Careers for a Master’s in Health Services Administration graduate mainly involve activities such as initiating financial plans for a health department, creating health insurance policies and directing medical services. Additionally, professionals in public health are agents involved with health promotion, and disease prevention through the use of education and evolution of healthy lifestyle. Listed below are the five careers for a Master’s in Health Services Administration graduate.
Hospital Chief Executive Officer (CEO)
It is of great significance for a hospital to be managed in a highly cost effective way. As the Medical CEO, you are accountable for controlling all of the financial budgets involved in your health care firm. Moreover, working as a Hospital CEO entails you to be responsible for a lot of book keeping of records, and coming up with financial plans that will benefit the healthcare organization you are working with. You will also be required to coming up with new ways of saving money in the healthcare facility, negotiate upcoming contracts with merchants, do budgets, and choosing top executives who will be responsible for carrying out key roles in the organization.
Hospital Chief Financial Officer (CFO)
A hospital CFO works to ensure that the medical organization is managed in the most cost efficient way as possible. As a CFO, you will be in control of managing all the hospital’s financial risks. Your work will also include keeping financial records and handling most of the financial planning in a way conforming to the defined objectives and policies set out by the hospital. Further, you will be required to report the financial standing of the healthcare institution to the Chief Executive Officer, and other superior positions in management. The hospital CFO is mainly responsible for ensuring that the whole healthcare facility is running appropriately financially.
As a Hospital Administrator, you will be involved in the behind the scenes activities of the health care facility, making sure that they are working as efficiently as possible. Most hospital administrators are employed to work in outpatient clinics, hospitals, nursing homes, research institutes, laboratories, specialized clinics, or private care groups. In many cases as the medical administrator, you will be required to develop new policies for patient services and QA, guarantee observation of government policies, develop budgets, implement and promote new types of medical treatments, and hire new doctors. Besides, a hospital administrator also takes charge of making sure that the hospital operates in compliance with the various regulations that regulate health system operations.
Pharmaceutical Product Manager
As a graduate with your Master’s in Health Services Administration, you can work in a Pharmaceutical industry as a product manager. While employed in this industry at this position, your job will be to coming up with new advancements for new devices and drugs, review market data, and analyze investments. An interest in becoming a pharmaceutical product manager requires you to have both leadership and consulting experience. Additionally, you will be in charge of overseeing and coordinating every segment of medical products. You will also be required to plan, direct, and manage technical activities to support technology transfer, scaling up drug products, and process validation for newly approved products.
Medical Services Practice Manager
Tasks assigned to medical practice managers are more of the same but differ on a smaller scale. Regarding health service administration, working as a medical practice manager requires you to be responsible for managing and hiring new staff, ensure that the healthcare center operates in compliance with the Health Insurance Portability and Accountability (HIPAA), and work on budgeting. You will also be responsible for ordering supplies, billing, managing the organization’s schedule, and ensuring that the hospital complies with the government rules and regulations.
In conclusion, for you to effectively work in a health service administration field, you will need to be well versed with information related to managing budgetary and human resources. This is necessary as you will be required to deliver effective services related to public health.