Students can find medical transcriptionist programs at vocational and career training schools, technical schools and community colleges. There are also online programs available.
Top 11 Jobs for a Master’s Degree in Health Care Administration
A master’s in healthcare administration is an advanced degree that prepares professionals to manage hospitals and other medical facilities. If you’re interested in the business side of health services and enjoy helping others, you might pursue a degree and a career in healthcare administration.
Jobs for someone with a master’s degree healthcare administration are critical to making sure medical facilities run smoothly. Organizations and institutions that depend on professionals with this degree to manage their people and operations include:
A master’s in healthcare administration prepares you to be a leader in the ever-changing health care industry. It can also make you desirable to employers looking for management-level employees with skills and knowledge specific to the medical field. Healthcare administration jobs are in high demand and tend to pay well.
How Much Is Spent on Healthcare in the US?
1. In 2018, US residents’ healthcare expenditures totaled $3.65 trillion.
Healthcare statistics from 2018 show that US healthcare costs are the same size as Canada and Spain’s combined GDPs. And if these numbers aren’t upsetting enough, keep in mind that US healthcare spending increased by 4.4% since last year.
2. US healthcare expenditures account for 17.9% of the country’s GDP.
Estimates are that healthcare costs will continue to go up, and by the year 2027, healthcare will make up a shocking 19.4% of the country’s GDP, US healthcare statistics from 2018 indicate.
3. US healthcare costs by far exceed that of other countries in the developed world.
The US per capita spending was $11,121 in 2018, a world apart from the OECD average. Switzerland—where healthcare costs per capita are $7,300—is ranked second, while the average for all OECD countries was only $5,300 per person.
Sadly, the outcome doesn’t match the investment. Healthcare statistics by country reveal that t he US actually shows worse results in life expectancy, infant mortality, and diabetes rates than other developed nations that spend less on medical care.
4. 2000.16 billion was spent on hospital care and medical professionals alone.
The cost of prescription drugs, on the other hand, rose to 3.3% in 2018 from 2017’s 0.4%. Still, the largest increase was noted in health insurance spending, which rose 7.7% in 2018.
5. Administrative costs account for almost 30% of healthcare spending.
With 15% of all healthcare costs spent on billing and insurance-related services alone and a quarter of the healthcare workforce engaged in administrative tasks, the US spends more on “back-end” functions that direct patient care.
6. A visit to the ER without insurance can cost between $150 and $3,000.
The cost of medical procedures without insurance can be incredibly high. For instance, a bro ken leg can generate bills in the amount of $7,500, not to mention more serious injuries and illnesses. For some critical cases, patients can spend $20,000 in the ER.
Administrative Healthcare / Medical Job Titles
Without planning and administrative input, it would be difficult for doctors and other medical professionals to deliver their services. Some people in administrative roles are responsible for scheduling appointments, while others may be in charge of running an office, nursing home, or hospital. Some job titles include:
- Account Executive
- Account Manager
- Accounting Clerk
- Accounting Manager
- Administrative Assistant
- Administrative Medical Assistant
- Admissions Clerk
- Admissions Director
- Assistant Administrator
- Assistant Admissions Director
- Assistant Director of Nursing
- Bereavement Coordinator
- Billing Manager
- Billing Specialist
- Business Analyst
- Case Manager
- Chief Financial Officer
- Claims Examiner
- Claims Specialist
- Clinical Coordinator, Recovery Services
- Coding Educator
- Computer Analyst
- Computer Programmer
- Customer Service Representative
- Director of Nursing
- Director of Operations
- Director of Rehabilitation
- Executive Assistant
- Executive Director
- Financial Analyst
- Front Office Clerk
- Health Facilities Surveyor
- Health Services Manager
- Healthcare Administrator
- Healthcare Management
- Healthcare Specialist
- Hospice Administrator
- Hospital Administrator
- Information Technology Specialist
- Medical Administrative
- Medical Assistant or Receptionist
- Medical Associate
- Medical Billing Specialist
- Medical Claims and Billing Specialist
- Medical Coder
- Medical Manager
- Medical Office Assistant
- Medical Office Manager
- Medical Office Specialist
- Medical or Health Services Manager
- Medical Receptionist
- Medical Records Clerk
- Medical Records Director
- Medical Records Technician
- Medical Sales
- Medical Technologist
- Medical Transcriptionist
- Mobile Director of Nursing Services
Universal Healthcare Stats
The old saying “What goes up must come down” doesn’t seem to apply to the global health industry. Research shows that world citizens spend more on healthcare every year.
8. The US spends the most on health per person, followed by Switzerland and Germany.
Relative to the size of its wealth, the US spends a disproportionate amount of money on health every year, according to the latest health stats. While the US’s healthcare consumption expenditure per capita is $10,224, Switzerland and Germany spend $8,009 and $5,728 per capita, respectively. Other top spenders on health are Sweden ($5,511) and Austria ($5,440).
9. Global healthcare spending will cross the $10 trillion mark by 2022.
Research shows that the healthcare sector will reach $10.059 trillion by 2022. Aging and growing populations, higher rates of chronic health conditions, and exponential but costly advances in digital technologies will continue to push global healthcare expenditures upward.
Getting a Job
So, you’ve decided to work toward a job in healthcare, and you’re pursuing the right educational opportunity for you. Once you earn your degree, you’ll be in a good position to begin your job search.
Some schools will help you with everything you need to prepare for the job application process, the interview, and even the first 30 days on the job. Check with your school’s career services department to see how they can help you.
Mock interviews can be especially helpful. Job interviews are often nerve wracking enough, and you don’t want your first experience to be when the job is on the line.
Practice interviews allow you to learn to work through your nerves. Through these practice sessions, you can begin to understand the sorts of questions that the interviewer may ask you—and how you should answer them.
Job search guidance is also important, because there are a lot of things that you may not even think about when it comes to finding a job. Body language is one example. Your body can give nonverbal signs to interviewers. How do you make sure you’re giving the right signals?
Graduation is only the beginning. Get ready to go out there and find the job you’ve been working toward. Keep this guide handy to help you every step of the way, and contact your school if you have any questions or need any assistance. Good luck!