The Master of Science in Business Administration in Healthcare is an accelerated program that can optionally be completed by students on a part-time basis. It focuses on providing students with advanced knowledge and skills in the areas of business and management with emphasis on the healthcare sector. Generally, they will learn the skills of making important business decisions in a healthcare setting, communication and using technology, be more aware of the current industry trends and find ways to solve issues affecting the industry. Through this program, students will gain the skills they use to be able to efficiently and successfully manage health care facilities and programs as well as deliver a variety of health care services to people with different needs.
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An MBA in Healthcare can now be pursued online today. Various universities offer this program to allow working professionals to gain advance studies without having to take a leave from their work.
The MBA in Healthcare is different from the Masters in Healthcare Management. While the MBA is targeted towards health care administrators, the Masters in Healthcare Management is meant for physicians who want to enhance their managerial skills. The program is ideal for practicing physicians taking on managerial roles.
The courses included in the MBA in Healthcare program aim to train students in the various aspects of healthcare administration. Apart from a comprehensive knowledge of the healthcare industry, among the focus of the curriculum are on teamwork and leadership, communication, information and technology literacy, awareness of health ethics, quantitative analysis and financial knowledge.
Specifically, the courses can cover healthcare accounting and finance, human resource management, business policy, information systems for managers, financial decision making, production and operations management, macro and microeconomics, the legal aspects of health care administration and marketing management.
To qualify for an MBA in Healthcare, one must have completed a bachelor’s degree with concentration on the healthcare industry. This can be on Psychology, Pharmacy, Nursing, Nutrition and Biology, among others.
Jobs for Graduates
Graduates of an MBA in Healthcare can work in a large hospital, a clinic, nursing home or insurance organization in varied positions. These include as clinical managers, healthcare administrators, program directors, chief executive or operations officers, director of development, compliance officer, health information managers and nursing home administrators. These positions involved specialized skills
in healthcare, implementation of policies, monitoring the organization’s daily operations, creating a budget plan and coordinating with other managers of the facility.
In a nursing home setting, administrators are normally on top of everything ensuring that patients are provided the right service and medical attention they require and that the facility operates properly on a daily basis. The person is also involved in the financial side of running the nursing home usually keeping track of the best solutions within the budget available.
Having an MBA in Healthcare is one sure way of climbing up the ladder to higher paying positions in the industry. It also means being able to pursue your passion of contributing to the development of the healthcare sector and helping patients get the right service at affordable rates possible.