What is a Health Management Degree?

Health Management Degree
If you are looking for an extraordinary, lucrative, and highly rewarding career opportunity, a career in health management is one you should follow.

Making a job in the health care field requires you to have a Health Management degree.

So, in this article, we've put down relevant information about Health Management Degree schools, Health Management Degree requirements, and other pertinent information to enable us to give you a head start.

A Health Management degree can lead to an exciting future of opportunities. Many people think that health care is inherently medical in nature, including doctors, nurses, and medical staff. Nonetheless, there are health service managers who oversee the day-to-day managerial functions and activities of the hospital.

In fact, those with degrees in health management are people who run hospitals and health organizations. They are prepared to understand changes in health laws, regulations, and technology, and are responsible for monitoring all operations, including human resources, finance, and health care marketing.

Here's a brief rundown of what to expect as you read this article;

What is health management? Degree Description

The broad, multidisciplinary field of health management includes the leadership, management, and day-to-day operations of hospitals, clinics, and other medical facilities, as well as health care providers and networks.

Health care managers monitor personnel requirements, supply, maintenance, and repair of equipment as well as record-keeping, billing, and insurance processes. According to the Bureau of Labor Statistics (BLS), the health care management industry is expected to grow significantly in the coming years.

Furthermore, job growth estimates for positions such as medical / health services manager and health/health information technology are projected to increase by more than 15% by 2014.

Health management major

The health care management major, leading to the BS in Business Administration, is an exciting field of study and work. Since 1976, we have provided educational preparation for students interested in pursuing careers that combine business and health care.

The program includes traditional business courses and interdisciplinary management of health services. It further covers the areas of accounting, finance, information technology, marketing, and organizational behavior. The courses required for a major in Health Management include:

  • Risk management and insurance
  • Introduction to health management
  • Health industry analysis
  • Health and social security
  • Financial and human resource management in medical assistance
  • Health regulations and policies

Students develop an understanding of general business concepts, an understanding of the business environment as a whole, the study of healthcare organizations, and the skills necessary to succeed in a dynamic work environment. This prepares our students for a variety of challenging assignments in healthcare organizations.

There are several options that offer additional interdisciplinary focus, including public health, ethics, family research, related health, gerontology, medical sociology, etc. Students are also encouraged to explore innovative study opportunities, such as living at a university abroad.

Types of Health Management Degree

Here is a brief rundown of what type of education you will need to pursue this field.

Certificate program

Health care certification programs are usually aimed at nurses, physiotherapists, and other trained professionals who wish to take on a supervisory or management role. A health management certification program may also be useful for physicians looking to open their own clinics or health facilities to develop the business skills required for such complex endeavors.

Although obtaining a certificate is a hallmark of its own, courses held as part of a certification program could count towards future degrees, helping students earn degrees such as an MBA or a bachelor's degree in health administration.

Related degree

Health management employee completion focuses on financial, managerial, and organizational skills applicable to the general business environment. In addition, students are familiarized with specific skills for the health sector. Often times, courses held while earning an associate's degree can later be applied towards pursuing a baccalaureate degree or other advanced degree.

Master of Science

For students interested in health management, a Bachelor of Science in health management may be of great importance. This degree provides detailed instruction for managing a health center.

Students will study general business management and acquire the skills necessary to play a leading role in one of many types of healthcare facilities, including doctors' offices, hospitals, special-care facilities, and many more. Professionals with this level of education have a high level of competence and are often promoted to jobs with higher pay and responsibility.

How Much Does a Health Manager Earn?

The Bureau of Labor Statistics reports that the average salary for medical and health services managers is $ 70,000 for bachelor's degrees and $ 90,000 for master's degrees.

For a professional with a master's degree in health administration, average salaries:

  • Practice manager: $ 59,200
  • Director of operations: $ 109,900
  • Healthcare administrators: $ 71,400
  • Executive director: $ 91,000
  • Health consultant: $ 69,800
  • Practice administrator: $ 85,400

For a professional with a bachelor's degree in health administration, average salary :

  • Practice manager: $ 59,000
  • Healthcare administrators: $ 50,600
  • Office manager: $ 42,000
  • Nursing home administrators: $ 81,200
  • Operations manager: $ 61,200
  • Practice administrator: $ 64,000

Careers with a Health Management Degree

Don't stress yourself out trying to ask what kind of jobs can I get with a health management degree? Making a Career in a Health Management Degree can be exciting and exciting.

