Top Reasons to Pursue a Career in Healthcare Administration
Healthcare administration has become a vitally important role in the world of healthcare. The rapidly growing healthcare sector covets individuals who can supervise other healthcare employees, assist in the transition to paperless records, implement and alter policies in the face of new laws and regulations, advocate for patients, and ensure that medical, legal, ethical and financial goals and regulations are met.
Additionally, the increasing role of human resources and administration in healthcare has necessitated that employers search for versatile health services administrators who can direct the operation of hospitals, health systems and other healthcare organizations. Because this sector is both expansive and invigorating, there are many personal and professional benefits associated with pursuing a career as a healthcare administrator.
According to a recent report from the Brookings Institution, the healthcare industry has added 2.6 million jobs nationwide over the past decade. Healthcare administration in particular continues to grow faster than most other jobs, with the U.S. Bureau of Labor Statistics predicting a 23 percent job growth rate from 2012 to 2022. This is an exciting time for healthcare administration, as people with these particular skill sets will be in high demand and have ample opportunities to grow and succeed in their profession for the foreseeable future.
If you have a healthcare administration degree, you can find a variety of jobs within hospitals, group physician practices, clinics, nursing homes and eldercare facilities, home healthcare organizations, outpatient care centers, mental health organizations, and rehabilitation centers. Among the job titles you can have include administrator, director of business development, executive director, practice manager, vice president, chief nursing officer, director of risk management and director of patient safety.
Make a Difference
Decisions made by healthcare executives can help improve the lives of hundreds and even thousands of people every day. One of the qualities that healthcare administrators possess is that they have a sense of social mission and deeply care about the people they work with and serve. Healthcare administrators are not just in charge of “controlling” hospitals and other healthcare facilities; they are responsible for the human lives inside them.
Getting a degree in healthcare administration can take you in many diverse and dynamic directions. In addition to the more traditional careers in healthcare administration, you may find yourself working in many other areas including pharmaceuticals, health insurance, management consulting, banking and finance, long-term care, professional societies, and on the state and federal levels. The core skill sets you develop as a healthcare administrator provide you with a competitive advantage within the healthcare sector, and these skills also transfer easily across a variety of industries, providing career opportunities in other industry sectors as well.
Room for Advancement
Healthcare administration is known to have an excellent career ladder, meaning that there is no shortage of hospitals and other types of healthcare facilities in the United States, and definitely no shortage of managerial and executive positions. Once you have your healthcare administration degree and start working your way into the profession, you have just as good a chance as anyone to become the CEO of a hospital. Many individuals in healthcare administration also take on roles in different sectors of the field over the course of their careers.
According to the U.S. Bureau of Labor Statistics, medical and healthcare administrators earned a median annual salary of $81,160 in 2014. Senior healthcare executives with more experience and achievements can earn as much as $200,000 or significantly more. As the demand for healthcare administrators continues to rise, salaries in this sector are expected to remain very competitive.
Continual Self Improvement
As a healthcare administrator, you will have ample opportunities to advance your career through continual self-improvement and education. In fact, because of the ever-changing healthcare landscape, most employers encourage continued professional development. Many organizations often support tuition remission or in-service training for new skills or certifications. As a healthcare administrator, you will find yourself in a world that is both dynamic and fluid, and where innovation and growth are constantly encouraged.
Getting a Master’s Degree in Healthcare Administration
If you are interested in becoming a healthcare administrator and want to find a quality master’s program, click here to learn more.