Exploring 2020’s Best Accredited Online MBAs in Healthcare Management

Find top online healthcare management MBA programs and learn about healthcare management coursework, careers and financial aid.

Last Updated: 08/07/2020
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Enrolling in an online MBA in healthcare management can be a significant step toward career advancement in the healthcare field. These online degree programs are designed to help students gain essential business know-how and apply business practices in healthcare settings. However, the content and quality of online master’s in healthcare management programs can vary, so it’s important to do your research before applying to schools. We’ve compiled essential information on choosing the right program for your career path, what it takes to earn your MBA, and ways to pay for school. We’ve also researched and accounted for factors like affordability and accreditation to help prospective students find top online healthcare management MBA programs throughout the U.S. See which schools have the top programs for 2020.

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About the ranking

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Methodology for EduMed’s 2020 Rankings

To be considered for this ranking, each school must have the following:

  • Institutional accreditation from an organization recognized by the U.S. Department of Education.
  • Program(s) offered at least partially online.

School Metrics Explained

EduMed.org data scientists analyzed government higher education data and created a proprietary algorithm to rank each U.S. postsecondary institution and its online programs using 5 primary factors:

  • Cost: Relative cost of attendance compared to peer schools on the list. Based on tuition and fees per academic year.
  • Online Program Availability: Number of online programs in subject area reported by school to Department of Education.
  • Academic Counseling: Existence of this service on campus or online.
  • Career Placement: Existence of this service on campus or online.
  • Students w/ Institutional Aid: Percentage of students who receive financial aid from the school itself.

About Our Data

EduMed’s rankings use the latest official data available from The Integrated Postsecondary Education Data System (IPEDS).

Most recent data pull: February 2020

#School NameTypeCostOnline ProgramsMore DetailsSchool InformationOnline StudentsAcademic CounselingCareer PlacementStudents w/Institutional AidMedian Earnings 10yrs After EntryAccreditation
1Concordia University-Saint PaulSaint Paul, MNPrivate, Not-for-Profit$$1

The Concordia University online MBA Health Care Management degree is a cross-curriculum program that prepares graduates for leadership roles. It is offered entirely online. CU reports that 95 percent of MBA-H graduates receive job offers within a year after completing their degree. The 15 required courses include studies in strategic leadership, ethics for leaders, quality assessment/improvement, finance/accounting, global economics, marketing communications, and informatics. The special topics course, Reflection and Bridge to Your Future, measures student professional development and students build a portfolio for the workplace. There is no GMAT requirement for acceptance but applicants must hold a minimum cumulative GPA of 3.0 in undergraduate work.

Program Overview:

MBA Health Care Management

  • Credits: 39
  • Total courses: 15
  • Cost: $625/credit
  • Mode: Online
  • Accreditation: HLC
Academic
Counseling
Yes
Career
Placement
Yes
Students w/
Institutional Aid
96%
AccreditationHigher Learning Commission
2Ohio University-Main CampusAthens, OHPublic$$1

The MBA program with a concentration in Health Care at Ohio University is conducted 100 percent online except for one on-campus residency for a Leadership Development Program. The curriculum can be completed in two years and is comprised of eleven 3-credit courses and one 2-credit course. The students will build expertise in health care organizational leadership, finance, and health care law. Required health care concentration coursework provides a detailed analysis of the U.S. health care delivery system, financial administration concepts, and legal aspects of guiding health care systems. The Leadership Development Program lasts two days on the Athens, Ohio campus to introduce students to network with healthcare management guest speakers.

Program Overview:

MBA with Health Care Concentration

  • Credits: 35
  • Length: 2 years
  • Total cost: $35,980 (resident), $36,645 (non-resident)
  • Mode: Partially Online (one on-campus residency in Leadership Development Program)
  • Accreditation: HLC, AACSB
Academic
Counseling
Yes
Career
Placement
Yes
Students w/
Institutional Aid
83%
AccreditationHigher Learning Commission, AACSB
3Wilmington UniversityNew Castle, DEPrivate, Not-for-Profit$$1

Wilmington University’s MBA degree with a Health Care Concentration is comprised of seven common core courses and a 12-course concentration module. The program offers the option of traditional and online courses. The curriculum is based on issues involving health policy, legal/ethical considerations, the demand for services, and health insurance reimbursement. Concentration courses include studies in organizational behavior, data analytics, financial management, health policy, global marketing, business strategies, and managerial accounting. Prerequisites for degree candidacy include completion of a passing grade on the CLEP college algebra examination, three credits of undergraduate accounting (minimum C grade), and completion of MBA 6000 (foundation principles of organizational theory) as one of their first four courses in the program.

