Making the decision to return to school for an online MBA in healthcare management can change a student’s life, both personally and professionally. However, students often don’t know where to get started when beginning the process of researching schools. They often ask questions like: how do I know whether one program will be worth it? What resources are available for students pursuing an MBA in healthcare management? What will I learn as an MBA student? We know it can be difficult to find the answers to these questions, so we’ve developed this page to help you navigate the ins and outs of an Online Healthcare MBA. Check below to find the program that fits your goals today.
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Many students are eager to pursue an online MBA in healthcare management, but they often run into the same roadblock: how do they know which programs are best? There are a lot of factors that go into whether a school’s program is a cut above their competitors, including graduation rates, available student resources, and cost. Based on these qualities, we’ve gone through and made a list of the best online MBA in healthcare management programs to make your search process as easy as possible.
Making the decision to pursue a graduate-level program typically comes with a hefty price tag. We know cost can be one of the primary deterrents that prevent students from moving forward with their goals, so we’ve picked out some of the most affordable MBA in healthcare management programs from around the country, allowing you to focus more on furthering your education and less on the hit your wallet might take.
Understanding an Online MBA in Healthcare Management Program
So what makes an MBA in healthcare management such a worthwhile investment? This program is a great opportunity for students interested in pursuing an administrative career in a healthcare environment, training students to view key business through a public health lens. Students will learn the ethical, financial, and legal facets that act as the foundation for any medical practice, preparing graduates for leadership positions in a healthcare facility.
Common Specializations for an Online MBA in Healthcare Management
Some schools offer concentrations or specializations for computer science master’s degrees, such as artificial intelligence, data science, and web development. Choosing a concentration can also create more career opportunities after graduation.
Some students pursuing an online MBA in healthcare management are interested in further specializing their academics to fit one particular goal. Below are a few common emphases that students may come across when researching MBA in healthcare management programs.
Area of Focus
Careers This Concentration Prepares For
Executive MBA in Healthcare
An Executive MBA (EMBA) program is typically designed for students who already have several years experience working in the corporate world. With this in mind, curriculum focuses less on traditional MBA coursework–developing the solid foundational knowledge to be successful in a business environment–and more on applying already-known business skills to a new industry: in this circumstance, healthcare
Healthcare Administrator, Director of Assisted Living, Director of Emergency Facility, Hospital Chief Executive Officer, Healthcare Actuary
Global Healthcare Management
Many students are interested in studying how healthcare systems around the world function and relate to one another. A specialization in Global Healthcare Management allows students to explore these interests and expand their healthcare knowledge to a global scale
Global Health Economics Researcher, Global Operations Manager, Health Communications Specialist, Associate Director of Medical Information
A focus in Hospital Administration is perfect for students who are specifically interested in achieving a leadership position in a hospital setting. Many graduates from this emphasis go on to play key roles in maintaining a hospital’s day-to-day functions in terms of finance and organizational leadership
Director of Clinical Operations, Compliance Educator, Director of Human Resources, Medical and Health Services Manager
Students with a finance or accounting background may be interested in applying this knowledge to a healthcare environment. Students pursuing an emphasis in Healthcare Finance will learn to navigate the complexities of health insurance systems and proper accounting practices for medical and health settings.
Director of Finance for Physician’s Services, Healthcare Finance Manager, Health Plan Data Analytics Coordinator, Director of Third Party Financial Analysis
Online MBA in Healthcare Management Admission Requirements
Before applying for an online master’s Once you’ve found the program that seems to be the best fit for you, the next step will be to find out what specific requirements need to be accomplished before you’re allowed to put in your application. Check below to find a few admissions requirements that are commonly seen when applying into online MBA in healthcare management programs.
GPA: Many programs will require students to meet a minimum GPA for their undergraduate career. This may be an overall GPA, but some programs may also permit students to use their GPA from their most recent 60 college credits.
Letters of Recommendation: One of the best ways for a program to get to know their applicants is to hear from people who can vouch for a student’s work ethic. If an application calls for letters of recommendation, consider contacting professors you know well, particularly if they touch a subject similar to business or public health.
Professional Experience: MBA programs are often looking for students who are familiar with the professional workforce. If you haven’t yet met the necessary number of professional work experience years–2 or 3 years are common–you may need to hold off on applying and focus on working for a while.
Online MBA in Healthcare Management: No GMAT Requirement
More and more colleges and universities are moving away from standardized tests, including the GMAT. The GMAT, a four-part exam, requires intensive study and multiple test times. Some online programs, such as West Liberty University online MBA in healthcare management degrees, do not require GMAT or GRE scores.
Curriculum for an Online Master of MBA in Healthcare Management Program
An online master’s in computer science teaches some skills that build off existing knowledge and introduces some entirely new skills necessary for advanced careers. Students learn or refine skills through coursework, internships, and projects if required.
Healthcare Organization and Governance: Students will learn the principles and standards by which the healthcare industry operates, as well as the demographic, economic, political, and social factors that shape the healthcare field. Courses like these will commonly incorporate best practices for healthcare management to ensure a health facility is operating at its most efficient level
Healthcare Reform: A course in healthcare reform will review the current structure of the American healthcare system and how it came to be. Common subjects in classes such as these include cost and access to healthcare in the United States, prior efforts at reforming healthcare policies, and future trends in the American healthcare system
Healthcare Data Analytics: Proper data analysis plays a role in the success of any industry. Students enrolled in a healthcare data analytics class will learn to interpret data that informs healthcare facilities how they are able to improve preventative care, diagnostics, and clinical techniques.
