Master of Business Administration in Healthcare Management
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Why an MBA in Healthcare Management?
Declared as the nation’s largest industry in 2006 by the U.S. Bureau of Labor Statistics, the healthcare industry is constantly challenged by emerging technology, government regulations, ethical dilemmas and insurance considerations. These rapidly-changing factors pose complex questions for healthcare providers, patients, regulatory agencies, HMO’s and insurance companies, biotechnology and pharmaceutical firms, and other health-related businesses.
Specializing in both healthcare industry topics and practical business decision-making, healthcare administrators and managers are called upon to address these important issues and steer employers toward sound solutions.
Program highlights
The Healthcare Management concentration builds upon the core MBA business and management courses to provide specialized knowledge and expertise in modern healthcare issues, trends and tools, and their applications. Students will receive in-depth instruction in legal, ethical and compliance issues; healthcare finance; managed healthcare and insurance company operations; and the different types of healthcare service systems in the United States.
Graduates of the MBA – Healthcare Management
In order to productively solve healthcare issues facing modern providers and other industry-related businesses, the graduate of the Herzing University MBA – Healthcare Management online degree program should be able to:
- Understand healthcare as an industry and the various types of organizations that are active within it
- Recognize opportunities for development of healthcare services and the resources each will require
- Lead, motivate, and strategize with staff and community members of diverse cultural, educational and socio-economic backgrounds
- Analyze financial data
- Remain current on issues and innovations affecting the healthcare industry
- Mediate disputes and objectively consider solutions to problems without personal bias or prejudice
- Determine the personnel and resource needs of a healthcare organization
- Establish a professional network and identify resources for continued learning on effective management in a healthcare setting
- Direct departments and personnel toward meeting the unified goal of providing for a community’s healthcare needs
- Facilitate inter-departmental planning and strategy sessions
- Apply critical-thinking and problem-solving techniques to administrative issues
- Market the facility to the community and community leaders
Careers
Upon completion of this degree, graduates will have gained knowledge applicable to careers in healthcare finance, administration, marketing, policy and information management. Graduates of MBA programs with a Healthcare Management emphasis have transitioned from clinical practice to administrative roles, been promoted to a management or supervisory position in their current department, or moved to a larger department or organization with more opportunity for advancement.
Sample career titles include:
- Healthcare Administrator
- Healthcare Manager
- Program Director
- Controller
- Chief Executive Officer
- Chief Operations Officer
- Director of Development
- Compliance Officer
According to a May 2007 Bureau of Labor Statistics report, Healthcare Managers show annual earnings of:
Lowest 10% - below $46,860
Median - $76,990
Highest 10% - over $132,580
Factors such as geographic location, level of education, years of experience and size of employer will affect an individual’s salary.
Curriculum
| A minimum of 42 or 45 semester credit hours is required for graduation, depending on whether the student is exempt from taking MBA 500 Business Fundamentals. | |||
| MBA Courses and Descriptions | |||
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| REQUIRED MBA COURSES | |||
| All courses, 30 semester credit hours, are required. (If the student is not exempt from the prerequisite course, MBA 500, it must be completed before any 600 level courses are taken.) | |||
| Course Number | Course Name | Prerequisite | Credit Hours |
| MBA 500 | Business Fundamentals* | None | 3.0 |
| MBA 600 | Leadership and Organizational Behavior | MBA 500 | 3.0 |
| MBA 606 | Research and Decision Making | MBA 500 | 3.0 |
| MBA 615 | Marketing | MBA 500 | 3.0 |
| MBA 620 | Accounting for Managers | MBA 500 | 3.0 |
| MBA 626 | Information Systems and Technology | MBA 500 | 3.0 |
| MBA 631 | Operations and Project Management | MBA 500 | 3.0 |
| MBA 641 | Business and Labor Law | MBA 500 | 3.0 |
| MBA 345 | Finance | MBA 500 | 3.0 |
| MBA 690 | Strategic Planning | MBA 500 | 3.0 |
| MBA 691 | Graduate Capstone Project ** | Final course | 3.0 |
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| REQUIRED COURSES IN HEALTHCARE MANAGEMENT | |||
| The following courses, 12 semester credit hours, are required. | |||
| Course Number | Course Name | Prerequisite | Credit Hours |
| MBA 662 | Healthcare Public Policy and Corporate Compliance | MBA 500 | 3.0 |
| MBA 663 | Health Insurance and Managed Care | MBA 500 | 3.0 |
| MBA 664 | Healthcare Administration | MBA 500 | 3.0 |
| MBA 665 | Healthcare Information Management | MBA 500 | 3.0 |
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| Notes: * MBA 500 is an overview course that covers business practices across a number of disciplines. Students who have earned an undergraduate degree with a major or minor in business may petition for exemption from this course. **MBA 691 is taken in the last term and may be continued for a second term for 3.0 additional credits if the student’s final project warrants. |
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MBA - Student Information
 Program Data |
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| Program | On Time Completion Rate | Available Graduate Employment Rate | Median Loan Debt of Graduates | Estimated Program Cost | Average Hourly Salary of Graduates | O*Net Link |
| Master of Business Administration in Healthcare Management | No Data | 100.00% | $50,255.24 | $28,125.00 | $15.62/hr | Link 1 Link 2 |
Disclosure MethodologyStudents who prefer a shorter program may wish to consider the 33-credit Master of Business Administration online degree.