4 Healthcare Administration Career Options | + Salary | + Education Requirements

00:10:12
https://www.youtube.com/watch?v=hi4KyRT5BWU

Summary

TLDRCourtney Cheray discusses four less commonly known career paths within healthcare administration. Drawing from her nine years of experience in the field, Courtney provides insights into roles like hospital administration, which involves the development and implementation of policies and strategic planning; health information technology and management, focusing on the use of digital systems for healthcare data; revenue cycle management, which tracks patient revenue from initial contact to final payment; and healthcare business consulting, which involves solving problems and improving business results. She emphasizes the importance of these roles in the smooth running of healthcare systems and outlines the educational requirements and potential salaries associated with each career path.

Takeaways

  • 👩‍🏫 Courtney shares four unique healthcare administration careers.
  • 🏥 Hospital administration involves strategic policy development and management.
  • 💻 Health IT combines digital systems with data management for informed decisions.
  • 💰 Revenue cycle management tracks financial performance from patient entry to balance resolution.
  • 🧠 Healthcare business consultants solve industry issues with specialized expertise.
  • 🎓 Education requirements vary, often needing degrees in healthcare or business.
  • 📈 Healthcare administration is a growing field with increasing demand.
  • 💼 Career paths include management and consulting roles.
  • 📊 Salaries range widely based on roles and experience level.
  • 🔍 Each role plays a critical part in the healthcare industry's success.

Timeline

  • 00:00:00 - 00:05:00

    Courtney Cheray introduces herself and her channel, discussing her career in healthcare administration over the past nine years. She details her career path, including her roles in managing a breast center, working in ambulatory surgery, and revenue cycle management. Courtney also highlights her education with dual master's degrees in Business and Health Administration. She encourages viewers to subscribe and introduces the variety of content she offers, including videos focused on healthcare administration which she plans to upload twice a month.

  • 00:05:00 - 00:10:12

    Courtney shares four healthcare administration career options that are often overlooked, starting with hospital administration and management, including practice administration. She explains their responsibilities and the demanding nature of the roles, emphasizing the need for ongoing learning due to regulatory changes. She mentions the typical educational requirements and potential salary ranges. The second option discussed is health information technology and management, where she explains electronic medical records and the integration of technology and management roles, noting the educational requirements, job types, and salary expectations.

Mind Map

Video Q&A

  • What healthcare administration roles did Courtney Cheray hold in the past?

    Courtney started as a manager at a breast center, became a business manager at a surgery center, worked in revenue cycle management, and is currently a lead key account manager at a health insurance company.

  • What career options are discussed in the video?

    Hospital administration, health information technology and management, revenue cycle management, and healthcare business consulting.

  • What is the minimum education requirement for a hospital administration career?

    A bachelor's degree in business, healthcare administration, or accounting, with possible need for a master's for higher positions.

  • What do hospital administrators do?

    They develop and implement programs and policies, manage teams and budgets, and engage in strategic planning.

  • What is the salary range for health information management positions?

    Salaries start at $65,000 and can go up to $130,000 or more, depending on the position and experience.

  • What is revenue cycle management?

    It's a process used by healthcare systems to track revenue from initial patient contact to the final payment of balance.

  • What qualifications are needed for healthcare business consulting?

    Typically, a bachelor's degree in business or a related field is required.

  • What kind of job titles exist within revenue cycle management?

    Job titles include director of revenue cycle management, revenue cycle manager, and coding manager.

  • How can consultants specialize within healthcare administration?

    They can specialize in areas like revenue cycle management, health IT, legal compliance, HR, and operations.

  • What motivates Courtney Cheray to make videos about healthcare administration?

    She aims to bring awareness to the field and showcase the essential roles its professionals play in making healthcare businesses work.

