The benefits of working in healthcare management
Are you looking for an exciting career in healthcare that won’t require decades of schooling? Are you wondering about the benefits of a career in healthcare management?
When folks think of healthcare jobs, they often immediately think of doctors, nurses, and EMTs. Yet the field also offers intriguing opportunities and solid salaries for those with different types of skills.
Here’s why you should be considering a healthcare management degree.
1. A Good Salary
Believe it or not, the median annual wage for managers in medical and health services was $104,280 as of 2020. Those in the highest percentile make almost $200,000 per year.
Once you find a job in healthcare management, you can expect several factors to influence your exact salary. Your location within the country, level of experience, and education will all play a role. As you continue to gain experience within the field, you can expect to expand your earning potential.
2. Excellent Job Prospects
The field of healthcare management is expected to grow by up to 32% by 2029. This is more than three times the average rate of job growth in the nation.
As new technologies are developed and hospitals and clinics grow, the demand for qualified healthcare professionals will increase.
If you’re good at what you do, you’ll have your choice of job opportunities. You might choose to work in private medical practice, nursing homes, or hospitals. It’s also possible to find work in rehab centers, group homes, or with medical supply companies.
In time, you may find yourself being promoted to positions that require more expertise. These include becoming a nursing home facilitator or healthcare supervisor. Even as the economy grows and changes, there will always be a demand for quality healthcare managers.
3. Reasonable Education
Unlike other healthcare professions, you won’t need endless schooling to become a healthcare manager. In fact, what you’ll need primarily is a bachelor’s degree in a related field such as nursing, business, or public health administration. You may even be able to earn credits needed online if you have another job or a family.
Before getting your first job in healthcare management, you’ll also be required to gain one or two years of clinical experience. This could be in management or administration in any number of settings.
Depending on your position, you may also choose to pursue an MBA in Healthcare Management before or during your employment. You can also earn a master’s in Healthcare Administration. These can serve to open up new doors of promotion or opportunity.
4. Opportunities For Advancement
As you work in different settings in your first healthcare job, you may find that you’re drawn to or particularly skilled at certain projects. For example, maybe you’re an ace at budgeting or excellent with patient care.
Healthcare management offers a real variety of advancement opportunities. You may want to move into nursing administration or planning and development.
Many careers can get stale if you aren’t working toward a goal. With a career in healthcare, you can choose a specialty and work at it with all your heart. In time, you can hope to be rewarded with more responsibilities and a higher salary.
5. Help the Community
Healthcare managers can make a big difference when it comes to helping the community as a whole. You may be helping to create new health initiatives or training medical staff. Or you may be assisting patients with their billing and insurance so they can get the treatment they need.
A career in healthcare management can really help you to make a positive impact on your town or city. If you’re looking to make a lasting difference, a career in healthcare management could be for you.
6. Helping Individuals
Many folks are drawn to helping professions such as healthcare because they’ll get the hands-on experience of helping others on a daily basis. You’ll get to help patients get top-quality healthcare and get to know them as individuals at the same time.
A career in healthcare management will also allow you to be of assistance to other medical professionals, such as doctors and nurses, whose job it is to save lives. You’ll be making their job less complicated so they can focus on treating patients. If your goal is to help others, healthcare management is a great way to make your work count.
7. Use Your Skills
A healthcare manager needs many soft skills that you may already be in possession of. If you’re a good communicator, flexible, and dependable, you may be a good fit. Good judgment and strong moral character are also important.
Healthcare administrators may also use skills such as planning, mentoring, and teamwork to bring healthcare teams together. You’ll also need to be a good planner and problem-solver.
Your education will also provide you with the practical skills needed to do your job well. You’ll need a strong understanding of business principles and strategies.
You’ll also need to be able to perform data analysis and administer budgeting. Decisions about hiring and new medical equipment will require some skill and expertise.
In addition, you’ll need to be able to ensure that quality standards are being met. If they aren’t, your job may require you to step in and be an agent for change.
The Benefits of a Career in Healthcare Management
A career in healthcare management offers a number of important advantages. These include an excellent salary, great job prospects, and a variety of work settings. If you’re interested in becoming a healthcare manager, it pays to explore a qualified educational program.
Don’t stop getting smart about your future now. For more information on business and careers, read our website today.