What Can I Do with a Health Care Management Degree in Strategic Management?

A master's degree program in health care management specializing in strategic management provides graduates with the qualifying credentials for a career as a health care manager. Graduates also gain proficiency in planning, organizing and implementing strategies to carry an organization successfully into the future. Schools offering Clinical Research Administration degrees can also be found in these popular choices.

Degree Information

Health care strategic management personnel prepare service delivery plans that can make health care systems and institutions more profitable, more cost effective and more competitive. Individuals seeking a career in this field would probably be best advised to pursue a Master of Business Administration (MBA) in Health Care Management with a specialization in strategic management. These programs are generally designed for hospital administrators and managers, and healthcare professionals who intend to enter private practice and others who want a career that combines science and business.

These MBA programs include courses in finance, such as health care transactions and decision-making. Other courses cover ethics, marketing, strategy development and health care in the future. MBA students may learn about designing effective health care systems, medical technology and the management of a health care practice.

Important Facts About This Occupation

Median Salary (2018) $99,730 (for all medical and health services managers)
Job Outlook (2016-2026) 20% growth (for all medical and health services managers)
Work Environment Office setting
Key Skills Analytical, communication, leadership and technical skills

Source: U.S. Bureau of Labor Statistics

Career Information

Graduates with an MBA can enter medium- to top-level management positions in many parts of the health care industry. With this type of educational background, graduates are able to help position the organization for success and implement logical strategies for the future. A strategic management emphasis with a health care management degree focuses more on planning for the future than on reporting past data.

The health care management field is changing on many levels. There are new emphases on technology, regulations, economics, politics and competition as health care moves more strongly into the business world. Strategic management specializations provide students with the skills to be adaptive to the changes that face the business side of health care. Such specializations also foster the development of planning skills, whether they pertain to the management of staff or the direction of finances.

To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below:

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