This post was contributed by Touro Graduate School of Business student Rauwolfia Mannan.
A Master’s in Business Administration has been an in-demand degree for a long time, but the specialization for healthcare management is fairly new. Although a recent innovation, healthcare management is a strong and growing market. Healthcare is a demanding field, and with all the improved technologies, the competition gets tougher every day. Before, a regular MBA would have sufficed for a good position in a hospital management career, but now with the latest technology and competition, people with a specialized degree and credentials are greatly preferred. Healthcare management is not only a wise career to choose in the United States, but all over the world this is an important career. Mostly because in hospital management there is risk for making mistakes and corruption, which is happening a lot these days. Privately-owned businesses sometimes try to bribe hospital managers for marketing purposes in exchange for a commission! And if the hospital management is not knowledgeable enough to make the judgement whether or not the product offered will be beneficial to their patients, it is easy to misinterpret and make a wrong decision. People with specialized degrees in healthcare management are better prepared to meet these challenging demands and provide better service.
A regular MBA prepares you for dealing with basic management and work ethics, but the healthcare field has additional challenges. Patient management strategies, risk management, and conducting efficient clinician hours are some of the duties you will encounter in this field. Healthcare professionals also have their own specialized work systems that need to be maintained. With an MBA in healthcare management, you will have the upper hand of having additional background knowledge, and this will give you flexibility and ease at your work. You will have the ability to propose a systematic way to make the hospital profitable and successfully conduct your strategy towards the approach that will benefit the hospital the most.
I am an international student doing my MBA in healthcare management, and I can say that this is a booming field, and people pursuing this career have plenty of opportunity in leadership skills and teamwork. I chose this career path because I will be challenged intellectually every day, and I can show my leadership and management skills, while at the same time build a plan that will help society. This career will not only give me job satisfaction, it will also help me give my best for the betterment of our society and a better future worldwide.
Learn more about the Touro Graduate School of Business MBA specialization in Healthcare Management.
D’Aquila, R., Fine, D. J., & Kovner, A. R. (2009). Evidence-based management in healthcare. Chicago: Health Administration Press.
Friedman, L. H., & Kovner, A. R. (2013). 101 careers in healthcare management. New York: Springer Publishing Company.
Gee, E. P. (2001). 7 strategies to improve your bottom line: The healthcare executive’s guide. Chicago, Ill: Health Administration Press.
Smith, J. & Walshe, K. (2011). Healthcare management (2nd ed.). Maidenhead, England: Open University Press.