Do you have knowledge and experience in both business administration and health care? If so, a Master of Healthcare Administration can provide the opportunity for you to use your skills in a career that leads the world in helping the industry progress. The Bureau of Labor Statistics reported that the median salary for healthcare service managers was more than $90,000 as of May 2014. Concentrations for healthcare administration degrees vary from school to school but may include informatics, operations, gerontology and education. No matter what your concentration, you’ll need to complete core classes for a healthcare administration degree. Find out more about the fundamental courses you’ll likely need to take to earn your degree.
Laws and Ethics
New technology in health care brings with it new concerns about ethical standards and legal issues. In a class that discusses laws and ethics in the healthcare field, students will investigate moral issues surrounding biomedical research and insurance rules. Part of this course should cover the legal fundamentals of health care and how current laws apply to potential medical situations. Students will learn about matters of patient rights, privacy and security issues and liability concerns.
Organizations in the healthcare industry can’t succeed without adequate financial management. Successful businesses must have impeccable strategies and practices surrounding their finances. Even students with an accounting background will need to learn more about the financial atmosphere of the healthcare field.
In this course, students will likely have hands-on experience studying, analyzing and adjusting financial data to learn how it plays a part in an organization’s decision-making strategies. Students will also learn how to create and manage budgets and forecast the future financial position of a business.
In this course, students will learn how policies surrounding health care affect procedures within organizations and throughout society. The course will usually present the ways in which healthcare policy issues affect delivery of care and introduce students to significant players in the creation of healthcare policy. Students will examine how the economic health of a society and government groups can influence policymaking and focus on finding solutions to the challenges posed by regulations.
Entrepreneurship and Marketing
Anyone passionate about the promotion and development of an organization should take a course in marketing or entrepreneurship. Courses like this will investigate how marketing philosophies can be applied to organizations in the healthcare industry. They will also cover the basics of developing a new business, understanding consumer behavior, recognizing the target market and identifying opportunities in the market. Courses in entrepreneurship or marketing will address the role research and analysis plays in developing an effective business or marketing strategy.
Most graduates of a Master in Healthcare Administration will need to demonstrate a comprehensive understanding of how to manage a healthcare organization. In a strategic management course, students are often asked to come up with a complete plan for a real or hypothetical organization to demonstrate their grasp of all of the elements that go into healthcare administration. Students will learn how to develop strategies that can change and evolve as the healthcare industry transforms.
Some of the most important people in health care work behind the scenes. Graduates from a program in healthcare administration can go on to be executives at medical organizations, insurance companies, healthcare networks and hospitals. They can provide consulting services or help shape public health policy.