What Is an Online MBA in Healthcare Management Degree?
Online Master of Business Administration (MBA) in Healthcare Management degrees are designed to merge the study of business management with a solid knowledge of the healthcare industry. Graduates are well-positioned to enter positions in management and administration in hospitals, doctor's offices, nursing homes, and other care facilities. MBA programs with a focus on healthcare management can be completed 100% online with no in-person component needed. Students can study on their own time, making it a highly flexible degree program.
The Best Online MBA Degree Programs in Healthcare Management and Administration
|School||Tuition*||Acceptance Rate||Graduation Rate||Financial Aid %||Placement Services||Career Services||Accepts|
|1||Tiffin University||$13000||69%||39%||100%||Yes||Yes||AP / ACE Credits|
|2||University of Cincinnati-Main Campus||$14468||77%||71%||75%||Yes||Yes||AP / NCCRS Credits|
|3||Ohio University-Main Campus||$9720||82%||65%||94%||Yes||Yes||AP / NCCRS Credits|
|4||Western Carolina University||$7414||69%||62%||85%||Yes||Yes||AP / ACE Credits|
|5||University of Southern Indiana||$10046||93%||50%||92%||Yes||Yes||AP Credits|
|6||Texas Woman's University||$7497||93%||43%||93%||Yes||Yes||AP / NCCRS Credits|
|7||Nebraska Methodist College of Nursing & Allied Health||$12105||97%||69%||100%||No||Yes||AP Credits|
|8||Central Michigan University||$17150||70%||61%||96%||Yes||Yes||AP / NCCRS Credits|
|9||Florida International University||$11106||58%||63%||90%||Yes||Yes||AP Credits|
|10||Southeast Missouri State University||$5959||86%||50%||96%||Yes||Yes||AP Credits|
|11||Davenport University||$15888||82%||49%||98%||Yes||Yes||AP / ACE / NCCRS Credits|
|12||Concordia University-Saint Paul||$8550||98%||51%||98%||Yes||Yes||AP / ACE Credits|
|13||Utica College||$22030||87%||54%||98%||Yes||Yes||AP / NCCRS Credits|
|14||University of Massachusetts-Lowell||$15160||73%||66%||90%||Yes||Yes||AP Credits|
|15||University of North Texas||$7788||74%||56%||82%||Yes||Yes||AP / NCCRS Credits|
|16||Youngstown State University||$6478||67%||41%||98%||Yes||Yes||AP / ACE / NCCRS Credits|
|17||University of Louisiana at Lafayette||$10148||68%||51%||96%||Yes||Yes||AP Credits|
|18||Minnesota State University Moorhead||$9540||65%||53%||93%||Yes||Yes||AP Credits|
|19||Our Lady of the Lake University||$17166||68%||42%||100%||Yes||Yes||AP / NCCRS Credits|
|20||Liberty University||$8400||51%||47%||99%||Yes||Yes||AP / NCCRS Credits|
|21||Brenau University||$13254||58%||46%||97%||Yes||Yes||AP / NCCRS Credits|
|22||Belhaven University||$10620||49%||50%||95%||Yes||Yes||AP Credits|
|23||Clarkson College||$11658||46%||38%||78%||Yes||Yes||AP Credits|
|24||Indiana Wesleyan University-National & Global||$11977||No Available Data (2019-2020)||38%||85%||No||Yes||AP Credits|
To get a more in-depth look at our school ranking methodology, please visit Study.com's ranking methodology page.
*Tuition information is based on published tuition and required fees, per data by the National Center for Education Statistics (NCES).
Why Should I Get an Online MBA in Healthcare Management Degree?
Students who wish to combine business and healthcare knowledge in their careers would enjoy pursuing an MBA in Healthcare Management. Healthcare positions in the U.S. are projected to increase in the future, which will provide job security to graduates in this field. That, along with above-average salaries, makes healthcare management and administration an appealing career option. Students interested more in specialized public health study may prefer a Master of Health Science.
How Long Does It Take to Earn an Online MBA in Healthcare Management?
Online MBA in Healthcare Management programs vary in length depending on the university but can usually be completed in 1-2 years. Students studying part-time will generally need more time to complete their degree. Online MBA in Healthcare Management students should usually dedicate 10-12 hours a week outside of class time to devote to reading and assignments. Due to the nature of this MBA, students typically do not need to complete a thesis or final paper.
