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Automation Risk Analysis

Will “Healthcare Economics Consultant” be Automated?

Historical Context: Oxford Study (2013)

Ranked #282 of 702. Estimated risk: 43.0%

Directly assessed by researchers as unlikely to be automatable
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AI Exposure Risk

63%

“Healthcare Economics Consultant” will maybe be replaced by AI.

Based on the cognitive demands, communication requirements, and logical reasoning intrinsic to this occupation according to O*NET data, we project a 63% probability of disruption by generative AI and Large Language Models.

Automation & Robot Risk

15%

“Healthcare Economics Consultant” will almost certainly not be replaced by robots.

Evaluating the physical dexterity, repetitive motion tasks, and manual labor associated with this role, our analysis indicates a 15% likelihood of substitution by advanced robotics systems.

Personal & Financial Insights

Every occupation has a unique profile. For Economists, the Bureau of Labor Statistics and O*NET classify the day-to-day work broadly as: Conduct research, prepare reports, or formulate plans to address economic problems related to the production and distribution of goods and services or monetary and fiscal policy. May collect and process economic and statistical data using sampling techniques and econometric methods.

Avg. Annual Salary $130,910
Avg. Hourly Wage $62.94
Available Jobs (US) 15,880
Job Title & Hierarchy Code (SOC) Economists #19-3011
Wage vs. National Median
ℹ️

Data is based on the reference occupation: “Economists”

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Core Skills & Abilities

  • Teach theories, principles, and methods of economics.

  • Testify at regulatory or legislative hearings concerning the estimated effects of changes in legislation or public policy, and present recommendations based on cost-benefit analyses.

  • Explain economic impact of policies to the public.

  • Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques.

  • Provide litigation support, such as writing reports for expert testimony or testifying as an expert witness.

  • Conduct research on economic issues, and disseminate research findings through technical reports or scientific articles in journals.

  • Study the socioeconomic impacts of new public policies, such as proposed legislation, taxes, services, and regulations.

  • Forecast production and consumption of renewable resources and supply, consumption, and depletion of non-renewable resources.

  • Formulate recommendations, policies, or plans to solve economic problems or to interpret markets.

  • Supervise research projects and students' study projects.

  • Provide advice and consultation on economic relationships to businesses, public and private agencies, and other employers.

  • Review documents written by others.

  • Develop economic guidelines and standards, and prepare points of view used in forecasting trends and formulating economic policy.

  • Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.

Technologies & Software

  • Quantitative Micro Software EViews
  • Kimi (Moonshot AI)
  • Claude (Anthropic)
  • Microsoft Outlook
  • Mozilla Firefox
  • The MathWorks MATLAB
  • MacKichan Software Scientific Notebook
  • Microsoft PowerPoint
  • Estima Regression Analysis of Time Series RATS
  • LaTeX
  • SAS
  • Camfit Data Limited Microfit
  • UNIX
  • Llama (Meta)
  • UNIX Shell
  • MySQL
  • IBM Lotus 1-2-3
  • Mistral AI (chat/models)
  • Corel QuattroPro
  • IBM SPSS Statistics
  • ESRI ArcView
  • Semantic Scholar AI
  • Microsoft Excel
  • Gemini (Google)
  • Formula translation/translator FORTRAN
  • Microsoft Visual Basic for Applications VBA
  • Wolfram Research Mathematica
  • Tableau
  • Statistical software
  • Grok (xAI)
  • Econometric Software LIMDEP
  • Aptech Systems GAUSS
  • Microsoft Office software
  • Microsoft Access
  • C++
  • Oracle Java
  • Microsoft SQL Server
  • Insightful S-PLUS
  • Corel WordPerfect Office Suite
  • Web browser software
  • Mathsoft Mathcad
  • Gemini for Workspace
  • Microsoft Visual C# .NET
  • R
  • Structured query language SQL
  • DeepSeek
  • Nova (Amazon)
  • Global Insight AREMOS
  • Microsoft Power BI
  • Microsoft Word
  • Scite AI
  • Minitab
  • Python
  • NotebookLM (Google)
  • Estimates Delivery System EDS
  • Teradata Database
  • Elicit
  • Microsoft Internet Explorer
  • Microsoft Visual Basic
  • StataCorp Stata
  • Qwen (Alibaba)
  • Perplexity AI
  • Maplesoft Maple
  • Mistral (Mistral AI)
  • TreeAge Software TreeAge Pro
  • MediaWiki
  • Palisade @Risk
  • Consensus
  • ChatGPT (OpenAI)
  • Timberlake Consultants OxMetrics
  • Personal computers
  • 10-key calculators
  • Desktop computers
  • Data scanners
  • Maintrame computers
  • Laptop computers