Healthcare administration is an excellent career choice for those seeking challenging, meaningful work in a growing field. … Healthcare administration is one of the fastest-growing occupations in the nation, with high median salaries, and offers plenty of opportunity to those looking to grow professionally.
Are healthcare administrators in high demand?
Demand for healthcare administrators is currently growing at a staggering rate. Experts at the Bureau of Labor Statistics plan to see 17 percent growth in the employment levels of medical administrators in the United States through 2024.
What kind of jobs can I get with a healthcare administration degree?
With a degree in healthcare administration, learners can work as hospital administrators, healthcare office managers, or insurance compliance managers. A healthcare administration degree can also lead to jobs at nursing homes, outpatient care facilities, and community health agencies.
Is it worth becoming a healthcare administrator?
Overall, a career in hospital administration is very lucrative and isn’t too time intensive. Some programs can be completed in as little as two or three years. Considering the cost of education and the salary received as a hospital administration, it is obvious that the degree is worth the time and money.
Do healthcare administrators make good money?
According to the US Bureau of Labor Statistics (BLS), professionals in healthcare administration roles typically earn about $101,000—not too shabby! … While the highest-paid healthcare administrators earn more than $189,000, the lowest-paid 10 percent earn about $59,000.
Is healthcare administration a stressful job?
On the flip side, hospital administrators face unrelenting stress. Irregular hours, phone calls at home, keeping up with government regulations, and managing sticky personnel matters make the job stressful. Weighing the pros and cons of hospital administration jobs can lead to a well-informed career decision.
Is it hard to get a job in health administration?
The role of a healthcare administrator is challenging but rewarding. The BLS expects the medical and health services managers field to grow 32% from 2019 to 2029. That means there will be plenty of opportunities for candidates who have the right educational background and clinical experience.
How much do entry level healthcare administrators make?
Entry-level healthcare administrator jobs earn an average salary of $56,000 per year; gaining skills such as effective budget and operations management can put you on the higher end of the pay scale2.
Which pays more healthcare management or healthcare administration?
The average annual salary for healthcare management is just slightly higher than that of healthcare administration. … Bachelor’s holders with at least two years of experience in the healthcare sector can earn their master’s from GW’s CAHME-accredited online Master of Health Administration program.
What is the easiest medical field?
How to Get into a Medical Career Easily
- Phlebotomy Technician. We’ll kick off this list of great jobs with a career in phlebotomy. …
- Medical Transcriptionist. …
- Physical Therapy Assistant. …
- Nursing Assistant. …
- Medical Secretary. …
- Radiology Technician. …
- Home Health Aide. …
- Occupational Therapist Aide.
How much can you make with a Masters in Healthcare Administration?
The average Master’s in Healthcare Administration salary in California is $133,040 annually or $63.96 on an hourly basis.
Is a bachelor’s in health administration worth it?
A degree can instantly help employers see you have training and experience relevant to this career. A bachelor’s degree or even an MBA or other post-graduate degree helps in administration and management careers. … If you want a competitive salary and a rewarding career, healthcare management is a great option.
How long does a masters in health administration take?
The Master of Health Administration (MHA) is a 24-month professional program for clinicians, managers and researchers who are seeking solutions to today’s complex health delivery issues.
Why are hospital administrators paid so much?
Hospitals receive the bulk of health care spending and are more successful when they do more business. … Administrators that can keep hospitals financially successful are worth their salaries to the companies that pay them, so they make a lot of money.
What does a healthcare administrator do on a daily basis?
Recruiting, training, and supervising staff members as well as creating work schedules. Managing the hospital’s finances, including patient fees, department budgets, and bills. Reviewing managed care contracts. Representing the hospital at investor meetings, conferences, training, and governing bodies.
What do administrators do in a hospital?
Administrators plan departmental activities, evaluate doctors and other hospital employees, create and maintain policies, help develop procedures for medical treatments, quality assurance, patient services, and public relations activities such as active participation in fund-raising and community health planning.