Why the Demand for Healthcare Jobs is Increasing
The latest projections from the U.S. Bureau of Labor Statistics has shown from 2012 up until 2022 the number of healthcare positions required will increase by around 30%.
When you compare this to other worldwide industries which will only grow by 11%, it is easy to see why healthcare as a profession is such a great option.
A vast number of individuals would take this to mean doctors and nurses, and while they are high on the lists of needed professionals, there are many positions which are in more of a support role than being hands-on.
Over the past couple of years, the economy has maintained its strength with unemployment holding at less than 5%. This is the lowest it has been since 2008. For individuals in employment, it gives them the confidence to spend more on conventional and discretionary forms of healthcare.
The Patient Protection and Affordable Care Act also had a large part to play in this as now many individuals have easier access to treatment through their health insurance.
What do Billers and Coders do?
As there is such a demand for healthcare workers, this spreads indirectly to health insurance companies. The needs for both medical billers and coders whose job it is to connect healthcare providers the patients and their insurance companies together.
In this position, a person has to read a patients charts to determine their medical history. This will also include any diagnosis and the treatments which were administered.
Based on this information, a set of medical codes are used to transcribe this history to a form of shorthand which can be used by both health care providers and the insurance company.
With a position of this type, a medical billers and coders salary can be in the region of over $30,000 for the lowest position.
Careers of this nature like many other supporting ones, will be crucial. Without them, there is no link between doctors and hospitals and patients not to mention the healthcare companies who provide coverage.
This is the generation which is placing a strain on the healthcare service and driving the demand for skilled people.
Every year close to 4 million baby boomers is reaching the age of 55. This leads to the number of Americans who are aged 65 and above, rising to a figure of 54 million within the next two years.
This figure increases all the way to the year 2029 where the elderly will reach some 71 million.
This generation is living longer due to better medicine and technology, and these people are taking better care of themselves. For some, though, they will be struck by illnesses which are not treatable to provide a lasting cure.
When patients have illnesses of this nature, they have the choice of where to be cared for. A vast number choose to remain at home. This means the number of home help services will require physical therapists and nurses.
Ambulance services are another area which will continue to grow. As the adult population rises, so will the number of outpatients and short-stay patients who will need transportation between dialysis facilities, imaging centers, and doctors’ offices?
Aging Healthcare Workers
This is one area which is often overlooked. There is plenty of talk of the baby boomer generation living longer.
There is a good number of these individuals who work in the healthcare industry. Now they are reaching the age where they are looking to retire. This leaves natural openings aside from any other increase in the longevity of the average American adult.
ACA Policy Debate
During 2017 there was a lot of talk about the sweeping changes that would take place to the Affordable Care Act. Fortunately, by the year-end, the ACA was still in place, albeit with a few modifications.
A lot of the talk was about how this repeal would slow down job creation in the healthcare sector. This never happened, and the industry introduced an extra 300,000 positions.
While everyone still has affordable access to seeing their doctors. Demand will continue to grow. As this does the supporting occupations such as the billers and coders will grow along with it.
The more interaction between healthcare companies and hospitals or doctors, the more this type of person will be required to assist the seamlessness of working from the same information at the same time.