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Subtitles
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  • 00:00:00
    hey y'all i'm courtney cheray welcome to
  • 00:00:02
    my channel
  • 00:00:03
    today i'm going to share with you four
  • 00:00:05
    healthcare administration career options
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    that not many people really talk about
  • 00:00:16
    i've been working in healthcare
  • 00:00:17
    administration for the last nine years
  • 00:00:19
    i started my career out managing a
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    comprehensive breast center
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    that specialized in the surgical removal
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    of malignant and benign breast diseases
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    from there i went on to be a business
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    manager at an ambulatory surgery center
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    and then i went on to do revenue cycle
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    management
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    for a healthcare technology company
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    where i specialize in revenue cycle
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    management for
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    large pathology groups i currently work
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    for one of the big
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    five health insurance companies as a
  • 00:00:46
    lead key account manager
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    my job title is not a good indicator of
  • 00:00:50
    what i actually do on a day-to-day basis
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    but we'll talk about that in a later
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    video i also have a dual master's degree
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    one in business administration and one
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    in health administration
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    now that i've introduced myself to you
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    go ahead and introduce yourself to me by
  • 00:01:04
    hitting that subscribe button
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    liking this video and leaving me a note
  • 00:01:07
    in the comments
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    also don't forget to hit the post
  • 00:01:10
    notification so that you can be notified
  • 00:01:12
    every time i upload a new video
  • 00:01:14
    my channel is about career lifestyle and
  • 00:01:17
    beauty
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    so if you're not really interested in
  • 00:01:19
    the lifestyle and beauty things that i
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    will be talking about
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    just know that i will upload two videos
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    each month in regards to
  • 00:01:26
    healthcare administration okay to all of
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    my returning subscribers
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    hey how you doing i'm doing good thanks
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    for asking
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    when discussing healthcare we always
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    hear about the clinical side of things
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    we always care about doctors and nurses
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    but we
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    never hear about everything that happens
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    behind the scenes
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    like who's running these healthcare
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    businesses considering the healthcare
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    administration field is a rapidly
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    growing field
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    and is projected to grow by 30 within
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    the next 10 years
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    people rarely talk about it and when
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    they do they really only talk about
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    medical billing and coding i'm here
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    to share four healthcare administration
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    career options that not many people talk
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    about
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    the first career option is hospital
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    administration and management
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    this career option is actually kind of
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    popular
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    but i don't think it gets the shine that
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    it deserves i'm also going to bucket
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    practice administration and practice
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    management under this career option
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    because they pretty much all do the same
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    thing it's just that practice managers
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    are working in smaller medical practices
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    while hospital administrators are
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    working in hospitals but they are all
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    doing the same job function
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    hospital administrators are responsible
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    for the development
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    and implementation of programs and
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    policies that are related to the
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    day-to-day business operations of their
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    facilities
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    they are also responsible for managing
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    teams department budgets as well
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    as strategic planning these roles are
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    very demanding and require a lot
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    i remember when i was a practice manager
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    i would work anywhere from 50 to 70
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    hours per week and i
  • 00:03:00
    still felt like my job was never done
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    there was always something to do
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    ongoing learning is imperative to keep
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    up with as you know
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    healthcare is mandated by the government
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    and they always be changing stuff
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    for our own good though but staying
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    abreast of all the regulatory changes
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    is a must the minimum education
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    requirements for these types of roles
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    are typically a bachelor's in business
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    health care administration or accounting
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    and for c level positions you may be
  • 00:03:27
    required to get a master's in business
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    administration or a master's in health
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    administration
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    and side note some ceos of hospitals are
  • 00:03:36
    required to be mds as well
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    so just a side note something to think
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    about a few job title examples would be
  • 00:03:42
    a nursing home administrator
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    a ceo cfo you can also find jobs in
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    hospital administration under quality
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    assurance legal
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    communication and public health there
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    are a plethora of options
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    salaries vary for this career option
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    practice administrators working for
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    small to medium-sized practices can
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    expect a base salary of fifty thousand
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    to seventy thousand dollars
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    on the other hand hospital
  • 00:04:08
    administrators can expect a salary of
  • 00:04:10
    a hundred and twenty thousand dollars up
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    to three hundred thousand dollars
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    the next career option is health
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    information technology
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    and health information management yes i
  • 00:04:20
    bucketed these two together
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    really i could have separated them but i
  • 00:04:24
    put them together
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    health information technology is the
  • 00:04:27
    digital systems that collect
  • 00:04:29
    and organize health information health
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    information management incorporates the
  • 00:04:34
    data that goes into those systems but
  • 00:04:36
    also analyzes and protects the data
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    being able to utilize these digital
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    systems to compile healthcare data
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    is extremely important because
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    healthcare data is utilized to make
  • 00:04:47
    clinical and healthcare business
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    decisions before i jump into the
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    education requirements and the different
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    types of jobs that you can get in the
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    healthcare information
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    management or healthcare information
