Healthcare Administration has a huge impact on how our healthcare organizations run behind the scenes.
What is Healthcare Administration?
What exactly do Healthcare Administrators do? While the medical staff are the ones that provide the direct patient care, it’s the healthcare administrators who work with insurance companies, create and maintain budgets, and direct the operations and systems of the organization. ExploreHealthCareers states that healthcare administrators can have responsibility for facilities, services, programs, staff, budgets, relations with other organizations and other management functions, depending on the type and size of the organization. Additionally, healthcare administrators can influence their communities through advocating for healthcare policies.
Why Should I Get an MBA in Healthcare Administration?
Professor Erik Hollander from Concordia University’s MBA program loves working in healthcare administration. He says, “In healthcare, you get the opportunity to work in an ever-changing field with a diverse group of people dedicated to helping others. If you’re a person who enjoys challenges, people, and variety, a career in healthcare administration could provide very rewarding experiences.”
Healthcare is a huge industry, and the Bureau of Labor Statistics projects a 32% rate of growth from 2020-2029. There is a lot of diversity in job descriptions and work environments. As the field continues to grow, there will be the need for innovative individuals to navigate business decisions in an ethical way.
But…Do I Really Need an MBA?
It depends on what your career goals are.
Professor Hollander says this: “In some cases, an MBA in Healthcare Administration may be a required element for advancement. But, for many who are on the job hunt or seeking a promotion, it distinguishes you from other candidates, provides valuable increased knowledge and skills, and demonstrates your commitment to learning and professional development.”
If you’ve determined if an MBA is relevant for you, and you know you’re passionate about working in healthcare, gaining expertise in the industry could set you apart for more opportunities to lead and to positively impact people within the healthcare system.
However, if you’re considering whether to pursue an MBA in Healthcare Administration or a Master’s in Healthcare Administration, this post can help you understand the differences between the programs.
What does an MBA in Healthcare Management look like at Concordia University?
The MBA in Healthcare Administration prepares you with the expertise you need to address the challenges that face our healthcare system. You can take courses online, in-person at our main campus in Mequon, WI, or at one of our off-site centers.
Prof. Hollander shared what sets apart Concordia University’s MBA program. He said, “Unlike other programs, our faculty is not full-time. We utilize practitioners who are experts in the field to instruct these courses. These instructors bring in the industry experience and additional knowledge that is value-adding for our students. Our instructors are respected content experts in their field. They apply their experience and knowledge from the office and field directly into the classroom experience. That you can’t put a price on.”
Outcomes: What skills will an MBA in Healthcare Administration give me?
In addition to working with experienced faculty, you can expect to grow in your understanding of healthcare organizations and how to work with insurance companies. This program will also equip you to handle the challenges that may arise with budgeting, human resources, and public policy issues.
Concordia’s MBA in Healthcare Administration is designed to equip you to make the most impact wherever you serve in the healthcare industry. Graduates leave this program with increased financial competence and strategic problem-solving skills, as well as stronger writing abilities. It’s true that hospital administrators often have to make challenging budget decisions. The MBA Core content will prepare you to handle the ethical dilemmas that can arise on the business side of healthcare.
“In healthcare, you get the opportunity to work in an ever-changing field with a diverse group of people dedicated to helping others. If you’re a person who enjoys challenges, people, and variety, a career in healthcare administration could provide very rewarding experiences.”
Are you ready for the next step?
The healthcare industry continues to change, both from an innovation and technology perspective, while the need for quality patient care is constant. If you’re ready to grow as a leader in an industry that demands resourceful, focused directors, reach out to one of our Inquiry Support Specialists to talk about what your future with an MBA in Healthcare Administration looks like.
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