Health care sector is one of the world’s biggest and fastest-developing sectors, consuming more than 12 % of GDP of most developed countries. Most of the private sector jobs over the past 10 years came from healthcare sector and the sector continues to develop faster than most other industry segments.
Healthcare is the biggest, fastest growing industry in United States. The U.S. Healthcare system accounts for over $3 trillion in yearly expenditures, which is almost 20% of US Gross Domestic Product (GDP). With respect to economic experts in the Office of the Actuary at the Centers for Medicare and Medicaid Services, investment is estimated to increase at a yearly average rate of 5.9% through 2020, which is 1.2% greater than US projected GDP development. By 2020, healthcare investing is estimated to go beyond $4.5 trillion.
Training and certification in Healthcare management can take job aspirants into diverse and fascinating directions. For life science graduates with training and certification in healthcare management, there are outstanding career prospects. People pursuing healthcare management professions have fantastic earning potential. For graduate, starting pays generally range from $60,000 to $120,000 per annum, based upon prior education and knowledge. Senior healthcare professionals with 2-4 years can earn $220,000 or more. Singapore has set up powerful fundamentals in healthcare quality, having instituted the globe’s 5th best healthcare infrastructure and spending more than 8% of GDP on healthcare and offering universal coverage for people in Singapore with multiple levels of care. The standard of medical practice in Singapore is amongst the most efficient and advanced in the world. The Joint Commission International (JCI) has currently approved more than 15 hospitals and 4 medical centres in Singapore.
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