What Can I Do with a Healthcare Management Degree?
Healthcare is one of the fastest growing industries today, due in part to an aging baby boomer population that has driven higher demand for healthcare services in recent years.
As more individuals seek care, hospitals and other healthcare organizations will have a greater need for healthcare management professionals to oversee patient and health services. In fact, the Bureau of Labor Statistics (BLS) predicts that employment for medical and health services managers will grow by 20 percent through 2026.
As a healthcare manager, you’ll learn the inner workings of the healthcare system. Your management skills will allow you to serve as a competent and capable leader, helping hospitals, small practices, insurance companies and a variety of other institutions navigate the changing healthcare environment.
How do I know if a healthcare management degree is right for me?
If you’re interested in pursuing a leadership role within the healthcare industry, healthcare management could be the right path for you.
Healthcare managers are comfortable in leadership positions and enjoy making important decisions. They’re also excellent communicators, and able to work both independently and with a team to get the job done.
Where do healthcare managers work?
Many healthcare managers work for hospitals or other medical practices. While healthcare managers work primarily in an office setting, some executive-level administrators may travel on occasion to oversee satellite locations.
Healthcare managers can work across a variety of different fields, including:
- Healthcare Consulting
- Home Health Care
- Long-Term Care
- Medical or Diagnostic Laboratory
- Information Technology
A healthcare management degree is thus incredibly versatile. Graduates of healthcare management programs can pursue a career as a:
- Health and Social Service Manager
- Healthcare Consultant
- Insurance Specialist
- Nursing Home Administrator
- Medical Practice Manager
- Hospital Administrator
The BLS reported a median salary of $96,540 for medical and health services managers in 2016, with the top ten percent in this field earning more than $172,240.
What type of degree do I need?
Many students choose to pursue a Bachelor of Science in Healthcare Management degree in order to gain the business skills required for a management role in the healthcare field. Some students may choose to enroll in a bachelor’s program after completing a certificate, diploma or associate program in a healthcare discipline, such as medical assisting.
Nakeya Hopkins did just that. After earning an associate degree in medical assisting from Herzing University, Hopkins returned to the school to enroll in the healthcare management program.
“I currently work as a medical assistant in Toledo, OH and I plan on continuing to advance my career with my bachelor’s degree,” she said.
“Pursuing my bachelor’s degree has prepared me for my career by helping me grow as a person and by giving me the knowledge and the tools to succeed in my field,” she added. Other students may choose to pursue a Master’s of Business Administration (MBA) in Healthcare Management, which may open the door to more advanced leadership roles.