The average salary for healthcare administration varies based on a number of different factors, as well as where you live and work. This article looks at these different factors to help provide an idea of what the average salary is for healthcare administration positions in general.
In the healthcare industry, the average salary of Healthcare Administrators can vary widely. The Bureau of Labor Statistics reports that in 2016 the average annual salary of Healthcare Administrators was $85,020. Employers may also be significantly impacted by local costs of living, according to Indeed.com.
When the field is a healthcare administration, the salary is going to be determined by several factors. These will include the type of employer, experience level and education among other variables.
What is the average salary for healthcare administration
Introduction
Healthcare administrators are responsible for managing the day-to-day operations of their healthcare organization. They help set policies, supervise staff, and sometimes manage a budget as well. Healthcare administrators often have extensive experience in other areas of the healthcare industry before moving into an administrative role. As such, they typically earn high salaries as well.
The Bureau of Labor Statistics groups healthcare administrators, who also go by the job titles health services manager and medical and health services manager, under the heading of medical and health services managers. Together, all medical and health services managers earned an average annual salary of $99,730 in 2018.
The Bureau of Labor Statistics groups healthcare administrators, who also go by the job titles health services manager and medical and health services manager, under the heading of medical and health services managers. Together, all medical and health services managers earned an average annual salary of $99,730 in 2018.
The two main types of healthcare administration jobs are:
- Medical administrators supervise all aspects of a medical facility including financial operations; human resources; quality assurance; regulatory compliance; information technology support; purchasing/logistics; legal matters; risk management, etc.
- Health service administrators focus on providing patient care in settings such as hospitals or nursing homes. They may oversee staff in areas like radiology/imaging or emergency room treatment/operations
What is a healthcare administrator?
A healthcare administrator is someone who manages the operations of a healthcare facility. They are responsible for the daily operations of a hospital, clinic or other medical facility.
They are responsible for budgeting, staffing and other administrative tasks that help keep their organization running smoothly. If you’re interested in becoming a healthcare administrator but aren’t sure where to start, read on to learn more about what this job entails.
Healthcare administration is a highly regulated career that requires candidates to earn at least a bachelor’s degree as well as complete a few years of work experience in the field. They often start off as other roles in the healthcare industry (like nurses and doctors) before moving into holding an administrative role.
For those who want to enter the healthcare administration field, it is important that they have a bachelor’s degree in either business or health-related fields. They must also have a few years of work experience in the industry before being able to move into an administrative role. This is because there are many things that go into being an effective administrator. They must be able to analyze data, understand financial statements and projections, as well as plan for future growth and expansion of services offered by their organization.
How much does a healthcare administrator make?
Healthcare administrators in America are paid handsomely. The Bureau of Labor Statistics (BLS) reports that as of May 2018, the average salary for a healthcare administrator is $75,880 per year. This amounts to approximately $36.30 per hour worked—a little less than what the average American makes in a typical 40-hour week, but still better than average by quite a bit.
In general, healthcare administrators enjoy greater pay than most other types of managers in the United States and Canada. In fact, if you factor out all other jobs and focus on just those concerning leaders within hospitals or medical organizations, you’ll find that these individuals earn more on average than any other type of worker (including CEOs). That said: not every job title falls within this category; some may be classified differently depending upon where they work or how they perform their duties within their company structure
According to the Bureau of Labor Statistics, healthcare administrators made an average salary of $99,730 in 2018. However, the top 10% of workers earned more than $187,200 that same year. The average salary for those working in state, local, and private hospitals was $103,680. Medical group practice administrators earned even more at $111,680 on average.
The Bureau of Labor Statistics reports that healthcare administrators earned an average salary of $99,730 in 2018. However, the top 10% of workers earned more than $187,200 that same year. The average salary for those working in state, local, and private hospitals was $103,680. Medical group practice administrators earn even more at $111,680 on average.
What do I need to become a healthcare administrator?
The first step of becoming a healthcare administrator is getting a bachelor’s degree. This can be done in one to four years depending on whether you decide to attend college full-time or part-time. You will also need to earn a master’s degree if you want to become an administrator at the executive level, since most employers prefer candidates who have earned this advanced degree.
To become a successful healthcare administrator, you must have at least five years’ experience working in healthcare administration, as well as three years’ experience in leadership roles within the field. Most states require aspiring administrators to pass licensing exams and obtain certifications from professional organizations such as the American Association for Healthcare Executives (AAHHE) or the Healthcare Financial Management Association (HFMA).
Conclusion
As you can see, the average salary of a healthcare administrator is competitive compared to other fields. However, the position requires higher levels of education than many jobs. As such, it takes time and money to build up to this role. If you’re willing to make that investment though, the rewards are plenty!
