The Mississippi Department of Employment Security (MDES) named healthcare administration as the number one profession on its list of high-demand jobs that require extensive preparation.
It is also well known that the field of healthcare administration pays high salaries. In fact, the average salary for a healthcare administrator in Mississippi was $82,120 as of 2015. Experienced healthcare administrators in the state earned an average of $97,980, while the average starting salary offered to those new to the profession was $50,410 that year.
Factors Driving Job Growth for Healthcare Administrators in Mississippi
The Mississippi Department of Employment Security (MDES) expects the number of jobs for healthcare administrators to increase by 14.4% between 2010 and 2020. This level of growth should generate an average of 100 annual openings a year for healthcare administrators in Mississippi. Job growth in Hattiesburg is expected to be even higher at 21.1% during this ten-year projection period.
The MDES provides an analysis of the projected increase in the number of jobs within specific industries that are known to be major employers of healthcare administrators. Hospitals employ the largest number of healthcare administrators according to the US Bureau of Labor Statistics. The MDES expects the number of hospital employees in Mississippi to increase by 16.7% between 2008 and 2018, suggesting a growing demand for the administrators capable of managing these facilities.
Other major employers of healthcare administrators in Mississippi are expected to experience even higher levels of job growth. The number of professionals in the ambulatory and health care services sector is expected to increase by 21.3% during this ten-year period, while residential care facilities are expected to see an increase of 14.2%.
Political and business leaders in Mississippi realized the potential of the healthcare industry to contribute to long-term economic growth in the state. The 2012 report Health Care as an Economic Driver by Blueprint Mississippi systematically examined strategies to increase employment in the healthcare sector. This was a unique and pioneering effort to take advantage of the potential of the healthcare industry in Mississippi to be a long-term economic driver.
The report found that hospitals alone in Mississippi employed 60,143 full-time employees. This level of employment represented 5.7% of the total employees in Mississippi. The total economic impact of the payroll for these employees was $5.8 billion in 2012 alone.
How Location Affects the Salaries of Mississippi’s Healthcare Administrators
The Mississippi Department of Employment Services provides salary data for healthcare administrators in the major metropolitan areas of the state as of 2015. These salaries varied dramatically depending on location. For instance, the average salary for a healthcare administrator differed by more than $25,000 throughout Mississippi:
Shown below for comparison is a detailed analysis of salaries for healthcare administrators in the major cities and rural areas of Mississippi as of 2014 (US Bureau of Labor Statistics):