You wish to be the hospital’s top executive? Have a designated parking space of your own? Do you have the titles CEO, COO, or CNO after your name? You are aware of what “C” stands for, correct?
Indeed, you have the reins. Nonetheless, this is not a simple process. You are responsible for handling complaints from physicians and employees, patients, the general public, and insurance companies.
You may manage a full medical center or a particular department, but you will be required to adapt to continual change in healthcare rules, legislation, and technology. What do you think, Chief?
The first need is a bachelor’s degree. You can almost certainly anticipate the need for a Master’s degree, so stay in school and be prepared to enter graduate school immediately after earning your undergraduate degree.
The bachelor’s degree will prepare you for entrance to graduate school, therefore any BA or BS in liberal arts will suffice. Ultimately, you will need a master’s degree in hospital administration, however some individuals obtain an MBA and take hospital administration courses.
In general, hospital administration graduate programs require two to three years of study, and many include a year of supervised administrative work experience. Expect assignments in the following areas:
- health economics
- healthcare information systems
- laws and ethics
- strategic planning
- human resources
- accounting and budgeting
- hospital organizations and management
Consider the type of institution you’d prefer to work in before applying to certain programs. Some of the most common options include:
- nursing care home
- mental health
- group medical practice
Hospital A full-time administrator’s workload may extend beyond what is considered full time. If an emergency arises, you may have to turn up at all hours of the day and night.
In the same way that administrators in other areas keep things running smoothly, administrators in the medical and health care industries do the same.
Although some hospitals are nonprofit and others for-profit, the responsibilities of the organizations are the same. These are some examples:
- handling work schedules, money (patient fees and invoices), and certain fundraising
- activities while overseeing doctors, assistant administrators, and other hospital workers
- maintaining compliance with regulations, particularly those pertaining to healthcare, and guaranteeing quality in everyday operations
- maintaining all documents within the facility, representing the organization or firm at board meetings and investor meetings, and maybe making public appearances and/or holding a press conference
Medical and Health Service Managers had roughly 315,000 positions in 2012, according to the U.S. Bureau of Labor Statistics (BLS), with the biggest share working in hospitals (39 percent ).
According to Payscale.com, the typical annual pay for workers in this sector is $97,198, with the top 10% making more than $150k. Of course, this information excludes pay bonuses, which may frequently double or even quadruple basic salary in this area. Of course, pay varies according to years of experience.
The BLS also predicts that employment of Health Service Managers will expand by 23% from 2012 to 2022, substantially faster than the average for all occupations. As the baby-boomer generation ages, we may expect a rise in demand for healthcare employment. Administrators must manage and coordinate their required care.