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How much money do healthcare administrators make

how much money do healthcare administrators make

According to the most recent report from adminisfrators U. Earnings of medical and health services managers vary by type and size of the facility where you work, and by adminiistrators of responsibility. A full-time health care administrator will typically be offered a benefits package including health care, vacation and holiday pay and sick leave and a k plan. As a healthcare administrator, your earning potential over the course of your career is likely how much money do healthcare administrators make grow as the medical field also grows. Health care administratorswho start out relatively small, managing single departments rather than whole practices, will usually find that they can advance with some experience. Employment of healthcare administrators is expected adminitrators grow 20 percent throughmuch faster than the average for all occupations.

Comparisons

Filter by location to see Healthcare Administrator salaries in your area. Salary estimates are based on 3, salaries submitted anonymously to Glassdoor by Healthcare Administrator employees. Is this helpful? Healthcare Administrator Salaries. Company Sizes. Years of Experience. Average Base Pay. Not enough reports to show salary distribution. Additional Cash Compensation. How much does a Healthcare Administrator make? Are you paid fairly? Get a free, personalized salary estimate based on today’s market.

Experience Affects Healthcare Administrator Salaries

Hospital administration is more dynamic than ever, particularly as the implementation of the federal Affordable Care Act continues to prompt an unprecedented number of hospital mergers, acquisitions, and alliances. Changing laws, a complex regulatory environment, and a proliferation of Americans receiving healthcare—or better healthcare—means the value of hospital administrators has never been greater. Healthcare is a business, and it is changing and evolving at a breakneck pace. Hospital administrators serve as a vital component to the efficient operation of a hospital system and the quality of care it provides its patents, even amid major changes. Hospital administrators coordinate all departments within a healthcare facility to ensure they function as a whole. Their expertise is required to administer, plan, organize, direct, and monitor the outcomes of medical and health services. Although the role of a hospital administrator varies from one institution to the next, their duties most often include:. Hospital administrators must stay current on any laws and regulations that impact the healthcare or hospital industry, as well as medical and technological advances. As business leaders, hospital administrators must oversee:. Their strong interpersonal skills are required when supervising and mentoring staff, interacting with the community, and collaborating with governing boards.

Healthcare Administration Salary

If you’re thinking of pursuing a career in health administration, you’ll want to know your future earning power. The lowest 10 percent of administrators e. It’s also worth noting that the salaries of healthcare administrators are influenced by a number of factors, including education, type of position, job setting, and region. These will be examined in more detail below. If you would like to be on the high end of the salary scale, a master’s degree is a «must», essentially qualifying you to compete for the better paid jobs in health care administration. Bachelor’s degrees don’t usually allow you to go beyond an entry-level position e. As you’d expect, health service managers who have high-level jobs, with a lot of responsibility, are able to command higher salaries than those in lower-level positions. Setting is also crucial in determining pay levels in healthcare administration. For example, health service managers who manage larger medical organizations e. Earnings of medical and health services managers also vary by state. These and more examples are shown below:. Salary variations are even more dramatic by area. Further information on regional variations in earnings can be found here. When embarking on your healthcare administration career, it’s worth considering the factors that will affect your earnings. These include:. She holds a PhD in Social Policy from the London School of Economics, and is the author of numerous articles in the field of public health. She recently served as an editor for a groundbreaking book relating to social determinants of health. Related Posts. AD Healthcare-administration-degree.

Median Doctor Pay: $187,000

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