Healthcare is one of the largest industries in the country, and a variety of administration positions are opening up in this field. The high demand, large salary opportunities and overall positive job outlook make careers in healthcare administration attractive to many professionals seeking to advance their careers. For more information about this rewarding career path, check out the wide range of benefits described below.
A Positive Job Outlook with High Salaries
The Bureau of Labor Statistics considers the outlook for jobs in healthcare administration to be growing at an above average rate. In fact, the field is expected to expand by more than 22 percent by the year 2020, with more than 30,000 jobs added during that time period. In addition to the fast growth, candidates can expect to enter the field with a salary around $65,000 for the first year, rising steadily to around $140,000 after 20 years in the field. Some senior executives earn salaries over $200,000.
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Emotional and Moral Benefits
Many jobs do not give employees the emotional and moral satisfaction they seek, but careers in healthcare administration offer rich opportunities for leadership, personal growth and service. Healthcare administrators can make a positive impact by creating policies that ensure that healthcare organizations operate with the patients’ best interests in mind. Other emotional and moral benefits include:
- The satisfaction of helping others
- A positive impact on the future of healthcare
- Furthering community education
- Making a difference in the treatment of diseases
- Contributing to important medical research
- Creating a meaningful legacy
These benefits contribute to a rewarding career that helps fulfill people on both a personal and professional level.
A Vast Array of Career Options
Unlike many other careers, jobs in healthcare administration are diverse and include a broad range of settings. Healthcare administrators can find jobs in a variety of locations, including hospitals, doctor’s offices, pharmaceutical companies, public health institutions, health insurance companies, long-term care facilities and more. Healthcare administration isn’t limited to medical facilities either. Healthcare administrators can also find work in management consulting and government agencies. The wide range of opportunities available provides flexibility, giving healthcare professionals many opportunities for career advancement.
While job candidates can enter the field with only a bachelor’s degree, earning a Master of Health Administration can increase earning potential and open up new opportunities for advancement. In addition to a MHA, there are a variety of continuing education opportunities available for healthcare administrators. Membership with the American College of Healthcare Executives (ACHE) offers healthcare administrators seminars, self-study courses, book recommendations and more to help them expand their knowledge base and management expertise. The Home & Health Networks also offers continuing education options that can help healthcare administrators improve strategic skill sets necessary in the field.
Improving the Face of Healthcare
It is easy to express displeasure with the way healthcare operates; however, it takes action to improve ongoing practices and create lasting change. Those who pursue jobs in healthcare administration can use their knowledge and experience to make a difference in the quality of care patients receive. Healthcare administrators also work to implement more efficient processes to reduce costs without negatively impacting the level of healthcare patients receive. Through effective risk analysis and policy development, the future of healthcare becomes brighter.
The benefits of working in healthcare administration begin with a positive job outlook, high salaries and opportunities for advancement, but they don’t stop there. Many individuals who work in this field experience the personal satisfaction that comes from making a difference in the lives of patients. With a broad range of opportunities available, professionals can find a rewarding, stable career in the healthcare industry with plenty of room for growth.