Best Healthcare Administration Jobs
If you are thinking about getting a job in healthcare administration, then this is the guide for you. Take a look below to see the highest-paying jobs in healthcare, as well as finding out which position could be the right one for you when it comes to advancing your career.
Highest Paying Healthcare Administration Jobs
Health Information Manager
This role is very data-driven. You will be responsible for making sure that the data is accurate while ensuring that there is a high level of efficiency. Health information managers will be able to work in hospitals, private practices or various organizations. This position came about as the result of the American Recovery and Reinvestment Act. This essentially meant that all healthcare facilities needed to implement electronic healthcare records by the year 2024. The government offered incentives to facilities that began using EHR, and they connected it to Medicaid and Medicare reimbursements. Technological advancements have made it possible to create an automatic entry of patient data into the system, which helped create a need for people overseeing and managing their system in general. This career will require a foundation of knowledge when it comes to understanding various forms of treatment. You’ll also need to know about billing codes as well as having experience with software and coding. Managers need to be able to supervise the people who are responsible for managing the data as well as ensuring that accuracy and completeness has a main focus. A lot of hospital CFO’s have a CPA license too. In very small facilities, it may be that a health information manager supervises employees but does a lot of the accountancy work themselves. In bigger facilities, managers will coordinate staff but still be responsible for ensuring the timeliness and accuracy of the reports.
Health information managers will also work with HR and recommend specialists that are not in-house. It may be that they also look at any staffing issues which may not be producing the best results financially. They will also create budgets, ensure that facilities are paying the right bills, and also source different lines of credit.
In short, it doesn’t matter whether the health information manager does a lot of the work themselves or whether they supervise a small team because their job is to manage everything that may pertain to both profit and loss. The career is at the crossroad between business, IT and healthcare.
If you’re interested in seeking this position, then it would be wise to obtain RHIA certification, as well as having a Bachelor of Science degree. The salary can easily surpass $81,000 per year. Take a look below to find out more about the top healthcare administration jobs out there.
Healthcare Consultant
Healthcare consultants need to communicate with their clients so that they can pinpoint potential issues. They also need to pinpoint operational issues, resolutions, collect financial statements, and find out how healthcare institutions can save money. This position can be performed anywhere, whether it’s at a hospital, clinic, rehabilitation center or even a private practice. Consultants are very important because of the ever-increasing complexity of reimbursement and regulations. Those who work for a consultancy firm tend to help develop procedures that the team will then implement. Consultants can advise doctors when they set up their own practice or even with securing financing. They also help them to set up credentialing and various contracts with providers. They’ll help establish procedures with billing and perform background checks on any potential employees that could end up working with the hospital.
One variation of this position would be the health lawyer. This career can be seen as a specialty position, but at the end of the day, the medical knowledge that is required brings it under healthcare management. Those who work in health law often need to make sure that healthcare facilities, such as hospitals and clinics, can meet local and federal rules. They also need to navigate contracts between various facilities, oversee employment documentation and represent people when it comes to legal or hospital disputes.
If you’re interested in pursuing this career, you have to make sure that you have a good knowledge of diagnostic coding, billing, and healthcare ethics. The route here would be for you to get an undergraduate degree in healthcare administration before completing a formal education at law school. The average salary of a lawyer is around $122,960. Healthcare salaries range from $50,000 to $130,000 per year.
Hospital Administrator
A hospital administrator will be needed in a number of facilities. They can work in hospitals, nursing homes, rehabilitation clinics and more. The position is ultimately responsible for overseeing various health services. The hospital administrator is often responsible for interviewing doctors as well as managing financial budgets. They are also responsible for securing funding for the practice while scheduling staff. It’s also their job to maintain the quality of care that is being given to the patients. All of this needs to be done while complying with the various government guidelines that are present.
Those who want to pursue this career can obtain a master’s degree in healthcare as well as earning the RHIA certification. This will increase your chances of being able to secure a position. The salary for someone who works in this position tends to start at $51,000 a year, but it is possible for you to earn up to $172,000 a year.
