The Rising Healthcare Industry in the Philippines

B THE RISING Healthcare Industry This infographic illustrates the reasons for which the healthcare industry is thriving today. Source: http://www.philstar.com/headlines/2013/02/26/913217/dole-advises-nurses-seek-alternative-jobs Boom of the Nursing Industry in the Philippines 0000 Late 1990s The largest group of healthcare providers in the Philippines consists of nurses. Poor working conditions and global nursing shortages motivated Philippine nursing graduates to seek employment overseas. Countries employing nurses from the Philippines: The Philippines is the largest exporter of nurses worldwide. Alternative medical careers for Uhemployed nurses in the Philippines: Regulations on overseas employment have gotten stricter and international economies are suffering from the recession and debt crises. Newly licensed and unemployed nurses in the Philippines are advised to seek alternative careers in the healthcare industry as they wait for job openings in medical facilities. And with the growing trend in the healthcare information management outsourcing industry, there is an abundance of career opportunities for nursing graduates. Medical Transcriptionists Medical Secretaries Medical Coders and Billers Medical Assistants Clinical Research Associates Medical Representatives Clinical Appeals Specialists Outsourcing hubs in the Philippines: Metro Manila, Cebu, Dumaguete, Davao, lloilo, Bacolod, and lligan The offshoring industry in the Philippines continues to expand and BPO revenues are expected to grow by 20% in the next five years. Alternative employment available to nursing graduates provides reasonable compensation. Starting pay of healthcare outsourcing jobs in the Philippines: P14,000-P18,000 Basic pay of clinical appeals specialists employed in the BPO industry: P20,000-P40,000 Minimum salary grade level of nurses working in Philippine government hospitals: P15,000-P16,000 MICROSOURCING