September 23, 2020
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What is the Average Salary for Careers in Healthcare Management?

Do you want to join the management team of a hospital or clinic? Are you interested in eventually leading an office or a hospital as the CEO? If you answered yes, it may be time to start pursing a degree with a concentration in Healthcare Management. There is no denying the fact that the public and private health sectors are on the rise, and there is a growing need for Healthcare Administration professionals to lead facilities from behind the scenes. It is extremely important for students to research career options before investing time into earning a degree that does not open up the right opportunities.

If you are interested in being a part of Healthcare Management and Administration, you should be sure to research current salaries and the potential for industry growth so that you know you are making a safe and practical choice. The best choices offer the opportunity for growth and good compensation packages. Here is your guide to average salaries reported in the field of Healthcare Management.

Average Salaries in Healthcare Management Based on Title

If your goal is to manage a practice, you will be a small scale administrator. Salaries paid to practice managers depends entirely upon the demographic area, the size of the practice, the age of the practice, and experience. In areas where the cost of living is high, salaries for practice managers will be higher than average. By averaging out the high and low salaries reported, the average salary for a practice manager is $79,000.

If you would prefer to oversee information and technology, another popular occupation in the field is health informatics manager. Informatics managers will be in charge of hardware and software, along with the flow of information throughout hospitals and other medical facilities. Information must be kept private and still reach different departments within an organization, and this means that managers in charge of the flow are highly paid. The average pay for a health informatics manager is reported to be $89,000 per year.

For professionals who want to work in a fast-paced setting as an administrator, the position of hospital administrator could be the perfect choice. This highly compensated professional plays a crucial role in the operations of hospitals, inpatient clinics and outpatient facilities. While compensation depends on the budget of the facility, the average salary is $110,000 per year for administrators in 2013.

Demand in the Field of Healthcare Management

Healthcare is a field that changes very rapidly, and to keep up with the constant changes there is a need for a team to manage and implement new procedures. With a growing diversity in the sector, there is a need for managers and administrators in a wide range of settings. More and more aging baby boomers are requiring healthcare, and upcoming medical insurance changes are going to rise demand for services. Now is a great time for anyone who is pursuing a career in the complex field of healthcare management.

Consider all of the management careers that you can pursue, and research average salaries individually. With so many different options, you are bound to find a position that interests you and pays well.

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