Health Management Degree – Today’s effective healthcare managers integrate industry-specific knowledge with modern business administration abilities because healthcare is a booming employment field. A lot can go wrong in complex institutions like hospitals, rehab centers, mental health facilities, and nursing homes if there is little oversight. The results of improper management at these facilities may be fatal. Here Health Management Degree Holders come into role.
People who want to run healthcare organizations frequently pursue specialized training in either health care administration or health care management (Health Management Degree) due to the high stakes involved in managing such companies. These two phrases are interchangeable when referring to the academic field that focuses on comprehending and resolving the numerous issues that beset the healthcare sector, such as the difficulty of enforcing safety and quality standards while keeping expenditures under control.
Why Should You Choose a Health Management Degree?
Students who complete the Health Management Degree program are prepared for positions in health policy and/or management. The course work may result in a job in the healthcare industry, employment by the government, or graduate work in fields like health administration, health informatics, epidemiology, business, or law. These fields are expected to expand faster than average, according to the Bureau of Labor Statistics of the Department of Labor.
Courses in Health Management Degree
Every student is interested in learning what courses are necessary for their future degree. There are many courses available in Health Care Management Field, you can earn a Health Management Degree by taking the following courses:
- Professionalism and Communication in Healthcare Settings
- Healthcare Compliance and Quality
- Healthcare Human Resources Management
- Healthcare Operations
- Healthcare Management Capstone
- International Healthcare
- Business Project Management
Jobs After Health Management Degree: What You Can Do With Health Management Degree
Career Options After Health Management Degree: There are various leadership positions available in the healthcare industry due to the variety of healthcare organizations, which range from regional nonprofit hospitals to Fortune 500 pharmaceutical businesses to worldwide for-profit enterprises. Examples include:
- Behavioral health director.
- Chief executive officer.
- Chief financial officer.
- Chief medical officer.
- Chief nursing officer.
- Chief operating officer.
- Clinical director.
- Director of mental health.
- Doctor’s office manager.
- Health care business or strategy consultant.
- Health care compliance officer.
- Health care finance manager.
- Health care operations manager.
- Health care quality improvement manager.
- Health care risk manager.
- Health informatics director or manager.
- Hospital administrator.
- Medical records manager.
- Nursing home administrator.
- Practice administrator.
- Pharmaceutical quality manager.
- Rehabilitation manager.
Salaries for Individuals with Health Management Degrees
The healthcare management and administration sector is expanding more quickly than the national average vocation thanks to a historically robust healthcare sector overall. In fact, according to projections from the Bureau of Labor and Statistics, the industry will expand by roughly 22% by the end of the current decade. That is a much higher growth rate than the national average, which is good news for people with graduate degrees from authorized institutions as well as those with undergraduate degrees.
Currently, entry-level positions only require a four-year Health Management Degree, according to the BLS. Currently, $88,580 annually is the average income for all positions in healthcare management. That works out to an average hourly pay of $42.59. Healthcare management professionals’ salaries often range depending on a number of factors, the majority of which are common to all management roles:
1. Rank and Position
2. Degree Obtainment
3. Organization Size
Who Can Pursue Health Management Degree
Upon completion of any associate degrees, AS, AAS, or AA, or upon having 60 college credits in any of the following fields, but not only, prospective candidates may be admitted to the Medical and Health Services Management Program:
- Associate Degree in Nursing
- EMT Paramedic
- Health Information Technology
- Medical Assistant Technology
- Occupational Therapy Assistant
- Business Administration
- Pharmacy Technology
- Physical Therapist Assistant
- Radiologic Technology
- Respiratory Therapy
- Human Resources Management
- Other Health-related Degrees/Associate Degrees
- Associate degree in Biology
- Interdisciplinary Studies
FAQ’s About Healthcare Management Degree
Is a bachelor’s in Health Management worth it?
Ans. For those who wish to use data metrics to improve patient care outcomes and streamline services, a Health Management Degree program can be a fantastic choice.
Management professions in healthcare are still in demand. This helps graduates looking for well-paying jobs in the healthcare industry. This curriculum is flexible since it allows graduates to pursue a range of occupations. For busy students, an online program also offers the greatest flexibility.
What can I do with a bachelor’s in Health Management?
Ans. Graduates with a Health Management Degree can apply their education in a variety of contexts and ways. Graduates in healthcare management have a wide range of job options, including employment in medical offices, long-term care facilities, rehabilitation centers, nursing homes, and hospitals.
Medical office administrator, healthcare human resources manager, health information officer, and social and community services manager are typical job titles in this industry. Depending on their objectives and interests, graduates can also work for-profit, charity, or governmental organizations.
Are healthcare management majors in demand?
Ans. According to the BLS, from 2020 to 2030, there will be a 32% increase in the number of positions for managers of medical and health services. It is anticipated that at that time, the current 430,000 positions will be supplemented by nearly 140,000 new jobs as a result of this increase.
In addition to new tasks, the BLS predicts that from 2020 through 2030, there will be an average of 52,000 new jobs created annually for Health Management Degree Holders. The main causes of this would be people retiring or changing jobs.
How much money can I make after a Health Management Degree?
Ans. As of May 2020, the typical yearly salary for managers of medical and health services was $104,280. According to the BLS, during the same time period, individuals in the top 10% of earnings received wages exceeding $195,630, while those in the worst 10% received less than $59,980.
As of May 2020, professionals employed in government employment typically earned the highest median annual wages, which was $116,380. On the other hand, earning $89,880 a year working in nursing and residential care institutions resulted in lesser wages.
What are the highest-paying jobs with a bachelor’s in health management Degree?
Ans. Medical and health care managers earn a median salary of $104,280 annually, but numerous comparable jobs pay even more. As of May 2020, the median annual salary for human resources managers was $121,220, while the highest paid executives made $107,680.