Healthcare management is a sub-field of the broader healthcare industry that deals with the organization, management, and administration of people, resources, and financial matters in healthcare systems and facilities such as hospitals, clinics, insurance, and medical billing.
Healthcare managers ensure that healthcare organizations run smoothly and efficiently 24/7. They are responsible for providing high-quality patient care and meeting the needs of their communities.
They are actively involved in strategic planning, decision-making, and policy development related to healthcare delivery. That includes managing budgets, developing and implementing policies and procedural practices, overseeing staffing and training, and ensuring compliance with regulations and standards.
The Increasing Need for Healthcare Managers in Non-Clinical Roles
As healthcare systems grow in size and complexity, there has been an increase in hiring sprees for medical and healthcare services managers across hospitals, nursing, administration, and other similar institutions to oversee high-quality healthcare services management, including:
- Local, state, private, and government hospitals
- Pharmaceutical and insurance companies
- Medical billing firms
- Offices of physicians
- Medical equipment manufacturers
- Outpatient care centers
- Residential care facilities
This trend is driven by several factors, including:
- Overseeing an increasing number of staff: Healthcare systems continue to expand their operations and increase their staff, which in turn requires more managers to oversee them.
- The Increasing complexity of healthcare systems: Healthcare systems are becoming more complex as new technologies and treatments are developed, and the regulatory environment becomes more stringent. This complexity requires skilled managers who can navigate the various components of the system, such as billing, patient care, and regulatory compliance.
- An Emphasis on efficiency and cost-effectiveness: With healthcare costs rising, healthcare systems are under pressure to improve their efficiency and cost-effectiveness. Healthcare managers play a critical role in identifying areas where costs can be reduced while maintaining or improving the quality of care.
- A Focus on patient-centered care: Healthcare systems are increasingly focused on providing patient-centered care, which requires managers to have a deep understanding of patient needs and preferences and the ability to design and implement programs that meet those needs.
Online Healthcare Management Degrees
You can pursue majors in healthcare-related fields like health management with relevant areas of study like business administration.
Online healthcare management degrees provide ample ease and opportunities for you to work and study simultaneously, opening doors to a wide range of possibilities in healthcare services management. You can learn and practice at a pace that works for your schedule.
Healthcare management education covers hospital organization, medical terminologies, business administration, health information systems, accounting, and budgeting.
Online Healthcare Management Associate Degrees
An online associate’s in healthcare management degree program can be the first step to initiate your career in non-clinical healthcare administration.
The program helps you understand the basic concepts of medical terminologies, administration, and healthcare technology. An associate’s degree sets the stage for entry-level jobs and further specialization.
Types of degrees offered:
- Associate of applied business in healthcare management technology
- Associate of Science in healthcare administration
- Associate’s medical office administration degree
- Associate’s degree in medical coding
Coursework:
- Business administration, problem-solving, decision making
- Human resources
- Accounting and budgeting
- Marketing and economics
- Computer Applications and Statistics
- Physician practice management
- Healthcare Compliance
- Health information ethics
Online Healthcare Management Bachelor’s Degrees
An associate’s degree takes two years to complete, whereas a bachelor’s in healthcare management generally takes over four years as it requires more coursework.
If you wish to enter the workforce and start earning immediately, an associate degree is the way to go. Still, a bachelor’s degree is much better suited if you want to pursue a specialized career.
A bachelor’s in healthcare management prepares you to work in mid-level positions in healthcare services management. It helps pave the way for a master’s in healthcare management and further education, including certifications and licenses.
Types of degrees offered:
- Bachelor in health management
- Bachelor in medical and health services management
- Bachelor’s degree in healthcare administration
- Bachelor of applied science: healthcare management
Coursework:
- Healthcare operations
- Medical law
- Practicum and seminar
- Financial management in healthcare
- Risk management
- Software and technology
- Revenue management
- Senior housing management
- Human resources management
Online Healthcare Management Degrees
You can pursue majors in healthcare-related fields like health management with relevant areas of study like business administration.
Online healthcare management degrees provide ample ease and opportunities for you to work and study simultaneously, opening doors to a wide range of possibilities in healthcare services management. You can learn and practice at a pace that works for your schedule.
Healthcare management education covers hospital organization, medical terminologies, business administration, health information systems, accounting, and budgeting.
Online Healthcare Management Associate Degrees
An online associate’s in healthcare management degree program can be the first step to initiate your career in non-clinical healthcare administration.
The program helps you understand the basic concepts of medical terminologies, administration, and healthcare technology. An associate’s degree sets the stage for entry-level jobs and further specialization.
Types of degrees offered:
- Associate of applied business in healthcare management technology
- Associate of Science in healthcare administration
- Associate’s medical office administration degree
- Associate’s degree in medical coding
Coursework:
- Business administration, problem-solving, decision making
- Human resources
- Accounting and budgeting
- Marketing and economics
- Computer Applications and Statistics
- Physician practice management
- Healthcare Compliance
- Health information ethics
Online Healthcare Management Bachelor’s Degrees
An associate’s degree takes two years to complete, whereas a bachelor’s in healthcare management generally takes over four years as it requires more coursework.
If you wish to enter the workforce and start earning immediately, an associate degree is the way to go. Still, a bachelor’s degree is much better suited if you want to pursue a specialized career.
A bachelor’s in healthcare management prepares you to work in mid-level positions in healthcare services management. It helps pave the way for a master’s in healthcare management and further education, including certifications and licenses.
