Hospitals, health systems, and clinics don’t run themselves. If you want to be part of this growing industry, one of the best Bachelor’s in Healthcare Administration is a good place to begin.
What Is a Bachelor’s in Healthcare Administration?
Healthcare is a multi-trillion dollar industry in the US that’s subject to government regulations, community standards, clinical excellence, and financial stability. Healthcare Administrators wear many hats and are at the center of any successful healthcare organization. These executives oversee development of organizational goals and objectives, work with clinical staff in maintaining quality standards, coordinate human resources, manage budgets, and assure state and federal regulatory compliance. That’s the overview. In reality, what a Healthcare Administrator does can best be described as being “all things to all people.”
One of the key responsibilities of a Healthcare Administrator is working with anyone who comes into contact with a healthcare facility. From physicians nurses, patients, vendors, insurance companies, community leaders, and the media, administrators are called on to coordinate the health facility’s mission and vision with the demands of this complex business.
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How Much Can You Earn with a Bachelor’s in Healthcare Administration?
The career outlook for Healthcare Administrators, according to the Bureau of Labor Statistics, is overwhelmingly positive, with an estimated 10-year job growth of 18%, which is significantly faster than average. Salary estimates for this career are positive as well, with the median salary recorded at $99,730. If price and maximizing return on investment is your top priority, consider the most affordable healthcare administration degrees.
Depending on where you live and where you work, salaries range from $84,260-$110,460 for the Healthcare Administrator. These figures don’t include additional compensation in the form of health benefits, retirement plans, paid leave, etc.
What Is Required for a Bachelor’s in Healthcare Administration?
You should look for an undergraduate Healthcare Administration program that has a solid foundation in healthcare law, ethics, finance and accounting, human resources, marketing, current healthcare issues, etc. Some programs will also include an internship experience working in a variety of healthcare settings. Don’t be surprised if you’re asked to complete a background check for admission.
Colleges and universities frequently will offer a Bachelor of Science (BSHA) or Bachelor of Arts (BAHA) in Healthcare Administration through their business or health profession schools. Many programs are available online, with some offering academic credit for previous healthcare work experience known as Competency Based Education.
What Are the Best Online Healthcare Administration Degrees?
OSR uses six data points: three school-wide and three program specific. For school-wide, OSR uses Student Satisfaction, Admission Rates, and the number of programs the school offers online. For program-specific, OSR checks the Median Debt of graduates from that program, how many degrees are offered within that program’s umbrella department, and what percentage of students at that school graduated from that department.
The six statistics are displayed by each school. The sliding bar under each statistic represents how that school compares to other US institutions. “Not reported” means a school did not release that information to the US Department of Education. A more detailed description of the OSR process can be found on the methodology page.