November 23, 2020
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What is Healthcare Management?

An individual who wants to play an important role in healthcare without having patient contact may be interested in learning what healthcare management has to offer. A person does not need to be in the operating room, dispensing medication or providing direct care to patients to be a vital part of the medical industry. Without a good healthcare management system, a healthcare facility would not be able to effectively care for patients, keep a good staff or make a profit. Here is valuable information about healthcare management.

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What is Healthcare Management?

Healthcare management is exactly what the name implies. It’s the overall management of a healthcare facility, such as a clinic or hospital. A healthcare manager is in charge of ensuring a healthcare facility is running as it should in terms of budget, the goals of the facility’s practitioners and the needs of the community. A person in charge of healthcare management oversees the day-to-day operations of the facility.

This individual also acts as a spokesperson when providing information to the media. The person in charge of healthcare management also collaborates with medical staff leaders on issues such as medical equipment, department budgets, planning ways to ensure the facility meets their goals and maintaining a good relationship with doctors, nurses, and all department heads. The healthcare manager also makes decisions about performance evaluations, staff expectations, budgeting, social media updates, and billing.

Healthcare Management vs. Healthcare Administration

The terms healthcare management and healthcare administration are often mistakenly used interchangeably, and many people believe they are the same thing. They are two different things. Healthcare management is in charge of the entire healthcare organization while healthcare administration takes care of the staff and employees. The healthcare administrator may be in charge of hiring staff for a specific department, but it’s the healthcare manager who may determine if another employee should be hired.

A healthcare administrator will determine the best ways to help staff be more efficient at their jobs and will understand the type of treatment they facility will provide to patients. The healthcare manager is the one who decides on the treatment, number of staff and how each department should be run.

How to Become a Healthcare Manager

To become a healthcare manager, an individual should have a master’s degree in healthcare management, health administration or public health. While an applicant may be hired with a bachelor’s degree, most hospitals prefer the manager to have a master’s degree. The individual may choose a master’s degree in public administration or business with a concentration in health services management or healthcare management.

Career Outlook for Healthcare Managers

The U.S. Bureau of Labor Statistics (BLS) predicted that employment of healthcare occupations overall should see a growth of 18 percent during the 2016-2026 decade. By 2026, there should be about 2.4 million new healthcare jobs. Medical and health services managers are expected to see a growth of 20 percent. Those working as healthcare managers should see excellent career opportunities.

Wages for healthcare management professionals can vary by many factors, including experience, training, location and even employer. It can also depend on which agency is reporting the wages. The BLS reports that medical and health services managers earned an average annual income of $98,350 with the wages ranging from $58,350 to $176,130as of May 2017. According to a July 2018 wage report by PayScale, healthcare managers earned an average annual salary of $60,096 with salaries ranging from $32,479 to $94,855.

Working in healthcare can be very rewarding and satisfying, especially when a person is playing a part in helping others feel better. Healthcare management may not be directly related to patient care, but the patient care is only as efficient as the facility’s healthcare management team.