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The Advantages of
an MBA in Health
Care Management

Health care stands at a crossroads in the 21st

century. Innovative technology is beginning to
spread throughout the industry, leading to more
efficient and effective operations. But there’s a long
way to go before this transition is completed.

That’s why there is one area with high demand:

leadership.

Thanks to MBA programs that offer students the

chance to specialize, graduate students have the
opportunity to earn an MBA with a specialization in
healthcare or a doctorate of business administration
with a specialization in innovative health care.
Doing so can help prepare them for the challenges
facing health care leaders.

And there are many such challenges. A study

published in the American Journal of Medicine
found that health care needs a new generation of
leaders who are “honest, forward-looking,
inspirational, and competent.”

Why Choose an MBA in Health

Care?
An MBA provides health care leaders the business
skills needed to manage both the streamlining of
operations to save costs and increasing the quality
of patient care. A quality MBA program prepares
graduates for this role.

For example, the MBA program at Concordia

University Chicago prepares graduates to:

Understand and analyze health care

industry accreditation, regulatory, licensure,
and compliance issues
Apply and assess economic supply and
demand aspects of health care
Identify and evaluate the major financial,
management and political challenges
impacting health care and develop
strategies to improve health care delivery
Apply diversity, economic, ethical and
fiscal perspectives to health care
management decisions
Understand the use of technology in
making and evaluating data-driven
decisions

Business Skills of MBA: Health

Care Graduates
Some of the business skills that MBA graduates
bring to the table when entering the health care
industry include the following.

Finance.

The health care industry is moving to a value-based

payment system in which providers are paid based
on patient outcomes. MBA programs offer
education in areas related to this area, including risk
management, budgeting, financial investment and
workforce efficiency.

Management and Leadership Skills.

MBA programs focus on management theory and

strategy. This includes critical areas such as team
building, empathy and communication.

Process Improvement.

Skills in project management and process

improvement methodologies can be applied by
MBA graduates to health care operations. This gives
MBA graduates an edge in solving complex
challenges in the health care system.

High Demand for Health Care

Administrators
The number of health care administrators in the U.S.
will increase 20% by 2026, according to federal
government projections. An aging U.S. population,
and the growth of the overall population, are two the
main drivers of this trend, according to the U.S.
Bureau of Labor Statistics (BLS).

California, Florida, Illinois, New York, Ohio,

Pennsylvania and Texas are among the states
employing the most health care administrators. The
BLS reports that the annual mean salary for a health
care administrator position in 2017 was $111,680.

Possible Career Next Steps: DBA

in Health Care
Those wishing to reach the pinnacle of knowledge
and skills in business administration may seek to
earn a DBA. Such programs are especially aimed at
those who wish to focus on business challenges
while developing application-oriented research
skills.

For example, at Concordia University-Chicago, the

DBA program with a specialization in Innovative
Health Care gives graduates skills in:

Critically examining the literature of

business, leadership, and applied research
Undertaking independent, ethical,
innovative, and rigorous business research
Synthesizing global trends, business
knowledge and leadership theory
Designing and implement innovative
business solutions
Evaluating efficacy of business principles
to effect change in global environments

With demand high and online education offering

flexibility in how you earn your degree, earning an
MBA or DBA with a concentration in health care is
an attractive option for those who aspire to
leadership.

WHAT CAN AN MBA DO FOR A NON-

BUSINESS PROFESSIONAL?

HOW TO CHOOSE AN MBA

SPECIALIZATION THAT’S RIGHT FOR
YOU

DIGITAL MARKETING TRENDS FOR

2022

JOB OPTIONS FOR AN MBA IN SPORTS

MANAGEMENT

CURRENT CHALLENGES HIGHER

EDUCATION LEADERS FACE

WHY EARN YOUR MBA?

IS A DOCTORATE IN BUSINESS
ADMINISTRATION RIGHT FOR YOU?

3 CAREER OPTIONS TO PURSUE WITH

A MBA IN PROJECT MANAGEMENT

GOING GLOBAL: THE IMPORTANCE

OF INTERNATIONAL FINANCE

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