Pharmaceutical Product Manager
Healthcare often involves technology and drugs. It also involves practitioners. In this sense, a health insurance policy is still classed as being a product. That being said, most roles will involve you dealing with pharmaceuticals. Doctors have to make sure that they have access to drug interventions. Healthcare managers who work in the pharmaceutical sector will be responsible for making sure that the drugs sold by a production company are marketed properly and that they are beneficial. This is not a hospital role but one that is carried out at a drug production company. You will need to do your own research to find out what people need. You will then need to try and coordinate your efforts so that you can produce a product that ultimately meets that need. Additionally, you will need to supervise a team of professionals that make the product. This will need to be done throughout the entire process, from the conception to the final marketing stages.
It’s vital in your role, that you understand all of the medical codes and that you are also aware of the warnings and interactions that come with the product. This will need to be done with the advertisements as well as with the labelling. The product manager will be responsible for coordinating and supervising the elements that relate to the medical products as well. Investment analysis, marketing data reviews and product promotion will be fundamental aspects of this career. A great deal of pharmaceutical knowledge will be required here, and you will also need to have a background in science as well. You will need to have strong leadership skills, experience with data analysis, managerial experience and business knowledge. The path for this career will begin with you obtaining a bachelor’s degree in science. You can also obtain a degree in chemical engineering, management or anything similar. You will then need to train as a junior or intern, with the option to progress your leadership capabilities. Obtaining a master’s degree will also make you a more desirable candidate. You can expect to earn around $120,000 a year with this position.
Hospital CFO
The main responsibility as a hospital CFO is for you to make sure that your hospital is run in the most cost-efficient way. CFO’s are required to be very result-oriented, and they also need to be forward-thinking. Being innovative is also vital, along with a solid understanding of accounting, personnel management and finance. The educational requirements for this position include MBA’s, a bachelor’s degree and also a CPA certification. An MBA is not a strong requirement, but it is a very competitive field and therefore will set you apart from other candidates. A lot of CFO’s have their own CPA license. In smaller facilities, they may supervise employees and do a lot of the accounting themselves. They may also supervise larger teams of staff, but ultimately, their job is to work with HR and procure top talent when it comes to specialists. They will recommend specialists that may be essential but who don’t work in-house while also dealing with potential staffing issues. The job of a CFO will also be to achieve the best financial results.
Additionally, a CFO will need to create budgets, source various lines of credit and ensure that the facility itself is paying the required bills. They are responsible for staying up to date on any healthcare policies, which may include Medicare and Medicaid. They supervise reimbursement schedules, and they also manage a lot of different roles. CFO salaries can range anywhere from $106,000 to $250,000 per year.
So it would seem that the top-paying jobs pertain more to healthcare managers. Someone has to work hard to try and manage the upward-spiraling trend when it comes to financial issues or quality issues. If you have the right credentials and if you have the right amount of dedication, then you can have a very satisfying career in any of these positions. It doesn’t matter whether you want to crunch numbers or whether you want to research new products because a job in healthcare administrative management could be the best option for you.
Popular Healthcare Administration Jobs
A degree in healthcare administration will give you a very large variety of career options. Even though working in a hospital may seem like the most obvious option, you need to know that there are so many career options out there that do not require you to work in a hospital at all. If you want to pursue any of these options, then it would be wise for you to obtain a Master’s in Health Administration. This will help you to seek the right healthcare administration jobs for you.
Clinic Administrator
Clinical administrators at a medical clinic are also called managers or supervisors. They have a huge list of responsibilities, and some of them include hiring or training staff. They will also need to make schedules for staff and carry out meetings. Some of these responsibilities include hiring and training staff, making staff schedules, and conducting staff meetings. You will also be responsible for the maintenance of the facility while also ensuring that the right policies are implemented. Overseeing the billing is also important, along with employing various marketing campaigns. Depending on the clinic that you work for, the range of responsibilities will differ, but one thing is for sure, you will have some very important undertakings if you want to pursue this role.
Nursing Home Administrator
The job of a nursing home administrator will be for you to oversee the clinical and administrative affairs of the nursing home. Related facilities will need to be upkept as well. Traditional responsibilities will include personnel recruitment, management, training and staffing. Other tasks may well include the upkeep of any medical supplies or facilities. If you want to try and apply for this role, then you will need to make sure that you are experienced in the realm of healthcare. You will also need to make sure that you are driven and able to complete administrative tasks with a high level of efficiency.
Department of Human Services Care Administrator
The US Department of Public Health is the main agency when it comes to protecting the general health and wellbeing of Americans. Pursuing a career with this allows you to pursue a career that impacts the world. It’s challenging when you look at the duties that you need to do, but at the same time, you will also find that it is incredibly rewarding. Some of the responsibilities that you have will differ based on the overall division you are with, but at the same time, you can expect to manage staff, finances, facilities and more.
