Healthcare is one of the booming industries. As countries continue to enjoy greater life expectancies than ever before, there is a constantly increasing in need for experts in operational management, to find ways to deliver more efficient and affordable care to a greater number of patients. Incorporation of digital technology is already affecting healthcare and opening new doors for technologically sound students with an interest in business and financial operations to come forward and find solutions.
If motivated by the prospect of making a vital contribution to society and gaining access to a greater earning potential, the lucrative and often very gratifying field of healthcare management is growing and demands many healthcare management professionals.
Reasons To Work In Healthcare Management
- It’s a healthy industry and a booming sector worldwide: According to the Data gathered from the US Bureau of Labor Statistics (BLS) forecasts careers in medical and health service management to grow by another 23% until 2022. There is massive scope as far as employment in the field of hospital management is concerned. The sector was long predicted to grow by 17% between 2014 and 2024, a fact confirmed by so many private hospitals being established across the country. That’s a considerably higher growth rate than most professions. Careers in healthcare could grant access to many opportunities, a greater earning potential.
- Healthcare Management Professionals are likely to be happier: According to an anonymous survey conducted in 2013 by PayScale, 44% of the 25 highest-paid professions who would describe their work as ‘meaningful’ and ‘contributing to society’ were working in the healthcare sector. It seems that if Managers believe their high-earning job to be beneficial to the community, they are also more likely to be happy. According to PayScale, in fact, those pursuing careers in healthcare management rate their satisfaction levels the maximum five stars.
- New digital trends are transforming the health service: Digital technology is already reshaping medical services and tends to make it more universal, affordable and effective. From storing medical records in the cloud to making mental health services readily accessible round the clock, there are many ways digital trends will transform healthcare. This means for managers is more room for growth and an incredibly exciting working environment.
- It enables advancement in many types of organizations: Studying healthcare management at university would qualify for a variety of managerial and/or organizational healthcare jobs. They would be leading service transformation, implementation of innovative programs, new services and overseeing policy to improve the delivery of care at hospitals, nursing homes, and other health organizations.
- The field is always in need of new managerial experts: Healthcare providers are always looking for experts in operational management to improve processes, raise quality and reduce costs in order to help health professionals deliver better, faster care at affordable prices. There is a constant need for innovation, expertise and change.
- Managerial experts can work anywhere in the world: As the largest employer in most countries, the healthcare sector requires innovative managers across the world. Bachelor in Healthcare Management will equip the future managers with the skills and knowledge to assess organizational performance, to drive the implementation of innovation, and to manage the integration of people, systems, and technologies to deliver consistently high quality, person-centric care. This skill set is needed the world over, to help healthcare organizations improve the provision of care and cater for increasing numbers of patients.
- Recession Free Industry: Healthcare Sector is a recession free industry. The industry does not get affected by the recession in the market as the demand for healthcare is always rising and needed by the people in order to live long without illness.
- Government and Private Hospitals
- Health agencies, Laboratories and Clinics
- National and International Healthcare Organizations
- Health Insurance Companies
- Medical Colleges and Institutions
- Healthcare Centers and Nursing Homes
- Mental Health Organizations
- Public Health Departments and Rehabilitation Centers
- Pharmaceuticals and Hospital Supply Firms
- Medical Software Companies and Hospital Consulting Firms
- Bio Medical Equipment Organizations