Medical and Health Manager Salary Overview
Industrial specialists performed surveys in 2008, and they discovered that the median salary for a medical and health manager was approximately $80,000 every year. More than fifty percent of the professionals in the field earned between $62,000 to $106,000 per year. Salaries $48,000 or less represented the lowest ten percent of professionals in this field. Those making over $136,000 were considered the highest paid in this field.*
Salaries in Medical and Health Manager jobs tend to vary according to the size of the facility. Geographic location also plays a substantial part in this field. According to medical survey studies, the health manager in a specialty area earns about $54,000 per year. The salaries also vary according to what the specialty involves.*
*According to the BLS, http://www.bls.gov/oco/
Medical and Health Manager Job Description and Outlook
Healthcare is a business, and it requires good management to keep it running smoothly. These managers in healthcare direct, plan, and supervise the delivery of health care services. They can be generalists or specialists in a particular field.
The way healthcare is delivered is changing rapidly. The structure and financial backing of these facilities are changing substantially. Many medical facilities are merging into one. Thus, the medical and health manager must be prepared to handle the changing structure of healthcare. Many factors are impacting the field. For example, the government is requiring more regulatory standards. There are more technological advancements in medicine. Also, the focus on medicine is now preventative care. Patients and insurance companies are very concerned with health and wellness. This is different than years in the past. Treatment of illness and disease was the focus during previous years.
Additionally, health care reform also demands greater quality and efficiency in the healthcare system. Larger medical facilities usually have several assistants to help the head administrator or medical manager. There are many areas to manage within a facility. Nursing, therapy, surgery, and medical records are just a few of the areas that must be managed within a health care system. Medical and health managers of smaller facilities manage the details of these facilities. Nursing home administrators handle facility operations, personnel, finances, and admissions. They must also handle the residential duties of the facility.
There are those that specialize. For instance, a health manager of a physical therapy facility has experience in the field. This professional has been a therapist before, and the health manager understands what is required in this position. Thus, the duties are more specialized and specific. These managers implement different policies for the group they supervise. Budget, scheduling, supplies, and personnel are just some of the responsibilities that must be handled. In contrast, the manager in a group practice must work with the doctors closely. Larger physician groups usually hire a full time health manager to handle the daily business of the practice. Some smaller practices do not have a full time manager to run the office. Physicians try to handle much of these duties themselves.
Medical and Health Manager Training and Education Requirements
An advanced graduate degree is usually required to be a medical and health manager. Most possess at least a master’s degree. In smaller offices, the physician will accept someone with a bachelor’s degree or office experience. In larger facilities, a bachelor’s degree may gain a job candidate access to an entry level position in the field. Managers must be competent in management principles and practices. A master’s degree in healthcare administration, public health, or long-term health administration are standard degrees for this field.
Furthermore, many universities, schools, and colleges around the world offer excellent programs in health administration, public health, and other administrative degrees. In the U.S. alone, there are 72 accredited programs in health care service administration. This statistic is supplied by the Commission on Accreditation of Healthcare Management Education.
Professionals that wish to specialize in a certain field should gain education in that specialty. Working in the field is also good preparation for a leading position in health care administration for that specialty. Competition into these programs is keen; thus, students will need better than average grades to compete for admission. Most graduate programs will last approximately 2-3 years. One year of administrative experience is normally included in the degree program.
Medical and Health Manager Certifications
Medical and Health Management requires specific credentials. The credential of Registered Health Information Administrator is awarded by AHIMA. This certification demonstrates to employers that this professional has achieved certain standards. It is critical to be competent in this field. These managers are responsible for managing medical facilities, and this requires an extensive amount of knowledge in healthcare administration.
Medical and Health Manager Professional Associations
The Professional Association of Health Care Office Management is one of the many professional organizations in this field. This professional association is a powerful force in the healthcare community. It leads the way in establishing
standards for the industry. Members can continue their education in the field and keep up with the changing requirements.