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Courses and Careers for an MBA in Healthcare Management - Forbes Advisors

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There are multiple academic paths to choose from if you are preparing for a career in the growing healthcare industry or for leadership roles in healthcare administration. The Master of Business Administration (MBA) in Healthcare Administration is a versatile degree that provides students with practical skills and knowledge in healthcare administration and business. These skills are applicable in many industries.

MBA in Healthcare Administration Admission Requirements

Admission requirements for the MBA in Health Care Management vary by school and program. Generally speaking, applicants should have a bachelor’s degree in a related field such as biology, health sciences, or medical administration. You must also meet a minimum GPA and submit transcripts from previous post-secondary coursework.

In addition, students may be required to submit letters of recommendation, GRE or GMAT scores, consent forms, admission essays, resume or curriculum vitae.

MBA in Healthcare Administration and MSc in Health Administration

The MBA in Healthcare Administration prepares students to become leaders in the healthcare environment while teaching common business skills. The Master of Health Administration (MHA) prepares students for professional health administration roles in healthcare, clinical practice, public health and health policy sectors.

MBA in Healthcare Management Course

Financial management

In financial management courses, students learn about capital market theory, long-term investment management concepts, and legal and regulatory requirements. Courses typically cover working capital management, investment opportunity analysis, government regulation, financial planning, and long-term financing.

ethical leadership

The Ethical Leadership course provides a framework for evaluating ethical issues related to management and the decision-making skills necessary to resolve those issues.

Students examine basic ethical theories and concepts, the components of ethical leadership, codes of ethics, and related legal and regulatory requirements. Students develop policies, procedures, and practices that foster ethical and socially responsible behavior in their organizations.

Business management

The Operations Management course analyzes the relationship between operations management, operational efficiency, and overall performance. Students will learn the principles of supply chain management and their impact on various business operations. Course topics may include management methods, work system design, and inventory management.

marketing

Marketing courses explore marketing principles such as marketing research, segmentation, and consumer behavior. Students will learn marketing strategies related to products and services, promotions, sales, pricing and distribution channels. Discuss customer relationship management practices and learn how to launch effective campaigns and build customer loyalty.

MBA Career Options in Healthcare Management Graduate School

Medical and Health Services Administrator

Median Annual Income: $101,340

Projected job growth (2020-2030): +32%

Job Description: A Health Services Manager plans, coordinates, and oversees the provision of health care for an entire facility or department. They plan and manage clinic and program operations. These professionals also oversee the clinical team. Stay informed about relevant laws, policies and regulations governing clinical practice. Create departmental plans to address operational challenges.

Healthcare Sales/Marketing Manager

Average Annual Income: about $60,000

Job Description: A Healthcare Sales/Marketing Manager directs all sales and marketing activities for a healthcare organization. Use data-driven insights to develop marketing strategies and campaigns, increase community awareness, strengthen your organization’s brand, and achieve organizational goals.

Pharmaceutical project manager

Average Annual Income: about $95,000

Job Description: A pharmaceutical project manager oversees the research and development process for assigned projects and new drugs. They manage engineers, researchers, doctors and other professionals to deliver results on time and within budget. Their responsibilities include creating status reports, managing timelines, assessing project risks, and ensuring compliance with regulatory requirements.

General Manager of Health Insurance Operations

Median Annual Income: $101,340

Projected job growth (2020-2030): +32%

Job Description: The Health Insurance Operations Officer oversees health insurance programs across multiple service areas. These areas include account installation and implementation. Contract administration, registration and eligibility. Billing, Client Support. and complaint processing. Health plan operational leaders develop policies, procedures, and budgets to resolve issues within each area and support functional infrastructure.

MBA in Healthcare Management FAQs

What can I do with an MBA in Healthcare Administration?

An MBA in Healthcare Administration can lead to leadership positions throughout the healthcare industry. Graduates can work in the manufacturing of medical services, medical devices or pharmaceuticals and medical insurance.

MBA or MHA, which one is better?

This depends on your interests, skills and professional goals. The MBA is more versatile, providing students with skills relevant to medicine, non-clinical settings, and fields outside healthcare. The MHA prepares students for professional health care roles in healthcare administration, clinical settings, public health, and health policy.

Can an MBA in Healthcare Administration increase my salary?

Yes, an MBA in Healthcare Administration can lead to a salary increase. Please note that several factors affect salaries, including specialization, professional work experience, education, and geographic location.


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