What Is A Healthcare Administrator Salary – Median health care administrator salary $68,603 per year Creating our salary estimates starts with data published in publicly available sources such as the U.S. Bureau of Labor Statistics (BLS), Foreign Labor Certification Data Center ( FLC) Show more
Healthcare administrators earn an average of $68,603 per year or $32.98 per hour in the United States. Healthcare administrators on the lower end of that spectrum, the bottom 10%, earn approximately $42,000 a year, while the top 10% make $111,000. Location affects how much a healthcare administrator can expect to earn. Health administrators make the most in Connecticut, New Hampshire, New Jersey, Delaware and Maine.
What Is A Healthcare Administrator Salary
If both location and money are important to you, then you may want to move to Connecticut, New Hampshire and New Jersey, as these three states offer the highest salaries across the US for healthcare administrators. At the exact opposite of that list are the states with the lowest wages, namely Texas, Mississippi and Nebraska.
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The highest paying companies for healthcare administrators are Accenture and Booz Allen Hamilton according to our most recent salary estimates. In addition, companies such as Intercon Chemical and Signature Healthcare report highly competitive salaries for healthcare administrators.
Salaries of healthcare administrators can vary by industry. In fact, our data shows that the manufacturing, healthcare and construction industries tend to offer much higher salaries for healthcare administrators. For example, healthcare administrators earn a staggering average salary of $89,340 while working in the manufacturing industry. Meanwhile, other people in this field earn $76,975 in the healthcare industry and $74,042 in the construction industry. Healthcare administrators may want to avoid working in the hospitality industry because it offers the lowest average salary of $69,242.
Connecticut pays the most health care administrators in the US, with an average salary of $93,051 per year or $44.74 per hour.
You know if you are being paid fairly as a healthcare administrator if your salary is close to the median salary for the state in which you live. For example, if you live in New Hampshire you should be paid close to $92,590 per year.
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The medical director is the highest paid. A medical director earned a median salary of $230,317. The highest paid 10 percent make $295,000, while the lowest paid 10 percent make $179,000. The job outlook for healthcare administrators is strong, with the federal Bureau of Labor Statistics (BLS) projecting 22% growth nationwide in the profession from 2010 to 2020, well above the 14% average for all occupations. As noted by the BLS, more nurses and doctors will be needed to care for America’s aging population. Consequently, more health administrators will be needed to manage the increasing number of health workers and facilities.
The median annual salary for healthcare administrators was more than $96,000 in May 2011, according to the BLS. For healthcare administrators who oversee general medical and surgical hospitals, the average was more than $102,000. The median annual salary was $93,770 for administrators in physician offices, while those overseeing home health services earned an average of $85,860.
Salary potential and job opportunities are typically influenced by a number of factors, including a candidate’s educational attainment and professional experience, as well as regional market conditions.
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And either is a typical requirement for employment as a healthcare administrator. Subjects may include organization and management within the medical field, accounting and budgeting practices, strategic planning, law and ethics, and health economics.
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A bachelor’s degree in healthcare administration or business administration is a typical requirement for employment as a healthcare administrator. Subjects may include organization and management within the medical field, accounting and budgeting practices, strategic planning, law and ethics, and health economics.
The BLS identifies a set of core competencies that healthcare administrators should possess, including the ability to analyze complex information, organize diverse tasks, lead and motivate staff members, and communicate clearly with other professionals.
Health care administrators often advance through the ranks, perhaps starting as a department head or assistant administrator, the BLS reported. To operate a nursing facility, healthcare administrators may be required to pass a state licensing exam.
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