A 2015 report issued by the Florida Department of Economic Opportunity found the median salary among Florida’s healthcare administrators to be $97,594. The report also revealed the fantastic opportunities for salary advancement, with the average salary among experienced healthcare administrators being nearly two-times higher than for those new to the field. That year, experienced healthcare administrators in Florida earned an average of $131,498, while newly licensed practitioners earned $69,805 on average.
In the coming years, the number of healthcare administration jobs in Florida is expected to increase significantly. The state’s Department of Economic Opportunity predicts that the number of healthcare administrators in Florida will grow by 17.7% between 2014 and 2022. This level of growth is expected to generate an average of 501 new jobs on average each year during this projection period.
Job growth for healthcare administrators is projected to be even higher in a number of counties in Florida:
- Manatee County: 8%
- Lee County: 1%
- Seminole County: 6%
- Sarasota County: 4%
- Orange County: 8%
Factors Driving Job Growth in Healthcare Administration
One of the reasons for the expected increase in the number of jobs for healthcare administrators in Florida is the fact that hospitals in the state are expanding considerably. This trend is so pronounced that Florida Trends published an article in 2013 revealing that expansions in the Jacksonville area alone include:
- A new $16.7 million primary care center opened by the Mayo Clinic
- Clay County’s first new hospital in 40 years—a $110 million medical center opened by St. Vincent’s Healthcare
- The Baptist/Wolfson Children’s Emergency Center—a hospital ER for children and adults opened by Baptist Health
According to the US Bureau of Labor Statistics, hospitals are the primary employers of healthcare administrators and tend to pay higher salaries than other healthcare centers such as medical offices.
Another trend that is fueling an increase in healthcare administrators is Florida’s destination for travelers seeking higher-quality or less expensive care. Medical tourism is so important for Florida that the state spent $5 million in 2015 alone to entice people to travel to the state for their healthcare. Enterprise Florida and Visit Florida are working in tandem to promote Florida’s healthcare options.
How Salaries Differ According to Experience and Location
Salaries for healthcare administrators varied considerably throughout Florida’s major metropolitan areas according to the Florida Department of Economic Opportunity. The median salary was the highest among healthcare administrators in Gainesville:
Shown for comparative purposes, the US Bureau of Labor Statistics (BLS) provides a detailed analysis of salaries for healthcare administrators in these cities along with nonmetropolitan areas in the state as of 2014. Healthcare administrators in the 90th percentile are typically highly experienced, and those in the 90th percentile in the Cape Coral, Deltona, Miami, and Orlando areas earned an average salary that was so high that it exceeded the maximum value reported by the BLS:
*Values shown are equal to or greater than $90/hour or $187,199/year. The US Bureau of Labor Statistics does not report salary figures higher than these values.