Chosen Field: Health-care Management Go to Monstor.com https://www.monster.com/
ID: 1131646 • Letter: C
Question
Chosen Field: Health-care Management
Go to Monstor.com
https://www.monster.com/
Examine salary expectations in health care. Is the salary for your chosen field listed? If your chosen field is not listed choose a related medical field to examine. Does this seem to be a reasonable starting salary? How does the Midwest compare to other areas of the nation? Examine the salary for other health care workers, such as a physician, laboratory technician, medical records specialist, health care billing specialist, etc. Consider also the cost of benefit packages, such as health insurance, holiday and vacation pay, sick time, etc.
Are salaries too high? What price do you place on specialties? Should one specialty earn more than another? (What about the cost of doing business - for example, liability insurance.)
What are growth projections for administrative/management positions in health care? Your response should include specific metrics retrieved from reliable sources/Web sites (and include a citation for that source).
Explanation / Answer
Yes, the salary for the chosen field is listed. Salary expectations for health-care management varies significantly depending upon various factors such as, location/Country, cost of living, experience, speciality, skills, hospitals and many more. For Example
The Average salary of a health-care manager in Canada is $70,000 at entry level position whereas an experienced health-care manager earns $140,000 on an average per year.
In Illinois, an entry-level health-care manager earns $65,149 on an average whereas an experienced manager earns $126,241 on an average per year.
In India, an entry-level health-care manager earns $8,465 on an average whereas an experienced manager earns $21,000 on an average per year.
In United States, national average salary of a Health-care manager is $61,599. The Midwest is quite developed as compared to the other areas of the nation, also Midwest is a balanced nation and the salary expectations there is accordingly set. As compared to other areas of nation balance is maintained in Midwest.
Salaries of other health-care workers also differs depending upon the various factors. In United States Average salary of a Medical Laboratary Technician is $56,130, Emergency Medical Technician is $34,030, Nurses is $42,040, and likewise salary of other workers differs on the basis of their work.
These salaries are not too high as the work performed under each and every service is different and requires different skills and on the basis of this salaries are decided.
Average salary of specialties is $329,000. But salaries of different specialties are different depending upon their specialisations. For Example; Average salary of a Neurologist is $244,000, Anesthesiologist is $386,000, Psychiatrist is $273,000, Urologist is $373,000 and so on.
One specialty earns more than other sspecialist as type of organ they operates is different and compexities associated with the organs differs. Also cost of doing business differs for a sole properitor, a small business and a large business. For Example in case of liability insurance a sole properitor might pay $500 whereas a small business pay more than $3000 per year. So the salaries of specialties.
The growth scope for management positions in health care is very high. According to United States Bureau of Labor Statistics, Health care sector will gain more jobs. New jobs in health care sector will be equally distributed. Average salary related to health care jobs will rise. Employment is projected to grow hence growth for admistrative position in health care sectoe is seen.
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