What's the Salary for Careers in Health Services Administration?
Would you like to hold a leadership role in the health care field? Are you a good business manager? If so, you might want to consider becoming a health services administrator. These individuals oversee hospitals, doctors' offices and nursing facilities. Read on to learn more about how your education and experience may affect your average salary as a health services administrator. Schools offering Health Care Administration degrees can also be found in these popular choices.
Health Services Administration Job Description
Health services administrators, also known as health services managers, ensure that a medical facility is operating efficiently. If you're interested in working in this field, you'll typically need a master's degree to qualify for a managerial job. Knowledge of health care, computers and business management are essential to this position. You'll need to communicate frequently with physicians and office personnel to ensure that your department or facility remains on budget, while continuing to oversee the healthcare needs of patients are delivered effectively and efficiently.
According to the U.S. Bureau of Labor Statistics (BLS), there were 282,990 medical and health services managers in May 2010 (www.bls.gov). Job growth in this field was projected to increase by 16% between 2008 and 2018, which was faster than the average for all jobs, according to the BLS. The health services administration field will continue to expand due to the growing computerization of medical facilities and increased administrative paperwork from health insurance companies and government health plans. The BLS also reported medical and health services managers made a mean annual salary of $93,670 in May 2010.
Salaries by Specialization
The type of health care facility you choose to work at can greatly affect your salary. According to the BLS, the highest-paying industries were scientific research and development services, and medical equipment and supplies manufacturing. The former had an annual mean wage of $138,420, while the latter was at $134,460 a year in May 2010.
According to the BLS, about 108,000 health services managers worked at general medical and surgical hospitals, the most for these types of professionals. These health services managers earned an average annual salary of $99,570 in May 2010. Physician's offices were the second most popular industry, employing 26,910 workers and offering a mean annual wage of $91,820. Nursing care facilities employed 20,080 health services managers, and had an average annual salary of $79,010, the BLS noted.
Salaries by Experience
The average salary you might earn as a health services administrator also depends on your level of experience. According to PayScale.com, half of all medical and health services managers with less than one year of work experience earned an annual salary range of $29,661 to $47,500 in April 2011. The middle half of managers, with 5-9 years of experience, earned an annual wage range of $38,000-$70,000 during the same period.
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