Prediction: Health Care Administration Jobs Will Increase With Obamacare
There is a healthy amount of management going on in health care. Treating illness is just one component, albeit the main reason for the existence of the medical and health services managers. Those who fill these positions run a doctor’s office or manage large departments in big health care facilities. According to the U.S. Department of Labor (DOL), health care managers “Plan, direct, or coordinate medical and health services in hospitals, clinics, managed care organizations, public health agencies, or similar organizations.”
So far, the government has pumped in a lot of money into health care by way of incentives to physicians and hospitals. Some examples of its incentives include payments for adoption of electronic health records and electronic prescribing. In addition, we predict that Obamacare will pump in even more money into health care. Of course, more money means more government scrutiny. Hence, with more money from the government there is going to be more “administration and management” of health care. This would lead into more demand in medical and health services managers.
Our prediction coincides with the DOL’s take on this profession. They project that the job opportunities for medical and health care services managers will increase by 22% from 2010 to 2020. That’s about 68,000 new jobs being added! Find out additional information on the DOL’s website at http://www.bls.gov/oes/current/oes119111.htm.
The Department says that the median annual pay for medical and health services managers is $88,580. The bottom 10% make $53,940 and the top 10% earn $150,560 (May 2012 data). Of course, the salary depends on the experience and the degree of the person.
Typically, medical and health services managers have a bachelor’s degree in health administration. But it is also common to get master’s degrees in health care administration, public administration, long-term care administration, public health, or business administration.