Healthcare is a dynamic network of public and private clinics, hospitals, assisted healthcare facilities, and independent practices that are in a state of continuous change.
New technological advancements, healthcare legislation, and economic regulations make it even more unpredictable.
But in all this hustle, people continue to demand better patient care at a reduced cost. Therefore, healthcare seems to be in perpetual need of skilled and competent professionals well-versed in healthcare’s medical and administrative domains.
Educational requirements are always changing. Now is not the time when a diploma or even a bachelor’s degree helps you climb the ladder.
And I’m here to encourage you to explore this further!
I offer Master Mindset Coaching for individuals looking to enjoy their careers far more.
Basically, I love helping people to live their most successful and fulfilling lives.
So I decided to put together this article all about the many reasons you might want to consider getting an master’s in healthcare administration.
Today, a master’s is essential to reach the top of this dynamic and unpredictable sector. And…a master’s in healthcare administration is considered par excellence, preparing new graduates for the demanding nature of work in this sector.
Continue reading to know the most important reasons for pursuing a master’s in healthcare administration.
MHA degree is a combination of medical education with an emphasis on understanding various aspects of the administrative domains of a healthcare institution.
Apart from essential clinical knowledge and high-quality patient care, students get training in health policy, human resources management, operations management, financial analysis, etc. Simply put, it provides students with a holistic knowledge of healthcare administration.
The mode of education does not matter, as long you can practice what you learned in your degree program. Depending on your work schedule, you can enroll in an on-campus or an online master healthcare administration program.
In the backdrop of the recent Covid-19 pandemic, online education has become an overall more practical option for everyone. According to abcNEWS.com, online public health programs demonstrated a surge in enrollment during the pandemic. However, it is particularly more appropriate for professionals already working in the field.
Providing people with the best care based on research and evidence-based practices is one of the hallmarks of educated professionals. But improving patient care services is not the only reason motivating people to enroll in healthcare administration programs.
A better earning potential is a decisive factor too. There is strong evidence corroborating that an MHA degree increases your earning potential. Though the organization’s size, the state in which you work, and your industry experience matter greatly, an MHA degree is the key to your career advancement.
With an MHA degree, you can earn an average salary of $101,340 per year, equal to $48.72 per hour. Moreover, MHA degree healthcare administrators also receive performance-based bonuses and pay increments as their experience increases.
Usually, the work of a healthcare administrator includes high-responsibility roles with a chance to make critical decisions.
The decisions of a healthcare administrator are strategic and possess the potential to influence the future of an organization. They also affect the career and functions of healthcare personnel and the patients coming to get treatment. Therefore, running a healthcare facility requires competent and decisive professionals who can manage its various facets efficiently and effectively. An MHA degree prepares these professionals with the skills and expertise to be brave enough to do the needful.
Furthermore, the sense of responsibility accompanying these roles makes it the most satisfying and rewarding career.
A career’s employment potential or job outlook of a career plays an important role in choosing one career over the other. After all, you want to find a lucrative and stable job after completing your degree program.
In the case of healthcare administrator jobs, the career outlook is very positive. New jobs are expected to open every year in this field and other medical professions. It implies that your skills will be in great demand in the ensuing decade.
Healthcare settings are constantly changing, and new and innovative facilities are opening up. All these facilities need dynamic and courageous leadership ready to make risky decisions for the development of their facility.
An undergraduate may be happy to work as an administrator of a unit. Whereas a master’s degree prepares you for much bigger roles— managing an entire facility or health network. Having said that, with an MHA, you can join a nursing home as an executive administrator or assume similar responsibilities in a hospital. Some people also join the health policy domain to become health policy experts.
The job of an administrator is indispensable for healthcare. This single entity impacts the lives and careers of several other people, including doctors, nurses, other medical staff, and patients.
Without them, the whole facility will be in chaos. Their skills and knowledge help the most competent professionals function properly, who otherwise may fail to see any organized structure in a hospital.
As for the patients, without an administrator, they won’t get the necessary treatment. Healthcare administrators are at the helm of meeting a hospital’s staffing needs and ensuring that it has the most competent doctors and surgeons.
Finally, if it were not for healthcare administrators, a hospital would always find itself in a quandary pertaining to improper budget development and finance allocations.
The reasons mentioned above make an MHA degree indispensable for your professional and personal development. It is only fair that you know about the procedure to get an MHA degree.
Admission requirements include a bachelor’s degree in a related field from an accredited institution and a current resume outlining your career and educational background. You also have to provide official transcripts of the previous degrees, a personal statement, and a letter of recommendation.
Specific requirements such as admission tests and language requirements may vary among institutions. But generally, most institutions’ admission criteria resemble the requirements mentioned above. Most universities also have well-updated websites that outline all the requirements in detail. Going through the official website before applying to an MHA program is highly recommended.
An MHA degree is your ticket to career development, better salary prospects, and more career opportunities. You can also select your preferred work settings to carry out your job duties. Moreover, with an MHA degree, you are better skilled in making crucial decisions impacting people’s lives and careers around you. If you need further support, I encourage you to explore working with me in my 1-on-1 in my Master Mindset Coaching Program.