Most health insurance companies are major employers of medical specialists; in addition, they are major stakeholders in the health care system, as they provide primary care services, perform billing and coding, oversee care, monitor reimbursement, and provide advice and recommendations to ensure a well-rounded health system. Furthermore, managed care plans that implement health insurance policies are often major employers for health administration professionals who handle managed care activities; in fact, most managed health care plans are led by health administration professionals and are guided by well-defined and well-managed health care plans.
The key to achieving success with the management and administration degree lies in gaining a solid foundation in management and leadership skills as well as the knowledge of health care. The more knowledge you have about how the health care system works and how your business contributes to it, the easier and more productive on the job will be.
Health care involves many facets and areas of expertise, which require the skills of many different career areas. To gain an advantage in health care administration, one must develop a comprehensive understanding of these many fields. In addition, it is important to build an extensive network of contacts and acquire specific business skills.
If you intend to pursue a career in management or administration position, your education and training should take into account the skills that will be necessary for successful management. A comprehensive education and training program will include business courses in finance, accounting, human resources, marketing, business law, project management, risk management, and business ethics as well as a complete education in leadership and management skills, management theories, and the history of management in general.
To prepare for a job in a health administration position, you will need a Bachelor's degree. For a health management position, you will require a Master's degree or higher in order to obtain the managerial position that you are seeking. For the best career opportunities in health care, you should also consider obtaining a specialty in a specific area such as geriatrics, cardiology, pediatrics, neurology, radiology, or even surgery.
There are a number of schools and colleges which offer specialized programs in health care administration. By researching the schools and colleges in your area that offer a variety of degrees, you can learn more about the types of programs available and which ones suit your needs and abilities.