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Medical And Health Service Manager Salary

  • Overview of Medical and Health Service Manager Salaries
  • Factors Affecting Medical and Health Service Manager Salaries
  • Salary Ranges for Medical and Health Service Managers by Location
  • Entry Level Medical and Health Service Manager Salaries
  • Mid-Level Medical and Health Service Manager Salaries
  • Senior Level Medical and Health Service Manager Salaries
  • Medical and Health Service Manager Salaries in Different Healthcare Sectors
  • Comparing Medical and Health Service Manager Salaries to Other Healthcare Jobs
  • Trends in Medical and Health Service Manager Salaries
  • How to Negotiate a Medical and Health Service Manager Salary

Overview of Medical and Health Service Manager Salaries

Medical and health service managers are responsible for managing healthcare facilities, departments, or practices. They ensure that healthcare organizations run effectively by overseeing day-to-day operations, managing finances, implementing policies, and supervising staff. According to the Bureau of Labor Statistics, the median annual salary for medical and health service managers was $100,980 as of May 2020. Entry-level salaries start at around $58,350, while experienced managers can earn upwards of $189,000 per year.

Factors Affecting Medical and Health Service Manager Salaries

Several factors affect medical and health service manager salaries, including education, experience, location, and industry. Individuals with advanced degrees, such as a Master of Business Administration (MBA) or Master of Health Administration (MHA), may earn higher salaries than those with only a bachelor's degree. Additionally, managers with several years of experience in the field may earn more than entry-level managers.Location also plays a significant role in determining medical and health service manager salaries. Salaries tend to be higher in large metropolitan areas with a higher cost of living. Industry also affects salaries, with managers in certain healthcare sectors, such as pharmaceuticals and insurance, earning higher salaries than those in others, such as nursing homes and clinics.

Salary Ranges for Medical and Health Service Managers by Location

The salary range for medical and health service managers varies by location. According to the Bureau of Labor Statistics, the top-paying states for medical and health service managers as of May 2020 were:
  1. New York: $146,940
  2. Washington, D.C.: $142,220
  3. California: $135,900
  4. Connecticut: $133,730
  5. Delaware: $132,400
The lowest-paying states were:
  1. Arkansas: $70,420
  2. West Virginia: $78,630
  3. South Dakota: $79,540
  4. Idaho: $81,230
  5. Kansas: $83,280

Entry Level Medical and Health Service Manager Salaries

Entry-level medical and health service managers typically have less than five years of experience in the field. According to Payscale, the average entry-level salary for medical and health service managers is $62,000 per year. However, this can vary depending on the location and industry. For example, entry-level managers in New York City may earn upwards of $75,000 per year, while those in rural areas may earn closer to $50,000.

Mid-Level Medical and Health Service Manager Salaries

Mid-level medical and health service managers typically have five to ten years of experience in the field. According to Payscale, the average mid-level salary for medical and health service managers is $82,000 per year. Managers with more experience or in higher-paying industries may earn more than this.

Senior Level Medical and Health Service Manager Salaries

Senior level medical and health service managers typically have over ten years of experience in the field. According to Payscale, the average senior level salary for medical and health service managers is $104,000 per year. However, experienced managers in high-paying industries may earn upwards of $150,000 per year.

Medical and Health Service Manager Salaries in Different Healthcare Sectors

Medical and health service manager salaries vary by industry. According to the Bureau of Labor Statistics, the top-paying industries for medical and health service managers as of May 2020 were:
  1. Pharmaceutical and medicine manufacturing: $200,810
  2. Insurance carriers: $176,540
  3. Management, scientific, and technical consulting services: $145,160
  4. Outpatient care centers: $122,970
  5. Specialty hospitals (excluding psychiatric and substance abuse): $121,860
The lowest-paying industries were:
  1. Offices of other health practitioners: $81,280
  2. Nursing care facilities (skilled nursing facilities): $88,380
  3. Home healthcare services: $91,960
  4. General medical and surgical hospitals (excluding psychiatric and substance abuse): $101,620
  5. Physician offices: $104,050

Comparing Medical and Health Service Manager Salaries to Other Healthcare Jobs

Medical and health service managers generally earn higher salaries than other healthcare professionals. According to the Bureau of Labor Statistics, the median annual salary for healthcare practitioners and technical occupations was $68,190 as of May 2020. This includes professions such as registered nurses, physician assistants, and radiologic technologists. However, some healthcare professions, such as physicians and dentists, earn significantly higher salaries than medical and health service managers.

Trends in Medical and Health Service Manager Salaries

The demand for medical and health service managers is expected to increase in the coming years due to an aging population and changes in healthcare regulations. This is likely to result in higher salaries for managers, particularly those with experience in high-demand industries such as pharmaceuticals and insurance.

How to Negotiate a Medical and Health Service Manager Salary

When negotiating a medical and health service manager salary, it's important to research industry standards and salary ranges for similar positions in your area. Consider your education, experience, and skills when determining your desired salary range. Be prepared to discuss your qualifications and accomplishments with potential employers, and be willing to negotiate on non-salary benefits such as healthcare benefits, vacation time, and retirement plans. It's also important to be flexible and open to compromise during the negotiation process.

Medical and Health Service Manager Salary FAQs

What is the average salary for a medical and health service manager?

According to the Bureau of Labor Statistics, the median annual wage for medical and health services managers was $100,980 in May 2020.

What factors affect the salary of medical and health service managers?

The salary of medical and health service managers can be influenced by factors such as location, experience, education, size and type of employer, and specific job responsibilities.

Do medical and health service managers receive bonuses or other benefits?

Many medical and health service managers receive bonuses or other benefits such as health insurance, retirement plans, and paid time off. These additional benefits can vary depending on the employer and the individual's job position.

Is there a high demand for medical and health service managers?

Yes, the demand for medical and health service managers is expected to grow faster than the average for all occupations. This is due to an aging population, increasing healthcare needs, and changes in healthcare regulations.