MBAHealthCareManagement.org has been assembled to help potential graduate students to make a good decision about the type of healthcare-related degree to pursue, and where. The primary focus of this MBA healthcare management website is to tell you about the type of health care management MBAs are out there, as well as the best schools to attend.
An MBA in Healthcare Management – A Smart Investment
Healthcare management is a rapidly growing field, and there is little chance of it slowing soon. According to the Bureau of Labor Statistics, health care jobs will increase overall by at least 10% in the next decade.
The main reason is that as the baby boomer generation gets older and retires, the demand for health care services is increasing. Another reason is that technology is getting better all the time, so there are more advanced treatment options available than ever before. So, there are more healthcare organizations from hospitals to doctors offices that need to be run in an efficient manner. That is where a professional with an MBA in healthcare management comes in.
This advanced graduate degree will provide you with the advanced health care and business skills that you need to be a leader of a dynamic healthcare organization.
Top Jobs for MBA in Healthcare Management Graduates
Some of the best healthcare business jobs are available for those with a degree in this booming field. These top jobs include:
Hospital CEO – Hospitals must be run in a highly cost effective manner. As a CEO, you have to appropriately manage the finances and general operations of the healthcare organization. Managing and keeping electronic records also is vital. Median salary is $160,000 or more.
Hospital Administrator – You will work behind the scenes to make the health care organization work seamlessly. Many top graduates work as leaders in hospitals, nursing homes and outpatient centers, which are becoming more popular as hospitals cut costs. Be prepared to stay busy hiring doctors, developing comprehensive budget plans, and designing new QA plans. Median salary is $110,000.
Medical Practice Manager – Work on many of the same issues as a hospital administrator but in a smaller facility. You will do budgets, billing, hiring, and manage the entire staff. Also expect to work on legal and HIPAA compliance.
Pharmaceutical Product Manager – Manage the entire business side of a specific pharmaceutical product, including drugs or medical devices. Median salary is $92,000.
Top Demand Locations and Their Salaries
With your MBA in healthcare management, you will be able to command a good position with a great salary in some of the best places to live in the US. Some of the areas with the most demand for healthcare business experts include:
- Washington, D.C.
- Rhode Island
- New Jersey
- New York
Cities with excellent starting salaries for health care administrators and managers:
- Salinas CA: $$132,000
- Seattle WA: $117,000
- Burlington VT: $118,000
- San Jose CA: $121,000
Best MBA in Healthcare Management Programs
Whether you want to go to school online or on campus, there are many excellent programs from which to chose:
- University of Pennsylvania – Wharton
- Rutgers University
- Hofstra University
- UMass Amherst
- Northeastern University
- Baylor University
All of the above factors make it clear: Earning your MBA in healthcare management will provide you with excellent career options and salary potential. By reviewing the comprehensive information on this website, you should be able to make an informed decision about your healthcare career future.