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Healthcare is the fastest growing area of the U.S. economy according to the U.S. Bureau of Labor Statistics (BLS), which projects that nearly 4 million new healthcare and social service jobs will be added by 2026. This rapid growth continues to drive demand for qualified healthcare managers and administrators who are equally adept in business theory and healthcare-related strategies.
While this field offers many opportunities for highly trained professionals, today’s healthcare leaders also face numerous challenges. These include improving the efficiency and quality of healthcare, working with rapidly evolving technology, complying with changing government and industry regulations, and meeting the rising need for healthcare services. The online MBA with a Health Care Management Specialization from Concordia University Chicago equips healthcare professionals with the skills and knowledge needed to address these challenges and improve organizational and patient outcomes.
Delivered in a 100% online format, the online healthcare management MBA program focuses on leadership and innovation to support healthcare executives in achieving and maintaining the highest standards of excellence. This online healthcare management degree will help students:
- Master the knowledge and skills needed to address the complexities of today’s healthcare industry.
- Obtain a comprehensive business education in human resources, finance, information systems and patient care.
- Leverage healthcare expertise and business strategies to elevate day-to-day operations.
- Gain an in-depth understanding of the laws and regulations that govern healthcare organizations.
Concordia University Chicago offers a variety of specialized MBA degrees in many disciplines and industries. The online MBA with a Health Care Management Specialization is designed for healthcare and business professionals who aspire to roles of increasing responsibility in hospital, clinic and healthcare system administration.
This online healthcare MBA covers all 12 courses featured in the core MBA degree program, plus four additional classes that delve into specialized healthcare topics:
- Healthcare Systems I
- Healthcare Systems II
- Healthcare Finance and Economics
- Public Policy in Healthcare
Students must complete 48 hours of online coursework to earn an MBA with a Health Care Management Specialization from Concordia University Chicago. The academic calendar features three 16-week semesters per year, with each semester comprised of two consecutive eight-week terms. Depending on whether students opt for a standard or accelerated degree plan, the online healthcare MBA program can be completed in roughly one to two years.
To be considered for admission into the online accounting MBA degree program at Concordia University Chicago, students must have earned a bachelor’s degree from a regionally accredited institution. Complete and submit all required admission materials as follows:
- Objective Statement – Write a brief essay outlining your education and career goals and explain how an MBA degree from Concordia University Chicago will help you fulfill those objectives.
- Official Transcripts – Provide one official, sealed transcript from each institution that has granted you a degree. Full admission requires a cumulative grade point average of 3.0 or higher for master’s degrees.
- Letters of Recommendation – Send two letters of recommendation from individuals who are able to comment on your academic proficiency, professional competencies and personal character.
- Professional Resume – Provide a copy of your resume or curriculum vitae, including relevant work experience, degrees, certifications, and skills.
International applicants may be required to submit additional supporting materials, such as proof of English language proficiency and a foreign transcript evaluation from an approved credentialing service. For full requirements, visit the Admission & Tuition page.
There is no application fee and no GRE requirement to apply for the online MBA program at Concordia University Chicago.
MBA, Health Care Management Specialization: 48 Credit Degree Program
Total Core MBA Credits – 36
Health Care Management Specialization Courses
MBAH 6650 3 credit hours
An overview of health care systems focusing on the role of values, assessment of health status and analysis of need, access and use of services, supply, demand, and distribution of health resources, analysis of health care costs, and expenditures.
MBAH 6655 3 credit hours
Examination of the private and public financing of health services, quality of care assessment, control of quality and costs of care, professional self-regulation and compliance, leadership and administration approaches, and government regulations and system reform.
MBAH 6660 3 credit hours
Issues in health finance, particularly as these impact health care administration, health policy, policy formation, and population health. Microeconomic and macroeconomic considerations. Prerequisites: Healthcare Systems I and II.
MBAH 6665 3 credit hours
Issues related to U.S. Public Health and allocation of resources. Local, state, regional, and national public health funding and policy. Examination of health policy on health education and promotion, medical service and practice. Prerequisites: Health Care Systems I and II.
BLS estimates project that by 2026, employment of medical and health services managers will increase 20%, which is nearly three times the average growth forecast for all occupations.
Though some professionals enter the field with a bachelor’s degree, most employers prefer that candidates for leadership positions have a healthcare management master’s degree. Those who have completed an online healthcare MBA program can prove they have expert-level knowledge of healthcare systems and modern business practices, which makes them uniquely qualified for key management and administration roles at medical facilities.
Earning an online MBA with a Health Care Management Specialization can position graduates for coveted managerial and executive roles:
- Hospital CEO
- Healthcare System CFO
- Hospital Administrator
- Head of Quality Improvement
- Healthcare Association Director
- Healthcare Consultant
Salaries in this field can vary widely depending on the exact job title, location and type of medical facility. As of May 2017, BLS records show that the median pay for all medical and health services managers was $98,350, according to federal government numbers. The top 10% of healthcare managers and executives earned more than $176,130.
Qualified healthcare leaders should continue to remain in high demand, particularly in light of projected industry growth over the next decade. Earning an online MBA with a Health Care Management Specialization prepares graduates to meet that demand and take on critical leadership roles in this growing and rewarding profession.
An MBA Certificate is can benefit you if you are looking to enhance your business career with a broader scope of skills. Our MBA Certificate in Health Care Management will provide you with:
- Leadership skills unique to health care organizations
- Critical thinking skills
- Fundamental business analysis skills
If there is no interruption in your course of study at Concordia University Chicago, you are guaranteed there will be no increase in tuition rates. Contact us to confirm the current tuition and fees for the online healthcare MBA degree. Students who enroll in the MBA program as a degree candidate are eligible to apply for federal financial aid.
Active-duty military service members, veterans and eligible dependents can take advantage of financial programs available to assist in paying for a college education. For more information, please visit our website.