Dual MBA & Master of Health Administration Degree Programs

Find out what a Master of Business Administration and Master of Health Administration dual degree program has to offer you. Learn about typical courses, career options with this degree, and more by reading on. Schools offering Health Care Administration degrees can also be found in these popular choices.

Dual MBA/MHA Program Information

Individuals who manage healthcare practices often need an education in business as well as a knowledge of healthcare delivery systems, and a Master of Business Administration (MBA) and Master of Health Administration (MHA) dual degree program exists to answer that need. The MBA/MHA program is designed to provide a solid foundation in the skills needed for running a business, such as management, budgeting, and finance, along with the in-depth, highly specific knowledge of healthcare services, healthcare law and regulations, and ethics that health practitioners must possess. Despite awarding two master's degrees upon completion, many MBA/MHA dual degree programs take not much longer than a single standard master's degree program would. MBA/MHA dual degrees are sometimes available entirely online, although both on-campus and online programs sometimes include internship experiences.

Dual MBA/MHA Courses

Coursework for degree programs will vary slightly between institutions and in accordance with past education and professional experience. Still, there are some courses that are commonly included in dual MBA/MHA degree programs:

  • Management of marketing deals with decisions managers have to make in relation to marketing, such as pricing, promotion of the business, and projection of marketing data into the future.
  • Management of finances handles business issues that relate directly to the healthcare industry, such as capital budgeting, asset management, risk analysis, and payment methods like insurance.
  • The behavior of healthcare organizations looks at issues of communication, teamwork, and leadership in business as well as the applications of organizational theory and design in the healthcare industry.
  • Ethics and laws surrounding healthcare teaches the importance of ethical behavior in the healthcare industry and touches on laws that affect healthcare providers, such as liability and informed consent.
  • Healthcare policy development examines how political polices relating to healthcare are developed and how they can affect the economics of running a business in the industry. Topics of study may include liability insurance requirements; the balance of prices, costs, and profits; and decision making as it relates to public policies.
  • Healthcare industry systems provides a detailed overview of the structure of the healthcare industry in the US, the problems created by this structure, and how it came to be.

Dual MBA/MHA Career Possibilities

Due to the program's equal focus on business and healthcare administration, students who earn both an MBA and MHA are well equipped to take on a number of high-level careers within the healthcare industry. They can lead a business of their own or work as part of a major corporation's management team.

Healthcare Administrator

Healthcare administrator is a logical choice for individuals with an MBA/MHA, given that the degree shares a name with the job title. Healthcare administrators lead healthcare providers, be they nursing homes, hospitals, clinics, or other healthcare aligned facilities. They ensure quality service, recruit new medical professionals, create schedules, and manage department leaders that operate below them. The median annual salary for healthcare administrators as of May 2018 was $99,730, according to the US Bureau of Labor Statistics. Employment of healthcare administrators is expected to grow by 18% over the ten-year period from 2018 to 2028 and is driven by the increasing medical needs of the aging baby boomer population.

Healthcare Consultant

Individuals who wish to operate more independently may be interested in a career as a healthcare consultant. Like other types of management analysts and consultants, healthcare consultants are brought in by healthcare companies to increase efficiency, reduce waste, and recommend changes to the structure and organization of a business. They may work as independent contractors or as part of a larger consulting firm. The median salary for a healthcare consultant was $77,332 as of February 2020, according to salary tracking website Payscale.com. While the US Bureau of Labor Statistics does not track employment data on this career in particular, the larger field of management analysts and consultants is expected to see a 14% growth between 2018 and 2028, and the complex nature of health insurance regulations is one reason for this growth.

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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