As a working healthcare professional, you know first-hand that there is more to the medical industry than just doctors seeing patients. You also may understand what it takes to help run a successful healthcare organization. If you are looking to boost your profile and move into a leadership role, a Master of Business Administration may be your best bet. Consider an MBA with healthcare concentration, which offers specialized instruction in four areas:
1. Healthcare Finance
An online MBA in healthcare finance can help you understand the nuances of U.S. healthcare spending, such as how American consumers pay for hospital care, physician services, long-term care, prescription drugs, and other medical services and products. You can also examine how other countries spend money on healthcare while developing your expertise in financial analysis, decision-making, healthcare payment methods, budgeting, healthcare policy and regulation. Graduates of the online MBA program in healthcare finance can lead and manage financial operations at medical clinics, hospitals, healthcare networks or other facilities. Career possibilities include actuary, controller, financial manager or chief financial officer.
2. Healthcare Administration
An online MBA program with a concentration in healthcare administration is ideal for those who want to lead and manage a medical practice, hospital or healthcare network. You can cultivate critical skills in accounting, marketing, economics, management and information technology and learn new concepts in corporate ethics, social responsibility, healthcare policy and global health. An online MBA in healthcare administration could help you get a job in one of the fastest-growing professions in healthcare.
3. Healthcare Operations
Healthcare operations are the administrative, financial, legal and quality improvement functions that help an organization run effectively and support patient care. An online MBA program with healthcare operations concentration can prepare you for duties related to quality assessment, case management and care coordination, employee training and evaluation, and accreditation and certification of healthcare practitioners. An online MBA with healthcare operations concentration could lead to positions such as chief operating officer, chief executive officer, nursing director or departmental manager, among others.
4. Healthcare Policy
According to the World Health Organization, health policy refers to decisions, plans, and actions taken to achieve specific healthcare goals within a society. Healthcare professionals who understand — and keep up with — changing policies and regulations are vital to their organizations. In an online MBA program with healthcare policy concentration, you will learn how the law applies to healthcare and gain skills in organizing, managing and regulating the delivery of healthcare services.
An online MBA program offers flexible start times and ’round-the-clock access to coursework and assignments. Pursue the healthcare concentration that is right for you.
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