Those starting out in medical coding, billing, and management may question their move at times as they find it difficult to find a job without a depth of experience. But you may want to keep in mind that the healthcare sector created one in seven new jobs in the US in 2018 per preliminary data that was released by the Bureau of Labor Statistics (BLS).

Healthcare is Fertile Job Market

Although many of those jobs are clinically related, there are still a lot of those jobs in the support ranks, as in coding, billing, compliance, management, etc. So, when looking for a new job, you need not look to fill a job that has recently become vacant, you can look to fill a job that has been created due to this large expansion in demand for healthcare workers. We work in an economic segment that is growing significantly and, although some of the work can be off-shored, much of the work must be performed in the United States, assuring a ready supply of open opportunities.

Healthcare Data from BLS

New data from the Bureau of Labor Statistics (BLS) projections  indicate that healthcare sector employment will grow 18 percent between 2016 and 2026, which is considered “much faster than the average for all occupations adding about 2.4 million new jobs”.

The BLS added that “This projected growth is mainly due to an aging population leading to greater demand for healthcare services”.

Going to the BLS site of Healthcare Occupations, however, it appears that they are missing a large sector. They only list our support under one category entitled “Medical Records and Health Information Technicians”. It appears that the BLS is years behind the industry, leaving out compliance professionals, coders, auditors, educators, managers, billers, etc. It appears that they may have even under estimated the hiring potential for our industry.