The U.S. Department of Labor projects the allied healthcare sector will grow a remarkable 19% from 2014 to 2024, adding about 2.3 million new jobs in all—more jobs than any other group of occupations. Significant business opportunities for independent agents include the allied healthcare industry which is composed of patient clinical testing (diagnostic) and treatment (therapeutic) patient care and support services provided outside of a hospital or nursing home.
This dynamic and growing industry represents opportunity for independent insurance agencies that currently do not serve the outpatient healthcare market.
More independent agencies should consider entering this market. Although the allied health care industry may appear complex and complicated for an independent agent not well versed in health care, "by starting small, enhancing knowledge and dedicating staff resources, today's less complex health care entities can be a steppingstone to larger accounts—offering substantial premium commission income in future," says Maureen Maughan, CNA assistant vice president and industry leader, Allied Healthcare.
Maureen Maughan, CNA Assistant Vice President and Industry Leader, Allied Healthcare Facilities, and Alice Epstein, CNA Allied Healthcare Facilities Risk Control were recently featured in an Independent Agent article entitled Opportunity: Professional Liability for Allied Health Care Organizations.