Careers for an MBA in Healthcare Management Graduate
- Hospital Administrator
- Practice Manager
- Health Information Manager
- Health Policy Analyst
- Pharmaceutical Project Manager
More and more professionals who want to advance their careers in the healthcare industry are choosing to study for an MBA in Healthcare Management. These business degree programs tend to be much more focused on the ins and outs of business and the inner workings of healthcare environments.
Related Resource: Top 20 Online MBA in Healthcare Management Program 2018
Since it can cost a significant amount of money to earn a Master of Business Administration in any concentration area, it’s critical that you research tuition costs and possible career options following your short two-year graduate student career. Here are five of the options you might be interested in pursuing once you officially graduate from business school.
1. Hospital Administrator
Hospitals can be extremely chaotic environments. When you’re working as the face of the hospital, it’s easy to be overcome by the emotions and the somber mood you’ll often face. An alternative to working on the front lines is to work as a health service manager who keeps things running in the office.
Working behind-the-scenes as a hospital administrator is another option for graduates who are interested in working with budgets, legal compliance, quality assurance, talent recruiting, and facility budgets. Administrators also set rates for services and monitor the public perception of the facility to improve numbers. The Bureau of Labor Statistics projects this management role to grow faster than average over the next 10 years.
2. Practice Manager
If you’d prefer to work in a smaller and less chaotic environment, another option would be to take your talents to a practice where you can work as a practice manager. Practice managers are experienced and educated health services managers who run group practices clinics, doctor offices, and departments. They will manage overhead costs, oversee security procedures, ensure legal compliance, handle scheduling, and mediate customer complaints and more.
3. Health Information Manager
More and more of the operations in a doctor office, clinic, insurance company, and hospital are becoming digital. From communications between departments to health records, everything is being transcribed, stored, and send by digital means. This creates a huge need for medical managers who specialize in overseeing health data that are found in an organization’s computers. Health information managers manage the flow of health data and also oversee computer programs and databases.
4. Health Policy Analyst
If you’re a natural writer and you love conducting meaningful research, another option would be to use your business education to become a health policy analyst. As more and more health policies are changing on a federal and state level, it has never been a better time to pursue a career where you can work for advocacy groups and consulting firms to research healthcare programs and how successful and unsuccessful they have proven to be. Not only will you research these things, you will also attend meetings to collaborate on new ideas to solve a healthcare policy problem.
5. Pharmaceutical Project Manager
If you’d like to venture into the pharmaceutical industry, one career that is suitable for you when you have a graduate degree in project management. As a project manager, you’ll oversee the development of a new medical device or a new prescription drug to ensure that the project is successful and that engineers are on-budget. You’re in charge of bringing all contributors together to ensure the end goal is met.
There is a long list of different positions that are available in healthcare settings. If you’d like to be a manager or administrator and you don’t want to pursue a position in acute care first, getting your MBA in Healthcare Management can help qualify you for any of the careers above.