Curriculum for Online MBA Programs in Healthcare Management
Like general online MBA programs, students will learn about finance, project management, and strategic planning. However, the healthcare management specialization includes courses outlining the structure and operation of the U.S. healthcare system. Business courses will have a healthcare focus that will allow students to seamlessly merge the two. Students will access course materials online through platforms like Canvas or Blackboard. Typically, materials are available at any time, and students have flexible due dates within specified time windows.
MBA in Healthcare Management Foundational Courses
Within MBA in Healthcare Management programs, the foundational courses relate to the business elements. There tend to be more courses focusing on accounting, finance, and project planning rather than healthcare. Students will study health classes within the elective modules.
Because no prior knowledge of business practices is assumed, students will undertake study of all the major aspects of managing a business. These classes will provide a solid basis for further study. The curriculum will include topics such as:
- Economics for managers
- Organizational behavior
- Financial management
Unlike other master's programs that culminate in a thesis or capstone, MBA in healthcare management programs don't generally require a final project.
MBA in Healthcare Management Specialist and Elective Courses
In online healthcare management MBA programs, the specialization is healthcare management and administration. Because of this, the core classes focus on the business side while the electives are health-related. Common classes may include:
- Health systems: provides an overview of the U.S. healthcare system, including private and public health
- Healthcare marketing: focuses on the theories behind marketing in the healthcare industry
- Health information systems: teaches the information technology (IT) side of healthcare information management, including the entry and storage of patient and organizational data
Licensure and Certification for MBA in Healthcare Management
Although most jobs for MBA in Healthcare Management graduates don't require licensure or certification, there are certifications that can be helpful. Health services professionals can pursue one of the following industry certifications:
- Certified Professional in Healthcare Information and Management Systems (CPHIMS) by the Healthcare Information and Management Systems Society (HIMSS)
- Certified Medical Manager (CMM) by the Professional Association of Health Care Office Management (PAHCOM)
The Project Management Institute (PMI) offers several different types of certifications for MBA in Healthcare Management graduates who wish to enter into project management.
- Portfolio Management Professional (PfMP)
- Certified Associate in Project Management (CAPM)
- PMI Scheduling Professional (PMI-SP)* Professional in Business Analysis (PMI-PBA)
- PMI Risk Management Professional (PMI-RMP)
- Program Management Professional (PgMP)
Admissions Requirements for Online MBA in Healthcare Management Programs
Online MBA in Healthcare Management programs generally require applicants to have a bachelor's degree from an accredited university. Typically, students with an undergraduate degree in any field can apply. Official transcripts must be submitted along with the other application materials. After completing an online application, some common supporting items include:
- Non-refundable application fee
- Curriculum vitae (CV) or resume which shows education and work experience
- Personal statement or statement of purpose demonstrating an interest in the program and future career goals
- Letters of reference from between 1 to 3 professional or academic sources
- Official GMAT scores
Applicants whose first language isn't English may need to submit language proficiency exam results such as the TOEFL.
Choosing an Online Healthcare Management MBA Program
Online healthcare management MBA programs give students a range of flexibility when choosing where to study. Because students aren't limited to universities nearby, many more possibilities open up. This can make choosing difficult; however, it may be helpful to consider the following:
- Cost: students should consider private vs. public universities. Private universities tend to charge one tuition rate for all online students regardless of residency. Public universities may charge online students similar to on-campus students: cheaper tuition for in-state students versus out-of-state students.
- Program length: online MBA in Healthcare Management degrees typically last between 1-2 years. Due to personal circumstances, students may wish to complete their degree in more or less time. Many programs can be completed on a part-time basis, while yearlong programs are more rigorous.
- Accreditation: students should choose carefully when it comes to accreditation. Accreditation can be done regionally or nationally, and it ensures a high standard of education. Students who do not attend accredited schools can't access U.S. federal financial aid and generally cannot transfer earned credits to other universities.
What Can I Do with an MBA in Healthcare Management Degree?
Students who complete an MBA in Healthcare Management generally enter roles in administration where they oversee operations and teams of people. They may work in the public or private sector. Some could go on to work in the government, while others might find themselves managing a busy medical practice. Typical workplaces are hospitals, clinics, and private doctor's offices. Common duties could include managing budgets, planning and developing healthcare projects, or organizing staff rosters and workflow.
