The healthcare industry is projected to add 2.3 million jobs between 2014 and 2024 according to the Bureau of Labor Statistics, reflecting a higher-than-average growth rate of 19 percent.1 An aging population, and the sheer number of people who have access to healthcare through insurance reform increased the demand for qualified executives to lead their organizations through change, improve efficiencies, maintain privacy laws, and advance growth.
Your MBA from the University of Delaware’s Alfred Lerner College of Business and Economics with either a concentration or a major in healthcare proves to companies you have the up-to-date skills needed to maximize this growth opportunity. This program, containing courses taught by faculty from both Lerner and UD’s College of Health Sciences, gives you a competitive edge in solving the critical issues facing healthcare today like:
- Healthcare reform
- Population-based care
- E-service delivery
- Patient experience
MBA Healthcare Management Jobs
Companies look for MBA graduates with a healthcare focus to fill their executive positions because they know you’ve mastered the most recent skills and tools available. In this rapidly changing industry, you’ll command a top salary with your healthcare MBA. Below are a few MBA in healthcare management jobs and salaries for you to consider.
|Medical and Health Service Managers|
|Average Salary: $94,500||Projected Career Growth: 17%2|
Healthcare executives and administrators, plan, direct, and coordinate medical and health services for an entire facility, a specific clinical area or department, or a medical practice for a group of physicians. In this role, you’ll be responsible for adhering to changes in healthcare laws and regulations, and conforming to technology. You’ll create a staff and a budget around the departmental goals you set to improve the quality of healthcare service delivery while managing the finances and records. Some specific titles you may look into are nursing home administrators, clinical managers, health information managers, medical practice administrator, healthcare systems manager, and quality service manager.
|General and Operational Managers|
|Average Salary:$119,4603||Projected Career Growth: 7%4|
As the general or operational manager of a healthcare facility, you’ll formulate policies, manage daily operations, and plan for how human resources can be used while also ensuring growth and efficiency projects are completed. It’s your responsibility to assess the health of an organization through financial data and client feedback to make sure you’re offering services that meet the needs of your clients. In some organizations, the tasks of chief executive officers may overlap with those of general and operations managers.
|Average Salary: $81,320||Projected Career Growth: 14%5|
The mandated changes in business practices for providers and insurance companies that came with healthcare reform, combined with an aging population, have sent healthcare costs soaring. Management analysts are being called up to better navigate these changes in a way that improves procedures, delivery of services and care, and profit. In this role, you’ll develop solutions or alternative practices and healthcare systems, and then monitor your suggestions after they are implemented to ensure they’re effective. You’ll continually analyze data, including revenue, expenditure, and employment reports, check in with personnel, and conduct onsite observations to determine the methods, equipment, and human resources needed to gain productivity.
What would you like to do next?
2 Medical and health service managers Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2016-17 Edition, Medical and Health Services Managers,
on the Internet at http://www.bls.gov/ooh/management/medical-and-health-services-managers.htm (visited November 15, 2016).
3 General and operational Managers http://www.bls.gov/oes/current/oes111021.htm.
4 Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2016-17 Edition, Top Executives, on the Internet at http://www.bls.gov/ooh/management/top-executives.htm (visited November 15, 2016).
5 Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2016-17 Edition, Management Analysts, on the Internet at http://www.bls.gov/ooh/business-and-financial/management-analysts.htm (visited November 14, 2016).