In the article, she reveals that medical administrators holding bachelor’s degrees earn annual median pay of only $70,000 US dollars. The MHSM program is designed to provide interdisciplinary knowledge and experience for health care practitioners and entry-level managers in … This compensation does not influence our school rankings, resource guides, or other editorially-independent information published on this site. Regarding the question of whether it is worth getting a Master’s degree in healthcare administration, the answer is yes if you want to invest time upfront in order to maximize your long-term earning potential. The bachelor's level is the most popular for individual in healthcare administration, meaning that it takes some extra effort to stand out from the crowd. This is especially true if you will tire easily being in demand for your administration and operation skills. Advances in the medical field have led to the growth of hospitals throughout the country. In addition to the Master's of Healthcare Administration, one can pursue a Master's of Business Administration (MBA), Master's of Public Administration (MPA), or a Master's of Public Health (MPH). A Master's in Healthcare Administration is a very rewarding degree to pursue despite the cost of education. In addition to a master's degree, one can always continue their education and obtain a Doctor of Business Administration (DBA), Doctor of Science (ScD), Doctor of Public Health (DrPH), or a Doctor of Health Administration (DHA). The job of a healthcare administrator is important – and often complex. This growth eventually resulted in the emergence of the healthcare administration field. Elka Torpey, an economist working in the Office of Occupational Statistics and Employment Projections, has written an article exploring the question of whether it’s worthwhile to earn a Master’s degree. These master's degree programs can require up to 53 quarter credits and can take as little as 15 months to complete. Advances in the medical field have led to the growth of hospitals throughout the country. I currently work as a strength and conditioning coach for child and adult athletes, which is a lot of fun, but is very limited in my ability to advance my career. Many programs are designed with working professionals in mind, so they can complete the program successfully whenever they have free time. An undergraduate degree in healthcare administration will give you a general understanding of healthcare. This is a field where academic credentials directly affect earning potential. We’ll break down the two sides of a healthcare management degree—healthcare management and healthcare administration—and then discuss what you can do with a bachelor’s, master’s, and even a doctorate in the field. Look at degree program requirements, examine licensing regulations and see what salary you can expect. TopMastersInHealthcare.com is an advertising-supported site. Top 20 Online Colleges with High Return on Investment, Top 25 Most Affordable Online Business Graduate Degrees, 20 High Patent-Awarded Universities Where You Can Get a Degree Online, The 10 Most Important Work Skills in 2020, The Rising Power of MOOCs: Now, Everyone Can Learn at Harvard. I know someone who got an MHA who is making about $150,000 a year after graduation. Accounting for the long term salary difference, obtaining a Master's Degree in Healthcare Administration is well worth the money. He points to the increased role of technology, changes in reimbursement, the rise in consumerism, and the diversified ways health care is delivered today as having changed health care and thus health care administration. More Americans than ever have college degrees, which makes it harder to stand out from the crowd. I have a bachelor's in Healthcare Administration and strongly considered doing the graduate degree. Master's Degree Programs in Healthcare Administration. These changes have also affected the way health care empl… The nice thing about online masters degrees in the healthcare field is that they offer distinct specializations. Many healthcare administration candidates love to mention “teamwork” as a skill in their cover letters and resumes, notes John Baio, practitioner and practice owner at Martino Physical Therapy. Some programs are full-time or part-time. Two, the person lacks connections within the medical field (healthcare is a very politicalized field especially in regards to hospital positions). You don’t need a background in healthcare management to enroll in an MHA … In this situation, you also might have to be willing to settle for working at one of the healthcare administration jobs that other candidates would consider to be less desirable — perhaps working in a healthcare facility that is comparatively less prestigious or in a less affluent geographic location where the healthcare facilities are not as well funded. Rankings of the Best MS in Healthcare Administration Programs. Why Earn a Master's in Healthcare Administration Statistics show that the entry level salary level for administrators with a master's degree is significantly higher than for those with only an undergraduate education. This is not a field you can just jump into despite knowledge of CMS, quality etc. The responsibilities of healthcare administrators vary, and they depend on the size and type of medical … Plus it doesn't help that I am a military spouse of a career serviceman, and even though I have over 20 years experience in the healthcare field having to move so often does not look good on my resume. AD. Because of the increased earning potential and the greater availability of rewarding jobs, some candidates will find it extremely worthwhile to pursue a Master’s degree in healthcare administration. But generally speaking, graduate-level coursework in this area focuses on healthcare at a larger scale. Healthcare Administration is an excellent and growing field. Individuals obtaining a degree in health management are immediately stigmatized as well-trained, serious professionals who instantly command a reputation for providing excellence. 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