Why Study Healthcare Management Now? (2023)

Why is it important?

Healthcare management is critically important when it comes to keeping healthcare facilities, such as hospitals, running smoothly and safely. Healthcare managers are responsible for keeping the medical industry moving smoothly, and effectively. This means patients receive better and more efficient care. Additionally, many healthcare managers or administrators have worked tirelessly to promote the necessity for quality access to healthcare for their patients, leading to significant changes in the healthcare field. As patients begin to have a broader understanding of their healthcare, and an increased demand for good quality service, having people who understand the ins and outs of the healthcare system will be more important than ever.

What can you do with the degree?

Luckily for those interested in this field, there are a lot of opportunities to explore. As a healthcare manager, you’ll be intrinsically connected to the financial aspects of the business, participating in budgeting, scheduling, as well as working with practitioners to improve patient care and experience. Healthcare managers spend much of their time coordinating care or making sure there are enough providers, in clinics, hospitals, and nursing homes.

1. Many job opportunities

When thinking about a future career, job security is often a top priority for students. Therefore, a career in healthcare management might be worth considering, as some healthcare sectors are expected to see a 30-40% rise in the next several years, according to the U.S. Bureau of Labor Statistics. This means you will hold a degree that’s not only in high demand, but will also prove to be versatile as the healthcare industry continues to evolve in the face of huge new challenges such as the COVID-19 pandemic.

2. Competitive salary

Making a good salary is important, which you will be able to do as a healthcare manager. According to the Occupational Outlook Handbook, the median hourly wage for healthcare managers with less than five years of experience is $48.55 per hour. Also, it was found that there is a predicted 32% rise in opportunities in this field.

3. Always job openings

If you do well in your studies, you won’t have to worry about finding employment after graduation. With healthcare expected to grow more than any other industry over the next decade, according to Best Colleges, it’s safe to assume that not only will you find a position, it will be secure.

4. Make a difference

Spending time in the hospital is often a stressful and scary time for patients. However, a well-run hospital, clinic, nursing home, or doctor’s office can make a huge difference in the patient experience. Additionally, if you have an interest in healthcare for the community, you will be able to help patients gain access to necessary medical care.

5. Rewarding

Who doesn’t want to go home at the end of the day with a sense of accomplishment and satisfaction in their job? Healthcare managers get to leave the office at the end of the day with the knowledge that they have made a significant contribution to bettering the healthcare community. In addition to making things easier for individual patients, healthcare managers are often involved in creating public health initiatives, providing important training, and helping deliver services to the community. As a result, healthcare managers “report high levels of job satisfaction because their work is involved with helping others, giving them great emotional reward,” according to Western Governors University.

As the world continues to readjust from the far-reaching effects of COVID, healthcare professionals are going to be even more in demand than ever before. Therefore, if you’re looking for a fulfilling career that will also provide financial stability, the opportunity to effect change, and a chance to connect with patients, consider pursuing a degree in healthcare management.

Why Study Healthcare Management Now? (1)


Why Study Healthcare Management Now? ›

Why is it important? Healthcare management is critically important when it comes to keeping healthcare facilities, such as hospitals, running smoothly and safely. Healthcare managers are responsible for keeping the medical industry moving smoothly, and effectively.

Why do people choose healthcare management? ›

The core skill set you develop in a healthcare management program provides a competitive advantage within the healthcare sector. In addition, these skills transfer readily across a variety of industries, providing flexibility for non-health sector positions as well.

Why is the need for healthcare managers on the rise? ›

Population Growth Increasing Healthcare Management Jobs

In the current decade, the population in the United States is projected to increase by about 10.8 percent. This increasing population will create the need for more healthcare services and service providers.

What is the future of healthcare management? ›

According to the U.S. Bureau of Labor Statistics (BLS), the job outlook for healthcare executives, administrators and managers will grow at a projected rate of 32% between 2020 and 2030. This is substantially higher than the 8% growth rate that the BLS projects for the labor market as a whole.

Why is healthcare quality management important in today's healthcare environment? ›

More than just meeting criteria for reimbursement, quality management, when used to its full potential, will encourage optimal outcomes, supreme patient satisfaction, reduce work by improving efficiency, and lower overall patient and hospital costs.

Why did you choose a career in healthcare answer? ›

Sample answer: "I chose healthcare as a profession because I've always been curious about healthcare and how it impacts people at their most vulnerable times. I want to make healthcare more accessible and convenient for those who truly need it."

What are your career goals in healthcare administration? ›

8 career goals in health care administration
  • Optimize resource allocation. ...
  • Create services that focus on patients. ...
  • Increase workplace diversity. ...
  • Improve problem-solving processes. ...
  • Reduce the cost of patient care. ...
  • Organize the administration office. ...
  • Advance your education. ...
  • Earn pay raises.
Feb 24, 2023

What challenges do healthcare managers face in the future? ›

As the industry grows, the biggest challenge the industry will face is finding the right candidates to fill the projected 2.3 million jobs. These shortages will impact the industry growth and affect costs due to the competitive labor market. Understanding the labor market is vital for healthcare leaders.

What makes a successful healthcare manager? ›

Healthcare managers ensure the business operations of a healthcare facility run smoothly. To be successful in this position, you need the ability to build relationships with others, solve problems, and make sound decisions. You should also be passionate about healthcare administration and love what you do.

Is healthcare management growing? ›

Employment of medical and health services managers is projected to grow 28 percent from 2021 to 2031, much faster than the average for all occupations. About 56,600 openings for medical and health services managers are projected each year, on average, over the decade.

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