Healthcare administrators and managers are an indispensable link to quality healthcare. The doctors and nurses we see are on the front lines of a complex system of planning, coordination, and direction. Managing the structure and operation of this system is the task of professional healthcare executives. It is their job to administer medical services at all levels, from physician group offices to specific clinical departments within a larger organization or entire medical facilities. If that weren’t enough, working in healthcare administration requires keeping up with changes in healthcare laws and regulations, best practices, and technology. The best doctors and nurses in the world can’t do their jobs effectively without the support and oversight of professional healthcare service managers, administrators, and strategists.
A Career in Healthcare Administration
The healthcare industry is one of the fastest-growing sectors in the economy. The Bureau of Labor Statistics projects job growth of 20 percent in healthcare administration through 2026. “Much faster than all other occupations,” BLS data show.
With an aging baby-boomer generation and people living longer, more active lives, the need for an expanding variety of healthcare services and professionals to administer them will grow into the foreseeable future. The median salary for healthcare is $99,730. A bachelor’s degree is typically required for entry into the profession, but according to the BLS, “candidates with a master’s degree in health administration or a related field, as well as knowledge of healthcare IT systems, will likely have the best prospects.”
A postgraduate degree will open doors for working healthcare professionals to further advance their careers.
Education Options for Healthcare Administration
There are two graduate degree tracks at New England College open to students building their careers in healthcare administration:
What’s the difference between the two?
It may sound a little confusing at first. There is some overlap between the two degree programs. Essentially, an MSM prepares professionals interested in managing staff needs, while an MBA track leads to managing broader strategic business aspects of a medical facility.
Examples of jobs best suited for an MSM degree include hospital administrator, clinical manager, and healthcare services director, to name a few. These jobs focus on managing staff and the delivery of services.
An MBA in Healthcare Management can lead to strategic business planning and policy, including healthcare consultant, hospital CEO or CFO, health information manager, policy analyst, and pharmaceutical project manager.
For those working in entry-level positions and interested in furthering their careers, pursuing either an MSM or MBA in healthcare administration online is an attractive option.
Meet the Challenge, Navigate the Future
Whether your passion is making sure a medical facility runs smoothly or you want to help develop healthcare policy within an organization, a career in healthcare administration can be both rewarding and challenging. With the right education from New England College, you can meet the challenge and help advance the industry of well-being.