Interested in one of MSUM’s Health Services Administration programs? Read below for information on why you should consider entering this field!
The outlook of job growth for positions in the field of Health Care management is very optimistic, with an estimated growth of 22% (faster than the average for all fields, which is 14%) according to the US Department of Labor Bureau of Labor Statistics (http://www.bls.gov/). In the year 2010, it was estimated that the number of jobs available in this field were 303,000, while an additional 68,000 are expected to be added between 2010 and 2020, reaching approximately 371,000.
People entering this job field typically need a Bachelor’s degree, but Master’s degrees in health services, long-term administration, public health, and business administration are increasingly common. Bachelor’s degrees prepare students for higher level management jobs with required courses in hospital organization and management, accounting and budgeting, human resources administration, strategic planning, law & ethics, health economics, and health information systems. Graduate programs typically last 2 to 3 years, oftentimes with up to a year of supervised administrative experience.
Important skills and qualities expected for those looking to enter this job field include analytical skills, communication skills, attention to detail, interpersonal skills, problem-solving skills, and technical skills.
As the large baby-boom population ages and people continue to remain active later in life, the healthcare industry as a whole is expected to see an increase in demand for medical services; this will result in a concurrent increase in physicians, patients, procedures, and facilities. There will also likely be an increase in demand for nursing care facility administrators as a result of the aging baby boomers.
According to the US Department of Labor, 28% of all new jobs in the US economy will be in the health care and social assistance industry. It has also been estimated that there is a 2.9% unemployment rate for experienced health and medical administrative services.
“The cost of health care is now 18% of GDP, our total economic activity. It’s the biggest industry we have,” according to Anthony Carnevale, director of the Georgetown University Center on Education and the Workforce.
A Bachelor’s in Health Care Administration was listed as one of the most loved degrees by employers under the same study.
It is estimated that 100,000 people serve in health administration, ranging from middle management to CEO positions. Such salaries range between $40,000 and $110,000 with an average amount of 4-6 years spent in school.
An online search for positions within the field of health care administration brings up an impressive 12,000+ available. The field is expanding at one of the fastest rates of any sector in the country. Increased demand will mean increased availability for jobs, as well as higher chances of employment upon completion of degrees.
Visit MSUM’s Health Services Administration page for more information about our programs:
Tagged: Anthony Carnevale, Bachelor's in Health Care Administration, business administration, Georgetown University Center on Education and the Workforce, Health Care management, health services, health services administration, long-term administration, MSUM, MSUM Health Services Administration, Public health, US Department of Labor, www.mnstate.edu, www.mnstate.edu/snhl