Program Overview:

Master of Business Administration (MBA)

  • Credits: 39
  • Length: One year
  • Cost: $488/credit
  • Mode: Online
  • Accreditation: MSCHE, IACBE
Academic
Counseling
Yes
Career
Placement
Yes
Students w/
Institutional Aid
16%
AccreditationMSCHE, IACBE
4Salve Regina UniversityNewport, RIPrivate, Not-for-Profit$$$1

Salve Regina University, of Newport, RI, offers a 36-credit MBA degree with a concentration in health care administration. The online program embraces the managerial development of healthcare professionals in the areas of finance, organizational behavior, research methods, human resource management, accounting, strategic management, ethics, and economics. The 12 required courses toward the degree can be completed online by part-time students in two years. Students must complete the MBA core along with three healthcare MBA courses focusing on healthcare policy, marketing, and law. Program applicants must hold a bachelor’s degree from a regionally accredited institution and provide transcripts and letters of recommendation.

Program Overview:

MBA with Health Care Administration and Management Concentration

  • Credits: 36
  • Length: Two years (part-time)
  • Cost: $605/credit
  • Mode: Online
  • Accreditation: NECHE, IACBE
Academic
Counseling
Yes
Career
Placement
Yes
Students w/
Institutional Aid
99%
AccreditationNECHE, IACBE
5Rivier UniversityNashua, NHPrivate, Not-for-Profit$$$1

The 36-credit MBA in Healthcare Administration at Rivier University can be completed online in two years. Twelve required classes cover the theory and skills in managing core business functions such as program planning and development, organizational dynamics, operations management, conflict resolution, and crisis/risk management. Students focus on the challenges of policy development, information management, compliance, healthcare law and ethics, healthcare finance, and risk management. Each seven-week course begins several times during the academic year. A minimum 3.0 cumulative GPA is required for admission to the MBA program. Applicants may transfer up to a total of nine graduate credits with a minimum of a B grade.

Program Overview:

MBA in Healthcare Administration

  • Credits: 36
  • Length: 2 years
  • Cost: $605/credit
  • Mode: Online
  • Accreditation: NEASC, ACBSP
Academic
Counseling
Yes
Career
Placement
Yes
Students w/
Institutional Aid
99%
AccreditationNEASC, ACBSP
6Trevecca Nazarene UniversityNashville, TNPrivate, Not-for-Profit$$1

Founded in 1901, Trevecca Nazarene University has developed fully-online graduate degree programs that combine faith and learning. The 39-hour healthcare-focused MBA degree takes two years to complete and begins with foundation studies in organizational behavior, leadership, business analytics, information systems, marketing, and accounting/finance. The healthcare track focuses on data analytics project management, legal and ethical issues, quality management, and healthcare strategy. Students spend an average of 15-20 hours a week on their studies. An MBA mentoring component takes advantage of Trevecca’s faculty and Nashville-area healthcare professionals in guiding students throughout their degree program. Trevecca does not require the GRE for admissions.

Program Overview:

MBA with Healthcare Administration Specialization

  • Credits: 39
  • Length: Two years
  • Cost: $520/hour
  • Mode: Online
  • Accreditation: SACSCOC
Academic
Counseling
Yes
Career
Placement
Yes
Students w/
Institutional Aid
100%
AccreditationSACSCOC
7Belhaven UniversityJackson, MSPrivate, Not-for-Profit$$$1

Belhaven University’s 42-hour MBA with Health Administration Concentration offers courses with a Christian worldview. The eight-week courses are offered year-round. Students typically want to expand their current healthcare careers into management roles. Of the concentration, 33 units are devoted to MBA core studies along with nine hours of electives. Electives include three courses: Current Issues and Trends in Health Administration, Legal and Regulatory Environment for Health Care, and Health Care Quality Management. Core studies include classes in organizational behavior, business principles, managerial economics, marketing, financial analysis, quantitative decision-making, and strategic planning. Applicants may qualify for military tuition discounts for themselves and spouses. Students may earn credit for prior accredited training and certifications.

