Healthcare Administration Salary Tools Key Terms

Learn the basics when it comes to making the right healthcare administration salary choices

By Jennifer Ehlenfeldt, Freelance Writer
Because a healthcare administrator's responsibilities can vary widely, so can the salary that goes along with the position. Using salary tools to determine a payscale can help alleviate some of the concern with making the correct administration salary decisions.

Healthcare administrators can operate in either general or specialized management positions which makes choosing the right salaries even more difficult. Review the basic key terms associated with the administration salary tools to help with the overall salary process.

 

Salary range

Salary range is the simple pay scale from the highest possible pay to the lowest. The range is used as a guide to determine what an individual's salary should be.
Try: The salary range is defined in the Berkeley glossary of human resource terms.

Clinical experience

Clinical experience is the hands on training or work done as part of an educational program or after college in the medical setting. An administrator with ample clinical experience can often times relate to the positions they are managing in a much different way than one who has not had any hands-on experience.
Try: The term clinical experience is defined at SIAST.

Median salary

A median salary is the amount calculated as the middle dollar amount between the highest and lowest pay a majority of the same classification of employee's receives. The median salary is often times an amount determined as a basis for college graduates entering the workforce.
Try: Grads Online defines the median salary in its glossary of terms.

Generalists and specialists

The two main types of health administrators fall into generalists or specialists categories. The generalist administrator is one who oversees the entire operation and medical facility, while the specialist administrator is in charge of a specific aspect of the operation like the accounting, human resources department or other health care facility department.
Try: The Health Careers Center explains the role of a health administrator and defines the generalist and specialist administrator roles.

Evaluation or performance appraisal

The evaluation, or performance, appraisal is a review of an employee's work habits and job performance done periodically to determine possible pay increases or other position changes.
Try: The HR Marketer explains the evaluation process and defines other key salary tool terms.

Equity theory

This is a theory that pay should be based on fair treatment. Basically the payscale is equal across the board which increases an employee's desires to work for equal, fair pay.
Try: HRDirectory.org defines the equity theory in its glossary of terms.


Find Pre-Screened Vendors

Compare quotes and save:





plank