Tuesday June 11, 2013
A new report by MedReps.com, an online job search site focused on medical representative sales jobs and related industries, revealed the average salaries of medical sales representatives nationwide.
The average total income for medical sales professionals is about $133,654, according to the MedReps.com 2013 salary survey.
Additional highlights from the survey include:
Age impacts earnings. Younger professionals often earn more than older ones, when years of experience are equal.
Experience matters more than age. Income increases significantly between the ages of 20-30, and 31-40 but then stays relatively flat among all other age groups. Income steadily rises with years of experience.
Medical manufacturers' reps earn more than distributors' reps, at a rate of $141,958 to $112, 264, on average.
By product, medical sales reps in home health care earned the least ($93,788), with sales representatives in health IT, medical device, and biotech topping the earnings list at $149,113-$164,783 in total average income including base salary plus commissions.
See the complete report at MedReps.com.
Friday June 7, 2013
Physicians' Offices, Home Health Care Added Jobs
May was one of the healthcare industry's weakest months in recent history for job growth, according to today's report from the Bureau of Labor Statistics.
Healthcare experienced net growth of only 11,000 jobs, which is well below the industry's average growth of 24,000 new jobs monthly.
Home health care had the strongest growth in May with 7,000 new jobs, while outpatient care centers added 3,500 jobs. Physician offices added 4,7oo new jobs in May.
Job growth in inpatient care lagged significantly, with losses in hospital jobs, (-6,000), and only 1,300 jobs added in nursing and residential care facilities.
Despite slow job growth in May, the unemployment rate for the healthcare industry is 4.8 percent, down from 5.3 percent this time last year. The healthcare industry's unemployment rate remains lower than the general national unemployment rate of 7.6 percent, which is unchanged from the previous month.
Tuesday June 4, 2013
Did you know that even healthcare recruiters have our own special day? Since 1991, the first Tuesday in June has been designated as National Healthcare Recruiter Recognition Day, so today's the day.
I have worked in the recruiting industry since 2001, primarily in healthcare and physician recruiting. In my opinion, medical recruiting is one of the most challenging of all recruiting roles, due to the high demand for healthcare professionals, particularly in clinical positions.
Although a career as a medical recruiter certainly has its ups and downs, the healthcare recruiting field is a great place to be, especially over the past couple of years as the recession and economic slump impacted so many jobs. Throughout all of the months of high unemployment and job cuts in other industries, healthcare continued to add jobs monthly.
In addition to the demand and job security healthcare recruiting offers, the role of healthcare recruiter offers a lot of variety and interesting workdays, consulting with people all over the country to help them change their careers and their lives. While it may not be quite as exciting as saving lives or curing patients, it's also rewarding as a medical recruiter to bring needed healthcare to areas that otherwise may not have access to quality care, and helping medical professionals realize their career goals too!
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Friday May 31, 2013
Legal Careers in Healthcare Grow as Demand for Medical Care Grows
Sometimes patients have bad outcomes. At times these outcomes may even be due to a mistake made by a physician, which may be serious enough to be detrimental to a patient's health and well-being. For example, if a physician operates on the wrong limb, misdiagnoses a patient, or makes any deviation from the reasonable standard of care that causes severe harm or death of a patient, this is known as medical malpractice.
Once the medical malpractice or mistake is committed, or suspected, typically the patient, or family of the patient will then file a claim against the physician's malpractice insurance policy. If it is determined that the patient's claim is founded, a court battle could ensue as the physician tries to defend his or her actions and avoid a costly settlement or judgment that could also impact the future of the physician's career.
Medical malpractice attorneys represent patients, patients' families, or physicians or the insurance companies in these legal cases. Working as a medical malpractice attorney is one of many medical-legal careers that combine the healthcare arena with the legal field or law practice.
If you are passionate about the field of medicine, but also have an interest in law practice or legal issues, a hybrid healthcare/law career that combines the disciplines of the healthcare industry and the legal field may be an ideal option for you.