Program Overview:

MBA with Health Administration Concentration

  • Credits: 42
  • Length: Two years
  • Cost: $565/credit
  • Mode: Online
  • Accreditation: SACSCOC, IACBE
Academic
Counseling
Yes
Career
Placement
Yes
Students w/
Institutional Aid
100%
AccreditationSACSCOC, IACBE
8Anderson UniversityAnderson, SCPrivate, Not-for-Profit$$1

Anderson University’s online MBA in Healthcare Leadership program includes classes, seminars, professional speakers, and case-studies simulations. The Healthcare Leadership concentration is comprised of three courses devoted to the clinical and business practices common to healthcare organizations. The studies are in Healthcare Structure and Policy; Healthcare Finance and Economics; and Improving Healthcare Quality, Safety and Outcomes. Students gain expertise in the theory and practice of guiding healthcare institutions with social, economic, and policy development in mind. Students can also opt to take classes on campus. No GMAT is required for admissions and students may transfer up to 6 hours of graduate credits with a minimum B grade.

Program Overview:

MBA in Healthcare Leadership

  • Credits: 36
  • Length: 20 months
  • Total Cost: $19,400
  • Mode: Online
  • Program starts per-year: Seven
Academic
Counseling
Yes
Career
Placement
Yes
Students w/
Institutional Aid
100%
Accreditation
9University of Southern IndianaEvansville, INPublic$$1

At the University of Southern Indiana, the Master of Business Administration with a concentration in Healthcare Administration is offered entirely online. The 30-credit degree can be completed in 11 months. Foundational studies are offered in leadership skills, accounting and marketing, and IT management. Students learn to assess organizational risks by making sound data-driven principles, and develop an organizational strategy for service growth and improvement. In all, the 30-hour program includes 21 hours of core coursework and 9 hours of studies in the healthcare concentration. The healthcare component offers studies in the Lean Six Sigma methodology for improving the service quality and cost of operating healthcare organizations.

Program Overview:

MBA with Healthcare Administration Concentration

  • Credits: 30
  • Length: 11 months
  • Total Cost: $12,900
  • Mode: Online
  • Accreditation: HLC, AACSB
Academic
Counseling
Yes
Career
Placement
Yes
Students w/
Institutional Aid
62%
AccreditationHLC, AACSB
10University of Louisiana at LafayetteLafayette, LAPublic$$1

The Master of Business Administration in Health Care Administration program at the University of Louisiana at Lafayette is comprised of 39 credits that can be completed in a year and a half. Core studies are held in analytics, marketing, economics, and financial management. In addition to core business management studies, students undertake 21 credit hours of health care-related curriculum online and two eight-week in-person internships with an approved health care organization. Concentration coursework addresses healthcare law and healthcare economics. Applicants are expected to have completed an undergraduate degree from a regionally accredited school with a minimum 3.0 GPA. A required GMAT score is waived for applicants with a cumulative GPA of 2.75 – 2.99 along with more than 3 years of healthcare work experience.

Program Overview:

