Interested in a Career in Health Administration? Here’s What You Need to Know
As you explore future career opportunities, we encourage you to consider healthcare administration. In the last couple of years, healthcare has become the largest employer in the USA and is expected to continue to grow by at least 20% in the next decade. Learn more about what it is like to work in one of the top growing industries.
What is Healthcare Administration?
Healthcare Administration is a field within healthcare or medicine that provides leadership, administration, and management of the various systems, such as hospital systems, healthcare systems, medical networks, and public health organizations. In other words, this is the business side of healthcare and medicine. National healthcare spending is projected to grow at an average rate of 5.5% by 2027 and reach a staggering $6 trillion. This requires a generation of healthcare administrators to manage the day-to-day operations of systems within the healthcare industry.
What Can I do with a Healthcare Administration Degree?
The best part of working in the #1 industry in the United States is that there are countless opportunities to grow and develop your career. Healthcare administration provides the opportunity to work in many business areas within hospitals and health systems, such as patient access departments, finance, medical records, billing, and human resources. In addition, you can also find opportunities in auxiliary healthcare organizations, including companies specializing in insurance, pharmaceuticals, healthcare marketing, long-term care, health policy, and social services.
What Does a Healthcare Administrator Do?
Healthcare administrators are responsible for managing the business of healthcare and medicine. This includes operations, staffing, budgeting, purchasing, relationship management with insurance companies, and policy development. While hospital administrators don’t tend to work directly with patients, they’re helping to manage patient experience behind-the-scenes to make sure their check in process, billing experience, and overall satisfaction with the healthcare facility will be positive.
What Do Medical and Health Services Managers Major In?
If you’re seeking future employment as a medical and health services manager, your job prospects will be favorable over the next 10 years. According to the Bureau of Labor Statistics, medical and health services managers can expect 18% growth, which is much faster than the average, and a median pay of close to $100,000. Before you can take advantage of the favorable job market, you’ll need to earn at least a bachelor’s degree in health services administration. Once you have established yourself in your new career, adding the Master of Health Administration (MHA) degree to your resume will prepare you to advance into more senior roles, such as administrator, manager, and healthcare executive.
Start Your Healthcare Administration Journey Today
Whether you’re just getting started or already have your foot in the door, Drexel University is proud to offer the following health administration programs designed with your career goals in mind: