Introduction
Health administrators are responsible for managing the daily operations of a health care facility. They plan, direct, and coordinate medical and health services to ensure the facility runs smoothly and efficiently. The role of a health administrator is key in providing quality care to patients. But how much do health administrators make?
A Comprehensive Breakdown of Health Administrator Salaries
When it comes to health administrators, there is a wide range of salaries depending on the size of the facility and the type of position. According to the United States Department of Labor’s Bureau of Labor Statistics (BLS), the median annual salary for health administrators was $99,730 in May 2019.
Overview of Average Earnings
The median wage is the wage at which half of the workers in an occupation earned more than that amount and half earned less. The lowest 10 percent of earners made less than $60,160, while the highest 10 percent earned more than $176,130. The median annual wages for health administrators in the top industries in which they worked were as follows:
- Hospitals; state, local, and private: $102,550
- Outpatient care centers: $98,620
- Offices of physicians: $90,350
- Nursing and residential care facilities: $86,500
- Home health care services: $83,100
Exploring the Range of Salaries
The salary range of health administrators depends on many factors, such as the size and location of the organization, the type of health care facility, and the level of responsibility. Some health administrators may earn higher salaries if they work in larger cities or have more experience. In addition, those who specialize in certain areas, such as finance or information technology, may be able to command higher salaries.
Highs and Lows of Compensation
The lowest 10 percent earned less than $60,160, and the highest 10 percent earned more than $176,130. Those who work in hospitals generally earn the highest salaries, while those who work in nursing and residential care facilities tend to earn the lowest.
What’s the Current Pay Scale for Health Administrators?
Health administrators typically work full-time and may be required to work nights and weekends. They often receive benefits such as health insurance, paid vacation and sick days, and retirement plans. The pay scale for health administrators varies depending on various factors.
Factors Affecting Salary
Salaries for health administrators are typically based on several factors, including the size of the organization, the type of health care facility, and the level of responsibility. Those who work in larger organizations or have more experience may be able to command higher salaries. Location can also play a role in salary, with those who work in larger cities or in certain states typically earning more than those who work in rural areas.
Types of Jobs in the Field
The types of jobs available for health administrators vary depending on the size and type of organization. Examples of common jobs in the field include practice manager, director of patient care services, health information manager, and chief executive officer. Each of these positions has its own set of responsibilities and requirements.
Education and Experience Requirements
Most health administrators have at least a bachelor’s degree in health administration or a related field. In addition, some employers may require a master’s degree in health administration or a related field. Experience in the health care industry is also beneficial, as most employers prefer to hire candidates with a minimum of two years of previous experience in the field.
Conclusion
Health administrators are responsible for overseeing the daily operations of a health care facility. The salary for health administrators can vary depending on factors such as size of the organization, type of health care facility, and level of responsibility. The median annual salary for health administrators was $99,730 in May 2019, although the top 10 percent of earners made more than $176,130. For more information about health administrators and their salaries, interested individuals can review the Bureau of Labor Statistics website.
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