The Healthcare Administration Job Outlook

Healthcare outlook

Healthcare Administration Job Outlook

Why Is the Healthcare Industry a Growing Field?

So what makes the Healthcare Administration job outlook so good? According to the BLS:

Increased demand for healthcare services from an aging population and people with chronic conditions will drive much of the expected employment growth.

Bureau of Labor Statistics

This aging population are known as the ‘Baby Boomers’. According to the US Census, by 2029 all of the baby boomers will be 65 years and over. At this point, more than 20% of the total U.S. population will be over the age of 65. By 2056, the number of people 65 years and over is projected to be larger than the population under 18 years! This will have a tremendous affect on the health care industry.

In fact of the 30 fastest growing occupations, 18 are in healthcare and related jobs. Between 2018 and 2028 the healthcare industry growth is predicted to grow by 14% creating 1.9 million new jobs. Among those jobs include:

Healthcare Administration Job Growth

When you think of the healthcare industry, you may think of doctors, nurses and other specialists, but the reality is that behind every great hospital is a team of healthcare administrators who help ensure that patients receive the best care possible.

As already noted, the Healthcare Administration Job Outlook is estimated to grow 18% from 2018 to 2028. Compared to the average growth rate, this is much faster than average. It translates to over 71,000 new jobs in that 10 year span.

It is the job of a Healthcare Administrator to make sure hospitals and other medical facilities run efficiently and effectively. They hire staff, prepare budgets and keep records of the hospitals services. As such, an ideal healthcare administrator has a strong background in both leadership and healthcare.

According to the BLS, Medical and health services managers typically need at least a bachelor’s degree to enter the occupation. However, master’s degrees are common and sometimes preferred by employers. With a 2018 median annual pay of $99,730, now may be an excellent time to enter the healthcare work force.

Healthcare Administration Job Outlook

Want to use this infographic on your site? Just use the code below!

© Education Connection 2023. All Rights Reserved.

*https://nces.ed.gov/programs/digest/d20/tables/dt20_311.15.asp

Sources for school statistics is the U.S. Department of Education’s National Center for Education Statistics.

Disclosure: EducationDynamics receives compensation for the featured schools on our websites (see “Sponsored Schools” or “Sponsored Listings” or “Sponsored Results”).  So what does this mean for you? Compensation may impact where the Sponsored Schools appear on our websites, including whether they appear as a match through our education matching services tool, the order in which they appear in a listing, and/or their ranking.  Our websites do not provide, nor are they intended to provide, a comprehensive list of all schools (a) in the United States (b) located in a specific geographic area or (c) that offer a particular program of study.  By providing information or agreeing to be contacted by a Sponsored School, you are in no way obligated to apply to or enroll with the school.

This is an offer for educational opportunities, not an offer for nor a guarantee of employment. Students should consult with a representative from the school they select to learn more about career opportunities in that field. Program outcomes vary according to each institution’s specific program curriculum. Financial aid may be available to those who qualify. The financial aid information on this site is for informational and research purposes only and is not an assurance of financial aid.

1 You must apply for a new loan each school year. This approval percentage is based on students with a Sallie Mae undergraduate loan in the 2018/19 school year who were approved when they returned in 2019/20. It does not include the denied applications of students who were ultimately approved in 2019/20.

2 This promotional benefit is provided at no cost to borrowers with new loans that disburse between May 1, 2021 and April 30, 2022. Borrowers are not eligible to activate the benefit until July 1, 2021. Borrowers who reside in, attend school in, or borrow for a student attending school in Maine are not eligible for this benefit. Chegg Study® offers expert Q&A where students can submit up to 20 questions per month. No cash value. Terms and Conditions apply. Please visit http://www.chegg.com/legal/smtermsandconditions for complete details. This offer expires one year after issuance.

Sponsored Results

Study anywhere. Study any time.

Join the millions earning their degrees online.

7 million undergraduate and graduate students were enrolled in some form of online education in 2019!*

X