Experienced healthcare administrators in Indiana earned 2.7 times more than their colleagues who were new to their careers according to a 2014 report released by the state’s Department of Workforce Development. Healthcare administrators with salaries in the 90th percentile tend to be the most experienced, earning an average of $128,440 a year in Indiana as of 2014. In contrast, healthcare administrators in the 10th percentile tend to be entry-level professionals who earned an average of $47,528 that year. The median salary among healthcare administrators in Indiana was $79,061 in 2014.
Expected Job Growth for Indiana’s Healthcare Administration Professionals
In Indiana, the level of job growth for healthcare administrators is projected to be 22.1% during the ten-year period from 2012 to 2022 according to the state’s Department of Workforce Development. This is twice the rate of increase for management professions in Indiana overall during this time frame.
Growth in the healthcare sector is always directly correlated with increased demand for healthcare administrators. The US Bureau of Labor Statistics reports that hospitals are the major employers of healthcare administrators. These institutions tend to pay higher salaries than other major employers such as physicians’ offices. The number of employees in Indiana’s hospitals increased by 10,943 between 2006 and 2011 according to a 2013 economic analysis report issued by the Indiana Department of Workforce Development. More than 150,000 residents of Indiana were employed in hospitals in 2012 according to the Indiana Hospital Association.
Major healthcare expansions that took place in August and September of 2015 included:
- Memorial Children’s Hospital breaking ground on a children’s facility
- Lutheran Health Network investing in a freestanding ER
- Harsh breaking ground for an expanded hospital
- Franciscan Alliance announcing a new building for Franciscan St. Anthony—Michigan City
Salaries for Indiana’s Healthcare Administrators by Location
The US Bureau of Labor Statistics provides a detailed analysis of the salaries for healthcare administrators throughout Indiana as of 2014. The median salary among healthcare administrators in Indianapolis-Carmel was the highest of those presented: