The Health Care Marketplace Boom

Since the recession hit, the job market has been cruel.  The unemployed face the struggle of locating and landing a job, and the currently employed are struggling to grow in their current organization and profession.   However, there is some light at the end of the tunnel, and that light appears to be the health care marketplace.

Recent studies show that the demand for health care professionals is on the rise. One study, performed by the U.S. Bureau of Labor Statistics, documented the increase in health care employment by an average of 26,000 jobs per month in 2012.  The study predicts that this growth will continue into 2013 and onward. Stimuli for this growth includes the complete roll-out of the Affordable Care Act (ACA), as well as our country’s ever-expanding elderly population and lengthening life expectancy. We can assume this aging sector of the population will demand more medical care in the future.
While we watched the enrollment in medical school and nursing school continually decline in the last few years, it is great to see an upswing in the creation of thousands of new hospital jobs a year.  Another reason for this has been the focus on hospital business development and the resulting increase in hospital and physician practice mergers and acquisitions.

This “boom” in employment is a great pleasure not only to current health care workers, but to the bevy of future health care workers to come.

Steven Bisciello is a Health Care Services Group Director experienced in revenue enhancement programs, health care litigation, compliance and physician practice management.

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