What You Should Know About This Degree
When considering a healthcare career, it’s important to understand the difference between healthcare administration and healthcare management, two terms you may see used interchangeably. Healthcare management combines business and healthcare, which is why an MBA is a smart choice for those looking to enter or advance in the field. You will learn the business of running a healthcare facility, including financial planning, reimbursement systems, marketing, information technology, and leadership. If you prefer to be involved with day-to-day responsibilities, a degree in Healthcare Administration might be the better path.
Although all of the coursework for our listed programs can be completed online, some programs require students to participate in occasional on-campus meetings, or complete an internship experience that requires in-person attendance. Be sure to find out if your program of interest has any of these requirements, and if they will fit into your schedule and budget.
Once you complete your degree, you will need to pass a certification exam to be eligible for most employment opportunities. Multiple agencies offer certification, and certain specializations, such as accounts management or information technology, require specific certifications. Additionally, individuals working in nursing care facilities must obtain a state-issued license. Find out if your program complies with your state’s licensing requirements.
Here are some questions to ask when researching MBA in Healthcare Management programs:
- Am I eligible for this degree? Admission requirements vary by program, but many expect students to have an undergraduate degree in a business-related field, or some business-related coursework. Some programs allow students to complete foundational business courses prior to entering the program if needed.
- Does this program offer a dual degree or concentration? There are a number of areas of specialization within healthcare management such as information technology, accounting, and human resources. Some programs offer concentrations or dual degrees in these areas. If you are interested in a specialization, find out if your program of interest offers that option.
Once you have identified the programs that interest you, research their application deadlines and admissions requirements. This information is typically available on the program’s webpage; you can also contact the program directly.
Funding your graduate education is another important consideration. Talk with the programs about their scholarships and financial aid opportunities. If you are already employed in the healthcare field, find out if your job offers any kind of tuition remission or reimbursement benefits.