Healthcare News & Insights

Healthcare projected to be major growth industry

A new study from the Center for Health Workforce Studies (CHWS) projects that by 2020 one out of every nine jobs will be in health care. And that by 2020 more than 7 million new workers will be needed for new jobs and replacing retiring workers.

That bodes well for healthcare executives looking to keep their facilities staffed with top-notch people. However, while the CHWS study expects healthcare employment to grow faster than general employment, it sees a hiring shift moving away from hospitals, and toward home care and ambulatory settings.

Reason: More emphasis is being placed on preventive care and reduced admissions.

“For a long time, acute-care services tended to trump everything else, and that seems to be changing,” said Jean Moore, director of CHWS at the State University of New York at Albany. “There’s a growing awareness that it’s penny-wise and pound-foolish not to pay attention to preventive and primary care.”

But as baby boomers age and need additional inpatient care, hospitals will still need to grow their workforce by nearly a million between 2010 and 2020 – a 17% jump.

Here are other projected healthcare workforce projections from the study:

  • offices of doctors and other health-care professionals are projected to hire 1.4 million people by 2020, a 36% increase
  • home healthcare jobs will increase by 872,000, an 81% growth, and
  • jobs related to ambulatory care will grow by 2.7 million, a 44% increase.

Another finding of the study that should interest healthcare executives: While there was a reduction in administrative healthcare jobs during the recession, hospitals are now hiring more administrative staff to deal with all of the regulation required by the 2010 Affordable Care Act.

Is your facility experiencing any kind of hiring resurgence? Share what you’re finding to be the hottest jobs in the comment area below.

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