Healthcare Analyst Careers

Overview and Job Duties

Analysts examine and research a particular area and one such proficient field for analysts is health and medical where a career as healthcare analyst could be extremely rewarding. By compiling, validating, and analyzing medical data, these specialists work to understand the current trends in healthcare to make well-informed decisions. To join the mainstream field of jobs, certain requirements of education and experience should be met with the help of thorough research.

Health care analysts are experts in using computer-based applications for compiling relevant medical data. This helps them to draw conclusions and make decisions based on their research in order to be aware of current trends in healthcare industry. These analysts could be given the opportunity to develop ideas for providing effective healthcare and also coping with upcoming service issues.

Furthermore, the duties of preparing status reports monthly, comparing prepared budgets to their prior analysis, and helping handle healthcare in company projects are also included in their work to-do list. They report to the upper management and some of them even provide enhanced and improved services to domestic or outpatients. To be an efficient analyst, one must have the ability to handle numerous projects, as well as meet the expectations and time restrictions the job provides.

Job Outlook

In healthcare industries, these practitioners have a great demand and the growth opportunities are often limitless. By working in hospitals, clinics, and other healthcare agencies; these practitioners collect, model, validate, and examine data required by the companies. According to the Bureau of Labor Statistics, there were up to 180,280 jobs available for medical records and health information technicians in May 2011.  General medical and surgical hospitals hired the highest number of healthcare analysts at a figure of 67,340 followed by offices of physicians employing around 40,970 people.

Salary

The estimated salary of a healthcare analyst changes every year. In 2012, the average annual salary was $54,010 (salary.com).

Education Requirements

To become a healthcare analyst, a bachelor-level degree in the healthcare field from a recognized educational institute is necessary. A bachelor’s degree focuses on finance, mathematics, computer science, and business. If one goes a step further by earning a master’s degree in this field, a high preference might be given to that person, which apparently, is not an essential requirement by healthcare firms or hospitals. Graduates should have knowledge about computer-based applications for data management. Moreover, data analysis tools like SAS and SQL should be known because they might turn out to be beneficial for an aspiring career.

Once you are through the educational phase, prepare yourself for another journey. An experience of around four to five years is usually expected, with skills gained including how to handle information, management responsibilities, and work with different databases.

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