MBA in Health Care Administration

  • Credits: 39
  • Length: 18 months
  • Total Cost: $ 15,127
  • Mode: Partially Online (two internships)
  • Accreditation: SACSCOC, AACSB
Academic
Counseling
Yes
Career
Placement
Yes
Students w/
Institutional Aid
57%
AccreditationSACSCOC, AACSB
11Youngstown State UniversityYoungstown, OHPublic$$1Academic
Counseling
Yes
Career
Placement
Yes
Students w/
Institutional Aid
68%
AccreditationHLC, AACSB
12Mount Vernon Nazarene UniversityMount Vernon, OHPrivate, Not-for-Profit$$1Academic
Counseling
Yes
Career
Placement
Yes
Students w/
Institutional Aid
81%
AccreditationHLC, ACBSP
13Saint Mary’s University of MinnesotaWinona, MNPrivate, Not-for-Profit$$1Academic
Counseling
Yes
Career
Placement
No
Students w/
Institutional Aid
100%
AccreditationHLC
14University of ScrantonScranton, PAPrivate, Not-for-Profit$$$1Academic
Counseling
Yes
Career
Placement
Yes
Students w/
Institutional Aid
93%
AccreditationMSCHE, AACSB
15Minnesota State University MoorheadMoorhead, MNPublic$$$1Academic
Counseling
Yes
Career
Placement
Yes
Students w/
Institutional Aid
56%
AccreditationHLC, AACSB
16Capella UniversityMinneapolis, MNPrivate, For-Profit$$$2Academic
Counseling
Yes
Career
Placement
Yes
Students w/
Institutional Aid
50%
AccreditationHLC, ACBSP
17Western Governors UniversitySalt Lake City, UTPrivate, Not-for-Profit$$1Academic
Counseling
Yes
Career
Placement
No
Students w/
Institutional Aid
0%
AccreditationHLC, ACBSP
18University of St FrancisJoliet, ILPrivate, Not-for-Profit$$$1Academic
Counseling
Yes
Career
Placement
Yes
Students w/
Institutional Aid
98%
AccreditationHLC, ACBSP
19Purdue University GlobalDavenport, IAPrivate, For-Profit$$$1Academic
Counseling
Yes
Career
Placement
Yes
Students w/
Institutional Aid
0%
AccreditationHLC, ACBSP
20Saint Joseph’s UniversityPhiladelphia, PAPrivate, Not-for-Profit$$$$2Academic
Counseling
Yes
Career
Placement
Yes
Students w/
Institutional Aid
97%
AccreditationMSCHE
21Charleston Southern UniversityCharleston, SCPrivate, Not-for-Profit$$1Academic
Counseling
Yes
Career
Placement
No
Students w/
Institutional Aid
99%
AccreditationSACSCOC, IACBE
22Queens University of CharlotteCharlotte, NCPrivate, Not-for-Profit$$$1Academic
Counseling
Yes
Career
Placement
Yes
Students w/
Institutional Aid
97%
AccreditationSACSCOC, AACSB
23Walsh UniversityNorth Canton, OHPrivate, Not-for-Profit$$$1Academic
Counseling
Yes
Career
Placement
Yes
Students w/
Institutional Aid
100%
AccreditationHLC
24University of MaryBismarck, NDPrivate, Not-for-Profit$$$$1Academic
Counseling
Yes
Career
Placement
Yes
Students w/
Institutional Aid
99%
AccreditationHLC, IACBE
25Brenau UniversityGainesville, GAPrivate, Not-for-Profit$$$1Academic
Counseling
Yes
Career
Placement
Yes
Students w/
Institutional Aid
90%
AccreditationSACSCOC, ACBSP
26Rosemont CollegeRosemont, PAPrivate, Not-for-Profit$$$1Academic
Counseling
Yes
Career
Placement
Yes
Students w/
Institutional Aid
100%
AccreditationMSCHE
27Baker CollegeFlint, MIPrivate, Not-for-Profit$$$1Academic
Counseling
Yes
Career
Placement
Yes
Students w/
Institutional Aid
88%
AccreditationHLC, IACBE
28Tiffin UniversityTiffin, OHPrivate, Not-for-Profit$$$2Academic
Counseling
Yes
Career
Placement
Yes
Students w/
Institutional Aid
93%
AccreditationHLC, ACBSP
29University of Saint MaryLeavenworth, KSPrivate, Not-for-Profit$$$1Academic
Counseling
Yes
Career
Placement
Yes
Students w/
Institutional Aid
98%
AccreditationHLC, IACBE
30Colorado Technical University-Colorado SpringsColorado Springs, COPrivate, For-Profit$$$1Academic
Counseling
Yes
Career
Placement
Yes
Students w/
Institutional Aid
15%
AccreditationHLC, ACBSP
31American Sentinel UniversityAurora, COPrivate, For-Profit$$1Academic
Counseling
Yes
Career
Placement
No
Students w/
Institutional Aid
0%
AccreditationDEAC
32New England CollegeHenniker, NHPrivate, Not-for-Profit$$$1Academic
Counseling
Yes
Career
Placement
Yes
Students w/
Institutional Aid
83%
AccreditationNECHE
33Pfeiffer UniversityMisenheimer, NCPrivate, Not-for-Profit$$$1Academic
Counseling
Yes
Career
Placement
Yes
Students w/
Institutional Aid
89%
AccreditationSACSCOC
34Walden UniversityMinneapolis, MNPrivate, For-Profit$$$1Academic
Counseling
Yes
Career
Placement
No
Students w/
Institutional Aid
0%
AccreditationHLC, ACBSP
35Davenport UniversityGrand Rapids, MIPrivate, Not-for-Profit$$$1Academic
Counseling
Yes
Career
Placement
Yes
Students w/
Institutional Aid
93%
AccreditationHLC, IACBE
36Nebraska Methodist College of Nursing & Allied HealthOmaha, NEPrivate, Not-for-Profit$$$2Academic
Counseling
Yes
Career
Placement
No
Students w/
Institutional Aid
100%
AccreditationHLC
37MCPHS UniversityBoston, MAPrivate, Not-for-Profit$$$$$1Academic
Counseling
Yes
Career
Placement
Yes
Students w/
Institutional Aid
99%
AccreditationNECHE
38Cleary UniversityHowell, MIPrivate, Not-for-Profit$$$$1Academic
Counseling
Yes
Career
Placement
Yes
Students w/
Institutional Aid
94%
AccreditationHLC
39Oklahoma Christian UniversityEdmond, OKPrivate, Not-for-Profit$$$1Academic
Counseling
Yes
Career
Placement
Yes
Students w/
Institutional Aid
98%
AccreditationHLC, ACBSP
40George Washington UniversityWashington, DCPrivate, Not-for-Profit$$$$$1Academic
Counseling
Yes
Career
Placement
Yes
Students w/
Institutional Aid
75%
AccreditationMSCHE, AACSB
41Southern New Hampshire UniversityManchester, NHPrivate, Not-for-Profit$$$$1Academic
Counseling
Yes
Career
Placement
Yes
Students w/
Institutional Aid
39%
AccreditationNECHE, ACBSP
42Our Lady of the Lake UniversitySan Antonio, TXPrivate, Not-for-Profit$$$$1Academic
Counseling
Yes
Career
Placement
Yes
Students w/
Institutional Aid
95%
AccreditationSACSCOC, ACBSP

