MBA programs focusing on the healthcare system are designed for professionals currently working in the medical industry. Some programs supplement faculty teaching with instruction from established industry leaders. Prerequisites often include a bachelor's degree in a related field, GRE or GMAT test scores, letters of recommendation, professional work experience and sponsorship letters from the student's employer. Programs generally last two years. Some programs may combine classroom and online learning.
Master of Business Administration in Healthcare System
The core program coursework broadens students' knowledge and equips them with decision-making models and management skills. Electives allow students to tailor the program to their career needs. This approach provides the knowledge, problem-solving skills and decision-making tools needed by healthcare leaders. Programs generally require a capstone project and extensive independent research. Core MBA courses and healthcare electives may include:
- Probability modeling
- Healthcare policy and law
- Hospital management
Popular Career Options
MBA degree programs specializing in the healthcare system can prepare students for business management roles in the healthcare industry. They aim to equip aspiring professionals with the practical skills necessary to manage the business facets of healthcare organizations, such as hospitals, nursing facilities and health insurance companies. Possible careers include:
- Medical director
- Strategic director
- Healthcare management auditor
- Financial operations director
Employment Outlook and Salary Information
From 2018-2028, medical and health services manager employment was projected to grow much faster than average at a rate of 18%, reported the U.S. Bureau of Labor Statistics (www.bls.gov). Managers working for hospitals earned a mean salary of $122,460 as of May 2018, while those working for physicians' offices made a mean wage of $107,530 at that time. The mean wage for managers at nursing care facilities was $93,680.
Continuing Education Information
Doctoral-level degree programs in the healthcare field are available. These cater to senior healthcare business leaders, healthcare policy makers and those seeking university-level faculty positions. These programs typically culminate in a Ph.D. or a Doctor of Health Administration (DHA).
Students who wish to pursue a managerial career in the healthcare profession should consider applying to an MBA program in healthcare systems. Students in these programs learn essential business theories and practices that are applicable to the healthcare industry.