There are several different majors that are acceptable for this career choice. Click here to find out more about Spring Arbor University's Human Resource Development MBA specialization. The number of healthcare administrators is expected to grow 15.3% by 2026. List of Top Careers in Healthcare for 2020. Entry-level healthcare administrator jobs earn an average of $56,000 per year; gaining skills such as effective budget and operations management can put you on the higher end of the pay scale 2. There are so many certifications to be gained as a Healthcare Administrator, you will always have something to look forward to. Some areas of the United States have higher salaries, like California and Washington, while smaller states and less populated states pay their Healthcare Administrators a little less. Accurate, reliable salary … You may be wondering about how much you can make in your first job and beyond. Healthcare administrators in Virginia earn a median salary of $116,700 – about $17,000 more than the national average for these professionals. What is a Master of Healthcare Administration (MHA) Degree? This means that it can take anywhere from four to six years to become a Healthcare Administrator. Degree Options Yet, starting salaries for women average at $43,797, whereas that of a man is $49,677. Healthcare management and administration positions have potential for good salaries and demand for the position is expected grow in the future (see below). Median salary: $70,440 7 Most Master’s degrees take about two years to finish and can help you to earn a higher salary or gain that promotion you are looking for. If you are looking to start a career as a Healthcare Administrator, now is the time to take your first steps. There are many types of Masters degrees out there, from online to accelerated programs. Certified Healthcare Administrative Professional, Fellow of the American College of Healthcare Executives, Certified Professional in Healthcare Risk Management, Work in different departments such as insurance underwriting, health information management, or as a nursing home administrator, Evidence-Based Healthcare Administration and Literacy, Legal and Ethical Issues in Healthcare Management, Certified Healthcare Financial Professional, Certified Professional in Healthcare Quality. These healthcare managers will be working with employees as well as insurance companies, doctors, and patients in order to make sure everyone is satisfied. In states like Arizona and California, Healthcare Administrators can make over $120,000 a year. Veterinary Technicians assist veterinarians as well as diagnosing and treating animals, mostly in private clinics. Healthcare Administrators who have many years of experience and certifications can make over $150,000 a year in some areas, like Washington D.C. There are separate requirements for each of the certifications, so make sure you research the one that you are interested in. According to the U.S. Bureau of Labor Statistics, healthcare administrators are paid well for possessing these valuable skills. Certifications and experience can always help your career, but other things that you can do to accelerate your role as a Healthcare Administrator include: For those who have earned a Masters degree or have begun looking for new careers may find employment in areas such as: No matter the role you take as a Healthcare Administrator or beyond, it’s important to gain leadership skills, have a keen eye for detail and become experienced with all different types of people. The average Bachelor’s degree takes around four years to complete, and after two years of experience working as a Healthcare Administrator, you can become certified. It can be very lucrative to work as a Healthcare Administrator in the United States. A Healthcare Administrator’s main goal is to keep a hospital or other health facility running smoothly behind the scenes. As a Phlebotomist, it will be your responsibility to take blood samples from patients and send them to the lab for further testing. If you have less than five years of experience, you can expect to earn an average salary of $50,000. Not everyone will succeed in the role of a Healthcare Administrator. 501 to … Some of the highest paying healthcare executive jobs are: Hospital CFO – Hospital’s chief financial officers can make up to $257,000 per year. The BLS projects that the nation will need an additional 72,100 new healthcare managers to meet demand. All states require licensure, though requirements for gaining licensure vary by state. Salary. Not only that, but many employers require technology skills and other knowledge like math and English. This is quite a bit more than many other careers in this same field, the reason for this rise is that the baby boomer generation is growing older. The national average salary for a Healthcare Administrator is $64,493 in United States. All in all, it can take anywhere from 4 to 6 years to become a Healthcare Administrator. Our Healthcare Management specialization can help prepare you to play an important role in areas such as healthcare policy, managed care, insurance, information systems or