Online MBA Degree in Healthcare System Management
Online MBA programs are available, but the healthcare system management concentration is seldom available online. Read about online and on-campus programs in this field, and check the prerequisites for enrollment. Find out what classes you'd take in a healthcare system management MBA program. Check the employment outlook and salary potential for medical and health service managers. Schools offering Health Information Systems degrees can also be found in these popular choices.
What Can I Expect from an Online MBA in Healthcare Management Program?
Online MBA programs with concentrations in healthcare management and health systems management are available, but these programs are very rare. MBA programs usually take 2-3 years to complete; however, if your program offers self-paced classes online, you may be able to finish sooner. Some online programs may administer all courses entirely over the Internet by providing video lectures and communicating through discussion forums. If you're enrolled in an on-campus MBA program, you can also expect to participate in collaborative projects and internships, which can allow you to network and gain professional experience.
|Degree Options||Master of Business Administration (MBA) with healthcare management and health systems management concentrations; online programs available|
|Program Prerequisites||Bachelor's degree, GMAT, letters of recommendation, resume; healthcare and management experience could be required|
|Common Courses||Risk assessment, healthcare finance, business ethics, healthcare law|
|Median Annual Salary (2014)||$92,810 for medical and health care service managers|
Source: U.S. Bureau of Labor Statistics
How Do I Apply?
Many MBA admissions committees prefer candidates who have work experience in the healthcare industry, and it could be beneficial to hold management experience as well. Additionally, you must hold a bachelor's degree to apply. Letters of recommendation, Graduate Management Admission Test (GMAT) scores and a resume may also be required when applying to healthcare management programs.
What Will I Learn?
During an MBA program, you can expect to learn about advanced management techniques, as well as industry-specific business practices. You may also receive training in research methodologies and relevant mathematic skills. You could take the following courses:
- Healthcare law
- Statistics for management
- Risk assessment
- Operations management
- Healthcare finance
- Business ethics
- Medical information technology
- Leadership models
What Is the Job Outlook and Pay?
The U.S. Bureau of Labor Statistics (BLS) reported that medical and health services managers earned a median annual salary of $92,810 as of May 2014 (www.bls.gov). Additionally, the BLS projected an employment growth rate of 17% between 2014 and 2024 for this profession, which was greater than average.
Growth for healthcare management professionals will likely be precipitated by the baby-boom population aging and people generally remaining active longer. According to the BLS, many services previously offered in hospitals are now being offered in practice groups. As medical group practices grow, so will the demand for management in these areas.
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