B-School Profiles: Inside Look at 3 Online Healthcare MBA Programs

What’s it really like to earn your healthcare management MBA online, how long will it take to earn your degree, and what types of classes will you take? Take a look at our three B-School spotlights below and get an early preview of what you can expect from these and similar online MBA programs.

University of Texas at Tyler

TYLER

The University of Texas at Tyler offers an online MBA in healthcare management that aims to help students attain advanced leadership and management roles in the healthcare industry. The AACSB-accredited program can be completed in as few as 12 months and is fully online. The courses are asynchronous, so students can work through materials on their own schedule. The curriculum includes 27 credit hours of core courses plus nine credit hours of concentration courses tailored specifically to issues in healthcare. Applicants must hold a bachelor’s degree from an accredited institution and must meet GMAT score requirements. However, GMAT scores may be waived for students with a 60-hour GPA of 3.25 or higher. UT at Tyler also offers tuition discounts up to $5,000 to those employed by corporate sponsor organizations, making it a great option for qualifying MBA students.

Benedictine University

BENEDICTINE

Benedictine’s online MBA in healthcare management is designed to be completed in 18 months. Students gain a solid foundation in business skills, theory and practice and can tailor their studies through their choice of healthcare-focused elective courses like public health, environmental health and the business of healthcare. Each healthcare course involves a mini capstone, allowing students to apply their new knowledge in a controlled, practical scenario under instructor guidance. Benedictine’s healthcare courses are taught by faculty from their accredited Master of Public Health program, so students can benefit from the expertise of the school’s business and health departments alike. Benedictine’s online MBA in healthcare administration does not require GRE or GMAT scores for admission, and students can choose between a traditional MBA and an accelerated degree. This degree can be completed fully online, but Illinois students can also enroll in a hybrid program if they prefer. Additionally, those with a professional background in business may be able to waive some foundational courses, speeding up their degree and cutting costs at the same time.

Western Governors University

WGU

Western Governors University offers a flexible, competency-based online MBA in healthcare management. Rather than working through courses in a traditional sense, students prove their competency in certain skill and knowledge areas through tests, essays and projects. Therefore, students who have relevant work skills can breeze through familiar subject areas and quickly move on to new subject matter. The degree consists of 11 courses, including a capstone. The capstone is a group project, so students may have a little less flexibility in completing that at their own pace. Western Governers is also unique in its tuition structure. Instead of charging per credit, WGU charges a flat rate per six-month term. The faster you finish, the less you pay. Most students finish their MBA in about two years, but those with a robust professional background could complete their degree in less time. WGU provides interactive tools to help MBA students determine their cost of attendance, and they offer a handful of scholarships for those pursuing master’s degrees. Applicants must have a bachelor’s degree from an accredited institution and significant professional experience in business.

