Florida healthcare administrators made right around the national median according to 2018 US Bureau of Labor Statistics data, with an annual salary of $95,740. Unlike so much of the rest of the country which is scrambling to accommodate a growing aging population. Florida is a place that has had generations to work on building up a healthcare network that is capable of accommodating a large population of people dealing with the issues associated with aging. People over 60 make up nearly 23 percent of the 20 million state residents according to the state’s Office of Economic and Demographic Research, and those numbers are expected to balloon to 23.5 million, and represent 28 percent of the population as soon as 2020.
That’s giving Florida a position on the cusp of a national trend in medicine that has healthcare facilities working with a growing population of elderly people who are getting increasingly older. While it fuels a large healthcare sector throughout the state it also creates unique challenges for healthcare administrators. According to a 2018 article in the Miami Herald, service costs were rising and the average hospital margin dropped below three percent.
Although medical administrator and manager salaries are part of those operating costs, smart medical centers aren’t skimping on top talent. Many regions in Florida offer salaries well above the national averages for the role at every level.
Factors Driving Job Growth in Healthcare Administration
Healthcare jobs make up 12 percent of all employment in Florida as of 2018 according to the Kaiser Family Foundation, and that number is only growing. In Central Florida, Florida Hospital, Orlando Health, and the North Florida Division of HCA are all expanding aggressively in the west Orange, Osceola, and south Lake county areas, a pattern that is consistent across the state. In fact, the Miami-Fort Lauderdale-West Palm Beach region is in the top ten areas in the country for employment levels for the profession according to BLS.
The state’s Department of Economic Opportunity estimates a 25.6 percent increase in jobs for healthcare administrators in the state between 2016 and 2026, slightly above the national average. In a state this size, that amounts to 1,440 positions opening up annually during that period, a combination of new job creation and attrition in existing roles.
How Salaries Differ According to Experience and Location
There can be a considerable difference in salaries, as snapshots from the four largest metropolitan areas in the state illustrate:
Miami-Fort Lauderdale-West Palm Beach
- 25th percentile: $82,650
- Median: $103,790
- 75th percentile: $140,890
- 90th percentile: $-
- 25th percentile: $71,400
- Median: $98,970
- 75th percentile: $126,570
- 90th percentile: $182,850
- 25th percentile: $67,090
- Median: $91,280
- 75th percentile: $121,130
- 90th percentile: $172,960
- 25th percentile: $66,200
- Median: $102,200
- 75th percentile: $127,160
- 90th percentile: $157,590
Florida is a big state in terms of both geography and population, so there are many unique regions in which medical administrators are in great demand. The full breakdown on employment levels and salaries can be found below.
TABLE (Coming Soon)
Salary and employment data compiled by the United States Department of Labor’s Bureau of Labor Statistics in May of 2018. Figures represent accumulated data for all areas of employment for medical and health services managers https://www.bls.gov/oes/current/oes_fl.htm#11-9111. BLS salary data represents state and MSA (Metropolitan Statistical Area) average and median earnings for the occupations listed and includes workers at all levels of education and experience. This data does not represent starting salaries. Employment conditions in your area may vary.
Job growth projections sourced from the Florida Department of Economic Opportunity and published in the U.S. Department of Labor-funded Long Term Occupational Projections (2016-2026) database – https://projectionscentral.com/Projections/LongTerm.
All salary and job growth data accessed in June 2019.