Are you looking for a healthcare career? You should consider becoming a hospital administrator.
There are many benefits to becoming a hospital administrator. Currently, there is a great job outlook and a substantial salary.
If you want to learn more about hospital administrators: keep reading. We break down everything you need to know about this career.
What is a Hospital Administrator?
Simply put, a hospital administrator is in charge of managing hospital business. They have a variety of responsibilities to handle throughout their day. Typically, their responsibilities are business or health related. Some of their daily tasks are:
- HR compliance
- Oversee financial department
- Hire staff
- Train staff
- Schedule employees
Without a hospital administrator, hospitals would not run smoothly. Check out Med USA rcm for a closer look at their daily tasks.
How to Become a Hospital Administrator
To become a hospital administrator: you need to earn at least a bachelor’s degree. At some hospitals employers will require you to earn a master’s degree.
Graduate programs for a hospital administrator can last two to three years. Some graduate programs have their students complete job shadowing before they complete their degree.
Some common majors for hospital administrators are:
- Health administration
- Public policy
- Social services
We recommend you take a combination of health and business-related courses. They will help you with your daily tasks as a hospital administrator.
Job Outlook for Hospital Administrators
The job outlook for a hospital administrator is higher than most occupations. According to the U.S. Bureau of Labor Statistics, there is an expected 32 percent growth. This growth will occur within a decade, from 2020 to 2030.
Each year it’s predicted that there will be approximately 51,800 job openings. Why are these job openings steadily increasing throughout the decade? Most current positions require rehiring for various reasons.
The greatest expectancy for job openings is retirement. Baby boomers make up a large part of the workforce, but they are approaching retirement age. Another factor for job openings is employees transferring to other occupations.
Salary for a Hospital Administrator
A hospital administrator typically works full time at the hospital. On average, they work 40 hours at the hospital during the week.
Additionally, work setting plays a substantial role in salary. Each hospital may have a different budget for its employees. For example, a hospital with higher funding will be able to pay their employees more.
The average salary for hospital administrators is $101,340 as of May 2021. The 10 percent on the lower end receives only $60,780 a year. Comparatively, the top 10 percent receives around $205,620 each year.
Learn More About Us
We hope you learned more about the role of a hospital administrator. Not only are they important role in the hospital, but they make a great career. You will be able to spend years in this role.
If you are interested in learning more, check out our other blogs. We post blogs regularly about careers and education on our website. We love keeping our readers up to date with the latest information.