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What Will I Learn With an Online MBA in Health Care Administration?

The pressure to contain costs while improving quality is transforming healthcare in the United States. Business leaders with industry-specific training are urgently needed to guide the country through this transition toward better patient and business outcomes.

Health services leaders with the qualifications to manage facilities and reform the industry are in short supply.

Specific Healthcare Leadership Training Is in High Demand

Students in the AACSB-accredited University of Louisiana at Lafayette MBA in Health Care Administration Program Online receive the extensive training needed to take on high-level administrative and executive roles in healthcare.

The program starts with foundation courses in accounting, economics, finance and quantitative methods to acquaint non-business graduates with business fundamentals. Core courses in managerial economics, policy formulation, analytical methods and others provide the specific expertise employers struggle to find. Concentration courses in healthcare law and healthcare economics as well as a real-world internship prepare you to make an immediate impact in the industry.

If you currently work in healthcare or desire a transition, your career outlook is exceptionally bright. According to the Bureau of Labor Statistics, the projected job growth for medical and health services managers is 18%, much faster than average, with 406,100 new jobs expected in the years 2018-2028.

Jobs Abound in Healthcare

Opportunities fall into four areas — administration and management, finance, public health, and informatics. Professionals in healthcare administer, plan, direct and coordinate health services in a variety of settings, including hospitals, medical offices, long-term facilities, urgent care centers and outpatient clinics. Graduates of specialized MBA programs also work in leadership positions for NGOs, government agencies, nonprofits, insurance companies, managed care organizations, pharmaceutical companies and accounting firms. 

There are a wide range of six-figure jobs in the field. Here are just a few:

  • Healthcare consultant. These professionals provide advisory services to healthcare institutions, including financial, legal and clinical guidance.

  • Hospital or medical office administrator. These professionals coordinate all of the functions and departments within a facility to ensure optimal performance. They work in a multitude of settings, from hospitals to managed care organizations.

  • Pharmaceutical brand or product manager. These positions determine how to cost-effectively spread the word to providers and patients about new drugs, equipment and other medical products.

  • Training and development manager. This role is responsible for developing and implementing training practices for healthcare professionals in diverse settings.

  • Health insurance specialist. These professionals meet with patients to discuss procedures for reporting claims to insurers and determining payment plans.

Opportunities are continually expanding for professionals who keep up with professional development, including new healthcare practices, technologies and regulations. Professionals with master's degrees, as well as administrative and/or clinical experience, are sought for leadership positions at the management and executive levels.

If the U.S. is to find solutions to the skyrocketing costs and lack of equal access to healthcare, graduates of specialized health care MBA programs will play a highly influential role.

Learn more about the University of Louisiana at Lafayette's online MBA with a concentration in Health Care Administration program.


Sources:

U.S. News & World Report: 5 Top Jobs for MBA Grads in Health Care

U.S. News & World Report: Online Master's Degree in Health Care Administration

Bureau of Labor Statistics: Medical and Health Services Managers

HealthcareAdministrationEDU.org: Hospital Administration Careers

Health Administration Degrees: Top Healthcare Administration Careers

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