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    technology field
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    i want to talk quickly about electronic
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    medical records software
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    electronic medical records software is
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    the perfect example of how health
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    information management
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    and health information technology
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    collides so you may be asking what is
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    electronic medical record software
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    electronic medical records software or
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    emr
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    is a software where a collection of a
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    person's medical records are stored
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    the demographic information like their
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    name date of birth address
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    and insurance information are housed in
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    this software
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    and their encounter notes from their
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    visit with their doctor like their
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    diagnosis codes their cpt codes or
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    current procedural technology codes
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    as well as all of their notes from their
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    visit are stored
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    in this system as well i think emrs is
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    the perfect example of showing how
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    health information management and health
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    information technology collides because
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    those professionals who work in
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    healthcare information technology
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    are typically the ones who are building
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    and programming these emr systems
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    and the health information management
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    professionals are the ones who are
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    pulling the data
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    out of these emr systems to do data
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    analysis
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    the minimum education for this career
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    option is typically a bachelor's in
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    health informatics or computer science
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    and for some health information
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    management roles you may be required to
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    get your ria certificate
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    and ria stands for registered health
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    information administrator the types of
  • 00:06:21
    jobs that you could find in healthcare
  • 00:06:23
    it
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    are jobs like emr integrations manager
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    implementation manager
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    product manager hospital network and
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    systems engineer
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    and two examples of types of jobs that
  • 00:06:34
    you can find as a health information
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    manager would be
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    a hymn director or a health information
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    data analyst
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    the starting base salaries for both
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    health information management and health
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    it
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    are very similar you can expect a
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    starting base salary of about sixty five
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    thousand dollars
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    and it can go up to a hundred and thirty
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    thousand dollars plus
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    based on the position and experience the
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    third career option is
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    revenue cycle management revenue cycle
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    management is the process used by health
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    care systems in the united states
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    and all over the world to track their
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    revenue from patients
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    from their initial appointment or
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    encounter with the health care system
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    to their final payment of balance so
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    basically
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    the revenue cycle management process
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    starts whenever the patient
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    makes their appointment to see their
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    doctor and it ends when the patient
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    or the patient's insurance makes the
  • 00:07:23
    final payment on the balance and the
  • 00:07:25
    patient's balance is
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    zero medical billing and coding is one
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    of the most popular
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    career fields under revenue cycle
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    management revenue cycle management is
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    actually a great way to get your foot in
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    the door in the health care
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    administration
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    field a lot of the jobs do not require
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    any type of degree
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    however if you're interested in becoming
  • 00:07:45
    a certified professional coder
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    then of course you will have to get your
  • 00:07:48
    certification and
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    if you are interested in management or
  • 00:07:52
    director level positions
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    then you will need at least a bachelor's
  • 00:07:55
    degree in management or
  • 00:07:57
    healthcare administration the different
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    types of jobs that you can find in
  • 00:08:01
    revenue cycle management are
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    a director of revenue cycle management a
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    revenue cycle
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    manager or a coding manager and the
  • 00:08:10
    starting salary for these positions are
  • 00:08:12
    somewhere around
  • 00:08:13
    fifty thousand dollars and they can go
  • 00:08:14
    up to a hundred and thirty thousand
  • 00:08:16
    dollars plus
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    and the final career option that i have
  • 00:08:19
    for you is healthcare business
  • 00:08:20
    consulting
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    consultants are professional problem
  • 00:08:23
    solvers they need to have enough
  • 00:08:25
    knowledge to identify opportunities for
  • 00:08:27
    improvement
  • 00:08:28
    then create solid solutions to help
  • 00:08:30
    their clients achieve their desired
  • 00:08:32
    outcomes you can become a healthcare
  • 00:08:33
    business consultant in any of the career
  • 00:08:35
    options that i share with you
  • 00:08:37
    plus more the opportunities are endless
  • 00:08:39
    you can be a consultant that specializes
  • 00:08:41
    in revenue cycle management
  • 00:08:43
    you can be a health information
  • 00:08:44
    technology consultant you can do
  • 00:08:46
    consulting work in the legal and
  • 00:08:47
    compliance space in healthcare
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    you can be a consultant that specializes
  • 00:08:51
    in healthcare hr and operations
  • 00:08:54
    and again the list goes on and on the
  • 00:08:57
    minimum education requirement to become
  • 00:08:59
    a healthcare business consultant is
  • 00:09:00
    typically a bachelor's degree in
  • 00:09:02
    business
  • 00:09:03
    or in the related field base salaries
  • 00:09:05
    for healthcare business consultants
  • 00:09:06
    typically start off around eighty
  • 00:09:08
    thousand dollars
  • 00:09:09
    a career in healthcare administration
  • 00:09:10
    comes with a lot of responsibility
  • 00:09:12
    and a lot of stress however it is
  • 00:09:15
    extremely rewarding
  • 00:09:17
    my goal is to bring awareness to the
  • 00:09:18
    health care administration field because
  • 00:09:20
    it's lit healthcare administration
  • 00:09:22
    professionals are literally
  • 00:09:24
    out here making the business side of
  • 00:09:26
    healthcare work next month i plan on
  • 00:09:28
    doing a video about entry level
  • 00:09:29
    positions in healthcare administration
  • 00:09:31
    so make sure that you are subscribed
  • 00:09:34
    also make sure to like this video
  • 00:09:36
    leave me a comment below because i talk
  • 00:09:38
    back i respond to every single comment
  • 00:09:40
    and i really enjoy chatting with y'all
  • 00:09:43
    also make sure to share this video with
  • 00:09:45
    someone who you know
  • 00:09:46
    is interested in the healthcare
  • 00:09:47
    administration field
  • 00:09:49
    if you haven't done so already come and
  • 00:09:51
    find me on instagram i'm at courtney
  • 00:09:53
    charade
  • 00:09:54
    thank you so much for spending this time
  • 00:09:56
    with me i
  • 00:09:57
    appreciate y'all so much and i hope that
  • 00:09:59
    you found this information useful
  • 00:10:01
    and i'll see y'all in the next video
  • 00:10:10
    peace
Tags
  • Healthcare Administration
  • Career Options
  • Hospital Management
  • Health IT
  • Revenue Cycle Management
  • Business Consulting
  • Health Information
  • Career Growth
  • Education Requirements
  • Salary Expectations