6 Outstanding Benefits Associated With Health Care Administration Careers
When you begin exploring this dynamic field, it doesn't take long to realize the possibilities it can offer. Becoming a health care manager or administrator often means getting into an area filled with more positive potential than many other vocations. In fact, a lot of medical and health care management programs provide the training necessary to pursue work that can have advantages such as:
1. Excellent Pay
Doctors and nurses aren't the only health care professionals capable of earning high salaries. Those involved in the administration or management side of this sector also frequently earn great incomes. For example, in 2016, the average salary for medical and health services managers in the U.S. was $109,370. And the field's highest earners made over $172,240.*
2. Career Security
Several ongoing trends are contributing to the overall growth of America's health care sector. And since managers and administrators play critical roles in keeping the nation's health and medical facilities running efficiently, they continue to be in high demand. As a matter of fact, between 2014 and 2024, job opportunities for qualified health and medical services managers could grow by 17 percent.** Reasons for this exceptional demand include factors such as:
- The fact that more than 25 percent of U.S. hospital expenses go toward administrative costs (one of the highest percentages in the world)***
- America's rapidly growing elderly population
- Advances in medical technology that are shifting more services to new medical offices that require professionals to help organize and oversee their staffing, patient records, and financial matters
- A growing focus on controlling health care costs to make services more affordable for patients while also keeping medical practices, hospitals, and other health settings financially viable
3. High Job Satisfaction
It's often easy for health care administrators and managers to feel good about the work they do. After all, they get to do things like ensure that the right people are doing the jobs that best fit their talents and abilities, clarify expectations for the health care teams they oversee, and find ways to maximize their facilities' resources to keep operations effective and efficient. And all of that contributes to the ultimate goal of giving patients good care and positive outcomes, which is a truly fulfilling pursuit.
4. Multiple Career Paths
Going into this field means having the chance to choose a direction that truly suits you. For instance, some health care managers and administrators help oversee entire medical facilities, whereas others are only responsible for particular departments or clinical areas. Either way, their broad knowledge about things like health care regulations, financial management, human resources, and health information systems tends to give them the flexibility to explore different avenues throughout their careers. Eventually, many decide to specialize in a specific area such as:
- Medical practice management
- Accounting, budgeting, or finance
- Public affairs or marketing
- Government or investor relations
- Human resources or staff relations
- Patient care services administration
- Health records management
- Strategic planning and development
- Equipment and supplies management
- Nursing administration
5. The Potential to Advance Quickly
As stated earlier, the demand for qualified professionals in this field is expected to remain high for many years to come. And because a lot of today's health care managers and administrators are nearing retirement age, many people new to the field are likely to receive advancement opportunities relatively early in their careers. That's particularly true for those who, in addition to getting specialized educations, go on to earn voluntary certifications through some of the many professional associations related to health care management and administration.
6. A Large Variety of Possible Employers
Professionals in this field can find employment with many kinds of organizations. For example, opportunities are often available with employers like:
- Hospitals or hospital networks
- Individual or group medical practices
- Nursing homes
- Assisted-living facilities
- Community clinics
- Home health care agencies
- Managed care organizations
- Health care consulting firms
- Mental health agencies
- Hospice care organizations
- Government agencies
- Medical research facilities
- Non-profit health care agencies
How Will You Begin?
Give your ambitions a significant boost right now. Simply put your current zip code into the following search box to see a selection of health care management schools where you can get started!
* Bureau of Labor Statistics, U.S. Department of Labor, Occupational Employment Statistics, website last accessed on September 18, 2017.
** Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2016-17 Edition, website last accessed on March 17, 2016.
*** Health Affairs, website last accessed on December 13, 2017.