As jobs in healthcare expand, an online healthcare MBA puts you in a prime position to advance your career as the manager of a hospital, small medical practice or nursing home.
Healthcare managers keep hospitals and clinics running so that doctors and nurses can focus on healing the sick. They actively plan and direct healthcare procedures, supervise team of healthcare professionals and manage healthcare facilities.
An online MBA healthcare management equips you with the industry-specific skills and tools needed to excel as administrator in rapidly evolving healthcare field. You will obtain real-world perceptive of healthcare administration and reinforce the management expertise you need to perform effectively in the medical sector.
Healthcare MBA online programs can be just as rigorous as those in a more traditional classroom setting, but offer the advantage of allowing you to arrange your studies around your busy schedule.
Talented business executives and healthcare experts who have worked in a variety of fields often teach these classes. That’s because skills in budgeting, accounting, employee and business management have significant crossover into the field of medical management.
An online MBA in healthcare administration will teach you many of the same invaluable skills that you'd learn in a more traditional MBA program. Knowing how to develop and maintain a budget, handle finance, manage employees and communicate with department heads about organizational goals are useful skills, regardless of the industry.
Online healthcare MBA programs foster decision making, organizational planning and leadership qualities.
A healthcare MBA will also acquaint you with the specific challenges that are unique to hospital and medical clinic management. You will study how legal, ethical, regulatory, social and political issues influence the healthcare policies and procedures.
These programs will cover the state and federal laws governing the disclosure of medical records and the latest strategies on how to manage the time and schedules of medical professionals like doctors and nurses.
With your online healthcare MBA, you will have exceptional qualifications for administrative roles as hospital administrators, healthcare consultant and medical and health services manager in variety of settings, including hospitals, clinics, nursing homes, insurance firms, departments of health services, government agencies and residential care units.
Like the rest of the medical field, jobs in healthcare management are expected to experience significant growth over the next decade.
People are living longer and staying more active later in life. Many organizations say they are already unable to find enough healthcare MBAs to fill the jobs that already exist.
The following is the U.S. Bureau of Labor Statistics’ expected growth information for jobs requiring an MBA in healthcare management or administration:
Due to the important responsibilities placed on them and the expertise they offer, professionals with an MBA in healthcare management tend to earn significant pay for the work they do. According to the BLS, these professionals now earn the following:
Both business and healthcare are fields that are constantly evolving and innovating, and healthcare managers and administrators need to stay on the cutting edge. Here are some expected trends in the industry for the next several years and decades:
An online MBA in healthcare administration can be the ticket to not just a successful career in a growing industry, but also to a career in which you will genuinely get to help people every day. Find the top accredited online healthcare MBA programs to achieve your ambitious goals.