The job of a hospital administrator involves overseeing the day-to-day operations of a hospital and working with employees at every level of the business. Each day is different for the hospital administrator and requires flexibility. Hospital administrators are compensated well compared with many other careers, but they also have a large amount of responsibility.
If you prefer variety, then one advantage of being a hospital administrator is that you do not have to do the same thing every day. The job of an administrator is always adapting to the needs of the hospital. When you are an administrator, you act as a liaison among multiple departments, help solve problems and make sure that the hospital runs smoothly. While you will have some consistent responsibilities, your job comes with many new challenges every day.
Compensation and Benefits
Another major advantage of being a hospital administrator is the compensation and benefits. Hospital administrators are generally paid very well compared with other careers. According to the Bureau of Labor Statistics, the average hospital administrator made more than $80,000 per year as of 2008. It is possible to make more than $100,000 in bigger hospitals. You also get access to a comprehensive benefits package, such as discounted health care for you and your family, paid time off, retirement packages and several other benefits.
One of the potential disadvantages of being a hospital administrator is the long hours. It is not uncommon to work 10 or 12 hours per day during busy times. At the hospital, medical emergencies are common, and you may have to make tough decisions that affect patients. Since you are a decision maker, your presence may be required for many hours per day at the hospital.
Another potential disadvantage of being a hospital administrator is that you have to keep up with all the regulations and rules of the medical industry. The government regulates much of the health care industry, and you have to make sure that your hospital is up to code in every area. You also have to deal with medical insurance companies on claims and other issues that can directly impact the bottom line of the hospital.
2016 Salary Information for Medical and Health Services Managers
Medical and health services managers earned a median annual salary of $96,540 in 2016, according to the U.S. Bureau of Labor Statistics. On the low end, medical and health services managers earned a 25th percentile salary of $73,710, meaning 75 percent earned more than this amount. The 75th percentile salary is $127,030, meaning 25 percent earn more. In 2016, 352,200 people were employed in the U.S. as medical and health services managers.