Become a leader in healthcare, America's fastest-growing career field.
According to the U.S. Bureau of Labor Statistics, employment opportunities in the healthcare industry are projected to grow 14 percent from 2018 to 2028.1 As the workforce expands and the business of healthcare becomes more complex, demand for leaders with advanced management and business administration skills will grow.
Healthcare Management MBA Jobs for Graduates
The Online MBA Healthcare Management program at Our Lady of the Lake gives you the knowledge to embrace this high-demand, high-paying opportunity. Graduates of this program will have the skills to lead in areas such as:
- Health services management
- Healthcare administration
- Group medical practice management
- Nursing home administration
- Hospital administration
With The Affordable Care Act and the number of newly insured individuals, the demand for health care service providers has exploded. There are a number of opportunities in healthcare management such as:
Health Services Management. The Health Services Management department oversees a clinical department or medical practice. They may even manage a small group of physicians. Daily responsibilities include managing the finances of the facility, leading administrative assistants, keeping patient records organized and developing ways to improve the quality of services. Medical and health service managers earn a median annual salary of $99,730, with employment opportunities expected to grow by 18 percent between 2018 and 2028 — much faster than average national job growth.2
Healthcare Administration. Healthcare Administration is responsible for overseeing public health systems, hospitals and hospital networks. Administrative duties include managing medical and billing records, as well as developing strategies for improved efficiency. Healthcare administrators earn a median annual salary of $69,153, with 25 percent earning a salary greater than $87,376.3
Group Medical Practice Management. Group Medical Practice Management's role is to provide patients with a high-quality care experience in an office setting with multiple physicians. Managing a group practice requires organization of all medical billing and patient information for all physicians in the practice. Medical and health service managers earn a median annual salary of $99,730, with employment opportunities expected to grow by 18 percent between 2018 and 2028 — much faster than average national job growth.2
Nursing Home Administration. These positions require extensive knowledge of gerontology and long-term patient care. Daily responsibilities include managing the finances of the facility, leading administrative employees, keeping patient records organized and developing ways to improve quality of services. Nursing home administrators earn a median annual salary of $74,428, with 25 percent earning a salary greater than $89,882.3
Hospital Administration. Hospital administrators oversee hospitals or outpatient clinics and manage all hospital personnel. They communicate pertinent information between medical staff, members of a governing board and other administration members. They serve as critical decision-makers for the entire organization. Hospital administrators, like healthcare administrators, earn a median annual salary of $69,153, with 25 percent earning a salary greater than $87,376.3
While healthcare laws are constantly changing and patient needs are becoming more critical, the demand for Healthcare Management is expected to grow exponentially.
Choose the Healthcare Management specialization and you will:
- Study finance, law, policy and leadership theory all specific to the healthcare industry.
- Understand management needs for public and private healthcare providers.
- Learn leadership strategies for managed care, Medicare and Medicaid.
- Prepare for healthcare leadership challenges on a global scale.
Online MBA Core Courses
MGMT 8334 – Management Theory and Decision-Making Processes
ACCT 8310 – Managerial Control Systems
MKTG 8305 – Marketing Strategies and Policies
CISS 8319 – Information Systems for Management
MGMT 8347 – Supply Chain and Operations Management
ECON 8305 – The Economics of Global Business Conditions
MGMT 8351 – Strategic Management Concepts and Processes
BLAW 8301 – Legal and Ethical Environment of Business and Global Decision Making
FINC 8329 – Corporate Finance
The MBA Core courses teach business leaders managerial best practices, high-level leadership principles and decision-making skills. Students will also have the opportunity to learn more about international markets and the strategies behind an organization. Throughout the program, students learn policy and economic issues that have an effect on business, and how to harness technology trends to gain valuable insights. The program is concluded with a capstone course that follows enterprise management and the different strategies used to exceed organizational goals.
Online MBA Healthcare Management Specialization Courses
HCMG 7304 – Management of Healthcare Institutions
HCMG 7380 – Managed Care for Commercial, Medicare and Medicaid Populations
HCMG 7325 – Healthcare Planning and Policy
Our Healthcare Management specialization includes courses on healthcare laws in the United States and other ethical issues in the healthcare field. The unique courses teach students about the different types of healthcare institutions and their health service delivery systems. The Healthcare Management program also educates business leaders on all the financial aspects including budgets, patient costs, managing information and the reimbursement process.
Begin Right Now
Start earning your fast and affordable online MBA today. To learn more about Our Lady of the Lake University's online MBA, the Healthcare Management specialization and what they can do for your career, call 855-275-1082 to speak with an admissions advisor or request more information today.
1U.S. Bureau of Labor Statistics (2019 September 4). Healthcare Occupations. Occupational Outlook Handbook. Retrieved October 11, 2019 from https://www.bls.gov/ooh/healthcare/home.htm.
2U.S. Bureau of Labor Statistics (2019 September 4). Medical and Health Services Managers. Occupational Outlook Handbook. Retrieved October 11, 2019 from https://www.bls.gov/ooh/management/medical-and-health-services-managers.htm.
3Burning Glass Technologies: Labor InsightTM. Retrieved October 11, 2019.