New York Healthcare Management MBA Degrees

The degree programs known as the Master of Business Administration (MBA) in Healthcare Management and Master of Health Administration (MHA) are designed for those who want to learn more about managing the business side of the health care organization. Hence, the curriculum for these programs is varied and diverse, but it will always include topics surrounding the development of leadership strategies, management of the healthcare system, management of the finances within the healthcare organization, administration of healthcare information systems, and so forth. If you hope to take on a position as senior manager in the healthcare industry, then it is important to obtain either the MHA or the MBA in Healthcare Administration. In so doing, you will become an effective leader in this important field.

Salary and Job Outlook

The U.S. Bureau of Labor Statistics (BLS) has reported that the median wage for healthcare managers who havee bachelor’s degrees was $94,500 per year when they surveyed in May 2015. However, those with a master’s degree usually earn around $15,000 per year more. In New York, there are approximately 26,810 healthcare managers. This is the highest in the country after California. Their annual salary is $128,470. This is higher than in all other states, except the District of Columbia.

According to the BLS, executives working in healthcare organizations can expect a growth in demand of 17% between the years 2014 and 2024. This rate is much faster compared to the national average. Such a rapid growth in demand is expected to continue for quite some time because the population of the state is aging, which may also be said for the rest of the country. Moreovr, the population also has increasingly complex healthcare needs and demands. Lastly, the implementation of the Affordable Care Act has caused a significant rise in the need for executives who can reduce costs in the healthcare industry without causing a decline in the quality of care.

If you want to complete such a graduate degree, it is vital to locate the appropriate college or university by carefully examining the various options. Below are the five best MBA in Healthcare Management programs available in the state of New York that you may want to take a look at. Make sure to contact at least 3 schools to provide you with a realistic feel of being a student in those schools.

1. Oswego State University of New York

Oswego State University of New York understands how dynamic the field of health care is, and how quickly it is growing. They have designed their MBA program around this, enabling students to be educated by award winning faculty and by facing practical, real life problems. The curriculum is very flexible, enabling students to enjoy not just the core courses, but follow their own passions as well. The foundation, which is 21 hours in length, includes accepted business principles, concepts, and skills.

• Campus: Oswego, NY and Syracuse, NY
• Type: Public
• Accreditation: AACSB
• Tuition: $600 per credit hour
• Minimum time commitment: Between 45 and 66 credit hours
• Online availability: Yes
• Degree requirements: Transcripts, GPA of 2.6 minimum, GMAT of 500 minimum, business essay, purpose statement, resume, two letters of recommendation
• Programs: Health Services Administration MBA
• School Site: Tuition and Financial Aid

2. Baruch College – Zicklin School of Business

Baruch College offers an Executive MBA in Healthcare Administration dedicated to those who are already professionals within the health care industry. This particular program is the only one in the New York City metro area that has both AACSB and CAHME accreditation. Graduates are respected for their ability to properly manage the complex field of health care.

Graduates are respected for being flexible enough to cope with the way healthcare is changing, while at the same time being able to work in a range of different settings. Baruch alumni have found a range of different healthcare organizations, which reflects the breadth of the curriculum as well.

• Campus: New York, NY
• Type: Private
• Accreditation: CAHME, AACSB
• Tuition: $67,000 for in state residents and $85,500 for out of state residents
• Minimum time commitment: 49.5 credits
• Online availability: No
• Degree requirements: Full time experience in health care, bachelor’s degree, GMAT/GRE, two letters of recommendation, transcripts, TOEFL if applicable
• Programs: Executive MBA in Healthcare Administration
• School Site: Tuition and Financial Aid

3. St. Joseph’s College New York

St. Joseph’s College offers an MBA in Health Care Management that is part of the highly successful and popular graduate management studies program. It is designed for working professionals who want to become senior leaders in the field of health care.

The degree program was created in response to the needs of students, providing a business foundation specific to the field of health care, including current and historical, social, political, managerial, regulatory, legal, and financial issues.

The program is very flexible, with students attending classes on Saturdays and weekday evenings every other week. The program focuses strongly on social responsibility and ethical behavior, including workplace diversity.

• Campus: Brooklyn, NY
• Type: Private
• Accreditation: MSCHE
• Tuition: $899 per credit
• Minimum time commitment: Two years
• Online availability: No
• Degree requirements: GPA of 3.0 minimum, two letters of reference, resume, written statement, verification of employment, transcripts, GMAT, TOEFL if applicable
• Programs: Health Care Management MBA
• School Site: Tuition and Financial Aid

4. Molloy College

At Molloy College, students can take part in the MBA Healthcare program that allows to access jobs in industries such as hospitals, consulting firms, organizations, insurance, pharmaceuticals, and a range of other institutions. Each of these requires specialists who understand the changing face of the healthcare industry as a whole. The healthcare concentration offered at Molloy College follows the core curriculum of the regular MBA, but adds certain courses, such as:

◦ Accounting for healthcare professionals
◦ Economics evaluation in healthcare
◦ Healthcare finance
◦ Healthcare organization and delivery
◦ Healthcare marketing
◦ Healthcare capstone/strategy

• Campus: Rockville Center, NY
• Type: Private
• Accreditation: CAAHEP
• Tuition: $1,065 per credit
• Minimum time commitment: 36 credits
• Online availability: No
• Degree requirements: Bachelor’s degree, transcripts, essay, GPA of 3.0 minimum, three letters of recommendation, business experience, personal interview
• Programs: Healthcare MBA
• School Site: Tuition and Financial Aid

5. Dowling College

Dowling College offers a Master of Business Administration in Health Care Management degree. This program has been created to meet the changing demands of the health care industry. The objective is to ensure graduates are able to apply the fundamental concepts of health care management to real world situations, including decision making during those conditions that have little to no structure. Graduates are highly respected for their ability to understand the social, ethical, and financial consequences of the changing face of health care around the world. Students choose to either complete a thesis, a management simulation, or an internship to complete their degree.

The degree program effectively combines the business skills of the MBA with the technical skills needed for health care. This is what sets the program apart from others. It is believed, according to the Long Island Business News, that there will be a 14% growth in demand within Long Island’s health care industry. It has hundreds of different facilities within its border, all of which require the skills of someone with an MBA in health care management.

• Campus: Long Island, NY
• Type: Private
• Accreditation: IACBE
• Tuition: $1,220 per credit hour
• Minimum time commitment: 36 credits
• Online availability: No
• Degree requirements: Transcripts, GPA of 3.0 minimum, two letters of recommendation, resume
• Programs: Master of Business Administration in Health Care Management
• School Site: Tuition and Financial Aid