What's the Salary for Careers in Health Services Administration?
Health services administrators oversee hospitals, doctors' offices and nursing facilities. Read on to learn more about how your employer, your location and experience may affect your average salary in this career. Schools offering Health Care Administration degrees can also be found in these popular choices.
According to the U.S. Bureau of Labor Statistics (BLS), medical and health services managers made a mean annual salary of $101,340 in May 2013 (www.bls.gov). Most of these workers made salaries from $55,470-$155,130. Industry, experience and location are three factors that influence earnings in the field.
Salaries by Industry
The type of health care facility you choose to work at can greatly affect your salary. According to the BLS, the highest-paying industries were computer systems design and pharmaceutical and medicine manufacturing in May 2012. The former had an annual mean wage of $140,870, while the latter was at $165,400 a year.
According to the BLS, about 113,700 health services managers worked at general medical and surgical hospitals as of 2013, the main employer for these types of professionals. These professionals earned an average annual salary of $108,210 in May 2013. Physician's offices were the second most popular industry, employing 30,590 workers and offering a mean annual wage of $99,850.
Salaries by Experience
The salary you might earn as a health services administrator also depends on your level of experience. According to PayScale.com, most medical and health services managers with 0-5 years of work experience earned a median salary of $52,000 in April 2014. Most managers with 5-10 years of experience earned a median of $59,000 per year, while those with 10-20 years of experience earned a median of $59,000 as well.
Salaries by Location
Location is another factor that affects a health services manager's pay. In May 2013, the BLS noted that California and New York employed the highest numbers of these workers by state, and average salaries in these locations were about $113,000. The BLS noted that New York and California were also among the top-paying states for these managers in May 2013. Other locations with high average wages included Washington, D.C. ($123,120), Delaware ($114,640) and New Jersey ($114,420). Managers working in the lowest-paying states, such as Iowa, Idaho and Arkansas, averaged $60,860-$85,550.
Health services administrators, also known as health services managers, ensure that a medical facility is operating efficiently. If you're interested in working in this field, you'll typically need a master's degree to qualify for a managerial job. Knowledge of health care, computers and business management are essential to this position. You'll need to communicate frequently with physicians and office personnel to ensure that your department or facility remains on budget, while continuing to oversee the healthcare needs of patients are delivered effectively and efficiently.
According to the BLS, there were 315,500 medical and health services managers employed in 2012. Job growth in this field was projected to increase by 23% between 2012 and 2022, which was much faster than the average for all jobs, according to the BLS. The field will continue to expand due to the growing number of medical facilities and increased administrative paperwork from health insurance companies and government health plans.
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