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This is an exciting time for healthcare management. Healthcare is changing more rapidly than almost any other field. The field is changing in terms of how and where care is delivered, who is providing those services, and how that care is financed. Healthcare management requires talented people to manage the changes taking place. In their roles, healthcare executives have an opportunity to make a significant contribution to improving the health of the communities their organizations serve.

With growing diversity in the healthcare system, executives are needed in many settings, including:

  • Clinics
  • Consulting firms
  • Health insurance organizations
  • Healthcare associations
  • Hospitals
  • Nursing homes
  • Physician practices
  • Mental health organizations
  • Public health departments
  • Rehabilitation centers
  • Skilled nursing facilities
  • Universities and research institutions

Today, an estimated 100,000 people occupy health management positions at numerous organizational levels, from department head to chief executive officer. Requirements for senior-level positions in healthcare organizations are demanding, but these jobs also offer opportunities to improve the system of care giving.

If you choose a career in healthcare management, your first job might be an entry- to mid-level management position in a specialized area, such as:

  • Finance
  • Government relations
  • Human resources
  • Information systems
  • Marketing and public affairs
  • Material management (purchasing of equipment and supplies)
  • Medical staff relations
  • Nursing administration
  • Patient care services
  • Planning and development

Growth and Salaries

Healthcare management is a huge, complex, and ever-changing field. In fact, healthcare services will increase 30 percent from 1996-2006 and will account for 3.1 million new jobs, the largest increase of any industry.

Hospital Executive Salary Information

Two-thirds of ACHE affiliates are employed in hospitals or hospital systems. Fifty-two percent hold positions at the chief executive, executive vice president, or vice president level. The data here correspond to the salary information requests our affiliates frequently address to the ACHE Healthcare Executive Career Resource Center.

The comprehensive 2007 survey conducted by IHStrategies covers 130 positions. Within its report, you will find detailed data on the top healthcare system and hospital executive positions highlighted in the table below. Your Human Resources Department may purchase the report or obtain more specific salary information by contacting Michael J. Rugani, Survey and Database Manager at IHStrategies (612) 337-1129 or mike.rugani@IHStrategies.com. Please be aware that there may be a fee required to provide specific position information. Additional information about IHStrategies can be obtained by visiting the IHStragies Web Site.


Hospital Executive Pay

 
System
Hospital
Base Total Cash Base Total Cash
CEO
    Independent $576.0 $672.4 $421.2 $476.1
    Subsidiary $476.1 $525.6 $274.1 $311.8
COO $343.0 $400.0 $243.6 $275.6
CFO
    Independent $325.8 $363.7 $243.0 $262.8
    Subsidiary $277.7 $291.3 $185.6 $205.0
CMO $325.0 $376.7 $275.0 $307.2
CIO $229.0 $252.3 $176.9 $189.6
Head of patient care $191.8 $216.2 $170.3 $183.8
Head of nursing $189.2 $211.5 $162.0 $177.4
Head of human resources $206.5 $228.7 $149.8 $159.8
Head of quality improvement (nonMD) $294.0 $321.5 $101.8 $103.7
Head of professional services $175.5 $194.1 $158.4 $173.4
Head of ambulatory services $181.0 $185.6 $131.1 $139.2
Head of service line $152.2 $158.8 $130.4 $135.0
Head of support services $170.0 $190.0 $144.3 $155.6
Head of corporate development $240.0 $272.7 $210.6 $220.0
Head of managed care $195.0 $214.9 $130.0 $134.4
 
(2007 Hospital Compensation Survey -
Conducted by IHStrategies)

*All figures in thousands of dollars. Unless otherwise noted, each position includes a mix of data from independent and subsidiary organizations.


Healthcare Administration in the Military and Department of Veterans Affairs

There are many rewarding and exciting healthcare management careers offered through the uniformed services as well as the Department of Veterans Affairs. Click on the links for additional information.


 


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