Healthcare management continues to grow at a rapid pace across the country. With technology continuing to advance and more people relying on quality medical networks, facilities, and providers, there will continue to be a need for competent healthcare managers and administrators for years to come. Advances in medicine continue to make the average life expectancy for Americans increase. A recent report on life expectancy by USA Today finds that someone born in 2016 will have an increase of seven years longer life compared to someone born in 1980.
The responsibilities of a healthcare manager include the oversight of many departments within a healthcare system or facility. Healthcare supervisors can work in the public or private sector as well as in the government, non-profit, or for-profit sectors. A manager may be responsible for making sure positions are filled with the most qualified employees and that certain organization goals are communicated and met within each department. It is often the healthcare administrator’s job to meet with department heads and make sure that things are running smoothly on all fronts. Some professionals in healthcare management are considered generalists, and others are specialists. Specialists are typically responsible for the leadership of a facility’s department like accounting or marketing where a generalist will oversee entire all departments of a facility.
The education level of a healthcare manager is typically high. Many in this field will have achieved a degree like an online MBA with a Healthcare Management specialization as it gives a student a strong business foundation while also training her in the specific areas of healthcare management. Some professionals in healthcare will begin focusing on the healthcare market as undergraduates, and this can only help them at the master’s level by allowing them to waive foundational courses when pursuing an online MBA.
What will an online MBA in Healthcare Management entail?
One of the greatest benefits of an online MBA is the excellent exposure to real-world case studies and a relevant perspective on the current state of healthcare that online MBA students enjoy throughout their degree. As recently reported by Forbes, current healthcare professionals continue to manage three areas that are driving the changes in the healthcare system. These areas center on advances in medical technology, cost efficiencies, and care for the patient.
Lessons will continue to be learned as organizations in healthcare learn how to be soluble in a competitive market where they will want to staff well and offer the best in modern healthcare. This is where managers and administrators in healthcare will make it or break it. The best trained healthcare professionals will be the ones who offer the best in healthcare business leadership. The online MBA has been designed to properly prepare a professional for how to provide the best in healthcare management, work well with teams, and keep an eye on the bottom line.
The curriculum of an online MBA with a Healthcare Management specialization is based on solid business principles like leadership, accounting, marketing, organizational behavior, finance, and management. Most programs will feature a higher number of credit hours centered on core courses. An average 36-credit hour degree may consist of 24-credit hours of core credit requirements before any concentration courses dealing with healthcare management are introduced.
The specialization courses within an online MBA may be presented as a pool of electives the student can choose from to satisfy a certain number of credits, or some business schools present their students with a fixed number of courses they need to take to graduate. The specialized courses will cover many of the specific and unique needs related to leading organizations in the healthcare industry.
What are the top jobs in healthcare management?
Professions in healthcare management can be as varied as the types of organizations that are in need. Titles in healthcare administration include hospital administrators, hospital chief executive officers, healthcare actuaries, and directors of nursing. Roles like these carry with them multiple levels of responsibilities, both health-related and financially. A nursing director may be in charge of an entire staff of nurses in one or more facilities. They typically report to an organization’s CEO and are in charge of setting a department’s budget and database of records. A hospital administrator will be in charge of multiple departments and many employees of a facility. The optimal degree for someone interested in a career like these two examples is the online MBA with a Healthcare Management specialization.
Some common threads between all roles like these are that they are very important to the organizations they work in, and management positions in healthcare typically are very lucrative. It has recently been reported that healthcare managers averaged $99,730 per year in salary over 2018. The outlook for professions like those also continues to look healthy, and the growth rate for healthcare administrators is much higher than the national average.
How do I apply for an online MBA in Healthcare Management?
With so many options for higher education, researching a program that will be the best fit can seem like a daunting task. Fortunately, many business schools have made applying for a degree like the popular online MBA in Healthcare Management a simple process. A quick scan of a business school’s website will usually yield a box to click for more information or to get the application process started immediately. Some schools have admissions advisors just a click or phone call away to answer any questions about the program or admissions process.
All business schools will want to know what previous education you have accomplished before being admitted into an online MBA. The typical prerequisite for a graduate degree is the completion of an undergraduate degree with a grade point average of between 2.75 and 3.25, generally speaking. Most well-accredited business schools will require that a completed bachelor’s degree be from an accredited four-year college or university.
Other important elements of a complete admissions package may include transcripts from all previously-attended schools, a current resume, some letters of recommendation, and a statement of intent showing academic and professional goals for the future. Since the MBA is a higher-level professional degree, many programs do require that their applicants have already been working as a professional for between two and five years.
An online MBA in Healthcare Management is a great choice for business professionals interested in the exciting world of medical and healthcare leadership. Applying for a degree like this one is easier than one might think.