Looking to make a smart career move? You may want to consider the field of medical and health services management.
Employment prospects for medical and health services managers are promising. Considering salary alone, the U.S. Bureau of Labor Statistics (BLS) reports a median wage of $96,540, for medical and health services managers.
What does it take to become a health care manager? The BLS reports that a master's degree is common and may be preferred for medical and health services managers. In addition, U.S. News & World Report points out that a master's in a relevant program can "open the door to more opportunities."
What if you are not willing or able to put your life on hold to earn a master's degree? An online program may be the answer. The University of Cincinnati (UC), for example, offers a fully online Master of Business Administration (MBA) with a Health Care Operations concentration. You can choose from several start dates to find one that suits you best.
Why Consider a Career in Health Care Operations Management?
The BLS predicts that the category of medical and health services managers will add 17 percent more jobs between 2014 and 2024, at almost three times the overall rate for management occupations.
The reason? The Baby Boomer population is aging and will remain more active later in life. This demographic trend translates to a greater demand for medical services and, therefore, an increased need for people to manage hospitals, medical group practices, nursing homes and other health care facilities.
In more good news, the medical and health services managers profession ranks in the top ten of a U.S. News & World Report list of Best Business Jobs. This ranking considers salary, job market and future growth. It also factors in stress (quality of life) and work-life balance.
How Can You Become a Health Care Operations Professional?
UC's MBA with a Health Care Operations concentration prepares graduates for careers in this high-growth field. With an emphasis on strategic leadership and evidence-based decision-making, this program helps students develop the following:
- Essential business skills (such as accounting, economics, finance and marketing).
- Tools for improving organizational frameworks.
- A systematic approach for evaluating health care systems.
- Knowledge of information technology, including health care applications.
- An understanding of ethics and the law, including from a health care perspective.
What Careers Can You Pursue with an MBA in Health Care Operations?
Medical and health services managers, such as those in operations, can find high-level positions in diverse health care environments. The largest employers, according to the BLS, are hospitals, health practitioner's offices, nursing and residential care facilities, home health care services, and government.
There are many career possibilities for health care operations professionals with the right training and education:
- Chief Operating Officer (COO).
- Primary Care Operations Manager.
- Clinical Operations Manager.
- Project Manager: Practice Operations.
- Regional Manager of Operations.
- Operations Manager, Urgent Care.
- Clinical Operations Analyst.
- Director, Health Plan Operations.
- Health Care Operations Consultant.
Clearly, for those with an interest in the business side of health care, this MBA can pave the way to a rewarding career. But the value of this professional degree goes beyond excellent job prospects and higher wages. A program such as UC's MBA with a Health Care Operations concentration can prepare graduates to make a difference, as they lead organizations in providing quality care.
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