Master of Business Administration - Healthcare Management
Median Salary: $84,270 (Bureau of Labor Statistics, 2013)
Employment Forecast: Healthcare Management roles are expected to grow 22% between 2010 and 2020 (Bureau of Labor Statistics, 2013)
Noteworthy: There are an estimated 303,000 Healthcare Management positions in the United States, and the number continues to rise.
What is Healthcare Management?
Health Care Management is the process of providing leadership for the administrative side of the medical field. Leaders in healthcare management must apply the principals of finance, accounting, strategic planning, organizational behavior and other business functions to the healthcare industry, as well as understand healthcare specific topics such as public policy, healthcare supply chains, and healthcare systems. Top job opportunities include:
- Group Practice Director
- Physician Relations Officer
- Health Office Management
- Hospital Service Coordinator
- Project Manager
- Hospital Purchasing Director
The Thomas College Advantage:
The Thomas College Master of Business Administration with a concentration in Healthcare Management prepares students for careers in a variety of healthcare leadership roles. Earning your MBA -HCM will diversify your skill set by exposing you to the managerial and leadership aptitudes of a Master of Business Administration, while simultaneously preparing you for careers in the Healthcare field.
The MBA-HCM is a 39 credit MBA program. Upon completion of the MBA-HCM degree program, students will:
- Identify and apply theories and processes related to management and finance in the field of health care
- Apply relevant health administration principles to real-world health care management situations, including the legal implications of health informatics, information privacy and information security
- Apply technology to solve complex problems in health care management
- Demonstrate ethics and professional responsibility in the health care field
- Manage health care supply chains and communicate and negotiate with internal and external resources
- Navigate the complex area of health care finance, insurance and reimbursement
- Apply strategic planning and decision making to health care organizations
Additionally, all MBA students will develop their skills and aptitudes in seven core areas:
- COMPETENCY: Students will demonstrate mastery of business theories, models, and tools, and apply knowledge in new and unfamiliar circumstances in order to solve concrete business and managerial problems
- CRITICAL THINKING: Students will demonstrate the ability to adapt and innovate in unpredictable business environments, systematically analyze uncertain situations, apply decision making theories, and adapt and innovate in the face of unforeseen events
- LEADERSHIP: Students will develop management and leadership skills adaptable for leadership in diverse business cultures
- GLOBAL BUSINESS: Students will be able to identify and analyze business problems from a global perspective
- LEGAL & ETHICAL: Students will apply legal and ethical responsibilities toward business scenarios and management decisions
- TECHNOLOGY: Students will demonstrate competency in utilizing information technologies and adapt technology to business scenarios and leadership decisions
- COMMUNICATION: Students will demonstrate the capacity to communicate with diverse groups and adapt communication styles to unfamiliar circumstances and unpredictable business situations
Click the links below to learn more about Healthcare Management, email firstname.lastname@example.org or call Cathy at 207-859-1102 for more information.
Applications for the Thomas College inaugural
MBA-Healthcare Management class are now being accepted.
Courses begin August 2013.