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Why Earn an MBA in Health Care Management?

Transform Your Career

Explore your career’s next big move. Let’s find the right program that fits your goals.

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Stable employment, a reasonable salary and work can make a difference in the lives of others.

If you care about these things, you should consider an MBA in health care management.

At Concordia University Chicago, we make achieving your MBA in health care management online easy to attain. With our flexible, online classes, you can fit your coursework into your schedule, have easy access to professors, and learn with others in real-world settings.

What is an MBA in Health Care Management?

Health care management classes combine health care strategy and operations leadership with business management abilities. You’ll take courses in the health care arena, including reimbursement, health law, health public policy, system improvements, health care analytics, and public health tactics. As part of an MBA, you’ll also be taking leadership classes on leading teams, communication, and project management.

An MBA also includes coursework on entrepreneurship, business strategy, and financial administration. Soft skills that are essential in leading today’s teams will be part of the studies, including ethical responsibility, emotional intelligence, and mentorship.

Learn more about Concordia University Chicago’s MBA in health care management here.

MBA in Health Care Management Jobs

The health care sector makes up an enormous portion of the U.S. economy, accounting for nearly 20 percent of all jobs.

The industry also includes the 20 fastest-growing occupations, with the U.S. Bureau of Labor Statistics projecting jobs in healthcare will grow by 13 percent through the year 2031 – much faster than most sectors and job prospects.

These jobs not only involve hands-on, patient care roles but also leadership, operations management and oversight jobs requiring a fresh perspective and enthusiasm to find creative solutions. The healthcare industry doesn’t function on a simple supply and demand, and is affected by constantly changing demands: government regulations, reimbursement changes, staffing ratios, the educational pipeline and updates to technology.

On top of that, the industry is shifting from a pay-per-service model to a pay-for-quality outcomes model, which necessarily includes more focus on patient-centric care and communications, tighter management of infections, and a more competitive business model.

The opportunity abounds to step into leadership and management roles within health care. Job titles can include:

  • Practice manager
  • Business manager
  • CEO
  •  Vice president
  • Chief medical officer
  • Product manager
  • Operations manager

These opportunities exist not only within hospitals and health systems, but also at insurance companies, pharmaceutical development companies, drugstores, and medical practices.

Pursuing your MBA in health care management online can also help you access opportunities as you’re networking with those in the field.

You might be thinking about this direction because of your experience in health care and wanting to progress to another level. You also may be working in another field with some business skills and are looking to move into an industry with more stable and growing employment opportunities.

You may even have seen how health care models and structures work today and have great ideas about how to help adjust the system to better serve patient needs with our aging population and longer lifespans. Pursuing an MBA in health care management can empower and equip you to impact the lives of those in need of care.

MBA Health Care Management Salary

According to U.S. News and World Report, a manager in the health care industry makes a median salary of $104,280, depending on where you live. The lower end of the bell curve for salary sits at $78,820 and the higher end sits at $139,650.

These salary levels have noticeably grown in the past 20 years, to the tune of about $30,000, so it’s likely if you pursue an MBA in health care management, you’ll be part of a trend to see salary levels continue to grow.

Pursue an MBA in Health Care Management Online

If you’re interested in a career with a growing salary, in an industry rife with opportunity and a future, where you can marry business and health care skills, pursuing an MBA in health care management online may be a great fit. You’ll be able to help change a system for the better and positively impact patients directly with your leadership, and you’ll have quite the selection of business types and roles to choose from. Check out the details of Concordia University Chicago’s MBA in health care management or get in touch with us today!

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Request Info!

Explore your career’s next big move. Let’s find the right program that fits your goals.

By completion and submission of this form, I consent to receive communication from a representative of this institution by phone, text or email regarding the educational program request.

CUC_horz_tagline-white

Request Info!

Explore your career’s next big move. Let’s find the right program that fits your goals.

By completion and submission of this form, I consent to receive communication from a representative of this institution by phone, text or email regarding the educational program request.

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Our Mission

Steadfast in Jesus Christ as revealed in the Holy Scriptures, Concordia University Chicago promotes academic rigor in its liberal arts and professional programs; grounds students in objective truth, integrity, and excellence; and practices faithfulness to the Confessional teachings of the Lutheran Church—Missouri Synod, as it forms students for vocations in church, family, and the world.

If you would like more information about Concordia-Chicago’s mission, values or values, please click here.

For more on Concordia-Chicago’s on-campus programs, visit here.