Healthcare Management Career Path

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Healthcare Management Career Path

So you want to be a health care manager? Great choice! A career in health care management is both challenging and rewarding. But before you can start down the path to a career in health care management, you need to know what it takes to get there. In this blog post, we will outline the steps necessary to become a health care manager. Let’s get started!

1. What is Health Care Management?

Health care management is the process of administering and coordinating health care services. It includes tasks such as planning, organizing, directing, and controlling the functions of a health care organization. Health care managers must have knowledge in a variety of areas, including business, finance, information systems, marketing, and law.

They must also be able to analyze, assess, and integrate information from many sources. They work with legal professionals, insurance providers, financial experts, pharmaceutical companies, consultants, health care providers (doctors, nurses), human resources departments of hospitals or other organizations that provide health care services (hospices), local public health agencies, and others to create and implement health care services.

Health care managers need a broad understanding of health care issues and commerce in order to develop vision, strategy, and long-term goals for their organizations. They must also be able to monitor progress toward these goals; make changes when necessary; establish policies; manage resources (people, equipment, supplies); and direct the activities of health care organizations or departments.

2. What is the Role of A Health Care Manager?

Health care managers perform administrative and managerial functions. They work with physicians and other health care professionals to direct and coordinate patient care, manage budgets, oversee medical staff, and ensure effective operations. The duties of this job vary considerably depending on the size and nature of the organization where they work.

For example, a health care manager in a small hospital may coordinate patient care and direct the activities of several nurses. At the other extreme, a chief operating officer for an integrated health care delivery system that has more than 100 hospitals in twelve states might have responsibility for the overall operations of the system’s entire business division.

Health care managers typically work full time and many work overtime.

3. What Skills are Required to Become a Health Care Manager?

To make the transition from staff nurse to health care administrator, you will need strong leadership skills and excellent communication abilities. You will also need exceptional analytical thinking skills, people management skills, the ability to solve problems creatively, be resourceful and effective, and knowledge of health care management.

In addition, you will need the ability to work independently and as a team member. Other requirements for this job include attention to detail, critical thinking skills, diplomacy and tact, computer literacy, crisis-management skills, and stamina. Health care managers may be required to travel or work extra hours outside regular office hours.

4. What are the Typical Work Hours of a Health Care Manager?

The number of hours worked daily depends on the size and nature of the organization where they work. Some managers perform desk-based activities exclusively, while others spend most of their time visiting facilities and attending meetings in various parts of the country.

5. What are the Salary Ranges for a Health Care Manager?

The salary ranges for a health care manager vary depending on the position and level of experience. However, according to the Bureau of Labor Statistics, the median annual wage for health care managers was $98,620 in May 2016. The lowest 10 percent earned less than $59,350, and the highest 10 percent earned more than $176,650.

A health care manager can advance – and thereby increase – his or her salary through gaining more experience and executing an advanced degree. The following is a list of estimates for the corresponding salaries:

  • Entry-level: $59,350 – $73,700
  • Mid-career: $82,200 – $111,400
  • Experienced: $87,590 – $133,220

6. Job Outlook Got A Health Care Manager

According to the U.S. Bureau of Labor Statistics (BLS), employment for health care managers is expected to grow by 19 percent during the 2012-2022 decade, which is much faster than average. This growth is due to an aging population and increasing demand for healthcare services as the population grows and ages.

The BLS also states that there should be about 819,200 jobs for health service managers by 2022, making it one of the fastest-growing occupations in the U.S. economy today. Due to retiring baby boomers, many job openings are expected as experienced managers leave the workforce over the next decade.

7. What is the Difference Between a Health Care Manager and A Nurse Administrator?

Health care managers do not need any formal education to work in this capacity. Nurses who wish to become administrators must complete an administrative degree program, such as those offered by the University of Phoenix. They also must gain considerable experience before they can advance into leadership positions.

8. What is the Education Requirement for a Career in Health Care Management?

To become a health care manager, you must obtain an undergraduate degree and, if applicable, a graduate degree in health care management. A bachelor’s degree takes four years to complete, while a masters can take an additional two years.

