A healthcare administration degree is one of the most versatile assets across the medical sector. Jobs for healthcare administrators are expected to grow 32% through 2030, making the field of study a wise choice for professionals who wish to further their career opportunities.
Hospital administrators supervise the departments of a facility and ensure that patients receive high-quality care. They manage hospital budgets and coordinate schedules for staff members. In some cases, these administrators will interview physicians seeking employment. They also ensure hospitals comply with all government guidelines to operate safely.
Despite their title, hospital administrators work in numerous facilities, including nursing homes and rehabilitation centers. According to the U.S. Bureau of Labor Statistics (BLS), this position can be financially fulfilling. In 2020, hospital administrators earned a median annual salary of $112,870.
Clinical managers are in charge of maintaining the entire facility. They design and implement policy and manage billing services. Depending on the position, a clinical manager may also facilitate staff meetings and train new employees. Clinical administrators at smaller health care organizations schedule daily treatment plans, while those at large-scale facilities supervise non-physician staff members and run specific departments.
Health services administrators are involved in numerous areas across medical facilities, including accounting, human resources management, and program development. Depending on the size of the organization, they may manage one department or the entire building. A major responsibility includes ensuring all departments follow health regulations to represent the facility positively to investors and governing bodies.
Anyone who wishes to become a health services administrator must display good organizational leadership and research skills. They also must know how to adjust processes in response to ever-changing regulations and technologies. According to the BLS, this position can be a financially rewarding career opportunity. In 2020, health service managers made an average annual salary of $104,280.
Health information managers organize crucial patient and treatment information in databases to ensure medical facilities abide by evolving industry standards. In some cases, they will direct multiple technicians to perform specific data collection tasks. Health information managers produce financial plans to ensure the facility pays its bills on time. They also collaborate with the human resources department to solve staffing issues that can lead to inefficiencies.
Individuals who wish to pursue a career as a health information manager must understand billing codes and have a working knowledge of coding and software. They also need leadership skills to ensure IT teams maintain data accurately.
These managers ensure pharmaceutical companies market the drugs they sell correctly. They research what patients need and organize production teams to begin the development phase. Then, they supervise the progress of the drug until the final stages of marketing. Pharmaceutical project managers must also know the warnings and potential side effects of the medicine to label it properly on product packaging and information sheets.
People who want to become pharmaceutical project managers must have marketing, investment, and leadership knowledge. They also need some experience in science and business to analyze a wide range of data.
These professionals are responsible for supervising the clinical activities of nursing homes. They ensure residents receive high-quality care by hiring dedicated staff members and stocking medical supplies regularly. Nursing home administrators also have financial duties, including budgeting and conducting contract negotiations. Additionally, they ensure the facility abides by local, state, and federal regulations.
While the specific requirements vary by state, those interested in becoming a nursing home administrator need to obtain a license. Once licensed, they can pursue numerous positions in this field. Per BLS research, nursing home administrators earned a median wage of $89,880 in 2020.
At MVNU, we understand that it can be challenging for working students to pursue a degree in health care administration while juggling a job, family, and other responsibilities which is why we provide a convenient solution with our online MBA in Health Care Administration degree program. This graduate program combines business and health care courses to help students learn the skills they need to reach their career goals.
Founded in 1968 by the Church of the Nazarene, MVNU provides educational opportunities to working adults through online degree programs. Learn more about our MBA degree programs by requesting additional information today.