By CSU Global - October 29th, 2018
If you enjoy creating strategies, working with health related data, and have a desire to take on a leadership role within the rapidly-growing healthcare field, a career in healthcare administration and management might be a great fit.
The healthcare administration and management field is growing at a 20-percent rate, which is much faster than the all-occupation growth of seven percent. An estimated 352,200 healthcare administration and management jobs will be added by 2026. With aging populations and constantly evolving healthcare technologies and policies, the demand for professionals in healthcare roles, including leadership (management and administration) roles, will certainly increase.
A degree in Healthcare Administration and Management will provide you with a solid foundation in ethics, human resources, healthcare policies, and business operations. You would also gain the following skills:
Once you have earned your degree, you can look forward to one of these impactful careers and many others:
- Hospital Administrator.
- Practice Administrator.
- Clinical Director.
- Clinic Operations Manager.
The field of healthcare administration and management reports a median annual salary of $96,540.
The median annual salary for all occupations in the United States is $37,690, so careers in this field are lucrative with great earnings and salary growth potential.
The Industry is Changing
As the healthcare industry continues evolving, there are a few trends of note that healthcare administrators and managers should be aware of:
Population Health Management.
Population health focuses on identifying and addressing the health care needs of specific populations, based on environment and socioeconomics. This is becoming more prevalent in the healthcare industry as healthcare providers seek to contribute to better health outcomes and disease prevention. Data analysis and policy, two constantly-evolving aspects of the industry, are the greatest points of focus for industry leaders.
There’s no doubt that technology is shifting every industry, but the role of artificial intelligence
In healthcare presents solutions unique to the medical field. AI may be used to diagnose illnesses, help patients stay on track with medication use and healthy habits, and streamline research for new treatments.
Cyber Threats and Cyber Security.
Cyber threats are a high-priority risk for organizations in all industries, and health care is no different. This industry has become increasingly vulnerable to cyber attacks, and is typically less prepared than the financial industry. Keeping patient and organizational data secure is of great importance, which means that healthcare administrators and managers will need to invest more in cyber security efforts.
The healthcare management field offers a wide variety of in-demand career paths to those with both graduate and undergraduate degrees in the field. As the workforce, technologies, and demographics continue to change, this industry will continue to grow and adapt to trends.
The CSU Global staff continually researches topics that are of interest to CSU Global students. Our goal is to support student success and learning outcomes.