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“Health Administration at FAU-Understanding the Business Concerns in Health Care”

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   Careers in Health Administration

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Healthcare is an exciting and dynamic industry and the career possibilities are nearly endless.  The industry accounts for about 1/7th of Gross Domestic Product and given demographic trends and technological changes a downturn, with an attendant loss of jobs, is not likely in the foreseeable future.

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The field of health care includes not only traditional areas such as hospitals and long-term care facilities, but exciting opportunities exist in consulting, government, practice management, industries such as insurance and pharmaceuticals and evolving health delivery organizations to name a few.  In short the health care industry is an industry that needs managers and professionals and a master’s degree gives you an edge for pursuing a challenging and rewarding career. 

 

business photoThe career path that you pursue will depend upon your unique abilities and interests as well as your previous education and the quantity and nature of your work experience.

 

 

 
  Career    Opportunities

Clinics

Nursing Homes

Hospitals

Consulting Firms

Health Care Associations

Physician Practices

Health Insurance

Universities and Research Institutions

Mental Health Org.

Rehabilitation Centers

Skilled Nursing Facilities

Public Health Depts.

 

 

 

WHERE ARE FAU GRADUATES WORKING?

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Graduates of the FAU Health Administration Program work in managerial positions in a variety of organizations including:

North Broward Hospital District

Bethesda Hospital

Caridad Health Clinic

Humana Corporation

Good Samaritan Hospital

Coral Springs Medical Center

Broward General Hospital

Boca West Medical Center

Nova Southeastern College of Dental Medicine

St. Mary’s Hospitals

Nabi Biopharmacuticals

The Practicum

Health Administration students can receive “hands on” experience by doing an internship in a South Florida health care facility. 

Jupiter Medical Center

Sunrise Atrium Assisted Living

Boca Raton Community Hospital

Hospice by the Sea

St. John’s Rehabilitation Hospital

Holy Cross Hospital

Edgewater Continuum of Care Community

Delray Medical Center

Northwest Medical Center

Cross Country TravCorps

Marriott Assisted Living

   Employment Outlook ( Source: Bureau of Labor Statistics)

Employment of medical and health services managers is expected to grow faster than the average for all occupations through 2010 as the health services industry continues to expand and diversify. Opportunities for managers will be closely related to growth in the industry in which they are employed. Opportunities will be especially good in home healthcare, long-term care, and nontraditional health organizations, such as managed care operations and consulting firms. Managers with work experience in the healthcare field and strong business and management skills should have the best opportunities.

Hospitals

Hospitals have traditionally employed the most managers.  After a period of consolidation and slow growth in the 1990s, hospitals are now positioned for a resurgence in growth, with new and exciting innovations such as specialty centers for people with diabetes, cancer, and heart disease and other types of “focused factories.” 

Demand for Managers

Employment will grow the fastest in residential care facilities and practitioners' offices and clinics. Many services previously provided in hospitals will continue to shift to these sectors, especially as medical technologies improve. Demand in medical group practice management will grow as medical group practices become larger and more complex. Medical and health services managers will need to deal with the pressures of cost containment and financial accountability, as well as with the increased focus on preventive care. They also will become more involved in trying to improve the health of their communities. Managers with specialized experience in a particular field, such as reimbursement, should have good opportunities.

Medical and health services managers also will be employed by healthcare management companies who provide management services to hospitals and other organizations, as well as specific departments such as emergency, information management systems, managed care contract negotiations, and physician recruiting.

Earnings

Earnings of medical and health services managers vary by type and size of the facility, as well as by level of responsibility. For example, the Medical Group Management Association reported that median salaries in 2000 for administrators by group practice size were $65,125 in practices with fewer than 7 physicians; $83,022 in practices with 7 to 25 physicians; and $96,402 in practices with more than 26 physicians.

 

 

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What will I earn in this field?

Median annual earnings of medical and health services managers were $56,370 in 2000.

The middle 50 percent earned between $44,460 and $72,550.

The lowest 10 percent earned less than $35,210

The highest 10 percent earned more than $97,900

 

Median annual earnings in the industries employing the largest numbers of medical and health services managers in 2000 were as follows:

Hospitals   $60,360

Local government   56,800

Offices and clinics of medical doctors   53,430

Health and allied services, not elsewhere classified   51,800

Nursing and personal care facilities  51,240

Modern Healthcare magazine reported median annual compensation in 2001 for managers of the following clinical departments were as follows:

$67,200 Respiratory Therapy   $69,900 in Home Healthcare   $71,400 in Physical Therapy     $76,500 in Radiology

$77,100 in Clinical Laboratory

$79,700 in Rehabilitation Services

$85,200 in Ambulatory and Outpatient Services        

$113,800 in Nursing Services