Is Healthcare a Stable Industry?

Our health is what is most important, and healthcare is financially supported by the public. Due to the aging population, the healthcare industry is becoming the largest employer in the United States. According to The Atlantic, one-quarter of the workforce will be older than 55 by 2050. With all the money spent on Medicare and Medicaid, subsidized private insurances and healthcare benefits for government employees and veterans, health-care employment will thrive for decades.

This growing population will spark a huge demand for healthcare professionals. Companies that deal with medical services, medical equipment, drugs, medical insurance, or provide healthcare to patients are what make up the healthcare sector. According to Investopedia the healthcare sector accounts for a fifth of overall gross domestic products, which is one of the primary indicators used to gauge the health of a country’s economy. The U.S. Bureau of Labor Statistics stated, “Healthcare industries and their associated occupations are expected to account for a large share of new jobs projected through 2026.” There’s no better time than today to get involved in healthcare to gain the benefits of the industry. If you’re not sure if healthcare is a good fit for you, a career in health care also has a plethora of benefits for the mind, body, and spirit:

MIND: A career in health care and assisted living provides you with an invaluable sense of perspective.

BODY: Beyond everything else, a career in health care allows you to make a positive impact on an individual’s life.

SPIRIT: Working in senior care allows you to make a difference, while giving back to the generation that paved the way for many of the freedoms you enjoy today.

As the life expectancy continues to rise, employment in home healthcare and residential care will increase as well. Nursing care, personal care, and physical therapy are flexible careers choices that can be performed in people’s homes. Patients who need long-term therapy or care are usually those who survive chronic illnesses due to advances in medical technology. The use of new technology and medical findings allows for previously unknown methods to treat conditions that were once untreatable. Careers in healthcare frequently need personal interaction, which is difficult to replace with automated machines.

As other careers in different industries become occupied, professionals may find it easier to kick start their careers in the healthcare industry. There are also opportunities for non-healthcare professionals, such as accountants, marketers or recruiters, to benefit from this change in the aging population by getting involved with the nation’s most stable sector. Consider starting your career at Poet’s Walk, a Spring Hills Memory Care Community, we offer great avenues for personal and professional development in an incredibly rewarding field.