MBA in Health Administration: Salary and Career Facts
A Master of Business Administration (MBA) in Health Administration can prepare you for a variety of careers in health services management. Continue reading about the curriculum for the degree program, as well as the job duties and earning potential for those who complete this MBA. Schools offering Health Care Administration degrees can also be found in these popular choices.
What Will I Learn in a Health Administration MBA Program?
A health administration MBA program combines two essential areas of study – business and healthcare administration. Business topics may include international business, financial management, accounting, business ethics, marketing, quality control and human resources. The healthcare focus of an MBA program covers information systems, ethics, medical law, health policy, healthcare economics, healthcare management, insurance providers and healthcare systems.
Some states require you to obtain licensure or certification to work as an administrator or manager of a healthcare facility. Check with your state’s medical board to discover if licensure is necessary to enter a particular occupation. To learn about certification as a registered health information administrator, visit the American Health Information Management Association website for more information (www.ahima.org ).
What Tasks Might I Do?
Not all MBA graduates become chief executive officers (CEOs) of major hospitals. Many health services management positions require similar skills, but don’t require you to publicly represent a healthcare organization. As a clinical manager, you may work in a clinic or hospital department, evaluating staff, developing budgets, schedules and records. You may also implement policies created by you, the medical team or a higher office. In larger organizations, you may work as part of a chief administrator’s team of assistants.
Other healthcare management positions may require you to oversee a group of physicians or specialists and their staff members. In a smaller office, this may mean supervising ten individuals; in a larger facility, you may manage upwards of 60 employees. Common tasks may include billing clients, managing databases, monitoring equipment repairs, contacting insurance companies or partnering with community outreach centers.
How Much Can I Earn?
According to the U.S. Bureau of Labor Statistics (BLS), the average salary for a health services manager was $90,970 in 2009 (www.bls.gov ). During that year, the top five employing industries for health service managers were hospitals, physicians’ offices, nursing homes, home care services and outpatient centers. The five highest-paying states for health services managers included Washington, Massachusetts, Rhode Island, New Jersey and New York.
To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below: