Let’s be clear. Earning your Master’s is not an easy task. It’s a whole lot of work. Add to it the stress of studying, the sweat, and all the tuition fees and other things, and it becomes something taxing and arduous. So why would you want to go for an MHA degree?
It takes 3-4 years to complete. You will have to start at the bottom of the ladder and make your way to the top executive positions. And healthcare administration is not an easy job.
Here we have brought together all the benefits of holding a Masters Degree in Healthcare Administration so that you will take up the challenge and have something to look forward to in this field. All the time, work, money, and stress that you put in will never go waste, let us tell you that. Pursuing a career in Healthcare Administration is the best thing you will ever do, and we have the statistics to prove it.
1. IT PAYS WELL
A lot of people don’t go for a degree in Healthcare Administration as they think that the investment they are making in their career will not be paid back over time. That is a myth, yet unfortunately, a lot of people fall for it. The truth is that the average pay for a healthcare executive who has an MHA degree is between $82,000 and $117,000 annually. Of course, your experience plays an integral part in it, as well as the size of the organization.
If you want to earn the right amount and make sure that it keeps increasing, then you need to go for an online MHA degree. Otherwise, you will get stuck in a place. Only the people with a higher degree and years of experience behind them go up to the coveted executive jobs.
2. IT’S YOUR WAY TO THE TOP
You might be one of the most experienced people in your healthcare organization, but unless you have an MHA degree, you will not get too far. You might be able to get into a good organization at an entry-level position, and you might get some experience in the field, but without an MHA degree, you will get only as far as mid-level positions.
Usually, people who get to mid-level positions opt for an MHA degree when they see that their career path is becoming stagnant. But, if you enroll in a healthcare administration program now, you will not only beat the competition, you will also have a straight path to the top.
3. SOCIAL RESPONSIBILITY
After doing your MHA degree, and getting an administration job, you will be in a position to control the future of not only a healthcare organization, and you will also have the fate of hundreds of people and thousands of patients in your hands. If that is not a sobering thought, we don’t know what is. It is the reason why healthcare administrators take their jobs so seriously. There is potential to do good as well as the risk of failing if you don’t shoulder your responsibilities. The sense of responsibility and the rewards that come with it make healthcare administration a lucrative job.
4. WIDE VARIETY OF DISCIPLINES
When you opt for a Master’s degree in Healthcare Administration, you are not going for just one profession, but in essence, a whole lot of them. These disciplines include accounting, market research, management skills, among others, and you need to make sure that you become quickly adept at all of them. You will also enhance your leadership skills and other 21st century skills in this field. The broad scope of disciplines and information required in an MHA degree makes it so much more than any other MBA degree out there.
5. IN DEMAND
As the population grows and gets older, a lot of healthcare facilities will be more accessible. People need healthcare, and it is their top priority. Whether that facility is a hospital, clinic, old-home, independent living facility, or anything else, there is going to be an increasing demand for it. It will increase the demand for healthcare professionals as well as healthcare administrative professionals.
As long as you continue your education, the opportunities will be there for you.
Once you have your MHA degree in hand, you will have the options of choosing which type of medical facility you want to work. It might be a nursing facility, a full-blown hospital, an old-age independent living facility, or anything else in between. The options are limitless. With more experience and knowledge, the opportunities to grow and broaden your horizon will keep on presenting themselves.
7. MAKE A DIFFERENCE
Forget the pay, forget the handsome benefits, forget everything. The most important thing is that you will be able to influence other people’s lives. You will be able to make a difference. An organization might have the best and most qualified doctors available, but if there are not medical administrators to run the facility, the doctors won’t be able to do much. That’s where you come in. You will be making a massive difference in the lives of thousands of people, including medical practitioners and patients. Who wouldn’t want that?
You will be able to work with the latest medical technology and implement it at your organization. You will receive a handsome remuneration for your services. There’s no limit to what you can accomplish once you have an MHA degree at your back.