Florida Healthcare Management MBA Degrees

The Master of Business Administration (MBA) in Healthcare Management and Master of Health Administration (MHA) are graduate degrees that those planning to become senior managers in the healthcare industry want to have. This is because such degrees are considered to be indications of leadership skills and knowledge that are in demand in health care organizations. The usual subjects that are commonly found in these programs include issues surrounding the development of effective business strategies, management of the finances of the healthcare business, management of the information systems for healthcare, and so on. If you hope to take on a position of senior leadership in this field, then it is advisable that you complete either the MHA or the MBA in Healthcare Administration degree.

Salary and Job Outlook

The U.S. Bureau of Labor Statistics (BLS) has reported in May 2015 that the median salary of managers in the healthcare industry at the bachelor’s degree level was $94,500 per year. Meanwhile, those executives who have a master’s degree earned approximately $15,000 per year more. In Florida, there are about 11,860 healthcare managers. This is more than in states like Ohio and Illinois, but less than in states like California and New York. Their annual salary is $112,420. This is higher than in states like New Mexico and Oklahoma, but lower than in states like Alaska and California.

According to the BLS, executives employed in the healthcare industry will experience a 17% growth in employment opportunities from 2014 to 2024, which is much faster than the national average. It is believed that this is sustainable growth for the reasons that the population of the state is aging, just like in other states, and the population also has increasingly complex healthcare needs and demands. Another important reason is the Affordable Care Act, which caused organizations to look for managers who are able to minimize costs in the healthcare organization without compromising on quality of care.

If you want to study towards an MBA in Healthcare Management or an MHA, it is imperative that you find the right school for your specific needs. This can be done by evaluating the different options that are available to you. Below are the four best MBA in Healthcare Management programs available in Florida that you may want to consider. It is good practice to contact at least three schools before deciding which one to enroll in.

1. University of South Florida – Muma College of Business

The MBA degree offered by the University of South Florida (USF) is ranked 11th in public universities, and 32nd in the nation. The program teaches students to be both creative and analytical, focusing on working together with others. Students are taught by industry leaders, guest speakers, and world-class faculty.
The focus of the degree is on both analytics and on creativity. This means that while data is considered to be essential, the students are encouraged to look at new interpretations, methods, and forms at the same time. Put together, the degree program produces graduates who are highly competent in describing, predicting, and improving the performance of a business overall.

• Campus: Tampa, FL
• Type: Public
• Accreditation: SACSCOC
• Tuition: $467.34 per credit hour for Florida residents and $913.08 per credit hour for non-Florida residents
• Minimum time commitment: Flexible
• Online availability: No
• Degree requirements: GMAT/GRE, bachelor’s degree, professional work experience, community or volunteer service, TOEFL if applicable
• Programs: MBA Healthcare Management
• School Site: Tuition and Financial Aid

2. Florida Atlantic University – College of Business

The Master of Health Administration degree is the flagship program of the College of Business of Florida Atlantic University. However, the school understands that there are other methods of gaining an understanding of the principles of healthcare management. As a result, they have created the MBA Health Administration Specialization, for those who have a non-clinical background. Interestingly, where most universities have their foundation in the MBA, adding the healthcare element to it, the school approaches it from the opposite perspective.

• Campus: Boca Raton, FL
• Type: Public
• Accreditation: AACSB
• Tuition: $369 per credit hour for in state students, $1,024.81 per credit hour for out of state and international students
• Minimum time commitment: 43 to 55 credits
• Online availability: No
• Degree requirements: Bachelor’s degree, transcripts, GMAT/GRE, GPA of 3.0 minimum, TOEFL/IELTS if applicable
• Programs: Flexible MBA – Healthcare Administration
• School Site: Tuition and Financial Aid

3. Florida International University

Florida International University aims to teach students the business of healthcare. Every element of the course, which is business related, includes healthcare issues. Modern Healthcare ranked the Healthcare MBA program 1st in both 2015 and 2016, which shows the strength of the curriculum. Students learn from healthcare executives with whom they can network and build relationships. A number of key features of the program are:

◦ Interaction with senior executives in healthcare and world-class faculty
◦ Interaction with fellow students to build lasting relationships
◦ Focus on Lean Six Sigma (LSS) certification, presentation skills, Excel fundamentals, communications, and team building
◦ Ability to learn alongside a full time job by taking part in Saturday classes and online learning
◦ Opportunity to take part in an Advance Certificate in Global Healthcare Administration by traveling abroad
◦ Being able to put the degree towards a Medically Related Advanced Degree or the American Medical Association PRA Category 1 Credit

• Campus: Miami, FL
• Type: Public
• Accreditation: CAHME, AUPHA, AACSB
• Tuition: $48,689.46 for the program for Florida residents and $50,689.46 for non-Florida residents and international students
• Minimum time commitment: 18 months
• Online availability: No
• Degree requirements: Two years’ working experience, undergraduate degree, GPA of 3.0 minimum, transcripts, resume, two letters of recommendation, TOEFL/IELTS if applicable, proof of residency for Florida residents
• Programs: Healthcare MBA
• School Site: Tuition and Financial Aid

4. Florida Institute of Technology – Nathan M. Bisk College of Business

Those who attend the Florida Institute of Technology (Florida Tech) to complete a Master of Business Administration in Healthcare Management degree are respected all over the country for their extensive knowledge on real-world business environments. Graduates are prepared to embark on careers within the health care industry. Possible careers include chief marketing officer at insurance companies, finance directors in service agencies, hospital CEO, and more. The degree focuses on information management within a medical world. As a result, the curriculum includes subjects, such as Healthcare Marketing, Healthcare Planning, and Legal Aspects of Healthcare.

The Nathan M. Bisk College of Business, meanwhile, has placed leadership, ethics, diversity, and innovation as the cornerstones of all their educational programs. Hence, Florida Tech MBA graduates are known for their wide-ranging skills in various fields, such as organizational behavior, marketing, finance, economics, and accounting. Additionally, they are experts in understanding how different business functions are related to each other. They are corporate leaders with excellent decision-making skills.

Students take part in classroom instruction, but they also interact with successful entrepreneurs and business leaders who will provide them not just with class lectures, but also with public talks and mentoring opportunities. This means students learn directly about the types of job opportunities that are out there for them, as well as their earning potential. Because Florida is one of the highest paying states for healthcare managers, this is one factor that is often of particular interest.

• Campus: Melbourne, FL
• Type: Private
• Accreditation: AACSB
• Tuition: $ 1,241 per credit hour
• Minimum time commitment: 36 credits
• Online availability: Yes
• Degree requirements: Bachelor’s degree, transcripts, letters of recommendation, resume, statement of objectives, GRE/GMAT, TOEFL if applicable
• Programs: MBA Healthcare Management
• School Site: Tuition and Financial Aid