Healthcare management is one of the fastest-growing industries. As countries continue to enjoy greater life expediencies than ever before, there is a constantly increasing need for experts in operational management, to come in and find ways to deliver more efficient and affordable care to a greater number of patients.
Leaps in digital technology are already affecting healthcare and opening new doors for tech-savvy students with an interest in business and financial operations to come in and find solutions.
If you’re motivated by the prospect of making a vital contribution to society and gaining access to a greater earning potential, good news: the lucrative and often very gratifying field of healthcare management is growing and needs YOU. Read on to discover the top seven rewards of careers in healthcare operational management (HOM)
1. It’s a healthy industry and a booming sector worldwide.
Data gathered from the US Bureau of Labor Statistics (BLS) forecasts careers in medical and health service management to grow by another 23% until 2022. That’s a considerably higher growth rate than most professions. Careers in healthcare could grant you access to more opportunities, a greater earning potential and the chance to move up the food chain faster.
2. You’re likely to be happier with Healthcare Management.
According to an anonymous survey conducted in 2013 by PayScale, 44% of the 25 highest-paid professions who would describe their work as ‘meaningful’ and ‘contributing to society’ were working in the healthcare sector. It seems that if you believe your high-earning job to be beneficial to the community, you’re also more likely to be happy. According to PayScale, in fact, those pursuing careers in healthcare management rate their satisfaction levels the maximum five stars – as well as reporting great benefits such as dental, medical and vision insurance.
3. New digital trends are transforming the health service.
Digital technology is already reshaping medical services and care to make it more universal, affordable and effective. From storing medical records in the cloud to making mental health services readily accessible round the clock, there are many ways digital trends will transform healthcare. What this means for you is more room for growth and an incredibly exciting working environment.
4. HOM enables advancement in many types of organizations.
Studying healthcare management at university would qualify you for a variety of managerial and/or organizational healthcare jobs. You would be leading service transformation, implementation of innovative programs, new services and overseeing policy to improve the delivery of care at hospitals, nursing homes, GPs, and other health organizations.
5. The field is always in need of new HOM experts.
Healthcare providers are always looking for experts in operational management to improve processes, raise quality and reduce costs – essentially to help health professionals deliver better, faster care at affordable prices. There is a constant need for innovation, expertise and change. Qualifications such as the University of Warwick’s new MSc in Healthcare Operational Management cover key topics such as quality health economics, resource management, electronic healthcare records and health informatics – giving you the knowledge required to integrate teams, systems and technologies, cut inefficiencies and optimize delivery.
6. HOM experts can work anywhere in the world.
As the largest employer in most countries, the healthcare sector requires innovative managers across the world. Warwick’s course in Healthcare Operational Management will equip you with the skills and knowledge to assess organizational performance, to drive the implementation of innovation, and to manage the integration of people, systems, and technologies to deliver consistent high quality, person-centric care. This skill set is needed the world over, to help healthcare organizations improve the provision of care and cater for increasing numbers of patients.
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