Healthcare - Arapahoe/Douglas Works! · PDF filehealthcare and wellness workers in nearly ... older population with the aging of the baby boomer generation will generate economic

HEALTHCARE

INDUSTRY PROFILEHealthcare

for Arapahoe & Douglas Counties

HEALTHCAREThe health care and wellness cluster includes a dynamic and growing group of companies that provide preventive, curative, and rehabilitative services offered by health care providers, medical and specialty hospitals, kidney dialysis centers, nutrition and weight loss facilities, fitness centers, medical spas and massage facilities, public health and education and other health care and wellness organizations. Extending beyond health care delivery, the cluster represents a continuum of businesses ranging from treating disease to a multidimensional and holistic approach that focuses on complete physical and mental health, social well-being and disease prevention.

The nine-county Metro Denver and Northern Colorado1 region is a leading healthcare and wellness hub. The region’s health services industries are truly regional, serving not only surrounding areas of Colorado but several western states ranging from Montana to New Mexico. The region has a large concentration of healthcare and wellness facilities with more than 192,290 healthcare and wellness workers in nearly 18,160 companies across the region. The healthcare and wellness cluster propels the region’s economy forward by attracting substantial resources and promoting company expansions from which patients, educational and research institutions, companies, research and development, and the community all derive significant benefits.

One of the key characteristics of the healthcare and wellness industry is its resiliency to economic cycles, which continues to drive job growth as a result of several key trends. Colorado’s health insurance landscape is undergoing rapid change, and the pace accelerated in 2014. An estimated 500,000 Coloradans are expected to gain insurance through the Affordable Care Act, driven by private insurance enrollment through Connect for Health Colorado, public insurance enrollment in Medicaid, and the expanding health benefits in both. This will also drive further collaboration and cooperation among various healthcare and wellness facilities across the region for specialized services, research, workforce, and facilities.

Another contributing factor is increasing demand for healthcare services, largely due to an aging and growing population. By 2040, Colorado’s population ages 65 and older is projected to double to 1.5 million. This demographic shift toward an older population with the aging of the baby boomer generation will generate economic activity based on increased demand for hospital and nursing care, medical services, and long-term and at-home services.

In addition, the digital healthcare infrastructure, created by electronic health records and software solutions, has greatly improved the way patient care is delivered and compensated. Improvements in the digital healthcare infrastructure have also provided the ability to share patient records with other providers. Lastly, providers are moving toward integrated healthcare to increase efficiencies and mitigate risks by establishing continuity of care. The integrated healthcare approach is changing the way individuals prevent illness and treat diseases. Improved medical practices, holistic approaches, and new intellectual and spiritual philosophies have fostered the movement toward an integrated approach to healthcare. Courtesy of Metro Denver Economic Development Corporation

National Health Rankings

Background

#8

Source: United Health Foundation

HEALTHCARE

Top Employment Concentrations by County

County 2014 JobsAverage Worker

Earnings

Denver County, CO 24,350 $62,772 0.70

Adams County, CO 19,211 $70,039 1.34

Arapahoe County, CO 18,389 $57,215 0.67

Jefferson County, CO 13,856 $53,103 0.79

Douglas County, CO 6,015 $56,986 0.67

Broomfield County, CO 932 $42,059 0.33

Clear Creek County, CO 94 $34,118 0.19

Elbert County, CO 94 $31,972 0.17

Park County, CO 47 $28, 103 0.13

Gilpin County, CO 13 $19,907 0.04

National Location Quotient

Employment Concentrations

Source: QCEW Employees, Non-QCEW Employees, Self-Employed & Extended Proprietors - EMSI 2014.2 Class of Worker

This map show where the highest concentration of employment are in the healthcare sector, by county, within the metro Denver area.

2

HEALTHCARE HEALTHCARECompetitive Wage AnalysisThis table shows employment within metro Denver in the top 20 occupations in the sector. Regional wage ranges and the median wage are shown, with yellowed cells indicating where wage offers may have to land to attract and retain qualified candidates based on labor supply (applicants per job opening).

