The Association of Schools of Allied Health Professionals (ASAHP) has a number of facts that highlight the desirability of the allied health/specified medical market as an interesting market to target as insurance professionals.
The ASAHP defines allied health professionals as the segment of the workforce that delivers services involving the identification, evaluation and prevention of diseases and disorders; dietary and nutrition services; and rehabilitation and health systems management.
Their definition includes: dental hygienists, diagnostic medical sonographers, dietitians, medical technologists, occupational therapists, physical therapists, radiographers, respiratory therapists, and speech language pathologists and they claim allied health professional comprise roughly 60% of the healthcare workforce.
Additional interesting facts include:
- Healthcare is 18% of the U.S. economy, twice as high as in other countries
- The demand for healthcare workers between now and 2020 will grow nearly twice as fast as the national economy (Georgetown University Center on Education and the Workforce, 2012)
- Jobs in the industry will grow from 15.6 million to 19.8 million between 2010 and 2020
- Increasing percentages of healthcare jobs require bachelors and graduate degrees
Clearly, this is a large, growing segment of the economy. Agencies and producers that target this market will be setting themselves up for ever growing client base that needs specialized service.
Allied Health / Specified Medical is one of our areas of expertise. We represent the leading carriers and know the ins and outs of insuring these risks. If you have an account or a renewal coming up, take a moment to give us a call to discuss it. We can help you craft a professional plan that is economical and thorough.
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