Why Pursue a Career In Healthcare Management?
If you’re on the verge of choosing a college major or making a mid-life career transition, consider adding healthcare management to the options on your list. Healthcare management/ healthcare administration offers a promising path for those who are passionate about some but not all aspects of healthcare, and who have a natural talent for business. A flash of social savvy, the ability to think critically, and strong analytical skills can also help in this field. Generally, healthcare management is an ideal place for those who like the challenges of administration and enjoy helping people overcome medical challenges, but who prefer to work in an office rather than a clinical setting.
Does this describe you? If so, you may enjoy the challenges and rewards of managing a hospital, private medical practice, residential facility, or care clinic. Here are a few other reasons this profession might be the right one for you.
The healthcare field is growing fast, and hiring is on the rise in every area of the country. To accommodate the healthcare needs of a wave of retiring baby boomers, clinics and private practices are opening everywhere, and these facilities need to hire and manage staff at a rapid and growing rate. If you have a degree in healthcare policy, healthcare administration, or business, the door to this field is wide open.
2. Earning Potential
While healthcare managers may have educational debts to pay off immediately after graduation, salary potential in this field can be high, so these debts may not last for long. According to the Bureau of Labor statistics, salaries for entry level positions in this field may start at around 40,000, but they can grow quickly into the six figure range. Larger clinics and hospitals in urban areas can usually provide faster salary growth.
3. Career Flexibility
Healthcare management skills are highly transferable from one employer to the next, and these skills can also support success in other fields as well. These skills involve staffing, coaching, motivating a team, and managing complex budgets and schedules.
4. Advancement Potential
In healthcare management, when it comes to career growth, the sky is the limit. If you’re looking for ways to take on more responsibility, increase you salary, and expand your field of influence, this career offers a great place to start. At the very top, large hospital CEOs are some of the highest paid professionals in any field.
To learn more about what it takes to launch your career in this demanding field, make an appointment with the Seattle staffing and career management experts at Pace.