The following information will give
you an idea of the incredible earning potential within the
health care industry. Please be advised that data is subject
to change by the BLS at any time. The median annual wage of
medical and health services managers was $84,270 in May 2010.
The median wage is the wage at which half the workers in an
occupation earned more than that amount and half earned less.
The lowest 10 percent earned less than $51,280, and the top
10 percent earned more than $144,880. Most medical and health
services managers work full time. Because their services are
sometimes needed in emergencies or at facilities that are
always open, some work may be required during evenings, on
weekends, or overnight.
What Medical and Health Services Managers
Do About this section
Medical and health services managers, also called healthcare
executives or healthcare administrators, plan, direct, and
coordinate medical and health services. They might manage
an entire facility or specialize in managing a specific clinical
area or department, or manage a medical practice for a group
of physicians. As healthcare changes, medical and health services
managers must be able to adapt to changes in laws, regulations,
Medical and health services managers typically do the following:
- Work to improve efficiency and quality in delivering healthcare
- Keep up to date on new laws and regulations so the facility
complies with them
- Supervise assistant administrators in facilities that
are large enough to need them
- Manage finances of the facility, such as patient fees
- Create work schedules
- Represent the facility at investor meetings or on governing
- Keep and organize records of the facility’s services,
such as the number of inpatient beds used
- Communicate with members of the medical staff and department
Earnings of medical and health services managers vary by
type and size of the facility and by level of responsibility.
For example, the Medical Group Management Association reported
that, in 2010, median compensation for administrators was
$86,459 in practices with six or fewer physicians; $115,000
in practices with seven to 25 physicians; and $150,756 in
practices with 26 or more physicians.
Data Source: Courtesy of the: U.S . Department of Labor |
Bureau of Labor Statistics
Please be advised that data is subject to change by the BLS
at any time. http://www.bls.gov/ooh/Management/Medical-and-health-services-managers.htm
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