Health Career Lab
The Challenge
One of the most pressing challenges facing healthcare companies is finding qualified talent for today’s most critical jobs. Exacerbated by the economic fallout from the global pandemic, employers have more job vacancies than ever while simultaneously grappling with a debilitating talent shortage. Healthcare jobs are expected to increase nearly four times the amount of all other jobs in the region with an anticipated need for nearly 8,500 healthcare jobs in Greater Louisville by 2029.
All of this, compounded by increased personnel costs from a COVID-fueled national wage market, has created the perfect workforce storm with swelling labor costs, decreasing productivity, missed economic opportunity, and the potential for a healthcare crisis.
The Solution
CEOC has forged a formidable coalition of diverse public and private community stakeholders who are committed to collectively transforming Greater Louisville’s economy into a national epicenter of healthcare aging innovation. This coalition recognizes the need for collaboration and is dedicated to not only addressing the short-term crisis within Louisville’s healthcare economy but working in partnership to drive solutions at a systems level to address long standing equity issues that have stymied Louisville from realizing its full potential.
Coalition members that are committed to partnering with CEOC on this critical effort include: AMPED, Greater Louisville Inc., Kentuckiana Regional Planning and Development Agency, Louisville Metro Government, Metro United Way, Louisville Urban League, and the University of Louisville. This coalition will drive workforce solutions at a systems level, even among competitors, while functioning as the mechanism to leverage collective resources to create and fill jobs, ultimately accelerating economic development.
The coalition has been appropriated $40 million in ARP seed funds to execute a comprehensive, systems level approach focused on three strategic priorities, which are:
1. Addressing the healthcare workforce crisis
2. Creating a stronger, more equitable healthcare economy
3. Establishing an innovation corridor