Career Outlook: Master of Health Administration

Last Updated on December 13, 2024 by Joshua Isibor

If you plan to become a healthcare professional who manages hospitals and other medical facilities, a Master’s degree in Health Administration is the right degree program for you. Working in the healthcare industry is a very challenging task. This program trains you on how to efficiently keep things running—making you a perfect fit for healthcare and related facilities looking for administrative employees with experience in the healthcare field. Another key advantage is that jobs in healthcare management are always in high demand and often pay well.

After completing this program, you’ll have the opportunity to investigate management-oriented professions in various healthcare-related organizations and facilities. Additionally, you’ll be able to manage medical records, overlook staff requirements and performance, quality checks and even look after legal and regulatory compliance, to name a few.

The US Bureau of Labor Statistics predicts that between 2021 and 2031, there will be a 28 percent increase in job vacancies for medical and health services managers, which is about 56,600 new positions yearly. Compared to the BLS’s estimate of five percent for the national average for all occupations, this is considerably higher.

If you’re looking to take a management role in the field of healthcare, there are many Online MHA Programs available to facilitate your journey. Here are some managerial roles you can land in healthcare facilities with an MHA degree.

Medical Records Manager

This role entails developing policies and procedures for managing medical records and overseeing the work of assigned employees. You will supervise and manage the operations of the medical records unit and other office support services. Moreover, you will also check medical records for legal compliance, speaks with other employees about quality compliance issues, and take part in relevant committees. As of December 27, 2022, the average Medical Records Manager pay in the United States was $99,086; however, the average salary range is $81,747 to $117,767.

Hospital Administrator

Hospital administrators are in charge of all daily activities. They establish budgets, determine service fees, design, manage, and implement policies, and ensure that the staff gives patients the best treatment possible. Additionally, they are involved in departmental communication, personnel evaluation, and public relations. Hospital administrators fall within the medical and health services managers category, with a median annual salary of $101,340 as of May 2021, according to the US Bureau of Labor Statistics (BLS).

Health Information Manager

Managing the information technology of healthcare institutions, nursing homes, state-owned organizations, research organizations, and other facilities is the domain of health information managers. They create and maintain an organization’s information systems and digital health records. They are in charge of keeping patient information structured and secure. Therefore, they should be familiar with the most recent data gathering and storage technology. They frequently supervise the work of hospital workers and instruct them on how to use these medical record systems. According to Payscale, as on January 10, 2023, the average base salary for a Health Information Manager is $61,604.

Healthcare Consultant

Health-related businesses cooperate with healthcare consultants to increase their revenue and efficiency. They may be hired temporarily to help reorganize a department or permanently to help increase productivity. Healthcare consultants investigate and assess personnel, financial data, and regulations to identify cost savings or workflow improvement opportunities. They compile a report of their findings and collaborate with management to implement the suggested changes. As of December 27, 2022, the average compensation for a healthcare consultant is $87,320, although the average salary range is $72,232 to $108,980.

 Nursing Home Administrator

Administrators of nursing homes or long-term care institutions are in charge of all staff and patient care. They ensure the institution runs efficiently, makes a profit, provides excellent care for its inhabitants, and responds to emergencies when they arise. They are aware of the rules, regulations, and laws of long-term care. Administrators of nursing homes also assist with community outreach and long-term business objectives. According to Indeed, the average compensation for nursing home administrators is $106,570 in the United States, as updated on January 19, 2023.

Director of Nursing

This role puts you in charge of managing the nursing staff of a medical institution. They create and evaluate patient care policies and carry out administrative duties like managing finances and keeping track of medical records. They must ensure a high patient care standard and make excellent judgments in challenging situations. They collaborate with various individuals, including physicians, hospital executives, and patients and their families. According to Glassdoor, the average salary for a Director of Nursing is $123,102 per year in the United States, as updated on September 15, 2022.

Director of Rehabilitation

Hospitals that offer treatments for mental, physical, vocational, or substance misuse rehabilitation are overseen by directors of rehabilitation. They handle personnel, assess work output, maintain operations within budget, design effective work processes, and guarantee that the department complies with local, state, and federal regulations. Directors of rehabilitation should be proficient communicators with patients, their families, medical professionals, and hospital managers. They should also have expertise and understanding in the rehabilitation business. According to Glassdoor, the average salary for a Director of Rehabilitation is $96,901 per year in the US, as updated on January 2023.

Clinical Director

They oversee day-to-day operations at clinics, prioritizing patient care more than business objectives. They arrange work schedules and are involved in medical personnel recruitment, evaluation, and training. Depending on the magnitude of the workload, they may only oversee the organizational operations of one department or multiple departments. They promote a positive work atmosphere by enticing employees to collaborate toward common objectives. According to Indeed, the average yearly base salary for a clinical director is $86,035, as updated on January 19, 2023.

Medical Practice Manager

They are involved in many facets of the company, including invoicing, budgets, business planning, performance reviews, recruiting and firing, resolving conflicts, scheduling, putting workplace rules into place, staff training, inventory management, and more. To oversee all workers, from secretaries to doctors and nurses, they must possess outstanding leadership and communication abilities. According to Indeed, the average base salary for medical practice managers is $63,019, as updated on January 20, 2023.

Conclusion

To conclude, if you want to land managerial-level roles in the fast-paced healthcare industry. A Master of Health Administration is the perfect degree for you because these specialized skills are always in high demand and pay exceptionally well. The degree will remain valuable throughout your career.

Originally posted 2023-01-30 09:20:28.