Our healthcare system is undergoing profound change unlike any experienced before. Access, quality, and cost of healthcare are critical issues that affect all citizens, residents, and communities. The healthcare industry – which account for more than 17 percent of the entire U.S. economy – involves complex and fast-moving developments in technology, economics, ethics, finance, policy, and management. Visionary and effective leadership is needed to transform and improve management structures in a highly competitive, market-driven environment.
Tomorrow’s healthcare leaders must address such pressing issues as:
As the delivery system changes, career opportunities abound. The field needs transformation-minded leaders – in hospitals, health plans, medical practices, health-related enterprises, and community health organizations – who have the passion, knowledge, and skills to shape the future of healthcare.
All data and interpretations below are taken from the United States Bureau of Labor Statistics (BLS) Occupational Employment and Wages - May 2013 for occupational classification 11-9111 Medical and Health Services Managers "also called healthcare executives or healthcare administrators [who] plan, direct, or coordinate medical and health services in hospitals, clinics, managed care organizations, public health agencies, or similar organizations.
As the healthcare industry faces an aging baby boomer population and people continue to remain active later in life, the increased demand for medical products and services will continue. An increase in physicians, patients, procedures, and facilities will contribute to the growth of diverse opportunities for healthcare administrators. Services previously provided in hospitals will shift to offices of health practitioners. Increased amounts of medical information and staff will call for an increased need for qualified managers. Demands for nursing care facility administrators will likely increase in relation to the aging baby boomer population. Additionally, demands in medical group practice management are expected to grow as medical group practices become larger and more complex. This rapidly changing healthcare environment will continue to offer executive-level careers for highly talented healthcare professionals looking to make a difference.
States and areas with the health administration employment levels up to 27,530 include: California, Texas, Illinois, Indiana, Michigan, Ohio, Pennsylvania, New York, Massachusetts, Maryland, District of Columbia, Tennessee, North Carolina, and Florida.
As healthcare administrators apply their passion, knowledge, and skills to shape the future of our industry, they are competitively compensated for addressing the changes that accompany a rapidly growing field.
States and areas with the highest annual median wages include: New Jersey, Delaware, New York, California and District of Columbia with annual mean wages from $114,420 to $123,120 respectively.
The field of health administration offers a vast array of positions and opportunities for well-trained and professionally connected leaders to substantially improve the health and well being of the world around them.
Areas with the highest annual median wages include: Pharmaceutical and Medicine Manufacturing, Device Manufacturing, and Health Information Systems with annual mean wages from $165,400 to $140,870.