Why is the typical Healthcare Administration salary so desirable to individuals of all health professions? It provides medical transcriptionists, medical coders and billers, patient representatives, and hospital managers with stable, growing wages of up to $40 or more per hour. As a result of an increased population of elderly people and their medical needs, professionals who possess Healthcare Administration Degrees are in high demand in hospitals, rehabilitation centers, insurance agencies, and medical groups. The greatest advantage of acquiring these degrees is that they are offered through a variety of programs, and this variety is what enables individuals of all education and skill levels to pursue them. Three of the top schools for degree programs in this area are described below.
1. ECPI University: ECPI is accredited by the Commission on Colleges of the Southern Association of Colleges and Schools, and it is ranked as the best school for veterans by Military Times Magazine. One advantage of this university is that its students are offered the opportunity to acquire both an associate’s and a bachelor’s degree in less than 3 years. One of the best online Bachelor’s of Science in Healthcare Administration Degree programs is offered by this university, and it costs $56,070 to complete.
2. LA College International: LA College International is accredited by the Accrediting Council for Independent Colleges and Schools. This college offers an Associate’s in Healthcare Administration-Coding and Billing Degree program, an Associate’s in Healthcare Administration-Health Information Management Degree program, and a Bachelor’s in Healthcare Administration Degree program. All of these degree programs can be completed online and/or at the college’s campus. The tuition cost for each associate’s degree program is $24,963, and the tuition cost for the bachelor’s degree program is $44,030.
3. University of North Carolina at Chapel Hill: The University of North Carolina at Chapel Hill is accredited by the Commission on Colleges of the Southern Association of Colleges and Schools. This university offers both a Master’s of Science in Healthcare Administration Degree program and an Executive Master’s of Science in Healthcare Administration Degree program. Both of these programs are ranked among the best health policy and management programs in the United States by U.S. News and World Report. For residents of North Carolina, the tuition cost per semester is $4,844.74. For non-residents, the tuition cost per semester is $12,889.74.
Details About Healthcare Administration Salary
An entry-level professional who possesses an Associate’s in Healthcare Administration Degree from an accredited school earns approximately $30,000 per year. On the other hand, a starting professional who possesses a Master’s in Healthcare Administration Degree makes an average of $100,000 or more per year. Obviously, the Healthcare Administration Salary that healthcare administration experts obtain clearly reflects their degree level, but there are also many other factors that contribute to the earning potentials that those individuals enjoy. Those factors include the following: the location of the medical facility in which individuals work, skill and experience levels, professional reputations, resume quality, promotional potentials, and overtime availability.
Currently, individuals who possess at least an Associate’s in Healthcare Administration Degree are actively pursued for their skills as medical transcriptionists and medical billers, and they enjoy an average Healthcare Administration Salary of $30,000 to $50,000 per year. Individuals who possess bachelor’s degrees in this field are also in high demand, and they are offered opportunities to work as healthcare managers and patient care coordinators. These professionals enjoy an average Healthcare Administration Salary of up to $90,970 per year. Lastly are the master’s degree holders, and these individuals primarily work as healthcare executives and administrators. Master’s-level professionals earn the greatest Healthcare Administration salary of up to $156,050 per year.