Description

Physicians & Surgeons, All Other

Clinical, Counseling & School Psychologists

Physical Therapists

Family & General Practitioners

Dental Hygienists

Registered Nurses

Dentists, General

Radiologic Technologists

Nursing Assistants

Secretaries & Admin Assistant, Except Legal, Medical & Executive

Home Heath Aides

Licensed Practical & Licensed Vocational Nurses

Medical & Clinical Lab Technologists

Personal Care Aides

Medical & Health Services Managers

Medical Secretaries

Food Servers, Non Restaurant

Dental Assistants

Medical Assistants

Receptionist & Information Clerks

SOCCode

29-1069

19-3031

29-1123

29-1062

29-2021

29-1141

29-1021

29-2034

31-1014

43-6014

31-1011

29-2061

29-2011

39-9021

11-9111

43-6013

35-3041

31-9091

31-9092

43-4171

2014Jobs

3,134

4,475

2,445

1,744

2,100

24,413

1,520

1,871

9,570

35,812

10,776

3,537

2,095

13,441

2,164

4,692

3,562

3,417

4,976

11,699

Average Wage

$84.02

$29.66

$34.64

$77.39

$39.53

$33.97

$71.64

$29.47

$13.90

$17.74

$11.07

$22.72

$27.76

$10.00

$48.31

$16.69

$10.81

$19.23

$17.07

$15.02

AvailableApplicants

10

24

21

17

31

316

26

29

276

552

400

155

66

500

168

346

247

234

729

2,008

Annual Openings

159

242

154

72

126

1,239

79

82

530

980

673

248

105

750

142

258

179

159

291

529

ApplicantsPer Job

Openings

0.06

0.10

0.14

0.24

0.25

0.26

0.33

0.35

0.52

0.56

0.59

0.63

0.63

0.67

1.18

1.34

1.38

1.47

2.51

3.80

MedianWage

$88.75

$28.95

$33.86

$75.30

$41.00

$33.63

$70.23

$29.16

$13.56

$17.46

$10.65

$22.61

$27.81

$9.88

$45.94

$16.45

$10.25

$19.66

$16.67

$14.56

10th Percentile

Wage

$43.22

$21.46

$24.86

$35.99

$31.57

$24.51

$36.49

$20.05

$11.24

$11.49

$8.47

$18.08

$17.89

$8.32

$31.44

$12.42

$8.10

$12.71

$12.59

$9.60

25thPercentile

Wage

$62.81

$24.44

$28.97

$47.87

$37.85

$28.28

$52.56

$23.43

$12.23

$14.08

$9.52

$20.10

$22.40

$8.94

$37.38

$14.18

$8.80

$15.89

$14.42

$11.76

75thPercentile

Wage

$94.14

$35.08

$40.32

$86.83

$44.02

$40.03

$84.01

$35.20

$15.45

$21.37

$11.74

$25.86

$33.31

$10.99

$55.73

$18.57

$12.28

$22.53

$18.82

$17.72

90thPercentile

Wage

$121.44

$39.30

$47.98

$112.82

$45.84

$44.58

$98.27

$41.31

$17.40

$25.04

$15.09

$28.21

$37.04

$11.71

$66.94

$21.87

$14.18

$26.10

$22.25

$21.33

Source: QCEW Employees, Non-QCEW Employees, Self-Employed & Extended Proprietors - EMSI 2014.2 Class of Worker 4

HEALTHCARE Industry Growth

Source: QCEW Employees, Non-QCEW Employees, Self-Employed & Extended Proprietors - EMSI 2014.2 Class of Worker

2014 Jobs

AnnualGrowth

Rate

2015 Jobs

2016 Jobs

2017 Jobs

2018 Jobs

2019 Jobs

Change

NationalLocationQuotient

2012Establish-

ments

2013Establish-

ments

Establish-ment

Changefrom 2012

Ambulatory Health Care ServicesNAICS Code 621

76,171

3.6%

79,704

82,774

85,518

88,022

89,890

13,719

0.96

5,508

5,552

44

Hospitals (Private)NAICS Code 622

30,351

3.9%

31,720

32,985

34,179

35,320

36,321

5,970

0.66

39

42

3

Nursing & Residential Care FacilitiesNAICS Code 623

21,584

2.6%

22,319

22,953

23,517

24,030

24,406

2,822

0.66

376

388

12

Hospitals (State Government)

NAICS Code 902622

8,047

2.0%

8,239

8,411

8,568

8,715

8,838

791

2.38

3

3

0

Hospitals (Local Government)

NAICS Code 903622

3,596

1.2%

3,637

3,680

3,723

3,767

3,811

215

0.57

1

1

0

Totals

139,749

3.4%

145,619

150,803

155,505

159,854

163,266

23,517

0

-

-

-

This table shows projected yearly job growth through 2019, as well as establishment growth from 2012 through 2013. The National Location Quotient shows the relative concentration of employment in this industry in the metro Denver area versus the national average. So, for Hospitals, (State Government) you would read, “employment is 2.38 times more concentrated in metro Denver than the national average.”

