Why Healthcare Administration Is in Demand: Is It Right for You?

If you are looking for a career with a future, it is almost guaranteed that anything in healthcare promises long and fruitful prospects. However, one of the most in-demand careers within the healthcare industry is business administration. There are many reasons why healthcare administration is in such high demand which we shall briefly highlight, but is this a career for you?

A Growing Shortage of Healthcare Professionals

It should come as no surprise that there is a growing shortage of healthcare professionals across the board. While doctors and nurses are in greatest demand, there is much that business administrators can do to assuage misinformation and distrust that is being propagated in the news as well as on social media. According to many surveys, healthcare workers are seeing themselves as undervalued brought about by a global pandemic. 

Nothing has made it more difficult to advance a positive view of the healthcare industry than the two-year long and growing pandemic. A well-informed healthcare business administrator with people skills can step out into the community to rally support for this vital industry.

With more and more doctors and nurses leaving their positions because of vaccine mandates, early retirement and sheer exhaustion, new blood is greatly needed – no pun intended! A strong and knowledgeable healthcare administrator can bring motivated, career-oriented talent aboard.

It is all about presenting real needs in a way that a career-focused person can relate to. With all this said, that’s one of the main reasons why healthcare administrators are in such high demand. Few have had the previous training and education to meet these needs and so many more.

This is the kind of program established at uOttawa’s TELFER Healthcare Administration online school, a true pioneer in the field. This graduate level healthcare administration program is one of few that are seeking a way to merge healthcare with business administration and rapidly advancing healthcare technology. 

A Lack of Tech-Savvy Healthcare Administrators

This poses a new challenge to the healthcare industry as a whole. Not only is healthcare technology advancing literally at the speed of light, but few administrators have been required to study healthcare-related technology in previous years.

As a result, effective healthcare administrators must be ready to take advantage of the technology at their disposal. This could include anything from healthcare diagnostics to business diagnostic software. A huge part of administration is in running the figures over and over again to find weaknesses in their organisation’s financial wellbeing.

Not only can a greater use of technology improve a healthcare organisation’s bottom line, but it can also improve patient care. There is, after all, a symbiotic relationship between patient care and financial stability. Well-served patients are the best advertising you could hope for. Word of mouth is still as effective as ever. Bear in mind that your patients are your consumers and will gladly tout the level of service they received throughout every social media platform they enjoy.

A Greater Need for Affordable Healthcare Solutions

Unfortunately, many healthcare services are simply beyond what the average person can afford. It is also an often-misunderstood belief that Canadian healthcare is free. As of just a few years ago, the cost of Medicare Canada had an annual price tag of roughly $7,000 per year and many services are still out-of-pocket expenses.

One of the key tasks any healthcare administrator is challenged with is to provide affordable healthcare within their institution or organisation. By keeping costs low within an institution, some of those out-of-pocket services not covered by Medicare can be made more affordable.

This is one of the areas in which technology can be a significant improvement. With data and analysis being continually updated in the background, administrators can keep a handle on where the greatest expenditures are keeping profits low. Make no mistake. Unfortunately, healthcare is a business, and it must operate at a profit, or it will necessarily lose some services that simply can’t be supported.

Typical Requirements for Entry into Graduate Level Programs

There will always be prerequisites required to gain entry into a graduate level program. While some schools require previous medical experience, there are others that focus heavily on at least seven years of experience in some sort of business administration type of position. Most schools require a baccalaureate as a prerequisite, but some schools will offer options to begin graduate studies during the completion of their first four years.

The point being made here is that a Master’s in Healthcare Administration demands a serious-minded student focused on a lifelong career. You will also most likely need at least two letters of recommendation along with being able to pass English and Math proficiency tests when required.

Are You Ready for the Challenge?

Now that you understand just how grave the need for healthcare professionals is and what it takes to be an effective healthcare administrator, are you ready for the challenge? This is not a career for anyone seeking only a top-level salary, which of course you can expect.

Achieving a graduate degree in the field of healthcare administration requires so much more of a candidate for acceptance into a leading university. You must be ready to meet the challenges you are faced with on a daily basis to seek solutions for all parties involved.

A healthcare administrator must focus on the financial end of the business while also seeking to keep employees and consumers happy. This is a career for someone who can separate the needs from the wants in order to ensure everyone is appeased.

From the board of directors to the lowest-paying patient, meeting everyone’s needs is the greatest challenge you will ever face in life. The right college offering a well-rounded graduate syllabus can prepare you for the challenges ahead.

Yet, the question still remains. Are you ready to meet the demands of an industry that has proven to fall short in so many areas? If you are a motivated, self-starter with a perfectly focused balance between administerial duties and patient-centric care, this just might be the career for you.

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