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The Affordable Care Act, the move to value-based care, and other important structural and policy changes are transforming the healthcare industry, and these changes are driving demand for a new generation of leaders. By actively working to understand and stay ahead of the changing face of healthcare—and by gaining the respected credentials, skills, and knowledge you’ll need to manage efficient, outcome-driven organizations—you can help open the door to new career opportunities and position yourself for expanded leadership roles. A master’s degree in integrated healthcare management from a reputable, accredited university will help you claim your leadership role in the changing healthcare landscape and manage integrated, outcome-based healthcare organizations effectively.
With the ongoing changes in the healthcare industry, demand for capable and experienced health services managers and healthcare executives will remain strong for the foreseeable future. Although most entry-level healthcare administration and management jobs only require a bachelor’s degree, a master’s degree can open up new opportunities for higher-level management and executive positions—especially if you choose a program that focuses on best practices for leading integrated, outcome-driven healthcare organizations.
The U.S. Bureau of Labor Statistics anticipates very strong demand for health services managers and healthcare executives through 2024, with an impressive 17% projected growth rate that far outpaces the 7% average for all other occupations. Significant ongoing changes in the healthcare industry will also help fuel demand and create opportunities for experienced administrators and managers who understand and embrace integrated, outcome-based approaches to healthcare.
There are a number of health services management professional associations that can help give you a better sense for the profession. Here are a few that might be useful as you decide whether a master’s degree in integrated healthcare management is right for you.
Wondering what today’s health services management job market looks like? Check out these resources for more information about current openings, opportunities, and salaries.
In May 2015, medical and health services managers in the United States earned a median yearly salary of $94,500. However, top-level healthcare executives can earn much more than that—especially in large organizations. For example, the median annual base salary for the CEO of a healthcare system with more than $1 billion in annual revenue is $950,000, and the median base salary for the top managed care executive at a hospital is $223,000.
The healthcare industry is in the middle of an exciting transformation filled with opportunities for those who are prepared to take advantage of them. As healthcare organizations continue to change how they provide and finance care, they will need talented people with the right skills and knowledge to manage those changes and lead the shift to integrated healthcare. A master’s degree in integrated healthcare management will provide you with the credentials and skills you need to make significant, meaningful contributions—both to the health of your community and to the success of your organization.
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