In an economy where outsourcing everything from manufacturing to business services is standard operating procedure, finding a career that you can count on for the rest of your life can be a monumental challenge. What skill-set will give you an advantage over your peers and eliminate any worry that your position will be outsourced in the future? The answer lies in the few industries remaining in which outsourcing isn’t a viable option. Among those industries, Healthcare is the largest source of jobs that pay well, offer a sense of professional fulfillment, and are guaranteed never to be outsourced.
Unfortunately, it generally takes an insider’s experience and specialized knowledge to know which degree programs are best suited for a particular job. In some cases, even knowing the difference between one career and another within healthcare can be a challenge.
What is the Difference Between Healthcare Management and Healthcare Administration?
A healthcare administrator coordinates healthcare services at a hospital, skilled nursing facility, and similar organizations. As an administrator, your job is to smoothly manage either an entire facility or a specific department within a facility such as billing, human resources, or even public relations. In the corporate world, a healthcare administrator is analogous to a Chief Operating Officer, who overseas the day-to-day operations of a large company or non-profit organization.
A healthcare manager, by contrast, often acts as a liaison between an organization’s administration and its healthcare staff. Nonetheless, the terms are often used interchangeably in the healthcare industry. An individual with a degree in Healthcare management may work as a healthcare administrator and an individual with a degree in healthcare administration may be hired as a healthcare manager.
Which degree program is the best option for someone seeking a career as a healthcare administrator or manager? The difference between a degree in healthcare administration and a degree in healthcare management is similar to the difference between a degree in Business Administration and a degree in Business Management; while there are subtle differences in coursework, much of the same material is covered in both degrees. Either degree will give you the foundation you’ll need for a career in healthcare management or administration.
Average Salary and Job Growth Projections
According to the Bureau of Labor Statistics, Healthcare managers earn a median annual income of approximately $84,270 as of 2010. In keeping with the rapid growth of the healthcare industry throughout the nation, healthcare administration and healthcare management jobs are expected to increase at a rate of 22% between 2010 and 2020, which means an additional 67,000 job openings for healthcare administrators and healthcare managers will be added by 2020. In fact, CNN Money named Hospital Administrators one of the top 100 jobs in America in 2010.
There is little difference between healthcare management and healthcare administration. If you’re interested in pursuing a rewarding career in healthcare administration, you can rest assured that both a degree in healthcare administration and a degree in healthcare management will give you the educational foundation you’ll need to secure a well paying, satisfying career.