The healthcare industry has one of the fastest growing job markets and brings in some of the highest average salaries, so those looking to get into healthcare management careers have chosen the right industry at the right time, especially if you have your Masters in Health Administration. On average, a healthcare manager earns $80,240 annually. The lowest recorded salaries are around $48,300 while the top-paying positions yield wages above $137,800. The financial reward of the healthcare management career path when paired with the quickly growing job availability is a perfect storm for professionals who understand that this industry is a business like any other.
Healthcare careers reflect 10 of the top 20 fastest growing careers in today’s economy. To snag the best positions and ensure a successful run in this industry, healthcare managers will need to pursue an advanced degree in the form of a Online MBA in Healthcare Degree.
Effect of an MBA on Healthcare Management Career
To graduate to the best careers in healthcare management, an Online MBA Program is not just a suggestion, but a necessary part of any resume. Healthcare managers must coordinate, plan, direct and supervise all aspects of healthcare services. As such an essential cog in the healthcare system, the most qualified professionals are sought to fill management roles, so first way an Masters in Business Administration can help your healthcare management career is simply by getting your foot in the door for that first interview.
A recent education gives professionals seeking healthcare management careers the assurance that they are current in their industry knowledge and are aware of how things have changed and advanced because of technology. Some of these advancements include medicine home delivery, electronic patient records, new diagnostic machines as well as a recent direction toward selling preventive care to patients in order to protect the public against the latest healthcare threats.
Healthcare Administration Options
Academic programs offer a variety of concentrations in the healthcare industry, including tracks that lead to careers in Pharmacy, Alternative Medicine, Nutrition, Nursing and Psychology, among many others. While some positions only require certification, others can demand advanced degrees in order to climb the ladder to higher paying positions. Depending on the type of career you want, any number of healthcare degrees become appealing, but in terms of healthcare management positions, the best possible degree choice is an MBA in Healthcare Management. At Marylhurst University, their specific focus on Healthcare Management for their online MBA offers an attractive route for professionals seeking an education while maintaining a regular work schedule.
Qualities to look for in a leading edge Healthcare Management MBA program include an emphasis on how business decisions are made in a healthcare setting, how current industry trends will influence those decisions and how to shape the future of healthcare based on those trends. For those wondering how an online MBA can help your healthcare management career, the answer seems to be simply by educating professionals on the latest industry trends.
New Technologies Improve Job Opportunities for Healthcare Managers
As new information technology impacts doctors’ offices across the country, it becomes more apparent how an online MBA degree can help your healthcare management career. Individually, different technologies come with different costs, but having the sort of management know-how to spread an organization’s dollars to incorporate necessary new technologies and have the lowest impact on the budget is a skill healthcare facilities are eager to discover in professionals.
Jobs for Healthcare Managers
Healthcare management professionals ordinarily deal with day-to-day operations of facilities, whether they’re large or small. Specifically, healthcare managers fill these job types:
In this line of work, professionals choose a certain niche of healthcare and are employed in the implementation of policies to assist in evaluating the best use of staffing resources, coordinating with other managers to effectively work as a team and providing a budget plan to make sound investments for the organization.
For larger facilities, assistant administrators work below head administrators to take care of the daily organization methods that impact the big picture of how the facility runs. This position provides the touchstone between the head managers and the lower level personnel.
Health Information Managers:
Rising in importance is the health information manager who must conquer leading trends dealing with the protection and security of patient records as information is transitioned to electronic form. Accuracy and availability of these documents is of utmost significance to this line of work.
Nursing Home Administrators:
A large number of nursing administrators choose to work providing home services for patients who cannot come into facilities regularly. This job necessitates that the professional work closely to manage the finances of the patient so that they receive the best medical attention from the comfort of their homes. The administrator is in constant contact with the healthcare provider to make sure the patient is getting what they need and monitoring the best solutions for what they can afford.