The opportunity to make a difference
As a healthcare administrator, you might think that doctors and nurses are the ones who are really "doing good." But the truth is, they wouldn't be able to do their jobs as well if they didn't have the help of managers and executives. You are responsible for making sure the hospital or other healthcare facility stays organized, on budget, and efficient. A lot of people go into the healthcare field because they want to make a difference in other peoples' lives, and you could help improve the lives of hundreds or thousands of people every time you go to work. It is one of the most rewarding parts of the job – the ability to affect change and do something positive and meaningful through your work.
An important role in the community
People who work in healthcare are often considered valuable community members because they give their time to heal others, and executives are also considered visible and valuable because they are in high-powered positions where they call the shots. As a healthcare administrator you will have both reputations and can use your role in the community to make a difference in many different ways. Not only that, but hospitals and other healthcare organizations often employ large numbers of people in their region. As such, you will also be credited with employing, managing, and protecting the jobs of hundreds or even thousands of people.
A long list of career opportunities
Healthcare management is a wide field that serves an essential industry – an industry that is one of the largest in the United States. In fact, the healthcare industry as a whole supplies about 11 million jobs to eager workers all over the country. Not only that, but a large percentage of private sector jobs in the last few years have come from healthcare, and it's a field that's still growing quickly (estimated growth rate of 23% between 2012 and 2022). And all those jobs need supervising and managing! Because there is so much demand for healthcare managers, you might find a job in a hospital, doctor's office, or nursing home. Or you might work for the government, in consulting, with device manufacturers, or for a pharmaceutical company. You could also have job opportunities with health insurance companies, professional societies, or financial institutions. There are also job opportunities for you in a variety of geographic regions, from small towns in rural areas to big cities to international positions.
As of 2012, healthcare managers earned, on average, about $88,000 a year – the equivalent of about $42.50 an hour. Top earners in the field bring home more than $150,000 a year, and if you gain a lot of experience and rack up a list of achievements, you could earn more than $200,000 annually. It all depends on how high-ranked an executive you become and what you accomplish over the course of your career. The good news is that even if you start out in the lowest 10% of earners, you'll still make more than $50,000 a year – a perfectly respectable income. You will have the highest earning potential, however, if you manage large groups of healthcare practitioners – typically considered groups of 26 or more.