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4 Reasons to Study Healthcare Management


March 6, 2014 http://www.southuniversity.edu/whoweare/newsroom/blog/4-reasons-to-study-healthcare-management

Healthcare management is an attractive industry for people who desire to make a positive difference in the world and who wish to find secure employment in today's economy. If you're on the fence about pursuing this career, consider some of these reasons to see why a career in healthcare management could be the right choice for you.

1. Numerous Ways You Can Make a Difference

Healthcare Manager

If you care about people and want to help them live better lives, healthcare management is for you. There are an infinite number of ways you can positively influence people's lives as a member of a healthcare management team.

Social workers, psychologists and doctors all work directly with individuals in mental or physical pain, helping them to heal and implement positive changes in their lives. However, healthcare executives and hospital administrators can make a difference by making decisions that empower their employees and their organization to assist even more people.

2. Vast Job Opportunities

Healthcare executives and other members of health care management teams have a wide variety of potential jobs. In addition to working in hospitals, nursing homes and other healthcare facilities, these people may work in pharmaceutical companies, health insurance companies, consulting firms and other related organizations. The demand for these positions also appears to be growing. According to the Bureau of Labor Statistics (BLS), “Employment of medical and health services managers is projected to grow 23% from 2012 to 2022, much faster than the average (14%) for all occupations.” [1] Finally, healthcare executives don’t have to stay with the first position they take, as much room for career advancement exists in this industry.

3. Prestige

Healthcare executives play an important role in our communities. People know that healthcare professionals help change lives—and in many cases even save lives—so they respect those individuals for what they do and are honored to have them as members of their communities.

4. Earnings Potential

Healthcare executives and others in healthcare management can potentially bring home large annual salaries. In 2012, the BLS reported the median annual wage for medical and health services managers as $88,580. However, salaries vary depending on the employee’s education level, prior experience, responsibilities and the size of their organization. Some professionals in healthcare management or administration careers earn upwards of $150,000 per year. [1]

References: [1] http://www.bls.gov/ooh/Management/Medical-and-health-services-managers.htm

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