The U.S. Bureau of Labor Statistics predicts that the health-care field will grow by 16 percent through 2016, resulting in the creation of 43,000 new jobs. A health-care manager is responsible for managing the day-to-day activities of a physician's office, a medical department or an entire hospital. According to Payscale.com, the average salary of a health-care manager depends on factors including length of employment, employer type and geographical location.
A health-care manager's salary depends largely upon how much work experience he has in the field, reports Payscale.com. In September 2009, managers with 1 to 4 years of work experience earned, on average, $46,452 to $70,310 annually. The average salary range for 5 to 9 years of experience was $41,012 to $70,750. With 10 to 19 years of experience, health-care managers averaged salaries in the range of $53,031 to $72,932. Those who've worked in the field for 20 years or more earned between $57,076 and $90,369.
The type of employer a health-care manager worked for also affected his average salary range in September 2009. State and local governments paid managers the highest salaries, between $49,116 and $86,476. The lowest-paying employers of health-care managers were non-profit organizations, which paid managers a maximum average salary of $60,902. In May 2008, the U.S. Bureau of Labor Statistics listed electromedical instrument manufacturers and electronic-shopping and mail-order houses as the highest-paying industries for health-care managers, at $123,480 to $135,930 annually.
The education level of health-care managers also affected average salary ranges, as of September 2009. The highest-paid managers held Master of Business Administration (MBA) degrees and earned between $73,338 and $91,352 annually, while those with Bachelor of Science in Nursing (BSN) degrees earned between $56,526 and $76,302. Managers who held BSN degrees in health-care administration were the lowest paid, from $35,375 to $61,042.
What part of the country a health-care manager worked in also affected his salary range, according to U.S. Bureau of Labor Statistics reports in May 2008. The areas with the highest concentration of health-care managers were the District of Columbia and New York, where workers earned average salaries of $91,780 and $105,010, respectively. The states with the highest annual average pay for health-care managers were Washington, at $109,570, and Vermont, at $107,810. The cities where health-care managers averaged the highest salaries were Salinas, California, and Lawrence, Massachusetts, with pay at more than $125,000 annually.
As of September 2009, many health-care managers received additional benefits that increased their overall compensation packages. Managers earned an average of between 2.4 and 3.3 weeks of paid vacation and average annual bonuses of between $2,000 and $4,500. Additionally, health-care managers received annual average profit-sharing payments of $4,913 to $5,087. Other common benefits for health-care managers included paid holidays and sick days, 401(k) retirement plans, life or disability insurance, company cell phones, and tuition reimbursement for educational courses.
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