How Much Money Does a Healthcare Administrator Make?
Find out what you’ll earn in a health administration career.
Healthcare Administration Salary
According to the most recent report from the U.S. Bureau of Labor Statistics, the median national annual salary for medical and health services managers is $96,540. Earnings of medical and health services managers vary by type and size of the facility where you work, and by level of responsibility.
A full-time health care administrator will typically be offered a benefits package including health care, vacation and holiday pay and sick leave and a 401(k) plan.
Healthcare Administrator Earning Potential
As a healthcare administrator, your earning potential over the course of your career is likely to grow as the medical field also grows. Health care administrators, who start out relatively small, managing single departments rather than whole practices, will usually find that they can advance with some experience.
Healthcare Administration Job Outlook
Employment of healthcare administrators is expected to grow 20 percent through 2026, much faster than the average for all occupations.
As the large population of baby boomers lives longer and remains active later in life, the healthcare industry overall will see an increase in demand for medical services. Managers serve a vital role in organizing and managing medical information and staff in the industry.
A bachelor’s degree in health services administration will give you the skills you’ll need for an entry-level position, such as administrative assistant. To broaden your job opportunities and earn a higher salary, you’ll need to complete a two-year master’s degree program in health administration. These typically include a one-year residency in a health care center.
Earning your master’s degree in health services administration will generally qualify you to start a job as a department manager in a healthcare facility.
Key Figures for Health Administration Salaries
Many people enter this field with a master’s degree, but a bachelor’s degree can help you get your foot in the door and find an entry-level position.
|Healthcare Career||Median Annual Salary*|
|Medical Records and Health Information Technicians||$39,180|
|Administrative Services Managers||$94,020|
|Medical and Health Services Managers||$98,350|
Sources: U.S. Bureau of Labor Statistics Occupational Outlook Handbook, 2018-19 Edition.
*The salary information listed is based on a national average, unless noted. Actual salaries may vary greatly based on specialization within the field, location, years of experience and a variety of other factors. National long-term projections of employment growth may not reflect local and/or short-term economic or job conditions, and do not guarantee actual job growth.