Some titles MBA in Healthcare Management graduates have gone to assume include:
- Healthcare officer manager
- Health services manager
- Healthcare consultant
- Case manager
- Healthcare business analyst
- Healthcare project manager
Job Outlook for an MBA in Healthcare Management
Jobs for medical and health services managers are expected to grow by 32% between 2019-2029. There are currently 422,300 professionals working in this field. In 2029, there will be an estimated 133,200 more medical and health services managers working in the U.S. This growth, which is estimated to be much faster than all other occupations, is likely due to the aging baby boomer population, which will require more medical services. This influx of doctors, nurses, and other administrative staff to handle the increased demand will call for competent business managers who are well-versed in healthcare management. This means that MBA in Healthcare Management graduates will enjoy solid job security for the foreseeable future.
How to Become a Healthcare Project Manager
Healthcare project managers are in charge of projects in hospitals or other healthcare facilities. They oversee the planning and preparation as well as the implementation. Healthcare project managers may also conduct an analysis of the project outcomes to measure its success. They might manage several projects at one time and will need to interface with all other individuals involved. This means healthcare project managers will need to be highly organized and be effective communicators.
Individuals interested in becoming healthcare project managers generally need a minimum of a bachelor's degree in fields related to business or healthcare. They may also have an online healthcare management certificate. However, an advanced degree like an online MBA in Healthcare Management may lead to more opportunities. Graduates might also benefit from the Project Management Professional (PMP) offered by the Project Management Institute (PMI).
The BLS estimated that in May 2020, project management specialists earned a median yearly income of $77,420.
How to Become a Health Services Manager
Health services managers are responsible for overseeing the administration of medical services. They may manage an entire hospital or work within specialty areas or smaller private practices. Health services managers may hire and train staff, organize workflows, and handle financial matters such as budgets. These professionals also liaise with physicians, department heads, and other staff.
To become a health services manager, interested individuals need at least a bachelor's degree. However, many positions ask for a master's degree, and professionals in the field tend to have graduate-level education. Individuals in this position often have several years of experience in administrative or clinical roles. In certain positions, such as those in nursing home management, it's common for managers to have prior nursing experience.
According to the BLS, data from May 2020 suggests that health services managers made a median annual income of $104,280. The highest 10% made over $195,630 a year.
Common Undergraduate Degrees for MBA in Healthcare Management
Generally, students from all educational backgrounds are eligible to apply for MBA in Healthcare Management programs. Many programs require the Graduate Management Admission Test (GMAT) which is a standardized test which intends to measure skills like reading, writing, and quantitative reasoning. It is a common requirement for graduate management degree programs such as an MBA. Students with a background in business, finance, economics, or healthcare may feel better prepared to enter an MBA in Healthcare Management.
Post-Graduate Options After Completing an MBA in Healthcare Management
Master of Business Administration (MBA) programs are considered terminal degrees. Because of this, most MBA graduates do not go on to pursue a Doctor of Philosophy (PhD). However, students interested in research in healthcare administration may choose to change their path and enter a PhD program. PhD programs are available in fields such as health services research, healthcare administration, and healthcare policy. While online options do exist for these PhD programs, the majority are based on-campus.
Financial Aid, Scholarships and Grants for Online MBA Programs in Healthcare Management
Students who need help financing an online MBA in Healthcare Management may access federal financial aid, grants, or scholarships. U.S. federal student loans are a popular option for both undergraduate and graduate students. To apply for these loans, interested individuals must complete an online application called the Free Application for Federal Student Aid (FAFSA).
Grants are only available to students with substantial financial need. Grants can be awarded by private or public entities. Unlike loans, grants do not need to be repaid at any point.
Scholarships are another form of aid. They are available to any student who is eligible, even those without financial need. The Richard J. Stull Student Essay Competition is a scholarship awarded to undergraduate and graduate students pursuing a degree in healthcare administration. Students must submit an essay of up to 15 pages on a topic related to healthcare management, such as strategic planning, financial management, or law. First-place winners will receive $3,000, while second and third place winners will be awarded $2,000 and $1,000, respectively.