Advancements in technology could affect job availability in most sectors. However, the healthcare sector is a strong exception to this rule. If anything, there are new jobs created in the healthcare management industry with every new equipment, new machinery, or new software that is introduced in the market[i].
There is an increasing scope of Health and Social Care Management in the 2020s since there are many different settings where professionals are required. These can be hospitals, old age homes, foster care facilities, pharmaceutical companies, etc.
Management jobs in health and social care are focused on having expertise in risk management, people skills, and profit enhancement. You can read our article on the various jobs you can do with a Masters in Health and Social Care Management to know more about the different career paths.
The scope also increases due to the different roles health and social care managers can play. From managing the staff and creating new policies to running the finances and marketing; managers put on many hats in this job.
Although some bigger companies have separate professionals for each of these roles, health and social care managers do have a lot of responsibilities.
The scope of work for managers with a healthcare degree such as nursing practitioners or medical doctors is different. They perform more administrative tasks and also consult for financial, administrative, and social aspects of medical issues.
Here is a look at the scope of jobs and the salaries offered in the US and India
In the US, the job outlook for healthcare managers is expected to rise by an astonishing 32% in the next 20 years, according to the bureau of labour statistics[ii]. And the average annual salary is $104,280.
Fun fact: In the US, the scope of healthcare management positions is so high that a study[iii] reveals there are ten administrators for every doctor[iv].
In India, the Health and Social Care Management industry is predicted to keep growing at a rate of 22.87% annually[v] for the next couple of years, according to IIHMR Delhi. The average annual salary of a healthcare manager is ₹ 8,48,643, according to Indeed[vi].
Conclusion
Health and social care services are being privatised heavily across the globe. Hence, the owners and CEOs of these institutions need apt professionals who can efficiently manage the day-to-day tasks.
Although a background in healthcare and allied health sciences doesn’t hurt when applying for management jobs, it is not a necessity.
In fact, research shows that out of the nearly 6500 hospitals in the US, only 235 are run by managers with a clinical background.[vii] But lately, more healthcare practitioners are stepping into managerial roles[viii].
Hence, since the scope is increasing at a steady pace it is an ideal time for you to polish up your industry knowledge and enhance your expertise.
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[i] https://www.entrepreneur.com/article/308157
[ii] https://www.bls.gov/ooh/management/medical-and-health-services-managers.htm
[iii] https://hbr.org/2013/09/the-downside-of-health-care-job-growth
[iv] https://www.healthline.com/health-news/policy-ten-administrators-for-every-one-us-doctor-092813
[v] https://www.iihmrdelhi.edu.in/uploads/articles/pdf/The-booming-sope-of-Healthcare-Professionals.pdf
[vi] https://in.indeed.com/career/healthcare-manager/salaries
[vii] https://www.theguardian.com/society/2011/jul/19/doctors-best-hospital-managers-new-research
[viii] https://www.ncbi.nlm.nih.gov/pmc/articles/PMC1939777/
[ix] https://www.ncbi.nlm.nih.gov/pmc/articles/PMC1939777/