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Healthcare Workforce Management System Market Size

Report ID: GMI8757
Published Date: Mar 2024
Report Format: PDF

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Healthcare Workforce Management System Market Size

Healthcare Workforce Management System Market size was valued at around USD 1.6 billion in 2023 and is anticipated to register a CAGR of over 10.7% between 2024 and 2032. A healthcare workforce management system, also known as workforce management software is a comprehensive solution designed to assist healthcare organizations in efficiently managing their workforce.

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This software encompasses various tools and functionalities to streamline tasks such as staff scheduling, time and attendance tracking, credentialing and compliance management, task allocation, performance evaluation, labor cost management, communication, reporting, and analytics. The notable technological advancements, including a surge in innovative product launches aimed at enhancing market penetration, serve as significant drivers for the market.

For instance, in 2023, the enterprise-grade human capital management (HCM) platform for health systems Empeon unveiled the beta release of its scheduling solution. This new addition to Empeon's comprehensive HCM platform is designed to streamline and improve healthcare workforce management, including benefits management and other essential functionalities.

Healthcare Workforce Management System Market Report Attributes
Report Attribute	Details
Base Year:	2023
Healthcare Workforce Management System Market Size in 2023:	USD 1.6 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	10.7%
2032 Value Projection:	USD 3.7 Billion
Historical Data for:	2021 - 2023
No. of Pages:	210
Tables, Charts & Figures:	239
Segments covered:	Product, Mode of Delivery, End-use, and Region
Growth Drivers:	Rising need to manage healthcare costs through efficient workforce management Technological advancement in healthcare workforce management Rising need for workforce management systems to manage regulatory compliance
Pitfalls & Challenges:	High cost associated with deployment Complexities in the integration of different workforce management

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Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global healthcare workforce management system industry was valued at around USD 1.6 billion in 2023 and is estimated to reach over USD 3.7 billion by 2032, driven by the increasing demand for efficient healthcare cost management through workforce management, alongside strict regulatory compliances.

Software segment accounted for a market size of USD 1.1 billion in 2023 and is set to gain traction by 2032, as it can automate the scheduling process considering factors such as staff availability, skill levels, patient demand, and regulatory requirements.

North America healthcare workforce management system market accounted for USD 662.8 million in 2023 and is predicted to witness substantial growth through 2032, due to advanced technology infrastructure, making it conducive for the implementation of sophisticated healthcare workforce management systems.

ATOSS Software AG, Automatic Data Processing, Inc., Cornerstone OnDemand, Inc., GE HealthCare Technologies Inc., Hexagon AB, Oracle Corporation, SAP SE, Strata Decision Technology, The Ultimate Software Group, Inc. are some of the major industry contenders.