Top consulting firms like McKinsey and Deloitte can pay healthcare consultants a base salary of $140,000. Combined with a signing bonus and a performance bonus, one’s total compensation can easily exceed $200,000 per year.
MHAOnline.com Blog - What's Happening in Healthcare Administration?
This blog explores career paths, professors to know, industry changes, and other forces shaping the experience of online MHA students. These features cover the realities of pursuing an online degree, including applications tips, internship requirements, scholarship prospects, and advice for finding a job upon graduation.
Check back regularly for updates, including interviews with program administrators, career profiles, and application tips.
The leadership of most healthcare systems and healthcare facilities does not adequately represent the communities those facilities serve. Women of color represent 18 percent of the US population, but less than 4 percent of C-level positions across all industries.
Artificial intelligence is active in healthcare already, and it needs processes, frameworks, and organizational cultures that put patients first. That requires the collaboration of IT developers, healthcare leaders, AI researchers, and governmental entities. For healthcare administrators in particular, it is increasingly important to be bilingual, speaking the languages of AI and healthcare fluently.
If you are going to work as a healthcare administrator, you will almost certainly be working with some type of healthcare software platform. While each organization will need to pick a vendor that matches their own particular needs, there are a handful of major industry players that aspiring healthcare administrators would be well-advised to familiarize themselves with early on.
The highest-paid people in the healthcare industry are not necessarily doctors. In many settings, they are healthcare executives. According to the New York Times, executive salaries in healthcare saw a considerable increase in the 1990s, and the trend has since continued.
“No matter what scenario might play out—if we ever had a single payer system, or whether the ACA gets advanced further through a stronger public option, or even if it's more of the status quo—we're still going to need healthcare administrators,” Malte says. “They are still going to play a significant and transformative role.”
Dermatology clinic managers fall under the category of medical and health service managers, a profession which the BLS projects to grow by 18 percent between 2018 and 2028. Their main responsibility is to ensure a clinic is providing efficient, profitable, and compliant medical care.
With growth comes change, and few fields have undergone more change than healthcare. To lead in this industry requires a broad set of skills, and the agility to refine those skills to match innovations in technologies, policies, and processes. But even leaders don’t work alone.
Professional certification in a particular area of healthcare administration not only proves that the holder is competent in a specialized area, it also shows one’s commitment to continued education, professional networking, and industry-recognized best practices.