rosseter, 2007). Rosseter (2007) states that to obtain the estimate for the number of registered nurses that are actively working, and the amount of “fulltime equivalent” registered nurses that are employed by the healthcare field, the model then gives a projection of the amount of registered nurses that are licensed, then it applies the “workforce participation rates.” When doing this
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This note was uploaded on 04/19/2010 for the course N/A ECO 205 taught by Professor N/a during the Summer '09 term at University of Phoenix.

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ARKANSAS NURSE MARKET - Arkansas has a shortage of nurses,...

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