Healthcare administrators in Alaska earning within the 90th percentile (typically experienced) earned 2.6 times more than their colleagues in the 10th percentile (typically entry-level). Experienced healthcare administrators in Alaska earned an average of $167,461 a year, while entry-level healthcare administrators earned $64,355 on average as of 2014. That year, the median salary for healthcare administrators in Alaska was $103,709.
The Alaska Department of Labor and Workforce Development (DOL) considers the field of healthcare administration to be so promising that it designated the profession as having strong growth thanks to a very high number of openings. With a job growth rate of 19.8%, the DOL expects the number of jobs for healthcare administrators in Alaska to grow 1.83 times faster than the state’s overall projected job growth rate between 2012 and 2022.
Factors Driving Job Growth for Healthcare Administrators in Alaska
Fairbanks will see the most new healthcare administration jobs added during the ten-year period between 2012 and 2022. As of 2014, this city was home to the 7th highest number of healthcare administrators in the country according to the US Bureau of Labor Statistics.
A 2014 analysis of economic trends in Alaska conducted by the state’s Department of Labor and Workforce Development predicted that the healthcare industry will drive economic growth in the state through 2022. Hospitals are the highest paying major employers of healthcare administrators in Alaska. This bodes well, as the number of jobs in Alaska’s hospitals is expected to increase by 20.1% through 2022. Positions in ambulatory health care are expected to increase at an even faster rate of 28.5% for this ten-year projection period. Job growth for healthcare administrators always correlates to overall job growth in the healthcare sector.
Twenty-seven hospitals operated in Alaska in 2010, three of which with more than 150 acute care beds, according to the Alaska State Hospital & Nursing Home Association:
- Providence Alaska Medical Center (Anchorage): 340 beds
- Alaska Regional Hospital (Anchorage): 254 beds
- Fairbanks Memorial Hospital (Fairbanks): 152 beds
Hospitals and medical offices in Alaska are found throughout the state, so healthcare administrators in Alaska can find employment outside of the major metropolitan areas.
Salaries for Alaska’s Healthcare Administrators Vary by Experience and Location
The US Bureau of Labor Statistics (BLS) provides a detailed analysis of salaries for Alaska’s healthcare administrators in the major cities and rural areas of the state as of 2014. Experienced healthcare administrators in Anchorage earned salaries so high that they exceeded the maximum values reported by the BLS.
*These values are equal to or greater than $90/hour or $187,199/year. The US Bureau of Labor Statistics does not report salaries higher than these values.