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What kind of work does a Healthcare Administrator do?
As the healthcare field grows, the need for skilled administrators who can manage hospitals, long-term care facilities, and provider offices grows as well. Healthcare administrators are responsible for dealing with the financial and regulatory side of healthcare, but their drive to work is rooted in improving the quality of life for people in need of assistance. Healthcare administrators come from a wide variety of backgrounds. While direct patient care experience is a definite asset, healthcare managers with experience in business, public health, or other fields can easily find a niche where they can put their unique skills to work.
I’d like to start working soon. How long does school take?
To become a healthcare administrator, you’ll need at least a bachelor’s degree in healthcare administration, health management, health information, or a related field. As the job market becomes more competitive and the industry more complex, many employers are starting to prefer candidates who have earned their master’s or other graduate level degree before applying for a position. A bachelor’s degree will take four years on average to complete, while a master’s degree can add two- to-four years to your education. Duration will depend on time you can dedicate to your schooling and whether you pursue your degree online or in a traditional classroom setting.
My budget is limited. How much does it cost?
A bachelor’s degree program costs on average for in-state residents at a public 4-year institution, $9,308, while out-of-state students can expect to pay around $26,427 per year. A master’s degree program costs, on average, $66,340. Choosing an accredited program might give you the opportunity to apply for financial aid to help pay for your education. Those pursuing a master’s degree to advance their current role in healthcare may benefit from asking about accelerated programs, or tuition reimbursement programs through their employer.
It’s been a while since I’ve been in school. How hard are the classes?
Because the role of the healthcare administrator is so diverse and critical to the successful operation of a medical facility, you can expect your coursework to be just as rigorous and varied. You’ll study everything from medical law and ethics to financial and operations management, health information technology, research methods, economics, and organizational development. As you move into your master’s program, you’ll dig more deeply into areas such as marketing, accounting, operations management, and ethical leadership.
How much money can I make as a Healthcare Administrator?
Healthcare administrators are well compensated for their time and expertise. Depending on what type of industry you work in, the median annual pay for medical and health services managers rests at $110,680, with the top 10% of professionals earning more than $216,750, says the BLS’ 2023 Occupational Employment Statistics. Those working in pharmaceutical and medicine manufacturing earned the most, while those in hospitals also commanded an above average salary. Source: U.S. Bureau of Labor and Statistics, 2023 Occupational Employment Statistics
How can All Allied Health Schools help me?
All Allied Health Schools is dedicated to empowering you on your education quest by being a trusted resource for information that will help you improve your life through learning. Whether you’re looking for a classroom program or online school, you can study our library of career and education resources, and then search from thousands of accredited programs in our database to find a program that’s right for you.