Ever wondered how healthcare insurance companies assess risk and calculate their premium costs? Read on to learn more about a day in the life of a healthcare actuary—a financial prediction specialist who uses statistical analysis to estimate costs for health insurance companies.
Day in the Life
The “Day in the Life” articles explore the certification and education requirements, daily responsibilities, and work environments of popular careers in healthcare administration.
Hospice administrators oversee the operations of a hospice agency. While a nursing home or a long-term care facility will focus on patient longevity, hospice services are provided to people who are believed to be in their last six months of life.
Being the chief executive officer of a hospital means being part business leader and part politician, requiring a blend of diplomacy, advocacy, business management, and financial sense. And the stakes of this role aren’t just profit and loss, but life and death.
Being a psychiatric-mental health manager is a rigorously demanding job that can tax one’s heart and soul, but the outcomes can also be life-changing: getting a homeless person into housing, finding an addict a support group, or placing a schizophrenic into a compassionate cycle of treatment.
Every game needs a set of rules. Industry regulations ensure a safe and equitable playing field for all involved participants. But these types of rules are far more complex than those found in an NFL game, and that’s why organizations operating in regulated areas hire experts specifically tasked with regulatory adherence.
Every day, health organizations like hospitals, clinics, and physician offices collect data about their patients. This information is used to make data-driven decisions in order to provide the highest level of care to their patients as well as reduce expenses and errors. From the outcome of a particular treatment to a large-scale clinical trial, health data is a critical part of the modern healthcare process. Clinical data analysts help to make sense of the extensive data that is at their fingertips, creating stories that turn numbers into actionable intelligence to improve healthcare outcomes.
Death is never easy, and the job of a bereavement coordinator isn’t, either: this is a delicate position that requires expert training and a wealth of compassion. But for the people they serve, bereavement coordinators offer critical support at life’s most difficult moments.
It can be challenging for doctors and other medical professionals to keep up-to-date with all the new drugs on the market, which is why pharmaceutical sales representatives are critical. They provide educational materials to doctors, put on seminars to explain new medications, and attend medical conferences to inform health care workers about the latest in drug development.
In today’s healthcare organization, practically everything is connected to data and IT, giving health informatics specialists a broad but crucial role to play. That’s one of the reasons they enjoy a high salary: according to PayScale, the top 10 percent of health informatics specialists earn over $103,000 per year.