Students in medical management graduate programs are prepared to meet common problems encountered by medical executives, including issues in finance, accounting and human resources (hiring and training employees), and legal and ethical issues in the collection and maintenance of electronic health records. Coursework in healthcare laws and regulations prepare students to perform ethically and professionally as medical administrators and directors. Students might complete comprehensive examinations and participate in a practicum as part of their degree requirements.
These programs last a year to 18 months in length, with some programs available online. Applicants must have a bachelor's degree and hold either an M.D. or D.O. distinction.
Medical Management CEO
Medical management courses prepare students to meet the daily challenges of physicians in managerial roles in a healthcare services environment. Coursework in this program teaches physicians to act as administrators and managers while also fulfilling their duties as medical doctors. Courses in this degree program might include:
- Project management
- Healthcare marketing
- Financial management
- Human resource management
- Healthcare policy
Popular Career Options
Earning a Master of Medical Management degree can lead to a number of career opportunities for practicing physicians. Some popular career options for graduates include:
- Hospital administrator
- Medical director
- Chief medical officer
Employment Outlook and Salary Information
According to the U.S. Bureau of Labor Statistics (BLS), medical and health services managers, in general, could expect job growth of 32%, much faster than the average for all occupations, from 2019-2029. The BLS reported a median annual salary of $104,280 for medical and health services managers as of May 2020.
The Certifying Commission in Medical Management (CCMM) offers board certification as a Certified Physician Executive (CPE). In order to be eligible for board certification, applicants must hold an M.D. or D.O. degree, a license to practice medicine, three years of experience as a physician, and board certification in a specialty. Other requirements include 150 hours of medical management courses or a medical management degree, one year of medical management experience, and a letter of recommendation.
Doctors who wish to become hospital administrators can earn a master's degree in medical management, allowing them to manage the operations of their care facility while still performing their duties as doctors. Certification as a physician executive is available through the Certifying Commission in Medical Management.