This is because there are many job opportunities available for a Health Services Manager or administrator whether he or she has a bachelor's or master's degree in Health management. Some careers with a health management degree include:

Medical and Health Services Manager

A degree in health care management equips these managers (or administrators) to direct, plan, and monitor medical and health services. They coordinate staff schedules and oversee the activities of facility personnel, including nurses and doctors. They may also monitor the use of facilities, services, and staff to ensure best practices and effective allocation of resources.

  • Median Annual Salary:  $ 98,350
  • Projected growth rate:  20%

Medical Records and Health Information Technicians

These technicians review medical records and retrieve patient information for doctors, nurses, and other technicians. The specialized courses of their undergraduate equip them with the knowledge to process, maintain, and compile medical records and patient information inconsistencies with legal, ethical, and regulatory requirements, as well as medical coding systems.

  • Median Annual Salary:  $ 39,180
  • Projected growth rate:  13%

Management Analyst

An analyst (or consultant) collects and reviews data, then shares it with clients to inform them of how to improve efficiency. A management analyst position usually requires a bachelor's degree. On a typical day, they may meet with administrative management to share an analysis of their findings of the effectiveness of the organization's resource allocation. This is one of the Careers in Health Management Degree.

  • Median Annual Salary:  $ 82,450
  • Projected growth rate:  14%

Human Resource Management

The human resource manager oversees the organization's human resources department, completing tasks such as reviewing new employees, and resolving workplace conflicts. These positions often require a bachelor's degree, equipping them with conflict resolution and problem-solving skills to navigate human resource problems in the workplace. This is one of the Careers in Health Management Degree.

  • Median Annual Salary:  $ 110,120
  • Projected growth rate:  9%

Finance Manager

The finance manager directs the financial operations of the organization, manages investment activities, and develops plans on how to advance the organization's financial goals. In a health care setting, scholars in health care administration can help them work with administrators to develop strategies that benefit a facility's financial well-being. This is one of the Careers in Health Management Degree.

  • Median Annual Salary:  $ 125,080
  • Projected growth rate:  19%

Can I Get an Online Health Management Degree?

Online health care management degrees provide a flexible alternative to campus education. Students can access class lectures and lectures, participate in class discussions, submit written papers, take exams, and communicate with teachers according to their own schedule.

However, today's educational technology also allows them to study outside of their home computer with a laptop, tablet, smartphone, or other Wi-Fi compatible device. Online students can also arrange internships at a hospital, clinic, or another place near their home.

Online students who graduate with an accelerated online health management degree will qualify for most entry-level positions in the field, including some managerial roles. Specific positions include medical records and health information technician, medical and health services manager, administrative services manager, and billing/coding specialist.

In some of these jobs, employers prefer candidates who have obtained a professional license or certification; Top health management degree online programs will give students the knowledge and skills they need to earn this additional credential.

Health Management Degree Program

  • Medical terminology
  • Human Resource Management
  • Finance and Health Accounting
  • Epidemiology
  • Health management

Medical terminology: 

Medical terminology courses are an integral part of student health care management programs as they help students to use common health care terminology and understand what others have written about health care.

Human Resource Management: 

HR management explores the basics of hiring managers as well as sensitive issues of sexual harassment, benefits packages, and the hiring process. Companies of all types must use smart hiring practices to stay competitive. This is especially important in health care, where professional reputation can significantly influence the success of a health care company.

Health Finance and Accounting:  

Adequate patient care is only possible in a tax-responsible environment. Finance, accounting, statistics, and budgeting are some of the top priorities for those working in the health management field

Epidemiology:  

As a public health science Epidemiology in health management is sometimes referred to as management epidemiology. The National Institutes of Health has indexed several epidemiological studies in health management programs, such as management epidemiology in health management curricula, which testify to the importance of the subject in educational contexts.

Health Management: 

Students in health management undergraduate programs typically attend introductory health management courses where they discuss general concepts, theories, and practices impacting modern health organizations. 

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