Health Economics & Outcomes Research Master's Degree

Jul 25, 2018

Having a master's degree in health economics and outcomes research gives graduates the tools and skills necessary to acquire jobs within the healthcare field. Read on to learn more about this specific master's degree, admission information, and some of its common core courses.

For those who wish to pursue a career in healthcare, having a master's in health economics and outcomes research better prepares them for careers in academic medicine. We'll take a look at admission and requirements for this degree program, as well as a few core courses that are typically offered.

Master's in Health Economics & Outcomes Research Admission Information

Those who wish to enter a graduate program in health economics and outcomes research will need to have an undergraduate degree with a 3.0 GPA or better and have completed their GRE exam. In addition, applicants must have at least two letters of recommendation and a personal statement of purpose. The required GRE score can vary from one graduate program to the next, but most require that prospective graduate students have scored at least a 300. Prospective graduate students can choose to focus their degree concentration on economic evaluation or outcomes research. The time required to complete such a degree is one to two years on average, though it can take less than a year, depending on the graduate program and amount of time devoted to taking courses.

Health Economics & Outcomes Research Program Information

A master's in health economics & outcomes research gives students the opportunity to expand upon their knowledge of statistics and through lab work and seminars, introduces them to real world issues that can be solved with their expertise. Students will take courses in a number of subjects, including statistics, public health, policies, and other similar topics. Though the courses associated with each graduate program differ, most include the core courses highlighted below.

Health Economics

Students who take this course will look at the role that economic principles play in helping them to understand human behavior of patients and their healthcare providers. In addition, they will examine how patients react when presented with incentives, as well as the ways in which health cost and effectiveness play a part in patient care. Furthermore, they will gain a better understanding of how different payment methods and financing options can impact a person's ability to obtain medical care for themselves.

Economic Evaluation in Health and Medicine

During this course, students will gain an understanding of how economic evaluation of tools and services is accomplished in healthcare. They will learn how to conduct cost analysis and determine the cost effectiveness of various healthcare programs and instruments. Students will also gain a better understanding of resource allocation and decision making within the healthcare industry.

Assessing Health Status and Patient Outcomes

Through taking this course, students will study the various types of measurement techniques that are used as it relates to health status and the positives and negatives associated with each approach. Like other data analysis courses, students will also be educated on when and where to use these measurement techniques to ensure the most effective and accurate evaluations possible. They will then look at examples and determine if the measurement technique used is the most appropriate given the situation.

U.S. Healthcare Organization and Delivery

Students taking this course will get an in-depth look at how the U.S. healthcare system is structured and what role economics plays as it relates to health insurance, medical programs, and financial assistance. They will examine how healthcare laws and regulations instituted by the government directly impact private and public healthcare systems and gain insight into the effects that competition has on the industry. Additionally, they will learn about current problems that healthcare officials and providers face and the effects that potential reforms could have on the system as a whole.

Research Ethics

This course is designed to prepare students for future research projects they may engage in upon graduation. It goes into detail about how to determine if research being conducted is morally acceptable and how to deal with societal issues related to morality. It helps future researchers to better understand the issues that they may face and provides them the tools necessary to properly navigate through the issues. In addition, students learn how to analyze the pros and cons of any research and determine whether it should be conducted or not.

Obtaining a master's degree in health economics & outcomes research will allow you to go into many different areas within the field of healthcare including medical research and development. The one to two year program includes courses focused on health economics, the American healthcare system, ethics, and more.

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