The healthcare industry is booming in Washington. The state is home to some of the best hospitals and most cutting-edge research institutions in the country. It’s no wonder that so many people are moving here for jobs in this field! Here are ten reasons why:
The Healthcare Industry Employs More Than 15 Percent of the Workforce in Washington
Washington is known as the healthcare capital of the world. The state was an early leader in establishing a robust public health system, and today Washington’s healthcare industry employs more than 15 percent of its workforce. Over 1 million people are employed in healthcare in Washington, which means that it makes up one-sixth of all jobs statewide!
This title isn’t just for show, it’s also about money. Healthcare is a major source of employment because it generates huge amounts of tax revenue for Washington State. In 2018 alone, this industry generated 59 billion dollars in gross revenues alone — not including expenses like salaries or benefits.
For example, the average non-emergency medical transportation Washington state driver salary is $18.53 per hour. Non-emergency medical transportation drivers earn, on average, $17 per hour. The top 10% of drivers earn more than $24 per hour and the bottom 10% of drivers earn less than $13 per hour.
Healthcare Employment Is Expected to Grow Twice as Fast as All Other Jobs Over the Next Decade
The healthcare industry is one of the largest employers in Washington, with more than 500,000 jobs. The state also has a large concentration of medical and biotechnology companies, including big names like Amgen, Boeing, and Microsoft.
In fact, according to Healthcare Dive’s annual ranking of states with the most jobs per capita in healthcare — which was published on April 10 — Washington came in at number one for 2019! It was followed by Massachusetts at number two and New Jersey at number three.
Washington Has Over One-Third of the Country’s Best Hospitals
Washington has more hospitals per capita than any other state. There are more hospital beds per capita in Washington than anywhere else in the country. This abundance makes it easy for patients to find a great medical facility that treats them well and offers excellent outcomes.
A few specific examples of top-notch healthcare facilities can give you an idea of why so many people choose to travel here:
- Since 1990, Seattle Children’s Hospital has been ranked among America’s best children’s hospitals by U.S News & World Report every year. The hospital was also recognized as one of America’s Best Children’s Hospitals from 1993 to the present day.
- Virginia Mason Medical Center was named one of America’s Best Hospitals by U.S News & World Report every year since 2008.
Washington Companies Are Research Leaders in the Medical Device Industry
Washington is home to several major medical device companies, including:
- Zoll Medical Corp. is a maker of portable defibrillators and automated external defibrillators (AEDs).
- Boston Scientific Corp. makes cardiovascular stents and other devices for treating certain heart conditions.
- Colgate-Palmolive Co., manufactures toothpaste, mouthwash, dental floss, and other oral hygiene products.
Washington’s leadership in the medical device manufacturing industry has been recognized by multiple publications including Forbes.
The State Is Home to Several Major Pharmaceutical Companies, Including Pfizer and Bristol Myers Squibb
Washington is home to several major pharmaceutical companies. The largest and most well-known is Pfizer, which is headquartered in New York City but has facilities in the state. Pfizer was originally founded as a Seattle company by Charles Pfizer in 1849, so you could say that Washington has always been associated with healthcare and drug development.
Bristol Myers Squibb is another major pharmaceutical company based out of Washington. They are one of the largest global biopharmaceutical companies based on market capitalization and have become world leaders in research and development for cancer treatment drugs.
The State Is Home to Nearly 100 Biotechnology Companies
Washington is a major player in the biotechnology industry, with over 100 companies headquartered there. These biotech companies generate nearly $10 billion each year, employ tens of thousands of people, and are responsible for inventing new medical devices and technologies that help improve patient care.
This industry has grown significantly in recent years: In 2013 alone, Washington’s biotechnology sector grew by 4%, adding more than 2,000 jobs to an existing workforce that already numbers around 55,000 people.
Biotechnology Companies Employ More Than 40,000 People in Washington
Biotechnology companies employ more than 40,000 people in Washington, making it a leading state in this industry. Biotechnology is one of the fastest growing industries in Washington and has been for some time. This is partly because many biotechnology companies choose to locate their headquarters and research centers in Washington over other states.
When compared with other industries, biotechnology companies have been shown to have better chances of surviving through economic downturns. This is because they tend to be able to cut costs when needed without sacrificing research or development efforts. When we look at this data together with the fact that there are more biotechnology companies located here than in almost any other state (more than twice as many), it becomes clear why so many people come here to find their place in their careers.
Nearly 50 Percent of All National Institutes of Health (NIH) Grant Recipients
The NIH is the National Institute of Health, a federal agency that funds research and studies to improve our understanding of the human body. The NIH has more than 20,000 employees and an annual budget of $37 billion.
With so many talented researchers at universities across Washington, it’s no wonder that Washington is leading in healthcare innovation.
NIH Funding for the State Grew by Nearly 15 Percent Between 2000 and 2010
The NIH is the biggest source of federal money for research, and Washington has had a high concentration of NIH grant recipients for a long time.
The proportion of NIH grants awarded to Washingtonians has grown from 26 percent in 2000 to 35 percent in 2010. In other words, as the state’s research funding grew by 15 percent between 2000 and 2010 (the latest year with available data), so did its share of NIH awards.
This means that there are plenty of opportunities to work on new drug discoveries or improve existing treatments at local companies. And that it will continue to be an attractive place for researchers looking for jobs or grants in these fields.
Washington Receives the Highest Concentration of Funding per NIH Grant Recipient in the Country
It’s no surprise that Washington is a leader in NIH funding. As the state with the highest concentration of grant recipients, it receives more than twice as much funding per recipient as any other state. This means that local researchers can apply for grants at a higher rate and get funded more frequently than their counterparts in other states.
The Washington State University School of Medicine (WSU SOM) is an important contributor to this high concentration of NIH grant recipients, which makes it an essential part of our healthcare system here in Washington
There Are Many Reasons Why Healthcare Is Booming
As you may already know, healthcare is booming in Washington. The state has been working to increase access to healthcare and improve the quality of care for all Washingtonians. They need lots of people who are trained to deliver care, manage budgets and provide leadership. There are many opportunities for growth in this field!
If you want to be a part of the movement toward better health outcomes for all Washingtonians, then NEMT might be right up your alley! You’ll get training that will prepare you for positions as a:
- Nurse practitioner (NP) or physician assistant (PA)
- Clinical lab scientist or phlebotomist
- Medical coder/biller
We hope you’ve enjoyed this look at some of the reasons healthcare is booming in Washington. It’s an exciting time to be a part of this industry, and we’re excited to see what the future holds.