Public, Private and Non-Profit: Your Options in Choosing a Healthcare Administration Career
Throughout the difficult years of recession and economic decline, healthcare jobs maintained their stability and are even poised for serious growth in the coming decades. The individuals who currently inhabit these careers take the good with the bad, as any employee does, with long hours and sometimes stressful situations pitted against higher-than-average salaries and tons of room for advancement, especially with professional degrees like healthcare management from Colorado University online. Perhaps one of the most appealing facets of a career in healthcare administration, however, is the wide variety of choices, options concerning location, specialty (marketing or finance?) and sector: public, private or non-profit. Which one sounds like the best match for you?
Public health administrators are commonly found in governmental positions, such as local, state or federal health departments. With the elderly population increasing every year, making clinical health and hospice care a booming industry, the over 400 federal government-owned medical centers require many healthcare managers and administrators to oversee the vast amount of day-to-day business necessary to keep operations running smoothly. Whether at the top of the administration totem pole or an entry-level employee, individuals who work for the government generally receive competitive salaries and excellent benefits packages.
Private sector administration jobs are equally desirable and for many of the same reasons. There is an even broader range of career options, with positions in private health care facilities, as well as pharmaceutical companies and health insurance providers, just to name a few. In these kinds of positions, administrators will fare well with a strong grounding in business-type management, where experience with finance, marketing and communications can have untold impact on work performance. The potential for earning in the private sector is great, as well, especially when the hospitals and companies are on a grand scale and your position within them is near the top.
Once you have completed your health administration degree online, you might consider working for a nonprofit, especially if you have specific causes that are dear to your heart, or the idea of having a “mission” to act on the behalf of speaks to you. While large nonprofits like the American Cancer Society or the American Nurses Association are well-established, smaller organizations may struggle more financially, which can mean less long-term stability and less-than-ideal job prospects.