Health care is a booming business, and not just for medical practitioners. According to the Bureau of Labor Statistics, health administration professionals are in high demand, with an expected job growth of 32 percent through 2029, greater than the average growth rate for all occupations.
For business-oriented leaders, health administration is a dynamic and lucrative career option. At the management level, the health services industry boasts a median annual salary of more than $100K. And there are so many careers to choose from! Medical and health services administrators work in a range of settings, including hospitals, private clinics, specialty care facilities, public health agencies, laboratories, insurance companies, and more.
3. Hospital Administrator Job Description
From managing high-level personnel to
overseeing financial investments in surgical
equipment, hospital administrators are
tasked with all aspects of a hospital’s
daily operations.
Starting salaries for hospital administration
vary, and location can make a big difference,
as hospitals in major U.S. cities pay significantly
more than those in rural areas.
5. Medical and Diagnostic Lab
Administrator Job Description
Overseeing the business operations of a medical
lab involves everything from procuring grant
funding to establishing systems and processes
to investing in critical equipment.
Like all health care administration positions,
the lab administrator must be a strong leader
and collaborator with a keen eye for detail.
7. Pharmaceutical Product Manager
Job Description
Applying your health-care administration skills
inside a pharmaceutical company is a great
way to immerse yourself in the development
and advancement of drug therapies.
Additionally, management positions typically earn more in this
sector of the health care industry, with base salaries starting in
the low six figures. So, there is plenty of room to grow!
9. Out-Patient Care Administrator
Job Description
Facilities specializing in out-patient treatments —
including chemotherapy, diagnostic procedures
and imaging, laparoscopy, weight management,
dialysis, and more — require detail-oriented and
financially savvy leaders who can oversee
everything from budgets to clinical operations.
The best administrators provide seamless and quality patient
care while following industry, state, and federal regulations.
10. Average
annual salary:
Career #5
Specialty Hospital
Administrator
$128,010
Excludes psychiatric and drug rehabilitation hospitals
Source: U.S. Bureau of Labor Statistics
11. Specialty Hospital Administrator
Job Description
For those with an interest in a particular arena
of health care, administrative roles at specialty
hospitals can be incredibly fulfilling.
Specialty hospitals are exclusively focused on
the care and treatment of specific conditions.
Examples include cardiac, orthopedic,
and women’s hospitals.
13. Skilled-Nursing and Assisted-Living
Facility Administrator Job Description
As our senior population ages, they’re investing
more in their own health and wellness, increasing
the demand for health administrators and
executives in this sector.
In fact, between 2018 and 2019 assisted-living administrators
reported an average boost in salary of 3.6 percent!
15. Insurance Provider
Network Executive
Job Description
Working with an insurance company offers a competitive
salary range and ample opportunity for growth.
Whether you’re working with medical facilities to process claims or assessing
coverage for customers, a career in the insurance field requires a comprehensive
understanding of the health care industry. Salaries for health specialists start
around $40K per year, but executives and directors earn well over six figures.
17. Master of Science
in Health Services
Administration and
Master of Public Health
dual-degree program
(M.S./H.S.A – M.P.H.)
Master of Science
in Health Services
Administration
(M.S./H.S.A.)
AND
19. Which industries are hiring graduates with a master’s degree
in Health Services Administration or dual master’s degrees in
Health Services Administration and Public Health?
Hospitals and
Private
Practices
Research and
Diagnostic
Laboratories
Skilled Nursing
and Assisted
Living Facilities
Home
Healthcare
and Hospice
Services
Wellness,
Rehabilitation
and Psychiatric
Clinics
Public Health
Agencies
Pharmaceutical
and Insurance
Companies
Source: PublicHealthOnline.com
21. Here are some
facts about national
employment outlook
and wage statistics
for Medical and
Health Services
Administrators:
22. Expected job growth in this sector
is , greater than the
average growth rate for
all occupations
4%
Wages
are projected
to rise
Year over year
$113,730
Average
annual salary
across all health
administration
jobs
Source: U.S. Bureau of Labor Statistics
23. Top paying markets include
DC, New York, and Massachusetts,
while the highest concentration
of job can be found in Iowa,
Massachusetts, Maryland,
Arkansas, and Oklahoma.
And
location
matters!