Medical & Health Management

 

Earnings Potential

According to the Bureau of Labor Statistics, the median annual earnings of medical and health services managers were $67,430 in May 2004. The middle 50 percent earned between $52,530 and $88,210. The lowest 10 percent earned less than $41,450, and the highest 10 percent earned more than $117,990. Earnings also may vary by type and size of facility and level of responsibility. Administrator’s salaries were an average of $72,875 annually in practice 6 or fewer physicians, while in practices of 7 or more physicians the average salary was $95,766 annually.

Facts at a glance

  • Rapid employment growth is projected; job opportunities will be especially good in offices of health practitioners, general medical and surgical hospitals, home health care services, and outpatient care centers.
  • Applicants with work experience in health care and strong business and management skills likely will have the best opportunities.
  • Earnings are high, but long work hours are common.
  • A master’s degree is the standard credential for most positions, although a bachelor’s degree is adequate for some entry-level positions in smaller facilities and in health information management.

Summary of what this career entails

Bachelors, masters, and doctoral degree programs in health administration are offered by colleges; universities; and schools of public health, medicine, allied health, public administration, and business administration. In 2005, 70 schools had accredited programs leading to the master’s degree in health services administration, according to the Commission on Accreditation of Healthcare Management Education.

Examples and or details of work

In group medical practices, managers work closely with physicians. Whereas an office manager might handle business affairs in small medical groups, leaving policy decisions to the physicians themselves, larger groups usually employ a full-time administrator to help formulate business strategies and coordinate day-to-day business.

Degrees that lead to this career

The minimal level of education an individual can receive is a certificate. Some of the degrees individuals can attain include:

  • Certificate in Health Care Management
  • A.S. in Health Information Technology
  • B.S. in Health Information Technology Management
  • B.S. in Business Administration- Health Care Management
  • M.S. in Business Administration- Health Care Management
  • MBA in Health Care Management

Specific Career openings in this field

Some of the positions that can be available for individuals who want a career in Medical & Health Management include clinical managers and health information managers. Individuals can also manage different clinical departments such as physical therapy, home health care, rehabilitation services, diagnostic radiology, cardiology, laboratory services, and respiratory care.

References

Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2006-07 Edition, Medical and Health Services Managers, on the Internet at http://www.bls.gov/oco/ocos014.htm.

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