If you aspire to advance in the growing field of health care administration, you’re in luck! Health care administration is a growing field rich with excellent career opportunities. The Bureau of Labor Statistics estimates that medical and health management jobs are growing at a faster than average rate, with a 17 percent projected increase in available jobs this decade alone. Below are a few popular career paths a health care manager can take.
Average Salary: $386,000/year Typical Job Duties and Functions: Hospital CEOs ensure hospitals perform efficiently. They set and communicate a vision of their hospital to employees and the community. They also lead strategic development initiatives to ensure long-term hospital success.
Average Salary: $237,000/year Typical Job Duties and Functions: Hospital administrators ensure hospitals run smoothly by overseeing their staffing, financial, regulatory compliance, and operation needs. Hospital administrators supervise staff and coordinate departments to reach organizational goals and communicate with the press and local medical community. They also set the hospital's budget and the costs for services.
Medical and Health Services Managers
Average Salary: $94,500/year Typical Job Duties and Functions: Medical and health services managers are employed in various settings and can manage departments in hospitals and other large organizations, or entire private medical practices. Health services managers perform managerial tasks, such as recruiting and training of new staff, improving efficiency in the delivery of healthcare services, setting department budgets and confirming that the facility and medical technology is up to date with current regulations.
Healthcare Finance Managers
Average Salary: $115,321/year Typical Job Duties and Functions: Healthcare finance managers have a wide range of job options including in-house accountants and auditors to analysts and managers, and responsibilities can vary depending on the size of the facility. Financial managers ensure that healthcare organizations keep accurate financial records and file relevant reports properly, advise on the feasibility of proposed health care services, develop long-term financial strategies for the organization and make investment decisions.
Want to advance in the health care administration field? Consider earning an MBA in Health Care Administration at Spring Arbor University.
We believe healthcare professionals who strive for a purpose higher than profit maximization achieve greater results. And, the people who make the most profound differences are those who stand on principles of service. Developed and delivered by the faculty of the Gainey School of Business, Spring Arbor University's online MBA in Health Care Administration focuses on the development of knowledge, attitudes and skills necessary for leadership positions in the fastest growing industry in the U.S.
- You examine the fundamentals of financial management in the health care sector and learn to manage and control costs while simultaneously investing resources in strategic opportunities.
- You learn to identify the principles of quality improvement necessary for creating a quality culture in health care. This includes examining tools and methods for planning and implementing quality improvement initiatives.
- You explore the balanced scorecard approach to strategic planning and management for translating strategy to action.
An MBA from SAU is affordable, flexible, relevant and transformational. Tuition and fees are under $24,000. You can finish your online MBA in about 18 months. Complete the form on this page or call 1.844.621.0900 for more information.