A master of business administration provides advanced theoretical and practical training that help students gain a clear understanding of business management functions, including marketing, finance, and accounting. A healthcare management degree teaches students to apply the principles of business management to the healthcare field.
The U.S. Bureau of Labor Statistics (BLS) projects healthcare professions to increase by almost 18% by 2016-26. An MBA positions graduates for leadership and top management roles in this expanding professional arena. This guide shows prospective students what to expect from an MBA in healthcare management program and how it can help them get ahead in their careers.
Online MBA in Healthcare Management Curriculum
Most online graduate healthcare management degrees allot about 20% of coursework for industry-specific subjects. The curriculum provides students with opportunities to examine several key factors currently impacting the healthcare field. Learners typically enroll in financing, patient care, government healthcare policies, and emerging technology in healthcare delivery.
This course examines financial components of healthcare management, including Medicaid regulations, insurance coverage, medical personnel compensation and benefits, and fiscal and budgetary policies. Students also explore how financial considerations affect the quality and timely delivery of patient care and other healthcare services.
In this course, students learn about the basic principles that comprise current healthcare laws and regulations. The course usually covers healthcare delivery operations, medical malpractice, forensic medicine, and medical proof in litigation. Students learn to administer healthcare programs within the structure and operational boundaries of healthcare laws and policies.
This course familiarizes students with the role of informatics in the healthcare field where technology has become an indispensable tool. Learners explore how the proper acquisition, storage, and retrieval of health information contribute to the delivery and accessibility of healthcare services and improve the quality of patient care.
Comparison of Healthcare Management Master's Degrees
Several postgraduate fields of study can lead to executive and leadership positions in the healthcare arena. A student's professional objectives, educational goals, and personal interests usually determine the type of healthcare program they choose to pursue. The degree types below represent a sample of post-baccalaureate academic programs that a healthcare professional can pursue to boost their career options.
|Degree Type||Description||Potential Career Path||Length|
|MBA in Healthcare Management||An MBA in healthcare management focuses on the business side of the industry. Students learn to apply fundamental business principles, such as marketing and finance to specific healthcare components like patient services, insurance billing, and hospital operations.||Medical Manager||2 years|
|Master of Healthcare Administration||An MHA degree provides graduates with the skill set and knowledge base to run different kinds of healthcare facilities, including hospitals, nursing homes, and community health centers. Depending on the size of the medical facility they manage and the services offered therein, healthcare administrators often handle budgeting issues and funding concerns, hiring and training of medical professionals and support staff, and building operations.||Healthcare Facilities Administrator||2 years|
|Master of Public Health||An MPH degree provides students with opportunities to examine issues like healthcare equity and accessibility, public health safety, disease prevention, and effective community health programs. Public health programs also acquaint students with policy-setting principles and practice so they can take on leadership roles after graduation.||Epidemiologist||2.5 years|
Healthcare Management Scholarships
Due to the need for knowledgeable and well-trained professionals in the healthcare management field, several colleges and universities, state agencies, and private organizations offer financial assistance to students who wish to pursue graduate studies in this field.
|Albert W. Dent Graduate Scholarship||
Who Can Apply: Graduate healthcare management students beginning their second year of study can apply for this scholarship opportunity. Applicants must belong to a minority group, be a full-time student, and demonstrate financial need.
|David A. Winston Health Policy Fellowship||
Who Can Apply: The program welcomes applications from first year graduate students in their second semester of a master's degree in healthcare administration. Applicants must be full-time students and U.S. citizens.
|Florence Gaynor Scholarship Award||
Who Can Apply: African American female graduate students with outstanding achievements in healthcare management can apply for this funding program administered by the National Association of Health Services Executives.
|Foster G. McGaw Graduate Student Scholarship||
Who Can Apply: The scholarship board accepts applications from full-time student enrolled in a graduate program in healthcare management. Applicants must be entering their final year of the program and demonstrate financial need.
|Transamerica Leaders in Healthcare Scholarship||
Who Can Apply: Graduate healthcare management students with a minimum 3.0 GPA who belong to an ethnic or cultural minority group can apply for this scholarship program administered by the Institute for Diversity in Health Management.