Choosing a Quality (and Accredited) Online MBA in Healthcare Management
Accrediting agencies play a crucial role in ensuring an academic program is held to a certain standard and will help graduates achieve their intended goals. Important accreditation to be conscious of when researching online MBA in healthcare management programs is through the Commission on the Accreditation of Healthcare Management Education (CAHME) which is commonly found with high quality MBA and MHA programs.
Skills Gained in an Online MBA in Healthcare Management Program
Students who are looking into pursuing a graduate-level program are interested in making their resumes a bit more substantial. Below are some of the most important skills students develop in an online MBA in healthcare management program that can help them succeed in their desired career environment.
Administration and Management: Students will be able to exhibit a refined knowledge of common healthcare business and management principles, including leadership techniques, resource and finance coordination, and production techniques.
Judgement and Decision Making: Critical thinking skills are extremely important in this field. Students will learn to analyze situations, consider the pros and cons, and choose the most appropriate course of action.
Problem Sensitivity: It’s important for professionals in this field to be able to determine when there’s a problem, or if there are issues that are likely to arise. Being able to identify current or possible problems can help them effectively lead teams, mitigate issues, and course-correct as needed.
FAQs about Online MBA in Healthcare Management Program
Q: Is an MBA in Healthcare/Hospital Management good?
A: Yes, healthcare management is one of the fields that has a lot of demand, and managing healthcare facilities is in high demand. An MBA in healthcare management gets you ready to meet this high demand field.
Q: What is MBA Hospital Administration?
A: An MBA in Healthcare Administration is a field that deals with the administrative side of the healthcare facilities. Most people think about doctors and nurses when they think of healthcare facilities. While that is true, it is also true that healthcare facilities are run by administrative staff, and an MBA in Healthcare Administration gets you ready for such roles.
Q: Is an MBA in Healthcare Administration worth it?
A: Yes. Healthcare administration is one of the fastest-growing industries in the world. An MBA in Healthcare Administration readies you to meet that demand along with getting your candidature to stand out for growth and upward mobility.
How to Pay for an MBA in Healthcare Management Degree
Paying for an online MBA in healthcare management may seem daunting, but there are many opportunities for students to save on their degree costs.
Techniques for Paying for Your Online MBA
Take Advantage of Student Discounts Student discounts can take form in several ways, whether it’s showing your student I.D. for a discounted purchase, taking advantage of low-cost student housing for graduate students, or utilizing campus events and resources for free or low-cost food, entertainment, or networking opportunities.
Work-Study Programs These programs allow students to earn a set amount of money in exchange for work, generally helping students pay for their course materials or personal needs throughout their program. Check with your program to see if these types of work are available for online students.
Grants and Fellowships Grants and fellowships are a great option for graduate students who are actively pursuing a research-driven education. These awards give students a set stipend, monetary award, or annual salary while they research, work, and pursue their education.
Scholarships for Online Master’s in Healthcare Management Students
Scholarships are one of the best ways to help pay for your online MBA in healthcare management. Not only do they not need to be repaid, but they allow students to highlight their personal expertise and earn money that can be put towards their tuition, cost of course materials, or even personal expenses.
Tylenol Scholarship Who Can Apply:The Tylenol scholarship is open for students enrolled in medicine or healthcare degree programs, including those at the graduate level. There are 40 scholarships reserved for students in the U.S. and Canada, and candidates must have one or more years of school remaining to qualify. Amount: $1,000 – $10,000
Foster G. McGaw Graduate Scholarship Who Can Apply:This scholarship is designated for students in healthcare management graduate programs who are enrolled in their final year of school. Candidates are not required to be ACHE members, but preference will be given to those who are active Student Associates of the organization. Amount: $5,000
Corris Boyd Scholars Program Who Can Apply:This program was created to feature a healthcare leader who exhibits excellence, expertise, and is committed to diversity in the field. This program is open to minorities and students of color who are eligible within the AUPHA Online Directory of approved healthcare administration master’s programs, are full-time students, and hold a minimum GPA of 3.0. Amount: $40,000
Career and Salary Outlook for Online Healthcare Management MBA Graduates
Graduates of online MBA in healthcare management programs are more likely to join a highly competitive and professional job market for various environments, including hospitals, clinics, public health agencies, or similar agencies. While each individual graduate’s likelihood depends on their own drive, accomplishments, and interests, the below can give students an idea of what they can expect from this field’s job market, including the highest-paying and top-hiring states.
Professional Organizations for Online MBA in Healthcare Management Students
Networking and creating professional connections in the field is a great way to learn more about your field, meet peers and possible hiring managers, and give yourself an edge when entering the job market. These organizations typically host valuable networking events, host resources for continuing
Association for Healthcare Administrative Professionals: AHCAP is a nonprofit organization that hosts professionals in the healthcare management field. Members gain access to networking opportunities and AHCAP’s annual conference, several webinars at no cost each year, and reduced tuition for relevant continuing education opportunities.
Health Care Administrators Association: The HCAA works to support professionals in the field by hosting networking events, relevant educational opportunities, and advocacy for healthcare administrators for health and medicine roles. HCAA also hosts their own job board.
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