Degree Overview: Master of Business Administration (MBA) Degree in Health Care Management
Majors Overview May 17, 2015Get information about Master of Business Administration (M.B.A.) degree programs in Health Care Management and their education requirements, coursework, career choices, job and wage outlook, and continuing education choices.
Master of Business Administration (M.B.A.) in Health Care Management Programs
Students enrolled in a Master of Business Administration (M.B.A.) degree program in Health Care Management can expect to become adept at overseeing operations and services in health care facilities. Admission criteria typically require incoming students to hold an undergraduate degree; they are subjected to tests, while being expected to have work experience and to have completed previous coursework. Hands-on experience such as an internship is often in the health care management specialization, as in most MBA concentrations.
Education Requirements
Admission criteria typically require incoming students to hold a bachelor’s degree. Schools may also expect the submission by candidates of transcripts of all undergraduate courses and scores from the Graduate Management Admissions Test (GMAT) or Graduate Record Examination (GRE). Relevant work experience may also be required to have been completed.
Coursework
Coursework involves the exploration of principles of effective management, finance, marketing and business as related to the U.S. health care system. Students gain a grasp of the relationship between patient needs, medical professionals and insurance companies, and the impact of those correlations on health care facilities. Coursework includes classes on health care systems operation, human resources management, public relations, financial management, business management, or health care planning. Ethical decision-making, policy and economics may also be covered. Participation in internship opportunities to gain real-world experience may be a requirement for students enrolled in some schools. Core coursework may cover topic areas such as:
•Health economics
•Health care law
•Strategic planning
•Human resources administration
•Health information systems
•Budgeting
•Marketing
•Hospital organization
•Biostatistics
Career Choices
With leadership and business communication skills, program graduates may seek leadership roles in government agencies, insurance companies, health care agencies and hospitals. Opportunities may also be available in the health insurance, biotech or pharmaceutical industries. They could choose from common job titles such as:
•Insurance coordinator
•Pharmaceutical sales consultant
•Health care administrator
•Quality improvement manager
•Hospital associate director
Job and Wage Outlook
Over the 2012 – 2022 decade, a job growth of 23% has been predicted for medical and health services managers (Bureau of Labor Statistics). In May 2012, these managers brought in an average annual wage of $88,580 (BLS).
Continuing Education Choices
Individuals can stay abreast of knowledge about the health care management field through enrollment in graduate certificate programs in health care management, wherein they can gain information on cutting-edge advancements in the industry. Earning a Ph.D. degree in Health Care Management and economics would enable a graduate to seek a career in research.
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