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Considering your options in the health administration field? You’re on the right track to a rewarding career! According to Forbes.com, a Master’s degree in health administration “is one of the best degrees for [current] jobs.”
In today’s world, the healthcare industry accounts for 16 percent of the gross domestic product (GDP). An estimated 5,000 U.S. hospitals alone employ over 3.5 million people!
A degree in health administration permits flexibility across multiple healthcare industry sectors. In particular need of health administration services are the elderly demographic, who account for 12.9 percent of the U.S. population (or 1 in every 8 Americans), and t represent a population in the U.S. that span across 15,000 nursing homes, 7,000 home health agencies, 1,200 rehabilitation facilities and 3,500 hospice programs. Other significant healthcare industry sectors include health plans, the pharmaceutical industry, medical groups and medical equipment/devices.
Health administration careers average a median salary of $87,800 per year, with a 22 percent increase of projected employment for associated degrees.