What Are the Different Career Paths in Healthcare Analytics?
Healthcare is one of the most important industries in the world. While people usually think of healthcare careers in terms of providers like doctors and nurses, there is an entire business and management sector of healthcare systems these institutions rely on.
As a healthcare data analyst, you’ll be a part of that crucial sector.
Healthcare data analyst careers are fulfilling, impactful, ever-evolving, and not to mention, well-paying. So what do healthcare data analysts do exactly? Keep reading to learn more about the different job opportunities in the field and what they entail, as well as how you can get started toward a healthcare analytics degree and career.
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What Do Healthcare Data Analysts Do?
While healthcare data analysts’ jobs vary based on employer, position, and overall credentials, the general job description is the same. The role of a healthcare data analyst is centered around mathematical data and statistics, and the job of a healthcare data analyst is to do the following:
Research and collect healthcare information from multiple sources
- Identify similarities and differences within sets of data
- Analyze the data and find ways to lower costs and improve services
- Come up with ways to implement your solutions and share them with others
Most healthcare data analysts work with electronic health records, but are still responsible to conduct site visits while in the collections phase, and present their findings to facilities’ management teams.
How to Become a Healthcare Analyst
Before looking into specific healthcare data analyst careers, you should first figure out if the field is a good fit for you, and what steps you’ll need to take to get there.
Working as a healthcare analyst is a great choice for people who like to stay organized, have a systematic approach to problem-solving, and feel comfortable giving presentations and regularly communicating with others. However, having specialized knowledge and technical skills is also necessary for the job—from healthcare laws to computer programming languages.
At a minimum, data professionals in this job market will need an undergraduate degree, but finding a bachelor’s degree in healthcare data analysis is relatively uncommon. Instead, you’ll have to pursue an associate’s degree or bachelor’s degree in a related field—like medicine, math, science, technology, or business—and complete the necessary remaining credits through a certification program, which takes a minimum of six months to complete.
Many people choose to go to graduate school and pursue a healthcare analytics degree instead, such as a Master of Science in Healthcare Analytics (MSHCA). Since this degree can be completed in just one year, sets you up for a better healthcare data analyst salary, and is preferred by hiring committees, an MSHCA degree is a popular choice for future data analysts.
Healthcare Analyst Careers
While some healthcare data professionals work remotely, the vast majority of people spend their days working in a hospital setting. Here’s a list of typical work environments for healthcare data analysts and technicians, in descending order based on popularity, as reported by the Bureau of Labor Statistics:
- Hospitals (state, local, and private)
- Offices of physicians
- Professional, scientific, and technical service industries
- Administrative and support service industries
- Nursing care facilities
The groups “professional, scientific, and technical services,” as well as “administrative and support services,” are vague due to their large scope—they account for work environments that aren’t healthcare facilities. Some examples include government agencies, non-governmental organizations, and insurance companies.
Are There More Job Options with a Master’s Degree?
Like most fields, having a master’s degree, in this case, a healthcare analytics degree, opens up more job opportunities. Besides working as a healthcare data analyst, some of the other options include:
- Clinical manager
- Health information technology vendor
- Healthcare economist
- Data scientist
- Data architect
Some master’s degree programs also prepare you for advanced certifications that give you distinction in the field and validate your mastery of the subject. One popular option is becoming a Certified Health Data Analyst (CHDA), which can help you qualify for higher-level healthcare information jobs.
What is the Job Market Like?
Data analyst careers of all kinds are experiencing a surge of job growth due to our increasingly digital society—healthcare analysts included. The switch to digitizing health records over the course of the last decade has amounted to a huge body of data from healthcare facilities. As the data continues to grow, so will the job market.
How Much Do Healthcare Analysts Make?
The salary of healthcare data analysts ranges from $47,000 to $82,000, with an average of $63,150, according to Payscale.
Average salaries also increase as you spend more time working in the field—while the entry-level salary is $59,000, after five to ten years of experience, you’ll be making over $70,000.
Being a CHDA will also increase your pay, even as an entry-level healthcare data analyst. The average salary for a CHDA is $72,208, according to another report by Payscale.
Starting Your Healthcare Analyst Career
Whether you’re looking to work in a hospital, with the government, or at a business like an insurance company, the first step to all healthcare data analyst careers is education. If you’re ready to start your career path and gain experience in the data analytic world, Alliant is an excellent place to start.
At Alliant International University, you can get a Master’s in Healthcare Analytics degree in just one year and be ready to enter the fast-growing healthcare industry. Alliant’s experienced faculty members and hands-on approach to learning will not only prepare you for data analytic internships, capstone projects, and the CHDA exam, but also your future career as a data analyst.
- Bureau of Labor Statistics. Work Environment. https://www.bls.gov/ooh/healthcare/medical-records-and-health-informati…
- Learn. Certified Health Data Analyst Certification and Career Facts. https://learn.org/articles/Certified_Health_Data_Analyst_Certification_…
- Payscale. Average Health Data Analyst Salary. https://www.payscale.com/research/US/Job=Health_Data_Analyst/Salary
- Payscale. Salary for Certification: Certified Health Data Analyst (CHDA). https://www.payscale.com/research/US/Certification=Certified_Health_Dat…