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MBA Resource Article

Nine Positions Within Health Care That Require an MBA

Want to put your Master of Business Administration degree to work in a field that is growing quickly and make a difference in people’s lives? Think health care. In its December 2015 employment projections, the U.S. Bureau of Labor Statistics noted that “healthcare occupations and industries are expected to have the fastest employment growth and to add the most jobs between 2014 and 2024.”1

This expanding industry needs knowledgeable managers to ensure that healthcare facilities run smoothly and that patient care is delivered efficiently. With the growing diversity in the healthcare system, many executives are needed in settings other than traditional hospitals.

Competition is intense at all levels, and many positions that previously required only a bachelor’s degree now require a master’s degree. Recognizing this, Utica College offers an online Master of Business Administration degree program with specializations in key areas such as Health Care Management. Students in this program graduate with an understanding of the complex ethical and legal issues involved in healthcare at an organizational level. They also gain the ability to assess, plan, and implement information technology projects within healthcare organizations. Such settings include:

  • ::  Clinics
  • ::  Healthcare consulting firms
  • ::  Health insurance organizations
  • ::  Healthcare associations
  • ::  Hospitals
  • ::  Physician practices
  • ::  Mental health organizations
  • ::  Public health departments
  • ::  Rehabilitation centers
  • ::  Skilled-nursing and assisted-living facilities
  • ::  Universities and research institutions2

Here are 9 careers within the healthcare industry for which candidates with specialized MBAs are in high demand:

  1. Cyber Policy Consultant: Manages the healthcare institution’s security policies. The cyber policy consultant understands government regulations regarding cybersecurity and privacy in a healthcare setting and monitors potential cyber threats.
  2. Hospital Executive Director: Leads a team of managers from across all areas of the hospital and reports directly to the hospital’s board of directors.
  3. Assisted-Living Facility Administrator: Manages staff and facilities. Balances the needs of residents and staff. Acts as the residents’ primary advocate and as a liaison between doctors, nurses, and other staff members.
  4. Technology Director: Responsible for the creation and implementation of information and telecommunications systems to support a large healthcare organization’s clinical, financial and strategic objectives.
  5. Regulatory Compliance Manager: Ensures that the hospital or health system complies with government regulatory requirements regarding such issues as patient care, infection control, and continuing education for staff members.
  6. Performance Improvement Manager: Works with the health organization’s department heads to create, maintain, and improve upon detailed organization-wide performance goals.
  7. Human Resources Manager: Ensures that both clinical and non-clinical staff levels are appropriate for the health organization’s needs. Oversees the recruiting, hiring, training, retention, and promotion of staff members and ensures that staff training and credentials are kept current. Administers employee insurance and retirement benefits and monitors employee performance evaluations.
  8. Materials Manager: Manages the healthcare organization’s vast variety of materials to reduce costs while improving service. Examines the true cost of maintaining inventory and ensures that critical items are supplied in a “right-place-right-time” fashion. Creates and manages centralized ordering systems to reduce inconsistent spending and help ensure consistent stock quality.
  9. Patient-Care Services Manager: Ensures that appropriate care and services are available to patients and their families. Maintains the proper clinical staffing level and the best staff skill mix for optimal patient care. Evaluates the impact of strategic fiscal changes on the quality of patient care.

To find out more about Utica College’s online MBA with specializations in areas like Health Care Management, Accounting/Finance, Cybersecurity, and Cyber Policy, request information here or call 315.732.2640 or toll free at 866.295.3106.

Sources

1 http://www.bls.gov/news.release/ecopro.nr0.htm.

2 http://www.ache.org/healthmanagementcareers/careers.cfm.