finance. These facilities also pay professionals in the field the highest salary, at $122,460 per year. Potential pay can vary widely based on where you are hired. Developing a strategic vision for the hospital or department Nurse Administrator Salary & Employment As advanced-practice RNs, nurse administrators earn a median salary of roughly $81,033 annually, though pay can range between $58,518 and $121,870 per year. For a healthcare administrator with under five years of experience, the salary is also $49,000, and is $64,000 for 5-10 years of experience. According to the Bureau of Labor Statistics, the annual median breaks six figures, coming in at $116,080 – $16,350 above the national median. Job Highlights. Wages and salaries will vary depending on the local job market and your qualifications—someone with an MBA in Healthcare Management will likely earn more than someone with a bachelor’s degree. Some of the classes you can expect in a typical Healthcare Administration program include: In order to be eligible to earn a Bachelor’s degree in one of these majors, you must have a high school diploma and a 2.5 GPA in most cases. Over the next decade, this career will rise around 18 percent, which is outstanding compared to other careers in the healthcare field. While a Bachelor’s degree can take about four years to finish for full-time students, two years of that is taking general education classes. Salary is dependent on location, experience, credentials held, and other factors. Healthcare administrators working in private clinics earn an annual median salary of $107,530. The salary of health information specialists depends on a variety of factors, including the size of the employer, education, on-the-job experience and professional specialty. A Healthcare Administrator works with employees, customers, and patients in order to keep everyone safe and happy. Below are the most recent healthcare administration salary reports. Here’s a list of the average salary for healthcare managers in each U.S. state: The BLS creates projections for occupations across the economy. This career looks to potentially grow around 18 percent over the next ten years. As of May 2019, the average annual salary for healthcare managers was $115,160 per year ($54.68 per hour) nationally, according to the Bureau of Labor Statistics (BLS). The mean annual salary in the state is $133,900, far higher than the national number. There are several things that a Healthcare Administrator must work on every single day. The healthcare industry is ever-growing and with more available jobs on the horizon, many college students are turning towards a career specialization with a healthcare administration degree. Healthcare administrator average salary. 1-2 years experience. Most employers require that professionals have at least a Bachelor’s degree in Healthcare Administration prior to applying for this position. According to the Bureau of Labor Statistics, the average salary for healthcare administration in the U.S. is over $99,000 per year, much higher than the national average. Physical therapist assistants provide physical therapy services to patients and aide to physical therapists. As a Healthcare Administrator, you will be tasked with keeping on top of everything that happens in the areas of the hospital that only employees see, so you must be incredibly organized and able to work by yourself. Herzing does not guarantee a job, promotion, salary increase or other career growth. Home health aides provide home care to individuals who require assistance in their day-to-day living. States with smaller populations have salaries closer to $96,000 a year, like Mississippi. This is because they are tasked with making sure all of the fronts of the house business gets taken care of in a hospital or other medical facility. A Clinic Manager reported making $66,142 per year. However, for most Healthcare Administrators who want further education, earning a Bachelor’s degree is the most appropriate. The mean salary for all statisticians, according to the BLS, was $92,600 as of May 2018. Healthcare Administrators will see a rise in career opportunities over the next decade. It’s possible to earn a Master’s degree for this career as well, which can cost another $50,000 to complete. For now, it’s not legally required to have a Bachelor’s degree in order to work as a Healthcare Administrator, however, most employers expect it. Ultrasound technicians aid physicians in monitoring and diagnosing patients through the use of ultrasonic imaging technology. In states like Arizona and California, Healthcare Administrators can make over $120,000 a year. How Much Can You Make in Healthcare Management? At the 10-20 year point, the average salary is $77,000, and $78,000 for more than 20 years of experience. On average, a Bachelor’s degree in the United States costs around $25,000. A Bachelor’s degree can set up Healthcare Administrators for entry-level positions in most healthcare facilities. According to Payscale.com with the median income for a healthcare executive with an MHA is between $82,000 and $117,000 per year . 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