The healthcare industry continues to be among the most in-demand of all professions and among the fastest-growing disciplines, according to federal statistics, is healthcare administration.
The United States Department of Labor Bureau of Labor Statistics (BLS) Occupational Outlook Handbook projects that employment of medical and health services managers and administrators is expected to grow 23% between 2012 and 2022, which is significantly faster than the 11% average growth rate of most occupations. And, according to BLS, in 2012 there were 315,500 medical and health services jobs with the annual median salary earned at $88,580.
Also, according to the BLS Occupational Handbook, top executives in all occupations held 2,303,200 jobs in that same year, which included healthcare administrators. The median salary was $101,650. Since the competition for top executives in any field is very strong, and the growth rate is projected at the national average growth rate of 11%, choosing a specialization in healthcare administration puts you in the “hot zone.”
Healthcare administrators have wide-range influences within the medical profession. The leadership they provide as administrators, generalists, or specialists of a specific clinical area in a hospital or private practice closely equals managing a city. They work in dynamic environments filled with diverse relationships—coworkers, patients, and other professionals within the community—all of which could have distinct yet separate agendas. Strategizing, standardizing, and implementing effective policies and procedures that equally serve the whole group are essential. Overseeing a facility by ensuring that all departments are running smoothly, the right people are doing the right jobs, everyone knows what’s expected of them, all available resources are being accessed and used, fiscal responsibility is top-of-mind, and all are working toward a common goal—a high-quality healthcare experience—is of paramount importance.
Healthcare administrators have the opportunity to deliver this high-quality healthcare experience within their own work environment, as well as the greater community, through building strong relationships with other healthcare organizations and certain government groups that support the future of the healthcare system. And while healthcare administrators must impact their facility and community at large, sometimes the job will take on a personal touch—sitting down with a patient and assuring him that he’s in the right place and on the right path to better health.
A specialization in healthcare administration can augment your business training by developing essential perspectives and skills for applying theoretical and research-based healthcare to management issues. The specialization prepares students for administrative challenges, such as identifying, analyzing, and resolving problems; recognizing the restraints for and limitations to intervention; and changing delivery systems, while learning to strategically plan for total quality management of a healthcare facility and its members.
Some of the core values offered by this specialization are learning about business research methodology, interpreting and applying mixed-methods research, applying practical skills, studying human behavior, analyzing statistics commonly used for business, leading healthcare facilities through tough financial times, and enhancing your researching and writing skills.
Healthcare administration is without a doubt one of the hottest careers right now. Considering the varied management skill set needed not only to run a healthcare facility but also build strong community and business relationships, you can use your degree in liberal arts, public administration, law, or business administration with a specialization in healthcare administration as essential building blocks necessary to become a top executive in healthcare.
Place a highly rewarding career path within reach by choosing to be a healthcare administrator--one of the hottest, fastest-growing careers of this decade.