How much do healthcare administrators get paid

If you're thinking of pursuing a career in health administration, you'll want to know your future earning power. The lowest 10 percent of administrators e.

It's also worth noting that the salaries of healthcare administrators are influenced by a number of factors, including education, type of position, job setting, and region.

These will be examined in more detail below. If you would like to be on the high end of the salary scale, a master's degree is a "must", essentially qualifying you to compete for the better paid jobs in health care administration. Bachelor's degrees don't usually allow you to go beyond an entry-level position e. As you'd expect, health service managers who have high-level jobs, with a lot of responsibility, are able to command higher salaries than those in lower-level positions.

Setting is also crucial in determining pay levels in healthcare administration. Students spend 11 months completing an administrative residency. Students complete analytics-focused coursework to help improve their decision-making. Graduates look to "address the unique challenges presented in this complex industry, including ensuring equitable opportunity to health and optimal well-being. University of Colorado offers a health administration MBA concentration.

Students can specialize in financial health management, health information technology management, or international health management and policy. Though the program is primarily in-person, students can complete a few degree requirements online. Experienced applicants may want to look at the executive Executive Master's Program in Health Management and Policy program, which allows them to work as they earn their degree.

The University of Minnesota boasts that "historically" all graduates find work or a fellowship within a few months of graduation. There are two MHA tracks to choose from. The traditional one is designed for inexperienced professionals, while the executive track is made for experienced professionals. The goal of this program is to " improve decision-making and leadership skills of early and mid-career professionals.

The USC health administration program includes an information technology focus in addition to finance, law, and policy coursework. Students also complete a 1, hour residency, and can choose from two concentrations. The school has a high job placement rate.

In , percent of graduates earned a job within three months of graduation. MHAs and related graduate degrees are associated with higher salaries in healthcare administration jobs. Consider the factors used to calculate salaries in healthcare administration. Experience is essential, but on top of that, there's your highest level of education achieved. As shown above, earning a master's degree can increase your earning potential considerably.

Job title also factors into how much you earn, with executive roles paying the most. Specialty positions usually pay more than general management positions, so consider specializing in one area of healthcare administration, like finance or long-term care facility management. Job setting is another factor to consider. Hospital administrators earn more than clinical practice managers working for smaller doctors' offices, but keep in mind that there is also administrative work in non-clinical settings.

You may be able to earn more at a pharmaceutical company or in a government agency. And finally, don't limit your job search to one geographical area if relocation is an option. In other words, the best way to increase your earning potential in healthcare administration outside of gaining experience will almost always be to keep your options open. Categorized as: Healthcare Administration. Noodle's mission is to make the search for education better through increased transparency and efficiency.

We partner with top, not-for-profit institutions to help build their online programs and identify qualified applicants. In doing so, we're able to provide our content and services at zero cost to student users. Explore Pick any program, and use our resources to become an expert on it. Noodle is all about you! You need to create a profile to see your tailored content. Healthcare Administration. Healthcare administration jobs are typically higher-level leadership positions.

Image by Tom Fisk from Pexels. Christa Terry August 25, Scroll to continue reading. Healthcare Programs Advertisement. Learn More. Article continues here.

In this article about the highest-paying healthcare administration jobs, we cover: What is healthcare administration, and what kinds of people choose careers in this field?

What do average salaries in healthcare administration look like? How much of an impact does workplace setting have on salaries in this field? What roles in healthcare administration pay the most? Are the highest-paying healthcare administration jobs usually held by nurses and doctors?

Is a master's in healthcare administration required to work in those positions? How can I increase my earning potential in healthcare administration? What is healthcare administration, and what kinds of people choose careers in this field?

While some healthcare managers handle anything and everything related to the business of medicine, others build their careers around specific areas of healthcare administration like: Electronics records and computer systems management Good healthcare practices require organized medical records and systems, including procedural records, appointment histories, and lab results.

Health finance Finance and healthcare are unfortunately interconnected. Health information management Essentially, health information management is a more common term for electronics records and computer systems management.

Healthcare marketing Remember, healthcare is a business. Home healthcare administration There is a significant demand for home care, especially for elderly patients. Hospital management In general, hospital management professionals are responsible for daily operations. Human resources management This focus area is devoted to overseeing administrative functions , including hiring and firing, managing benefits, and resolving workplace issues.

Manpower systems analysis Systems analysis is the process of examining and improving a system. Materials management Materials management is a logistics position ; you must get the right supplies to the right place for the right cost. Nursing home management As one might expect, nursing home management is like any other healthcare administration position, except you focus specifically on nursing homes. Practice management This is another discipline that revolves around the business of medicine.

Program management According to one study, the program management structure, "allows for an interdisciplinary team of health care providers to facilitate patient care delivery. Public affairs management Public affairs professionals often work to create beneficial legislation or policies. Some of the highest-paying roles in healthcare administration are: Clinical practice manager Clinical practice managers and medical practice managers handle operations, HR, and accounting for healthcare organizations including long-term care facilities, insurance companies, and even veterinary practices.

Healthcare consultant In general, healthcare consultants are management analysts who specialize in the business of medicine. Hospital administrator Hospital administrators oversee both the health services and the daily operational activities of hospitals and hospital networks. Hospital CEO This is where the big money is because this is one of the roles in health administration with the most responsibility attached.

Informatics manager The widespread adoption of electronic medical records EMRs has created a need for administrative professionals to bridge the gap between clinical and clerical staff members and IT. Nursing home administrator As expected, nursing home administrators supervise the business affairs of long-term care facilities, live-in rehabilitation facilities, and nursing homes. Healthcare has never been more complex or challenging — and that was true even before the compounding effects of the COVID era that brought with it overwhelmed ICUs, staff morale issues and a run on basic resources.

Things were already getting dicey with administrators attempting a careful balancing act between accessibility and profitability as most states expanded Medicaid eligibility requirements, and a growing population of seniors living longer with more complex health conditions began placing a whole new level of demand on healthcare resources.

Then when rolled around and introduced a worldwide pandemic to the mix, it put even more strain on an already overtaxed healthcare system.

Health facility administrators make it their job to understand the nuances of evolving medical technology while adapting amid a rising trend in provider mergers and consolidations. And they do it all while attending to the never ending need to handle the business side of healthcare by reducing costs while at the same time ensuring the best possible patient outcomes. In fact, healthcare organizations are forced to go big or go home when it comes to compensation packages for the top decision makers, strategists, and problems solvers, which in every instance means bigger paychecks at every level of administration and executive leadership.

The U. Bureau of Labor Statistics BLS provides an overview of the kinds of salaries that professionals in mid- to upper-level management and administration command.

The business of healthcare presents a lot of challenges. Administrators have always been valued for their ability to handle it, and their salaries reflect that.