Growth Trends for Related Jobs
With the U.S. Bureau of Labor Statistics projecting 20 percent job growth for health services managers in the next decade, professionals with an MBA in health care management should have solid employment options. The MBA program prepares you for leading jobs in health care facilities, consulting firms and government agencies. You can work as a practice manager, health care business consultant, hospital administrator or health policy analyst.
Hospital administrators provide guidance and leadership in facilities such as hospitals, outpatient centers and nursing homes. In this career, you will be responsible for gathering and positioning human and financial resources in order to achieve institutional goals and objectives. For example, if you are hired by a newly constructed trauma center, you are expected to develop an elaborate organizational structure, including creating departments and units where health care staff can provide comprehensive emergency medical services to patients suffering traumatic injuries.
Practice managers manage medical ethics, ensure compliance with legal requirements and develop efficient communication strategies within a health facility. A practice manager working in a nursing home, for instance, focuses on creating a profitable, effective and healthy working environment where clinical staff can meet practice standards and deliver quality care to patients. These professionals also participate in departmental strategic planning and institutional projects related to continued accreditation, hospital satisfaction and quality assurance.
Health Care Business Consultant
Health care business consultants assess organizational structures, identify fault lines and make appropriate recommendations for enhancing regulatory compliance and increasing operational efficiency. These consultants are conversant with consumer trends in the health care industry and can offer effective solutions to a wide array of health care management issues, including integration of information technology into health care management. For instance, an outpatient medical center looking to automate patient payment services can hire you to evaluate its operations and recommend a suitable health care financial management system.
Health Policy Analyst
With the extensive training in health economics, laws and policies that an MBA program in health care management offers, you can secure influential jobs in government agencies, such as the U.S. Department of Health and Human Services. Such careers give you the opportunity to analyze various health policies and identify how they can be streamlined to expand access to high-quality, affordable health care to all American citizens. You can also work as a researcher in health organizations that are actively involved in health care reform.
2016 Salary Information for Medical and Health Services Managers
Medical and health services managers earned a median annual salary of $96,540 in 2016, according to the U.S. Bureau of Labor Statistics. On the low end, medical and health services managers earned a 25th percentile salary of $73,710, meaning 75 percent earned more than this amount. The 75th percentile salary is $127,030, meaning 25 percent earn more. In 2016, 352,200 people were employed in the U.S. as medical and health services managers.
- Bureau of Labor Statistics: Medical and Health Services Managers
- Wharton University of Pennsylvania MBA in Health Care Management
- University of Pittsburgh: Principles of Health Administration
- Royal College of General Practitioners: Practice Management
- Harvard Business School: Benchmarks for Confronting the Challenges for Innovation in Health Care with a Modern Curriculum
- U.S. Department of Health and Human Services: HSS Careers
- U.S. Bureau of Labor Statistics: Occupational Outlook Handbook: Medical and Health Services Managers
- Career Trend: Medical and Health Services Managers
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