HEALTHCARE Hidden Job Market

Weak Medium Strong

Occupation (SOC)

Avg Monthly Postings (Nov

2011 - Jan 2015

Medical & Health Services Managers 374 131 0.35

Family & General Practitioners 88 79 0.90

Registered Nurses 1,576 1,635 1.04

Dentists, General 47 65 1.38

Physical Therapists 121 168 1.39

Medical Secretaries 145 281 1.94

Radiologic Technologists 63 123 1.95

Physicians & Surgeons, All Other 65 135 2.08

Medical Assistants 140 298 2.13

Licensed Practical & Vocational Nurses 114 268 2.35

Hires Per Listing

Medical & Clinical Lab Technologists 57 142 2.49

Dental Assistants 40 197 4.93

Clinical, Counseling & School Psychologists 43 268 6.23

Secretaries & Administrative Assistants, Except Legal, Medical & Executive

373 2,356 6.32

Dental Hygienists 17 121 7.12

Receptionists & Information Clerks 117 845 7.22

Nursing Assistants 79 663 8.39

Food Servers, Non Restaurant 31 315 10.16

Home Health Aides 72 915 12.71

Personal Care Aides 63 1,210 19.21

Avg Monthly Hires (Nov 2011

- Jan 2015

This chart shows the relationship between the number of job listings versus the number of hires for each of the top occupations in the sector.

If there are more listings than hires, it suggests that the job requires specific skills and credentials, and so most openings for that occupation are listed. An example is the intensive care registered nurse. Thus, it is more important for a candidate to have the required skills, credentials and experience than merely being an effective personal networker, and the hidden job market is weak.

If there are more hires than listings, it suggests that most people in those occupations are finding jobs through networking rather than looking at job listings. These are occupations where people with effective personal networking skills have the edge and the hidden job market is strong.

Occupations with MEDIUM strength of hidden job market require both the necessary skills and credentials, and effective personal networking on the part of the job seeker.

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HEALTHCARE Top JobsTop Jobs Currently Listed in the Metro Denver, Last 120 Days

