Budget boost to health spending opens career opportunities

The Federal Government’s Budget boost to healthcare spending will create more jobs in the sector, opening up positions in management and administration that will prove financially rewarding for health professionals with postgraduate degrees.

The Master of Healthcare Leadership (MHL) from Southern Cross University equips professionals to progress their careers into these emerging roles across a variety of healthcare bodies.

The Budget shows the Government expects to increase spending on health substantially compared to the current financial year.

The rise will amount to $1.5 billion in 2017-18 and $3.7 billion in 2018-19.

These increases will go to the states for public hospitals, sub-functions of health services and programs such as mental health support and suicide prevention. Skilled administrators will be needed in all these areas to manage the extra funding and ensure effective delivery of health services.

Market demand

The healthcare and social assistance sector, which employs doctors, nurses, dentists, physiotherapists and many other professionals, now employs more than 1.5 million people, or about one in every eight Australian workers. Over the past five years, the sector has added more than a quarter of a million jobs, making it the largest contributor to the nation’s jobs growth.

Australia’s population is expanding, wealth is increasing and expectations are rising. Longer life expectancy means age-related diseases such as Alzheimer’s are becoming more prevalent. As a result, spending on health is predicted to grow well into the next decade, pushing up demand for leaders in the sector.

Course content

The SCU Master of Healthcare Leadership is designed to give you a broad, interdisciplinary perspective on healthcare delivery and to prepare you for leadership roles.

You may be a doctor or registered nurse with many years of experience who wants to move out of direct care, or you may be from an allied health background, such as physiotherapy, osteopathy, counselling or optometry. SCU’s MHL will teach you how to critically evaluate the latest healthcare leadership research and translate it into policy, clinical practice and management. Importantly, the coursework will take inspiration from situations you face every day, enabling you to apply what you have learned in your workplace immediately.

The course will assess what makes a great manager and leader, and how to inspire greatness in others. From a clinical perspective, you will learn how to identify strengths and get the best out of your team. It will examine how internal and external factors – such as a funding cut or boost, a restructure or a change in government – can affect healthcare delivery, and how effective strategic management can help mitigate negative impacts.

So, whatever your health background, completing a Masters in healthcare leadership online will give you more flexibility, more career opportunities and more transferrable skills to take with you into a future role.

Salary potential

Completing a postgraduate degree and moving into a leadership position can significantly increase your earning potential.

According to Australian Employee Earnings and Hours data, health and welfare services managers earned an average weekly wage of $2,721 as at May 2016, compared to the national average wage across all occupations of just $1,230, That’s even more than the average of $2,430 a week earned by school principals.

Separate ABS data from August 2016 reveals that the occupation groups with the highest mean weekly earnings were managers (across industries) at $1,853, followed by professionals at $1,545.

Average weekly earnings for those with a non-school qualification were highest for those with a postgraduate degree. At $1,791, the figure easily outstrips the average salary of a professional. The figures highlight the financial rewards that career progression with an MHL can deliver.

Online convenience

This Masters degree is conducted fully online, making it ideal for busy health professionals who are juggling work, life and family commitments.

Students can access everything online to complete their degrees, including course content, assignments and coursework, from home, the workplace or anywhere else with an internet connection. They can participate in discussions, collaboration opportunities and debates with other healthcare practitioners or academics, all via an interactive learning platform.

SCU’s MHL degree is one of the most time-effective and cost-effective online Masters degrees available in Australia. The degree can be completed in just two years part-time, and at just $1,990 per unit, it offers graduates a significant return on their investment. If you’d like to learn more about the Master of Healthcare Leadership or consider the MBA specialisation in Health Services Management speak with one of our Student Enrolment Advisors on 1300 589 882.