Employment Outlook
The healthcare industry must expand to meet the needs of an aging population and embrace
innovation to make care more convenient, accessible and affordable. Healthcare needs
skilled leadership from medical and health services managers to meet these heightened
needs.
What is a Healthcare Manager?
Healthcare managers are a critical component for a smoothly operating healthcare organization,
overseeing the daily services and operations in a healthcare organization, which can
include hospitals, group medical practices, nursing homes and hospice care facilities.
Healthcare managers must navigate changes in laws, regulations, technology and organization
needs.
What Does a Healthcare Manager do?
Keeping a healthcare organization running smoothly entails multiple day-to-day responsibilities
for the medical and health services manager, including:
- Improving efficiency and quality of healthcare services within the organization
- Establishing goals and objectives for facility departments
- Overseeing work schedules
- Managing organizational finances and billing
- Establishing departmental budgets and ensuring departments adhere to them
- Representing the healthcare organization at board and investor meetings
- Communicating with medical professionals and department heads
- Recruiting, coaching and managing staff
- Collaborating with medical staff, including physicians, surgeons, registered nurses,
and additional healthcare workers
Career Growth
All healthcare occupations are slated to increase 15% from 2019 to 2029 with 2.4 million
new jobs, according to the Bureau of Labor Statistics.
More managers will be necessary to oversee these healthcare operations. Employment
of medical and health services managers is predicted to grow rapidly, even when compared
to the overall growth in healthcare occupations, with a projected 32% job growth rate*
over this same time frame, according to BLS statistics.
This healthy job growth has an equally bright salary outlook. According to 2019 BLS figures, medical and health services managers earned a median income of $100,980, with the
highest 10% commanding more than $189,000 and the highest salaries provided by government
institutions and hospital systems.2
Source: U.S. Bureau of Labor Statistics
Health Studies