Registered NursesOccupation Code

29114100Volume

2346Volume Prior Year

2237

Medical & Healthcare Services Managers

Occupation Code11911100Volume


2237

Licensed Practical & Licensed Vocational Nurses



190

Medical SecretariesOccupation Code

43601300Volume


194

Nursing AssistantsOccupation Code

31101400Volume


231

Social & Human Services Assistants



101

Medical AssistantsOccupation Code

31909200Volume


248

Surgical Technologist Occupation Code

29205500Volume


98

Radiologic Technologist Occupation Code

29203400Volume


76

Home Health AidesOccupation Code

31101100Volume


120

Mental Health & Substance Abuse Social WorkersOccupation Code

21102300Volume


45

Critical Care NursesOccupation Code

29114103Volume


176

Computer Systems Analyst



132

Physical TherapistsOccupation Code

29112300Volume


154

Medical Records & Health Information Technicians



111

First-Line Supervisors of Office & Administrative

Support WorkersOccupation Code

43101100Volume


84

Occupational TherapistsOccupation

Code29112200Volume

92Volume Prior

Year144

Emergency Medical Technicians & Paramedics


90Volume Prior Year

42

Family & General PractitionersOccupation Code

29106200Volume

81Volume Prior Year

88

Physician AssistantOccupation Code

29107100Volume

79Volume Prior Year

76

Source: Wanted Analytics

HEALTHCARE Staffing Patterns

Postsecondarynon-degree

Nursing AssistantsSOC Code: 31-1014

2014 Jobs: 8,2472019 Jobs: 9,688Change: 1,441%Change: 17%

%of Industry: 5.9%2013 Median Hourly

Earnings: $13.56

Medical AssistantsSOC Code: 31-9092

2014 Jobs: 4,5892019 Jobs: 5,438

Change: 849%Change: 19%


Earnings: $16.67

Dental AssistantsSOC Code: 31-9091

2014 Jobs: 3,2652019 Jobs: 3.663



Earnings: $19.66

Licensed Practical & Vocational NursesSOC Code: 29-2061

2014 Jobs: 2,7102019 Jobs: 3,348



Earnings: $22.61

High School or equivalent

Medical SecretariesSOC Code: 43-6013

2014 Jobs: 4,3902019 Jobs: 5,309



Earnings: $16.45

Receptionists & Information Clerks

SOC Code: 43-41712014 Jobs: 4,2562019 Jobs: 4,935


%of Industry: 3%2013 Median Hourly

Earnings: $14.56

Secretaries & Administrative

Assistants, Except Legal, Medical & Executive




Earnings: $17.46

Less than high school

Home Health AidesSOC Code: 31-1011

2014 Jobs: 7,0322019 Jobs: 8,420Change: 1,388%Change: 20%


Earnings: $10.65

Personal Care AidesSOC Code: 39-9021

2014 Jobs: 3,8462019 Jobs: 4,747



Earnings: $9.88

Food Servers, Nonrestaurant




Earnings: $10.25

Bachelor’sDegree

Medical & Clinical Lab Technologists




Earnings: $27.81

Medical & Health Services Managers




Earnings: $45.94

Associate’s Degree

Registered NursesSOC Code: 29-11412014 Jobs: 20,1342019 Jobs: 23,344

Change: 3,210%Change: 16%


Earnings: $33.63

Dental HygienistsSOC Code: 29-2021

2014 Jobs: 2,0592019 Jobs: 2,387



Earnings: $41.00

Radiologic Technologists




Earnings: $29.16

Doctoral or Professional

Degree

Clinical, Counseling & School Psychologists




Earnings: $28.95

Physicians & Surgeons, All Other




Earnings: $88.75

Physical TherapistsSOC Code: 29-1123

2014 Jobs: 2,1682019 Jobs: 2,555



Earnings: $33.86

Family & General Practitioners




Earnings: $75.30

Dentists, GeneralSOC Code: 29-1021

2014 Jobs: 1,4882019 Jobs: 1,668



Earnings: $70.23

This shows growth/decline for the top 20 occupations within the industry, sorted by educational level, as well as the percent of total employment within the industry represented by each occupation. The thing to be mindful of is that the change by occupation merely reflects the total number of jobs at the beginning and end of the period. Even if a job may decline by 100 positions between 2014 and 2019, there may be a much larger number of annual openings, based on retirements, career changes and so forth.

Source: QCEW Employees, Non-QCEW Employees, Self-Employed & Extended Proprietors - EMSI 2014.2 Class of Worker8

HEALTHCARE Top Ten

Skills1 Critical Care

2 Pediatrics

3 Geriatrics

4 Bilingual

5 Behavioral Health

6 Cardiac Care

7 Quality Assurance (QA)

8 Emergency Room

9 Patient Electronic Medical Records

10 Quality Control

Certifications1 Certified Registered Nurse (RN)

2 Basic Life Support (BLS)

3 Advanced Cardiac Life Support (ACLS)

4 Cardiopulmonary Resuscitation (CPR)

5 Licensed Practical Nurse (LPN)

6 Occupational Safety & Health Administration (OSHA)

7 Certified in Nursing Administration (CNA)

8 Pediatric Advanced Life Support (PALS)

9 American Nurses Credentialing Center (ANCC)

10 Certified Practical Nurse, Long-term care (CPNL, LTC)

Companies1 Centura Health

2 HCA-The Healthcare Company

3 SCL Health System, Inc.

4 Denver Health

5 PSA Healthcare

6 Catholic Health Initiatives

7 Health One

8 Life Care Centers of Amercia

9 DaVita, Inc.

10 Banner Health

Online Listing Sources1 US.jobs

2 Jobing

3 JobNetwork

4 CareerBoard

5 CareerBuilder

6 HealthJobsNationwide

7 JobMonkey

8 TweetMyJobs

9 Nurse.com

10 CareerLink

Below are the top ten skills, certifications, companies and online listing resources in the healthcare industry.


HEALTHCARE

25-34 23.4%

4.4%14-18

19-24 18.4%

35-44 23.4%

45-54 23.2%

55-64 6.7%

65+ 0.6%

This age band graph shows the percentage of each age group currently in the healthcare industry workforce.

Age Bands & Volume

Listing

Age Bands

This graph shows the week over week volume of listings in Metro Denver

Source: EMSI Complete Employment 2014.2


0100200300400500600700800900

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HEALTHCARE

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Healthcare - Arapahoe/Douglas Works! · PDF filehealthcare and wellness workers in nearly ... older population with the aging of the baby boomer generation will generate economic