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You are here: Home / MBA / Value of an MBA Specialized in Healthcare Management

Value of an MBA Specialized in Healthcare Management

By Paul Mannet

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Hospitals and other medical facilities have evolved into very complex enterprises that have to make million dollar budget decisions on a regular basis. Nowadays they generally want business managers with specialized knowledge of the health care system to be in charge of everything from staff budgeting and insurance payment management to making decisions about whether or not a new diagnostic machine should be purchased for a particular department.

Demand for specialists with an MBA in Healthcare Management is likely to grow as new government programs, medical treatments and legal issues continue to emerge at a rapid pace, and as the U.S. population ages and demands more and more medical care. Many business managers already established in hospitals, in fact, are finding that their employers want them to go back to school for a health management MBA if they don’t already have one.

Medical Strategy & Finance
Some of the key topics you will be trained in with this type of MBA program include health law and ethics and a variety of organizational subjects like health care strategies, worldwide health systems and hospital financing. The goal is to gain a broad understanding of how to manage the interplay between medical care and finance, and to be deal with the relationships between all the key players in the hospital environment. It’s important to be able to work with patients, doctors, nurses, maintenance staff and the wide variety of social workers and other allied health practitioners who are involved in patient care today. Leadership, communication skills, dispute mediation and technology assessment are all important skills for a medical business director.

Job Functions & Salaries
Large hospitals tend to hire MBA healthcare management graduates to work in a central business office, where there’s little direct contact with patients. Becoming a business manager in a smaller hospital, health clinic or even a large medical office could give you more direct involvement in the issues that arise between doctors and patients. It’s a career specialty where you can earn anywhere from $50,000. per year to over $130,000., with a possibility of an even higher salary if you become one of the top two or three business managers of a very large hospital (Source: U.S. Bureau of Labor Statistics).

Some examples of job listings for someone with an MBA specialized in health care management:

  • “Director of health economics” at a hospital. Functions include doing regular in-depth analysis on the trends emerging at the hospital in medical costs, utilization of equipment and other resources, management of finances by various initiatives and working on the pricing of products for Medicare and other health insurers.
  • “Health data analyst” for a health insurer. Collecting and analyzing data that can be used by senior officers to make business decisions on how effectively costs and quality of care is being managed in the insurer’s network of customers. This is an associate-level position for someone who is relatively new to the industry.
  • “Director of health and wellness” for a medical insurance company. The job involves choosing and managing relationships with external vendors who are brought in to promote the company’s services. Oversight of the delivery of tools like cost calculators, quality comparison tools and secure messaging to end-users, and managing relationships among employees, regulators and accreditation agencies.
  • “Chief operating officer” for two hospitals owned by the same company. Position requires someone who can enable both hospitals to reach certain financial objectives by seeing to it that all departments achieve their individual goals. Involves analyzing the performance of patient rehabilitation centers, laboratories, diagnostic sections and even construction management. This is a very senior position that would require a good deal of experience.

Next: MBA in Project Management

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Southern New Hampshire University is an 80 year-old private school that has become well-known for career-oriented online education. It has been rated as the #12 most innovative “company” in the world by Fast Company Magazine, a rare honor for any school. As a not-for-profit, the school is under less pressure to institute big tuition hikes each year than some other schools. Many degrees are offered on an accelerated basis. Southern New Hampshire University offers online programs in:
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Colorado Technical University
CTU is a large institution based on Colorado Springs with over 25,000 students. It has regional accreditation and offers undergraduate, graduate, and doctoral degrees, primarily in business, management, and technology:
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Benedictine University
A Catholic private university located just outside Chicago, Illinois. The school, founded in 1887, describes itself as a “melting pot” of students from all religions, faiths and philosophies, and now provides a large number of business degree programs online.
Benedictine’s online programs include:
– Accelerated Master’s in Business Administration
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About Paul Mannet

Paul Mannet has worked for over 15 years in digital media as a publisher, business analyst and project director. His experience in higher education includes student recruitment work with The Chronicle of Higher Education, Blackboard, eLearners and with several leading online schools. He has also helped entrepreneurs gain funding from investors, and organized large business and tech teams to execute major website launches.
Contact me by email
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Search All Online MBA Schools

Purdue University Global
A large well-known school that has specialized in online teaching for many years. Purdue Global offers a large range of degrees at all levels, including MBA's in:
- Finance
- Information Technology
- Human Resources
- Marketing
- Project Management
Also offers several associate's and bachelor's degrees in business
Learn more about Purdue Global's degree programs

Southern New Hampshire University
Southern New Hampshire University is an 80 year-old private school that has become well-known for career-oriented online education. It has been rated as the #12 most innovative "company" in the world by Fast Company Magazine, a rare honor for any school. As a not-for-profit, the school is under less pressure to institute big tuition hikes each year than some other schools. Many degrees are offered on an accelerated basis. Southern New Hampshire University offers online programs in:
- MBA in Accounting
- MBA in Athletic Administration
- MBA in in Finance
- MBA in Criminal Justice
- MBAs and Business Associate and Bachelor degrees in many other specialties
Get information on Southern New Hampshire University

Colorado Technical University
CTU is a large institution based on Colorado Springs with over 25,000 students. It has regional accreditation and offers undergraduate, graduate, and doctoral degrees, primarily in business, management, and technology:
Learn more about Colorado Tech's online MBA degree

Benedictine University
A Catholic private university located just outside Chicago, Illinois. The school, founded in 1887, describes itself as a "melting pot" of students from all religions, faiths and philosophies, and now provides a large number of business degree programs online.
Benedictine's online programs include:
- Accelerated Master’s in Business Administration
- Dual MBA / MSN
- Dual MBA / Master of Public Health
- Master of Science in Accountancy
Get information on Benedictine University

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