Why Pursue Your Education In Healthcare Administration?
When most people think of a career in the medical or healthcare industries, they think first of the doctors and nurses that deal directly with patients on a regular basis, or perhaps the scientists and researchers who work to find cures for common diseases.
|Quick Facts: Healthcare Administration Industry|
|Median Pay: $92,810 per year | $45 per hour|
|Entry-Level Education: Bachelor's degree|
|Work Experience: None|
|Number of Jobs, 2014: 333,000|
Healthcare Administration Occupations:
While these individuals are absolutely a vital part of the medical community, they are not the only ones who are integral to better patient care, diagnosis and treatment.
In every hospital, nursing home, private practice or clinic, there are trained and educated individuals who orchestrate the mind-boggling administrative work.
If you are interested in pursuing a career in healthcare, here are some great reasons to think seriously about earning a degree in healthcare administration.
Healthcare is a Rapidly Growing Industry
According to employment predictions released by the Bureau of Labor Statistics in 2013, there will be an increase of more than 15.6 million new jobs in the healthcare industry between now and 2022.
This is an amazing increase prediction, and it is one of the reasons that so many college students want to pursue a degree in the field.
There are countless explanations for the rise in healthcare needs, but two strong reasons include the rising age of the average American population and the rise of obesity and related medical problems that need attention.
One of the key things to keep in mind when choosing a major and a new career is the kind of stability that is predicted in your dream field.
It is important to find a job after graduation, but it is also important to know that your field of employment is secure for years to come, and that is easy to accomplish in healthcare.
Earning Potential in Nearly Unlimited
There is some confusion when it comes to the average salaries of those who work in healthcare or medical administration.
Although the initial salaries for those without any formal education may not be impressive, they have nearly unlimited potential to increase over time with experience, skill and advanced education.
Medical and health services managers, for example, earn a median salary of $88,580 per year, and those in the very top of the field earn substantially more.
As many hospitals switch over from using paper records to storing all of their patient information electronically or through cloud computing services, healthcare professionals with extensive computing knowledge and cyber security qualifications can earn amazing salaries.
Those who are interested in a lucrative earning potential can tailor their education to fields where employment pays more, such as administration in fields like cardiology or gastroenterology.
Work is Satisfying and Rewarding
Perhaps one reason that gets overlooked when students choose to pursue careers in healthcare and medical administration is how fulfilling this type of work can be.
On a regular basis, the work that you do might help to organize the schedule of hospital employees, help patients pay their medical bills by dealing with insurance companies or helping prospective patients get the medical attention and appointments they need.
Without administrative support, hospitals, clinics and private practices would simply fail to operate smoothly.
Those who are best cut out for careers as hospital administrators or nursing home administrators are typically very patient individuals, as the day or the assignment can change at a moment's notice in an emergency situation.
These administrators are often very organized, and they can communicate clearly both verbally and in written documents and emails.
Individual who attain management positions with the highest salaries in this field tend to be extraordinary leaders who can delegate tasks well and motivate their peers and subordinates.
Variety of Degrees Available Depending on Your Preference
If you have made up your mind and want to secure a career in this growing field of healthcare and administration, then the first step will be earning a degree.
Ultimately, it is up to each individual to decide which kind of degree will be the best fit and how long they can spend in education before they want to dive into a new career.
The degree option in the field which takes two years to complete and can be a great starting point for entry-level careers is the associate degree. This degree requires applicants to have a minimum of a high school diploma or a general education degree.
Possible employment opportunities after graduation include that of medical records technician, medical secretary and hospital administrative staff.
A bachelor's degree may be a better option for those who want to explore greater career opportunities and salaries, but this will require four years of study.
For the most advanced employment possibilities in the field, a one or two-year master's degree program in health care administration may be the best option.
Incredible Variety of Employment Opportunities
Perhaps one of the strongest reasons to pursue a career in the field of healthcare is that the variety of employment opportunities is so vast.
Whether you want to work alone or in a collaborative team, in the bustling hospital of a major city or in a quiet nursing home, with the right training it is possible to find a career that suits your personality.
Just a handful of the many different jobs that you can pursue in this field include all of the following:
- Medical Transcriptionists
- Hospital Administrative Staff
- Nursing Home Managers
- Medical Records Technician
- Fitness Center Managers
- Medical Secretary
- Hospital CEO
- Project Manager for Pharmaceutical Companies
- Health Unit Coordinator
- Hospital Public Relations Manager
With the right training and education, a career in healthcare administration is perfect for a number of individuals.
Thanks to the growing job market, the variety of employment opportunities and the potential for large salaries in the field, it is likely that an increasing number of students will choose to pursue associate, bachelor's and master's degrees in the diverse and growing healthcare industry.