Hospital Administrator Salary
Hospital Administrators in the United States pull down an average of $90K per year. Total cash compensation to Hospital Administrators approaches anywhere from $46K on the lower end to $176K on the higher end; in exceptional cases, this can include more than $26K from bonuses and upwards of $30K from profit sharing. Location and career length each impact pay for this group, with the former having the largest influence. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to more than half. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 55 percent. The majority of Hospital Administrators claim high levels of job satisfaction. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
Job Description for Hospital Administrator
A hospital administrator makes sure that the operations of a hospital are running smoothly. The hospital administration will also oversee financial aspects of the hospital. This may involve overseeing a staff of a few hundred to a few thousand people.Read More...
Creating plans as related to the goals of the hospital is also important, in order to further the vision of the hospital and to expand operations as desired. The hospital administrator will provide employee training for any gaps that are noted when observations are carried out. When staff members are not performing up to established standards, the administrator may have to make immediate corrections or schedule a performance review. The administrator may also have to carry out various human resources duties, such as payroll and hiring. The administrator may have a budget that needs to be adhered to, so it is important to make sure that funds are allocated correctly. Cost efficient materials and operations should be utilized, without sacrificing quality. The administrator should make sure that all operations are carried out within the scope of the company’s vision and in compliance with all local and federal laws.
Since this is a management position, many years of experience in the healthcare field may be required. Usually a bachelor’s degree or a master’s degree is necessary. This job involves working with outside parties, and it may be necessary to work directly with customers. Therefore, strong customer service skills are important. Computer proficiency is important, in order to be able to communicate, create reports, and perform various research.
Hospital Administrator Tasks
- Manage daily operations of a hospital and supervise staff.
- Set budget goals and costs for service, and direct fundraising and fees for special cases.
- Liaise with external entities like regulatory bodies, the press, the community, and scientists.
- Direct and coordinate departments to formulate specific goals and to reach organization-wide goals.
Hospital Administrator Job Listings
Search for more jobs:
Pay by Experience Level for Hospital Administrator
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For many Hospital Administrators, more experience generally translates to higher pay. Those in the early stages of their career can expect to make around $72K; however, individuals with five to 10 years of experience bring in $95K on average — a distinctly larger sum. On average, Hospital Administrators make $98K following one to two decades on the job. Professionals with deep experience (more than 20 years) report prosperous salaries in six-figure territory; the median for this crowd is approximately $122K.
Related Job Salaries
Key Stats for Hospital Administrator
Rated 5 out of 5
based on 39 votes.