By Ashley Portero – Reporter, South Florida Business Journal
Hayes Locums, a temporary staffing firm for physicians, will create 250 jobs as part of its headquarters expansion in Fort Lauderdale, the company announced Wednesday.
"The demand for health care across the U.S. has exploded and we've experienced exponential growth," Hayes Locums Chief Operating Officer Ryan Scharer told the South Florida Business Journal. "We don't expect that will slow anytime soon and look forward to expanding our reach in South Florida."
The company will receive $750,000 in Qualified Target Industry (QTI) Tax Refund Program incentives for its Fort Lauderdale expansion, which equates to about $3,000 per new job created. Eighty percent of the incentives will come from the state of Florida and the remaining 20% will come from Broward County.
The funds are performance-based incentives and would be awarded only after the company meets its job-creation goals.
In addition to creating 250 new jobs, Hayes Locums is expected to retain 184 positions and make a $6.8 million capital investment in its new 77,105-square-foot headquarters at 5900 N. Andrews Ave.
Hayes Locums had considered relocating to Buffalo, New York but decided to stay in Fort Lauderdale due to the talent pool and quality of life in South Florida, said Bob Swindell, president and CEO of the Greater Fort Lauderdale Alliance. The tax incentives were also a draw.
"Tax incentives will never make a bad location good, but it can give a little push that makes companies feel like local governments recognize the importance of the jobs they're creating," Swindell said.
Founded in 2012, Hayes Locums is a staffing and recruiting agency that pairs health care professionals, including doctors, physician assistants and nurse practitioners, with employers. The staffing model places skilled practitioners into health care facilities on an as-needed basis, which could include a single shift or a months-long assignment.
"It appeals to physicians for various reasons," Hayes Locums' Scharer said. "Some are attracted to the lifestyle that comes with temporary work, some want to pick up some shifts to earn extra money and still others are drawn to the emphasis on patient care."
There are more than 77 million baby boomers in the U.S., defined a people born between 1946 and 1964. The demand for physician services is expected to skyrocket as that population reaches retirement age and beyond.
The problem? The demand for health care services is growing faster than supply. The trend is expected to result in a shortage of more than 120,000 physicians by 2032, according to the Association of American Medical Colleges, which reports one-third of active U.S. doctors will be over 65 in the next decade.
Temporary workers could be key to addressing that shortage, Scharer said.
"The U.S. has a limited number of physicians to serve the elderly population," he said. "This is a solution that can staff health care facilities across the country, whether that be rural communities or major cities."