Healthcare Analyst Essential Information
A healthcare analyst is responsible for analyzing, compiling, and validating crucial medical data. They are tasked with compiling and maintaining data data needed by the company and will often offer insight as to how better improve care systems within their place of employment. Analysts must be proficient in the use of computers and programs that specialize in data collection. In order to secure a job as a healthcare analyst, one must have acquired a bachelor's degree in a field such as computer science or mathematics, as well as accumulated four to five years of job experience with data management systems.
|Required Education||Bachelor's degree at minimum; master's degrees may be preferred|
|Other Requirements||4-5 years of experience working with data management systems|
|Projected Job Growth (2018-2028)||11% for medical records and health information technicians*|
|Mean Salary (2019)||$61,370**|
Source: *U.S. Bureau of Labor Statistics **PayScale.com
Healthcare Analyst Job Description
Healthcare analysts compile important medical data through the use of computer-based applications. They usually work full-time at health care agencies or hospitals to gather, compile, model, validate, and analyze data needed by the company. The data is then used to understand the current trends in the healthcare system and to make well-informed decisions.
Healthcare analysts may also be asked to develop initiatives for providing more effective healthcare, as well as resolve current service issues. They must have the ability to manage multiple projects, as well as meet time constraints and expectations. Designing new approaches to healthcare delivery may also be included within the position.
Healthcare Analyst Job Duties
Healthcare analysts are responsible for developing reports for upper-level management. They prepare monthly status reports, aid in corporate projects that deal with healthcare, compare medical budgeting to their prior analysis, and assist in customer service issues. They're also called upon for duties that include developing enhanced reports for their healthcare agency. All of these duties provide the healthcare agency with reliable information for their medical staff and patients.
Healthcare Analyst Job Requirements
Healthcare analysts are usually required to possess a bachelor's degree in healthcare administration, mathematics, financing, business, or computer science. Having a master's degree in a related field is preferred, but not required by most hiring healthcare agencies.
Healthcare analysts are usually required to have four to five years of work experience handling intricate database and information management responsibilities. Knowledge of PC-based applications used for data management is also required. A healthcare analyst must be good at multitasking and problem solving. A working knowledge of data analysis tools, such as SAS and database language tools like SQL, is very beneficial as well.
Healthcare Data Analyst Salary Info
According to PayScale.com, as of July 2019, the majority of healthcare analysts earn between approximately $49,000 and $82,000 a year. The average annual income for these professionals was $61,370.
Healthcare analysts must have a thorough understanding of healthcare systems, data collection, and analysis, and they must have strong organizational and record keeping skills. This could be a safe profession choice as the BLS predicts job openings to continue to grow through 2028, and it can be a satisfying career choice, both personally and financially.