Skip to content Skip to navigation

Brookings: Healthcare is the Fastest-Growing Industry in the U.S.

July 8, 2013
by Rajiv Leventhal
| Reprints

Over the past decade, the healthcare industry has added 2.6 million jobs nationwide, making it the fastest growing industry in the U.S., according to a recent report from the Brookings Institution.

The healthcare sector’s 22.7 percent employment growth rate over that period significantly outstripped the 2.1 percent employment growth rate in all other industries. The industry employs about 14.5 million people and accounts for 10.3 percent of jobs nationally in occupations that span the education, skills, and earnings continuum, according to the report.

Other findings from the report include:

  • Across the 100 largest metropolitan areas, the healthcare industry accounts for more than one in every 10 jobs. That share varies from just 7 percent in the Las Vegas metro area to 20 percent in the McAllen, Tx. metro area. Most healthcare-intensive metro areas are found in the Northeast and industrial Midwest, and in areas of Florida with large senior populations.
  • In every one of the 100 largest metro areas, healthcare today represents a higher share of jobs than before the recession struck. Overall, healthcare has accounted for 13 percent of total job growth in the 100 metro areas over the course of the employment recovery. In 11 metro areas that span every major U.S. region, healthcare has accounted for more than 25 percent of that job growth.
  • The occupational distribution of healthcare workers does not dramatically differ across metro areas, although healthcare support workers have the greatest variation between places. Healthcare practitioners (such as doctors, nurses, and dentists) on average account for 3.5 percent of all workers across the 100 largest metro areas, ranging from a low of 2.4 percent of workers up to 5.1 percent in individual metro areas. Healthcare technologists (such as lab technicians, sonographers, Magnetic Resonance Imaging technologists, paramedics, and medical records technicians) represent on average 2 percent of all workers across the 100 largest metro areas, ranging from 1.2 percent to 3.2 percent. Healthcare support workers (such as nursing assistants and home health aides) account for 2.9 percent of all workers across the 100 largest metro areas and have the largest range among healthcare occupations, from a low of 1.9 percent to a high of 5.4 percent.
  • Wages for healthcare workers vary among occupation types and across metro areas. Practitioners have the highest earnings among healthcare workers and earn nearly double the average worker across all metropolitan areas. Healthcare technologists show considerable variation in their earning power across metro areas, earning more than the average worker in 35 of the 100 largest metro areas. Healthcare support workers, on the other hand, earn 37 percent less on average than all workers in large metropolitan areas. On average, healthcare wages track general wage levels in a metro area.
Topics

Comments

Great article. I've read that the Life Sciences and Health sector is becoming more and more important. In fact, these are one of the prosperous sectors! SIRE Life Sciences has written an article on this, see here - http://sirelifesciences.maussen.com/104511-topsector-life-sciences-health-is-onmisbaar-voor-een-gezond-en-welvarend-nederland. They provide a lot of interesting articles about the Life Sciences industry, you can find them on the website - http://sirelifesciences.maussen.com/.

Valentines gift ideas our full guide what to choose. valentinesgiftideas.org

Pages

News

HIMSS Study Finds Gender-Based Pay Gaps in Health IT Widened in the Past 10 Years

July 27, 2016
According to a longitudinal assessment by HIMSS, female health IT workers in the U.S. have been consistently paid less over the past 10 years than their male peers, with the pay gap disparity worsening over time.

CMS Releases Updated Quality Star Ratings for Hospitals

July 27, 2016
After much anticipation, the Centers for Medicare & Medicaid Services (CMS) has finally published the first release of its overall hospital quality star ratings on the agency’s Hospital Compare website.

AMA, Omada Health and Intermountain Healthcare Collaborate on Diabetes Prevention Initiative

July 27, 2016
The American Medical Association, digital health company Omada Health, and Salt Lake City-based Intermountain Healthcare are collaborating on an evidence-based online diabetes prevention program with the aim of reducing the incidence of type 2 diabetes.

Ransomware Now Most Profitable Malware Type, Weaker Security Makes Healthcare a Target, Research Says

July 27, 2016
Cisco recently released its 2016 Midyear Cybersecurity Report and, according to its latest threat intelligence and trend analyses, while ransomware is not a new threat, it has evolved to become “the most profitable malware type in history.”

Report: 88 Percent of All Ransomware Is Detected in Healthcare Industry

July 27, 2016
A report from Omaha, Neb.-based Solutionary, a cybersecurity service provider, found that 88 percent of all ransomware detected in the second quarter of 2016 was within the healthcare industry.

ONC Data Reveals Top Vendors Used for Meaningful Use Program

July 27, 2016
The Office of the National Coordinator for Health Information Technology (ONC) has released data for the health IT vendors most used by providers participating in the Medicare EHR Incentive Program.

Survey: Majority of Hospitals Face Challenges, Lack of Readiness for eCQM Data Reporting

July 26, 2016
More than three-fourths of hospitals, or 78 percent, still have work ahead of them in order to successfully submit electronic clinical quality measures (eCQM) data as part of the Hospital Inpatient Quality Reporting (IQR) program by the Feb. 28, 2017 deadline.

HHS to Fund Cybersecurity Information Sharing Organization

July 26, 2016
The U.S. Department of Health and Human Services plans to fund a cybersecurity information sharing and analysis organization for the healthcare and public health sector.

Study: Medical Students Use EHRs to Track Former Patients

July 26, 2016
Medical students are continually using electronic health records (EHRs) in training, using the technology to track former patients after they have left one’s direct care, according to new research published in JAMA Internal Medicine.

NewYork-Presbyterian Launches Enterprise-Wide Digital Health Services Platform

July 26, 2016
NewYork-Presbyterian, a New York City-based integrated healthcare delivery system comprised of nine hospitals, is rolling out a new suite of digital health services, NYP OnDemand, with a particular focus on expanded telehealth services.

athenahealth Says it will Cover MIPS Payment Penalties for Customers

July 25, 2016
athenahealth has said that if customers using the company’s athenaOne services get hit with Merit-Based Incentive Payment System (MIPS) payment penalties, it will cover the financial consequences for those unsuccessful practices.

OIG Study Finds 60 Percent of Hospitals Experienced EHR Disruptions, Highlights Importance of Contingency Plans

July 25, 2016
Close to 60 percent of hospitals have experienced an unplanned disruption to their EHR systems and a quarter of those hospitals experienced delays in patient care as a result, according to a study released by the HHS Office of Inspector General (OIG).

University of Mississippi Medical Center Agrees to Pay $2.75M to Settle Potential HIPAA Violations

July 25, 2016
The University of Mississippi Medical Center (UMMC) has signed a resolution agreement with the U.S. Department of Health and Human Services Office for Civil Rights (OCR) following an investigation of a data breach of unsecured PHI that occurred in 2013.

HHS Grants $36M in Funding for Health IT Improvement

July 25, 2016
Health and Human Services (HHS) Secretary Sylvia M. Burwell has announced more than $36 million in funding for 50 Health Center Controlled Networks (HCCNs) that will aim to greatly increase health IT support across the country.

Study: Data-Driven Physiologic Alarm Parameters Can Help Reduce Alarm Fatigue

July 22, 2016
Alarm fatigue from clinical decision support systems is a significant hazard in hospitals. In a recent study, researchers found that tailoring bedside monitor alarm limits using data-driven physiologic parameters can mitigate alarm fatigue.

Pages