What is the average salary for a nursing home administrator?
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Nursing Home Administrator in the United States. The base salary for Nursing Home Administrator ranges from $108,336 to $135,570 with the average base salary of $121,825.
What are the duties of a nursing home administrator?
The financial responsibilities of NHAs may include, but are not limited to:
- Bookkeeping for facility inventory cash flow
- Managing billing for residents and families
- Analyzing and planning budget proposals
- Communicating financial updates with other management professionals and board members
- Overseeing payroll protocols
How much money does a health care administrator earn hourly?
Healthcare Administration Salary Overview. The Bureau of Labor Statistics (BLS) states that the typical healthcare administration salary falls between (lowest 10%) $59,980 and $195,630 (highest 10%) —the annual median wage was $104,280 as of May 2020. Healthcare administration hourly pay is roughly $50.13 per hour, according to the BLS.
What is the job description of a nursing home administrator?
What is a Nursing Home Administrator?
- The Steps to Become an Administrator. ...
- Administrator's Responsibilities
- Operations Responsibilities: The administrator also makes recommendations directly to the Board for policy changes, salary increases, staffing increases, annual budget amendments, resident rate increases, outside contractual services, major capital improvements, ...
Most common benefits
The average salary for a nursing home administrator is $103,166 per year in the United States and $5,750 overtime per year. 2.7k salaries reported, updated at February 21, 2022.
How much should you be earning?
Get an estimated calculation of how much you should be earning and insight into your career options. See more details
Common questions about salaries for a Nursing Home Administrator
If you’re unsure about what salary is appropriate for a position, visit Indeed's Salary Calculator to get a free, personalized pay range based on your location, industry and experience.
How much does a nursing home administrator make?
Nursing home administrators in the United States make an average salary of $69,735 per year or $33.53 per hour. People on the lower end of that spectrum, the bottom 10% to be exact, make roughly $50,000 a year, while the top 10% makes $96,000. As most things go, location can be critical. New York, Colorado, Massachusetts, Rhode Island, and Delaware provide the highest nursing home administrator salaries.
What company pays the most for nursing home administrators?
If you want to get paid the most as a nursing home administrator, being employed by a company such as Cigna or Watermark Retirement Communities would be a smart choice, as they are the highest paying companies in this field. Additionally, companies like Heritage Ministries and Good Samaritan Store also report highly competitive salaries for nursing home administrators.
What is a patient care manager?
Patient care managers are executives who are in charge of supervising a clinical team. The managers take responsibility for directing patient care within an organization. Also called health care managers, they protect every patient's safety and health in a clinical setting. They interact with the healthcare team members to maintain open communication. It is also part of their duties to supervise the daily operations in the clinical care units. Managing clinical budgets and maintaining quality health services are also their responsibilities.
What is a pharmacist manager?
A pharmacist manager is responsible for monitoring the daily operations of a pharmacy, ensuring that all pharmacy personnel provides the right medication to the customers based on the prescription. Pharmacist managers assist in advising the customers for the instructions of their medications, including its dosage and instructions of intake. They manage the inventory and keep safe and clean storage for the products at all times. A pharmacist manager must have a comprehensive knowledge of the medical industry, as well as excellent communication skills, especially in responding to the customers' concerns and inquiries.
How Much Do Nursing Home Administrators Earn?
As of May 2017, managers at nursing and residential care facilities earned a median annual salary of $82,950. The BLS predicts that employment for the field will grow 20 percent through 2026.
What Is a Nursing Home Administrator?
A nursing home administrator is responsible for ensuring that residents are receiving quality care. They manage the nursing home staff, finances and admissions.
Do nursing homes need a license?
All states require that nursing home administrators are licensed, and licens ing requirements vary by state. Continuing education so that they can stay current on industry developments and improve their skills is strongly encouraged.
What does a nurse administrator do?
Nurse administrators work in large hospitals, nursing homes, and in an increasing number of medium-sized care facilities such as outpatient clinics . They direct the activities of other nurses and make leadership decisions for the nursing department on issues including:
What degree do nurses need to be paid?
While many factors can determine an individual’s wage, nurse administrators who hold a master’s degree, such as a Master of Science in Nursing Leadership and Administration as well as a certification may be more likely to qualify for higher paying roles.
What is the best way to advance your nursing career?
Ready to advance your nursing career? If your talents lie in management and leadership, consider becoming a nurse administrator. Demand for nurse administrators is growing along with the rest of the healthcare sector, and salary prospects for management roles in the field are strong.
How much does a medical health manager make in 2020?
According to 2020 data from the BLS, the average salary for medical health and service managers is $118,800 per year ($57.12 per hour).*. State. Per hour.
Does BLS estimate entry level wages?
* Bureau of Labor Statistics (BLS), U.S. Department of Labor, Occupational Outlook Handbook 2020. BLS estimates do not represent entry-level wages and/or salaries. Multiple factors, including prior experience, age, geography market in which you want to work and degree field, will affect career outcomes and earnings. Herzing neither represents that its graduates will earn the average salaries calculated by BLS for a particular job nor guarantees that graduation from its program will result in a job, promotion, salary increase or other career growth.
How much does a nursing home administrator make?
How much does a Nursing Home Administrator make hourly in the United States? The average hourly wage for a Nursing Home Administrator in the United States is $58 as of October 29, 2021, but the range typically falls between $51 and $64. Hourly rate can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
How much should you be paid?
For a real-time salary target, tell us more about your role in the four categories below.
Most common benefits
The average salary for a nursing home administrator is $83,654 per year in Oklahoma and $5,750 overtime per year. 8 salaries reported, updated at January 28, 2022.
How much should you be earning?
Get an estimated calculation of how much you should be earning and insight into your career options. See more details
Common questions about salaries for a Nursing Home Administrator
If you’re unsure about what salary is appropriate for a position, visit Indeed's Salary Calculator to get a free, personalized pay range based on your location, industry and experience.
