While Maryland right now has the same set of brilliant opportunities that most other US states would provide, especially after the recent set of legislations in the country, the payment module is very unique and no doubt remains a big attraction for many opting to pursue their Masters in Healthcare Administration in the state. It is the payment delivery module in the state.
Healthcare Administration Schools in MD:
The Unique Model
The payment delivery system in Maryland is indeed very unique with hardly any precedence across the country. As per the reports published by the Centers for Medicaid and Medicare Services, Maryland is the only state that operates the sole all payer hospital rate regulation system. This system was designed to bring about a marked improvement in the overall quality of healthcare services available in the state along with taking steps to cut costs in a sustainable manner and facilitating healthcare services to the residents at a significantly reduced cost. This has been achieved only through constant effort and initiative taken by the numerous healthcare administrative professionals across the state. With aspirations to pursue studies in this state, you are also expected to become the torchbearer of the trend that has set apart the quality of healthcare services one has come to expect from in Maryland.
The Big Factors
If that factor alone does not convince you, here are some more reasons that will convince you that if you want to make it big in the field of healthcare administration, Maryland provides the most opportune gateway for you.
Aspirants have a wide range of options to choose from. Maryland has number of healthcare administration programs from simple certificates that add on to your current qualifications to even Master’s and PhD level degrees. If you are just planning to foray into your field, Maryland also has a set of extremely well sought after Bachelor’s program as well in Healthcare administration.
As is the case with most other states, students should however inculcate the ability to grasp level business and management knowledge, understanding of healthcare delivery and the financial end of operation along with the related nitty-gritty of the trade including budgeting, compensation and reimbursement.
The overall job growth statistics and salary data is also very positive. With an average annual salary of $98,000 and above the job of the medical administrator is amongst the most lucrative one in the state. The rate of job growth is projected at the rate of 400 new jobs every year between 2012-2022.