Healthcare Administrator Salary – Facts & Figures

Among the topmost jobs in the healthcare industry is that of a healthcare administrator. Doctors and nurses are obviously very important but the healthcare administrator is the one who makes sure that they’re there when you need them and that everything runs smoothly. They manage hospitals as well as other healthcare facilities. Their primarily role is to oversee staffing requirements and to take care of personnel administration. The healthcare administrator salary ranges between $35,000 and $100,000, depending on the qualifications and the portfolio of responsibilities.

 

In hospitals, the healthcare administrator is expected to look after the long-term planning of the hospital. Financial administration is another key role. Purchasing, materials management and patient administration are also quite significant duties. In the biggest hospitals, the administrator is also expected to undertake matters of public relations (PR). Handling PR matters is an important duty as it has a direct bearing on the reputation of a hospital. When there are problems and reported issues with treatment rendered to patients, good PR can quickly resolve such situations. The Bureau of Labor Statistics (BLS) reports that the median annual healthcare administrator salary is $80,240.

 

The importance of this job cannot be understated and therefore you need to make sure that you get paid above the average salary. If you have the right amount of experience, you can also expect to receive several financial perks. Hospitals tend to offer the highest healthcare administrators salary, usually around $87,000. You can expect an offer of around $74,000 at an outpatient care center. Group practices of physicians also hire healthcare administrators and offer about the same as outpatient care centers. Nursing care facilities offer the least among the top tier of employers. You can expect to earn about $71,000 at a nursing care facility.

 

Most healthcare administrators have master’s degrees in addition to considerable experience in the healthcare industry. As they are generally considered managers, they need to be proficient in math and business. The job description can range from duties carried out by a hospital manager to a CEO. There are companies that have a roster of administrators and offer their services to hospitals and healthcare facilities when required on a contract basis. According to Department of Labor, there are 271,710 employees on a healthcare administrator salary nationwide.

 

If you’re unsure of where to start, then the best place would be a physicians office, especially a group practice. While you can only expect a healthcare administrators salary of about $55,000 when you’re starting out, once you have sufficient experience you can move on to bigger practices and then hospitals. Some prefer to start at a hospital itself and gradually move up the chain. The BLS expects the demand for administrators to grow much faster than most other professions. It is expected to grow the fastest in private clinics, as patients no longer depend as much as they used to on hospitals for a lot of their medical needs. As the number of patients increases in such clinics, the staffing requirements will also increase.

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