You also need significant education and experience – usually a combination of both – to become a medical director, senior manager, or other leadership roles within the health care management profession. The following list explains the educational requirements for different levels of work:

  • Entry-level: Associate degree in health or human services
  • Mid-career: Bachelor’s degree in health care administration, business, or a related field
  • Experienced: Master’s degree in health care administration, business, or a related field

9. What Certifications are Available for a Health Care Manager?

Some of the most popular credentials include Certified Professional in Healthcare Quality (CPHQ-International Board), Certified Financial Manager (CFCM-Financial Executives International), and Certified Health Care Business Leader (HCBS-NCQA)

CPHQ-International Board: Certified Professional in Healthcare Quality (CPHQ)

The CPHQ certification is a healthcare-focused version of the board’s Certified Professional in Quality Management (CPM). The CPHQ assesses professionals on their ability to improve patient safety and reduce medical errors, infections, and death by evaluating policies and procedures. To earn the CPHQ designation, candidates must pass an exam that consists of three parts: analytical thinking, knowledge base, and application to real-world situations.

CFCM-Financial Executives International (FEI): Certified Financial Manager (CFCM)

The CFCM credential assesses professionals on their ability to use financial management skills and knowledge. To earn the CFCM designation, candidates must pass an exam that consists of four parts: business management, appraisal of information systems; budgeting and financial forecasting; and accounting principles.

HCBS-National Committee for Quality Assurance (NCQA): Certified Healthcare Business Leader (HCBS)

The HCBS is targeted toward health care business executives and was created in collaboration with the Society of Actuaries. The credential assesses professionals on their ability to use financial management skills, knowledge, and reasoning abilities. To earn the HCBS designation, candidates must pass an exam that consists of four parts: accounting principles, risk management; financial management; and business environment.

10. How Can You Obtain Professional Certification as a Health Care Manager?

You must pass the appropriate certification exam with a score of 80 percent or higher. These exams are sometimes offered through professional associations, such as the American College of Healthcare Executives (ACHE). You must also obtain continuing education credits that are required to maintain your certification.

11. Pros and Cons of Being a Health Care Manager

Some of the pros of being a health care manager include:

  • They get the chance to work with people on a daily basis.
  • The responsibilities of health care manager requires them to make sure that they give each person their undivided attention.
  • Health care managers can sometimes earn more than what an average employee does in some companies.
  • There are many opportunities that one might be able to work within the health care field.
  • Some companies even offer health care managers an expense account when they need to go out of town for business purposes.
  • Health care managers can also work with people from many different backgrounds and experiences.

Some of the cons of being a health care manager include:

  • * It is often said that one hour of work for a health care manager is like four hours of work for someone else.
  • * Health care managers may often face stressful situations when dealing with their patients and co-workers.
  • * It can be very demanding to keep everything in order and deal with it on top of their already stressful days at the jobs.
  • * There is a lot of pressure to make sure that health care managers are doing their job perfectly.
  • * Health care managers also have to deal with difficult customers and patients at times too.

12. Top Recruiting Companies for a Health Care Manager

Many health care managers find themselves working for hospitals, nursing homes, home health agencies, and/or insurance companies. Some of the top recruiting companies in these areas include:

  1. * WellStar Health System
  2. * The National Institute for Staff and Organizational Development (NISOD)
  3. * The Advisory Board Company

Healthcare organizations looking to recruit a health care manager should seek someone who has the right certification for their company. They must also have excellent people skills and be able to handle being in charge of the team. Furthermore, it is important that they have good writing skills so that they can craft thorough reports about what is happening with their patients or customers.

13. Healthcare Management Career Options

  1. Hospital manager
  2. Health Insurance company
  3. Kidney Care Management (KCM)
  4. Long Term Care (LTC) company
  5. Medical group management
  6. Mental health and substance abuse organization/agency
  7. Public health care provider, such as a school or the Peace Corps.
  8. Senior living center
  9. Service Line Management (SLM)
  10. Staffing agency
  11. Teaching hospital, medical school, or training center

14. Best Colleges to Study Health Care Management

The top schools to study health care management include:

  1. * The University of North Carolina at Chapel Hill
  2. * Duke University School of Medicine
  3. * Emory University Rollins School of Public Health
  4. * Johns Hopkins Bloomberg School of Public Health, Department of Health Policy and Management
  5. * Ohio State University College of Public Health
  6. * University of Georgia College of Public Health
  7. * University of North Texas Health Science Center School of Public Health
  8. * University of South Florida College of Public Health

Conclusion

If you are an individual looking to pursue a career in healthcare management, this article has provided some excellent tips for the process. Healthcare management is incredibly rewarding and challenging–it’s important that you have your sights set on what type of position or company interests you before starting the search process. The information here should help guide you through each step so that it goes as smoothly as possible!

About the author

Indu has been educator since last 10 years. She can find all kind of scholarship opportunities in the USA and beyond. She also teach college courses online to help students become better. She is one of the very rare scholarship administrator and her work is amazing.

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