How to Manage and Adapt Your Healthcare Career During a Recession

Reading time: 4 minutes

Although healthcare is one of the most recession-proof industries to work in, it is not completely recession-proof. As the recession deepens and high unemployment remains a reality, even medical professionals may need to consider making some adjustments to help maintain stability, security and financial sustainability during a recession or downturn. economy.

Depending on the type of role you are in, the degree to which you need to adapt your career and the methods you can use to adapt can vary. Below are some ideas for various healthcare careers – you might notice a common theme running through them all: flexibility.

If you are already a salaried doctor, especially a doctor who is employed by a government institution such as a public health organization or a university, you are probably already in as recession-proof a job as you could find. Therefore, you may just want to stay put and ride out the recession, even if you’re feeling restless.

Adapting Your Nursing Career During a Recession

For nurses, most of whom are employed by a hospital, doctor’s office or other business, coping strategies in a recession include a variety of tactics. Furthering your education is always a great way to increase your job opportunities. If you have an associate’s degree, you might want to start working toward your bachelor’s degree, or if you have a BSN, you might even want to start working toward an MSN.

Hospital jobs have been hardest hit by the recession, so hospital nurses may need to turn to academic or government roles, or jobs in doctors’ offices, nursing homes or health care at home, all of which are growing.

Also, demand for travel nurses has slowed in some areas, so if you’re used to working as a travel nurse, you may need to look for something more permanent.

Finally, if you’re having trouble finding a nursing job, it may be due to the area you’re in—if you’re in a metro area that’s saturated with nurses or has had school closures. hospitals, the market can be flooded with applicants. Therefore, you may need to consider moving to an area where there is more demand, if that is realistic for you.

Finally, another way to open up your options is to consider new specialty areas within nursing. Advanced practice and mid-level nurses will be in demand in primary care and surgical specialties, for example. If you have always worked in dermatology but cannot find a position in dermatology, for example, you may need to consider another specialty, as dermatology is one of the most competitive due to salary and schedule. .

Adapting doctors’ careers to a recession

As a doctor, the type of role you occupy will dictate how you adapt your career. If you are in private practice, there are several things you may want to try:

  • Reduce overhead – Physicians in private practice may need to look for ways to cut expenses, whether that means cutting staff hours, cutting supplies, or finding new vendors who may offer discounts.
  • New procedures – there may be a new procedure or service you could learn, and getting the extra certification could help increase your reimbursements and income.
  • Increase the number of patients – try to market your practice to the working population to increase your customer base of paying patients.

If none of the above solutions are feasible for you, if you are already limited to the number of patients, or if there are no more patients in your area, you may need to consider a more drastic change. Moving to an area where there is less competition for patients can help, as long as there are enough patients to build a profitable practice. Additionally, you can be acquired by a local hospital or look for a job opportunity at a hospital in your area.

Adjusting your paramedical or other healthcare career

For all other medical professionals, there are a few common tactics that can help you advance your career or find a new job if you’ve been downsized:

  • Move – broaden your options by looking outside your immediate area if you are having difficulty finding a job in a more saturated market.
  • New skills and certifications – if there is a new imaging machine or equipment that you haven’t learned to use, or a new procedure that you might learn, now is a great time to get the necessary training. The more skills and certifications you have, the more marketable you are and the less likely you are to be fired.
  • Moonlight – if your employer allows it, do undeclared work in a field that is not directly competitive. Some ideas are consulting, writing, training, shift work, or other related jobs you could do where you use your existing skills. By taking a second job, you are protecting yourself if something were to happen to your main/full-time job. In the event of layoffs or downsizing, you would then have another gig as a safety net, which could even then become your new main earning opportunity.

About the Author: Alissa Zucker is a writer and works for the essay writing service. She is interested in reading classic and psychological books which give her inspiration to write her own articles and short stories.


About Author

Comments are closed.