Healthcare MBA

Healthcare MBA

One of the fastest growing industries today is healthcare. Healthcare currently makes up fifteen percent of the United States GDP and is growing at a rate that exceeds inflation. This growth means that more skilled managers with healthcare know-how are needed. Business schools have recognized this need and have strived to fill the gap by creating the Masters of Business Administration (MBA) in healthcare management.

Pursuing an MBA in Healthcare Management

In order to pursue a healthcare MBA, you must have earned a bachelor’s degree in a related field and have received a high score on the GMAT exam. Depending on the healthcare MBA program you select and the credits required, completing your degree could take one to three years. There are accelerated programs available if you choose to attend school full-time, as well as many part-time options, such as those schools which have classes meeting on the evenings or online.

Your healthcare MBA program might focus on traditional business courses before moving on to subjects related specifically to healthcare, such as behavioral and applied social sciences, biomedical sciences, and social policy. You may also have courses that discuss the strategies for clearing the many legal hurdles and issues related to insurance. The healthcare management MBA aims to provide the foundational knowledge required in an administrative healthcare position.

Graduating with an MBA: Healthcare Management Careers

The MBA in healthcare management is a strong credential that may assist you in exploring new career opportunities. As the healthcare industry rapidly becomes our nation’s second largest employer (after only the government), the manager’s role in healthcare organizations becomes more and more important. Healthcare MBA programs attempt to train graduates to be uniquely qualified to respond to the many issues and difficulties faced by hospitals, governmental agencies, medical practices, pharmaceutical companies, biotechnology firms, and both insurance and managed care companies. Graduates from healthcare management MBA programs often work as healthcare administrators, healthcare finance managers, health analytics directors, and in healthcare marketing.

With a rapidly aging population, healthcare is going to continue to be a popular field in the coming years. If you are already working in healthcare, the MBA in healthcare management is one way for you to try to advance your career. Do not hesitate. Start your new future with the healthcare MBA today!