10 Business Jobs in Healthcare: Careers in Administration, Finance & More
The healthcare industry is one of the largest and most exciting fields, offering many career opportunities for people with different skills and interests. You can find roles ranging from doctors, nurses, and therapists to lab technicians and radiologists. These jobs are in high demand because the population is aging, medical technology is advancing, and there’s a big focus on preventive care.
However, not everyone wants to work directly with patients. If you have a talent for business and management and are interested in the thriving healthcare sector, there are plenty of non-clinical career paths that are just as rewarding. These roles are crucial for keeping healthcare facilities and organizations running smoothly and efficiently.
Business and Management in Healthcare
Yes, there are lots of business and management jobs in healthcare. These roles are important for helping doctors, nurses, and other medical staff do their jobs well. People in these positions handle things like budgeting, hiring staff, managing daily operations, and making sure the facility follows all healthcare rules.
Why Choose Business and Management Roles in Healthcare?
- Job Security: The healthcare industry is always growing, so there’s a steady need for people with business skills.
- Good Pay: These jobs often come with good salaries and benefits.
- Make a Difference: Even though you’re not treating patients, your work helps ensure that patients get quality care.
- Career Advancement: There are plenty of opportunities to move up, whether you’re aiming for a mid-level management role or an executive position.
How It’s Different from Other Business Jobs
Healthcare management jobs are unique because you need to know both business basics and healthcare specifics. Unlike typical business roles, these jobs require knowledge of healthcare laws, medical terms, and the unique challenges healthcare organizations face. This special knowledge helps you make better decisions that improve both how the facility runs and the care patients receive.
10 Business Careers in Healthcare
If you’re interested in the business side of healthcare, there are many roles you can pursue. Here are 10 jobs that focus on the business aspect of healthcare and medicine, along with salary expectations:
1. Healthcare Services Manager
Manages the daily operations of healthcare facilities or departments to keep things running smoothly. This includes scheduling staff, managing budgets, and improving efficiency. Salary: Around $100,980 per year.
2. Health Information Manager
Oversees patient records and health information systems to ensure data is accurate, private, and compliant with regulations. This role is crucial for keeping sensitive patient information secure. Salary: Approximately $104,280 per year.
3. Medical Benefits Administrator
Manages employee health benefits programs, works with insurance companies, and ensures legal compliance. This role helps employees understand their benefits packages. Salary: Around $67,190 per year.
4. Financial Manager
Plans and executes financial strategies, manages budgets, and provides financial reports to support decision-making. This role also includes financial forecasting and risk management. Salary: Roughly $134,180 per year.
5. Human Resources Manager
Recruits, hires, trains, and supports healthcare staff while overseeing employee development and performance. This role also handles employee relations and ensures compliance with employment laws. Salary: Approximately $126,230 per year.
6. Regulatory Affairs Specialist
Makes sure healthcare products and services comply with all regulatory standards and policies. This involves staying updated on healthcare regulations and preparing necessary documentation. Salary: Around $74,670 per year.
7. Compliance Officer
Ensures that healthcare organizations follow laws, regulations, and internal policies to avoid legal issues and maintain high ethical standards. Salary: Approximately $75,780 per year.
8. Healthcare Consultant
Provides expert advice to healthcare organizations on how to improve efficiency, reduce costs, and enhance patient care. This involves analyzing current practices and recommending improvements. Salary: Around $87,660 per year.
9. Medical and Health Services Manager
Coordinates medical services across various departments to make sure clinical activities align with business goals. This involves strategic planning and overseeing department operations. Salary: Roughly $104,280 per year.
10. Healthcare Chief Executive Officer (CEO)
Develops and implements strategic plans to achieve organizational goals, oversees overall operations, and ensures quality patient care. This top-level executive role requires strong leadership and vision. Salary: Around $185,950 per year.
These career paths focus on the business side of healthcare, requiring a mix of business skills and healthcare knowledge. By choosing one of these roles, you can help healthcare facilities run efficiently and effectively while contributing to better patient care.
Looking into the Business Side of Healthcare
Entering business careers in healthcare is easier than you might think. With the right education and skills, you can quickly get started. Most of these roles require a mix of healthcare knowledge and business know-how, which you can gain through specific degrees and certifications. For example, getting a degree in healthcare administration or business management with a focus on healthcare can be very helpful.
Experience also plays a big role. Internships or entry-level jobs in healthcare settings can give you valuable insights and help you build connections. As the healthcare industry keeps growing, the need for skilled professionals in these business roles will only increase, making it a great field to join.
These steps will help you launch a fulfilling career in the business side of healthcare: obtaining the appropriate education, accumulating real-world experience, and continuously honing your skills. These jobs not only offer good salaries but also allow you to make a real difference in how healthcare is delivered.