Types of degrees offered:
- Bachelor in health management
- Bachelor in medical and health services management
- Bachelor’s degree in healthcare administration
- Bachelor of applied science: healthcare management
Coursework:
- Healthcare operations
- Medical law
- Practicum and seminar
- Financial management in healthcare
- Risk management
- Software and technology
- Revenue management
- Senior housing management
- Human resources management
Online Healthcare Management Master’s Degrees
Many medical and healthcare managers hold a master’s degree in healthcare management. You can work in leadership positions and help devise policies and procedures for administering healthcare organizations.
Types of degrees offered:
- Master in health care management
- Master of Science in Health and social care management
- Master of health services management
- Executive Master in digital healthcare
Coursework:
- Healthcare Policy and Management
- Healthcare industry regulation
- Healthcare operations and supply chain management
- Healthcare policy analysis
Healthcare Management Salary Guide
Healthcare management focuses on specific knowledge of healthcare services, policies, and technology. Here are the different roles and their salaries that you can target for your career aspirations:
Healthcare Project Manager Salary
According to Indeed, the average healthcare project manager’s salary is $80,727.
What Does a Healthcare Project Manager Do?
Healthcare project managers collaborate with multiple stakeholders, ensure compliance with medical regulations, manage finances and health records, and proactively supervise staff operations.
What is the highest salary for healthcare management?
The highest salary for healthcare management is $143,079.
How Much Does a Project Manager at a Hospital Earn in Nyc?
A project manager in NYC earns around, on average $112, 581.
Healthcare Consulting Salary
According to Indeed, the average healthcare consulting salary is $66,699.
What Does a Healthcare Consultant Do?
A healthcare consultant advises healthcare organizations, such as hospitals, clinics, insurance companies, and pharmaceutical companies. A healthcare consultant helps organizations improve operations, increase efficiency, and reduce costs while maintaining high-quality patient care.
How Much Does a Healthcare Consultant Make?
A healthcare consultant makes, on average, $66,699 every year. The lowest 10% make $36,248, and the highest make around $122,730.
Healthcare Analyst Salary
According to Indeed, the average healthcare analyst’s salary is $71,864.
What Does an Analyst Do in Healthcare?
A healthcare analyst is responsible for analyzing data related to healthcare operations, policies, and procedures to identify trends, patterns, and insights that can be used to improve patient care, reduce costs, and optimize healthcare delivery.
Health Care Analyst Salary in New York
The average healthcare analyst’s salary in New York is $74,000.
Health Care Analyst Salary in Boston, Massachusetts
The average healthcare analyst’s salary in Boston, Massachusetts, is $81,383.
Health Care Analyst Salary in California
The average healthcare analyst salary in San Francisco, California, is $83,424.
Health Care Analyst Salary in Chicago, Illinois
The average healthcare analyst salary in Chicago, Illinois, is $77,500.
MBA Healthcare Management Salary
According to Payscale, an MBA in healthcare management can help you earn an average of $85,000 as a base salary, and you can expect additional incentives and bonuses per the organization’s policies. The most common role after completing the degree program is healthcare manager.
Healthcare managers help non-clinical organizations work more efficiently with hospitals and patient care providers. They have expertise in resolving regulatory and operational challenges in healthcare environments.
When you pursue an MBA in healthcare management, you’re not confined to a specific role. You have many options across operations, technology, management, and consultancy. Here’s a possible list of roles you can target after your MBA:
| Role | Salary range |
| Practice Manager | $48K to $90K |
| Project manager | $54K to $108K |
| Operations Manager | $48K to $110K |
| Healthcare Consultant | $59K to $154K |
| Healthcare Administrator | $56K to $150K |
| Business Analyst | $50K to $81K |
| Human Resources Director | $50K to $123K |
| Product Manager, Healthcare | $91K to $152K |
| Clinical Nurse Manager | $72K to $130K |
Is an MBA in Healthcare Management Worth It?
Yes, if you’re interested in healthcare administration. It provides a solid business and healthcare management foundation, leading to job opportunities in hospitals, medical research firms, pharmaceutical companies, insurance companies, federal and state public health agencies, and other healthcare-related organizations.
What Jobs Can I Get With an MBA in Healthcare Management?
You can work as a healthcare consultant, healthcare financial/operations/marketing manager, medical and health services manager, and health informatics manager, among other roles, across hospitals, health systems, insurance companies, consulting firms, and government agencies.
Conclusion
In conclusion, pursuing a healthcare degree in management can lead to a promising career with significant earning potential. With the healthcare industry continuing to grow and evolve, there is a constant demand for skilled professionals who can navigate the complex world of healthcare management.
Frequently Asked Questions
A: A career in healthcare administration can be rewarding and offer competitive salaries, but it’s important to research and determine if it’s the right fit for you.
A: According to Payscale, the average highest salary for healthcare administrators is $124,000 for someone with around twenty years of working experience. But if you’re starting out, you can expect to earn between $60,000 to $65,000.
A: Health administrators in large hospital systems or academic medical centers may earn more than in smaller clinics or physician practices. Additionally, administrators with advanced degrees or specialized certifications may be able to command higher salaries.
A: Healthcare administrators oversee the operations of healthcare organizations, including hospitals, clinics, nursing homes, and other healthcare facilities, to improve the quality of care and patient outcomes.
A: To start a career in healthcare administration, you typically need a bachelor’s degree, but a master’s degree and professional certifications can also be helpful. Gaining experience through internships or entry-level positions can also be beneficial.
