Tag: healthcare

Medical Staffing Shortage: A Case of Supply and Demand

For my first blog post, I thought I would delve into something that is not only relevant to Maryland’s healthcare system and economy, but also significant on a worldwide scale: medical staffing. There is a major global shortage of healthcare workers, and one that will become more severe as the population grows and ages. The World Health Organization has estimated that by 2035 there will be a global deficit of 12.9 million skilled healthcare professionals, compared to a 2013 shortage estimate of 7.2 million. In the U.S., the Census estimates that the number of Americans aged 65 years or...

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Top Occupations for Growth in Baltimore

At the Towson University Regional Economic Studies Institute’s (RESI) Maryland Workforce Outlook Forum this spring, RESI’s Chief Economist Dr. Daraius Irani (you can find his blog posts here) presented RESI’s occupational forecast for the state of Maryland. This forecast saw job growth in a number of professions, particularly for those related to the healthcare and construction industries. Based on audience interest regarding these occupation projections at the Forum, we decided to develop an occupational forecast at a finer level and examine Baltimore City. RESI uses the in-house developed PROM tool drawing upon data from the industry-recognized REMI model and...

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Six Reasons to Consider a Career in Medical Coding

The Center for Professional Studies at Towson University delivers professional certification courses that address critical skills gaps in high growth industries. One career that is forecast to grow at a rate of 15% a year for the next 10 years is medical coding. But did you know that Maryland ranks as one of the top paying states for medical coders with an hourly wage of $21.96 and an annual wage of $45,670? More than that, the Baltimore-Towson area ranks among the highest employment levels in the US. A Career in Medical Coding Medical coders work with confidential patient information....

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The Economic Outlook of Registered Nurses in Maryland

Everybody Likes Nurses . . . Nurses USA In June during the REMI webinar, I discussed the potential labor supply shortage for four-year degree workers in the construction industry. At the time, I suggested other occupations in Maryland that could experience this problem in the next few years. Naturally, my first thought was registered nurses (RNs)—many hospitals are beginning to require nurses to have four-year degrees and more training. Another growing issue is that the baby boomer population is now reaching retirement age. These issues, combined with the increase in health insurance access from the Affordable Care Act (ACA),...

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