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Consulting Health Administration
Consultants tend to have the ability to work for just about any facility. The responsibilities you have will vary depending on whether you are working in-house or whether you are outsourced. Either way, the basic tasks tend to be very similar. If you work as a consulting healthcare administrator, then you will need to work hard and implement systems that revolve around employee development, information technology, human resources, finance and more. If you are an outsider who has been hired to work with a group, then you may have another outlook on given situations, and this can help you to deliver fresh ideas as well as being able to come up with workable solutions that go on to benefit the organization as a whole.
Insurance Underwriter
If you have finished your Master’s In Health Administration, then this will give you the chance to work as an underwriter if you want to pursue this role. You will review any applications, and you will also determine whether or not someone should be accepted or rejected. You will also need to work through the financial data that you have and evaluate any of the financial risk that may be present. Most importantly, you will then need to translate and communicate this information to the healthcare professional on behalf of the company. Having a lot of experience will help you with this role, especially if your experience lies with data comprehension.
Social Welfare Administration
A social welfare administrator will coordinate the activities of a social services program. This can also be done on behalf of a community outreach organization. Providing direct support and services to individuals is often done, especially in the case of a child advocacy issue. In your role as a social welfare administrator, you will also need to perform evaluations and resolve complaints. Additionally, a social welfare administrator will create and then uphold relationships with other agencies. This is done to ensure that community needs are actually being met. A social welfare administrator will also manage staff as well as volunteers. Their work will be evaluated, and certain programs will be recommended based on their progress. Ensuring that they are performing their job to a high standard is also important, along with ensuring that the resources present are being used efficiently.
Healthcare Program Director
There are many opportunities if you study healthcare administration or if you want to advance your career by changing roles. One option would be for you to undertake the role of a healthcare program director. A director is responsible for ensuring a quality education as well as ensuring that course curriculums meet the required standard. They are also responsible for helping students to learn as well as maintaining faculties.
Hospice Administrator
If you work as a hospice administrator, then your job will be to manage a lot of the fiscal operations. This could include accounting, planning, budgeting, or even offering rates for services. Additionally, you will need to discuss the needs of the general community. A hospice administrator will be tasked with the development and the execution of policies while ensuring that the right procedures are carried out for the hospice units.
Home Healthcare Administrator
A home healthcare administrator will supervise healthcare workers and nurses. They will also make sure that they provide a high standard of healthcare to patients in their home. Healthcare administrators will work primarily behind the scenes to ensure that funding and patient needs are met. Additionally, you may also need to work with staff to ensure that they have the right training. Employee development is a main focus, as well as ensuring that staffing is at an optimum level. If you are able to get a Master’s in Health Administration, then you will increase the amount of opportunities that are available.
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Health Insurance Specialist
If you work as a health insurance specialist, then you will normally work with medical records. You will also need to practice code and then bill professionals accordingly. Insurance companies will need to ensure that the benefits of a plan are applied and that new development plans are created. In this position, you will work closely with various other healthcare professionals as well as working with community organizers. It’ll be your job to coordinate programs to ensure that the community as a whole benefits, whether it is families or individuals.
Medical Practice Manager
This career involves you managing a lot of practices. This can include larger groups or physicians and their organizations. You will have varying responsibilities, including administrative work as well as handling staff and ensuring that the practices are growing at an optimum level. The job will vary depending on your location, but it’s a good idea for you to understand the job market in your area if possible before you jump into the search for a position.
The Healthcare Sector is Growing - Time to Find Your Perfect Career
Did you know that five out of the top 20 industries with the fastest projected growth are in the healthcare sector? In 2020, it was the fastest-growing industry. More and more jobs are being created by the day, and this ultimately means that there has never been a better time for you to find the perfect job. If you are interested in finding a job or if you believe that now is the time for you to make a change, then the only thing that you need to do is check out the positions we have available. You can also look at the employers that we work with as well.
All in all, it doesn’t matter whether you have administrative experience right now or whether you are currently undergoing training and want to ensure that you get a role that is suited to your personality as well as your future qualifications, because these positions are very popular and sought-after amongst professionals. They pay very well and have plenty of growth opportunities if you want to expand into a different sector.