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Average Salary & Job Outlook
Healthcare Managers of General Medical and Surgical Hospitals Median Wages (2006) $78,660 annual
Healthcare Managers of Outpatient Care Centers Median Wages (2006) $67,920 annual
Healthcare Managers of Offices of Physicians Median Wages (2006) $67,540 annual
Healthcare Managers of Home Health Care Services Median Wages (2006) $66,720 annual
Healthcare Managers of Nursing Care Facilities Median Wages (2006) $66,730 annual
U.S. Minimum Wage
$10,712 Annually
*Source: US Department of Labor, Bureau of Labor Statistics
Like many health carepositions, job opportunities for health care management are expected to be strong. Job positions are expected to grow 16 percent through 2016, which is faster than the average for other occupations. In May 2006, the average annual income for medical and health services managers was $73,340. Wages can vary based on the type and size of the facility and the amount of responsibility given to the manager.
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Healthcare Management Careers
Graduates of Healthcare Management school can expect excellent employment opportunities, particularly for those who have experience in the healthcare field.
Healthcare managers, who are also referred to as healthcare administrators and healthcare executives, are responsible for managing all or part of a healthcare facility. In large hospitals, for example, a healthcare manager may oversee only one department and will work together with several other healthcare managers in order to ensure the smooth operation of the facility. At a smaller clinic, on the other hand, one healthcare manager may be responsible for overseeing the entire facility.
The exact duties of a healthcare manager may vary according to his or her position. Some areas of specialization may include:
- Clinical manager - creates and implements policies of a specific department, evaluates the performance of personnel and develops the budget for a specific department. Clinical managers often have medical experience that suits the department he or she is overseeing. For example, if the clinical manager is overseeing the physical therapy department, he or she will generally have experience or training in the field of physical therapy.
- Health information manager - maintains patient records and makes certain they are securely stored, which requires remaining current on the latest government rules and regulations as well as on how to use current software technology.
- Group medical practice manager - works with a group of physicians and handles business affairs such as budgeting, billing, personnel matters and patient flow.
Healthcare managers work within an office setting, but are frequently required to travel in order to attend meetings. Since most healthcare facilities offer 24 hour care, healthcare managers must also be on call in order to address problems as they may occur. Those who are willing to put in the hours, however, can enjoy significant advancement opportunities, including the opportunity to become the CEO of a medical facility.
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