Medical Administration Career Path
Medical Administration Career Path and Earning Potential
Careers in medical administration are available at all levels of responsibility, and offer plenty of opportunity for advancement. An employee might start out as a medical receptionist, be promoted to assistant medical office manager, and, with further experience, become a full medical office manager in charge of administrative duties for a doctor’s office or medical complex. Medical accountant jobs responsible for patient billing and expenses in a clinic, might advance to the level of accounting director for a hospital, overseeing a staff of accountants and other medical administrative professionals.
According to Payscale.com, medical administration jobs also include a wide range of possible salaries, with promising prospects for increased earnings as the employee gains experience. Medical receptionists frequently start out making between $9.00 and $10.00 per hour, and over time may make up to between $15.00 and $20.00 per hour over the course of a career, depending on location. Medical transcriptionists start out at between $10.00 and $11.00 per hour, and can increase their earnings to between $16.00 and $22.00 per hour as they gain experience.
Medical assistants, who are responsible for general clerical work and materials handling in clinics and doctors’ offices, can start out making $24,000 to $26,000 per year. After eight or nine years of experience, this amount generally increases to around $28,000 or $29,000, and a medical assistant with twenty years of experience can expect to make between $32,000 and $35,000 per year. Medical assistants who advance their careers to become medical office managers can earn $36,000 to $37,000 in their first several years, and the salary for this medical administration job may increase to nearly $50,000 over time.
An individual in a medical administration job with responsibility over a large clinic or hospital, such as a hospital administrator or director, can earn extremely high salaries over the course of their careers. According to PayScale.com, median hospital administrator salaries start out between $60,000 and $64,000 per year, increasing to around $100,000 per year after ten years of experience. Salaries for these medical administration careers may be $105,000 to $110,000 per year after twenty years. Some hospital administrator salaries may be even higher, depending on the location and size of the hospital. (source: payscale.com)