Accreditation for Online MBAs in Healthcare Management

Accreditation indicates that an institution or program of study has been evaluated by a board and meets certain quality standards. When looking for an online healthcare management MBA program, students should check for regional and programmatic accreditation. Regional accreditation evaluates an institution as a whole and is the most widely recognized form of accreditation. Programmatic accreditation has a narrower scope and assesses the quality of degree and certificate programs within a specific field of study. Many online healthcare management MBA programs may be accredited by the Association to Advance Collegiate Schools of Business (AACSB), which is an international professional organization and accrediting body for business programs. However, prospective students can also look for accreditation from the Commission on Accreditation of Healthcare Management Education (CAHME), which is the only accrediting body that focuses specifically on master’s degrees in healthcare management. Over 100 programs are CAHME accredited. Students may also find healthcare management MBA programs that are accredited by the Accreditation Council for Business Schools and Programs (ACBSP), which evaluates collegiate business programs of all levels.

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Earning Your MBA in Healthcare Management Online

Each online healthcare management MBA program is different, so it’s important that prospective students do ample research before jumping into a degree program. Making an informed decision can help students feel prepared and confident that they are making the best move for their career goals and personal circumstances.

What do you learn in an online MBA in healthcare management?

While program specifics can vary, most healthcare management MBA programs will cover a similar set of core subjects essential to the healthcare management field. Since MBA programs in healthcare management are business programs first and healthcare programs second, curricula typically consist of more finance, marketing, management and accounting courses. However, healthcare management MBAs may examine these skills from a healthcare lens or provide students with opportunities to apply traditional business skills in healthcare scenarios. Check out some common courses you may come across in your healthcare management MBA program.

Marketing

Marketing courses may cover principles of marketing, market research, branding, marketing strategies, consumer behavior and implementation of marketing plans. In the healthcare industry, knowing how to appeal to new and existing patients is essential. Many people have multiple options when choosing healthcare providers, so standing out in a positive way is crucial.

Course titles to look for: Marketing Fundamentals; Marketing Strategy; Healthcare Marketing in Contemporary Society

Organizational Issues and Communication

This is a broad subject, so different programs may focus on different aspects of communication and organizational issues as they pertain to healthcare. Students may learn about management, organizational behavior and communication theories; conflict management and resolution; and challenges within the healthcare industry. Classes may provide an overview of the U.S. healthcare system and regulatory policies and challenge students to assess complex healthcare issues and apply business-focused decision-making skills to find resolutions.

Course titles to look for: Organizational Behavior; Organization of Healthcare Systems and Policy; Organizational Behavior and Communication; Social and Organizational Issues in Healthcare

Leadership

Leadership courses may provide students with general leadership theory and skills or be focused specifically on leadership in healthcare. Students can study ethics in management and business and hone their decision-making skills as they pertain to healthcare management. When working in both healthcare and business, graduates may find themselves making difficult decisions that must balance business with care and management of different people within a healthcare system.

Course titles to look for: Ethical Leadership; Leadership and Management; Healthcare Strategic Leadership

Healthcare Information Systems

These courses focus on information systems and technologies used for patient care and administrative management. The goal of information systems and informatics classes is to give students the chance to survey tools and best practices pertaining to efficient data delivery and communication in healthcare. Students may combine health sciences and business decision-making with computer and information sciences to evaluate healthcare information systems and determine the best way to provide support to staff and patients.

Course titles to look for: Healthcare Information Systems; Healthcare Informatics

Capstone or Practicum:

Many programs include a capstone or practicum, where students have the opportunity to explore a particular aspect of healthcare management more thoroughly and gain practical experience in the field. MBA capstones are often projects completed in small groups in order to simulate running a business, so healthcare students may have to collaborate with peers online. Practicums are typically completed in person and allow students to gain guided, hands-on experience in healthcare management. Both give students the chance to apply their new knowledge and skills in real-world scenarios.

Course titles to look for: Capstone Project; Healthcare Management Practicum; Healthcare Administration Practicum; MBA Capstone Course


A combination of general MBA coursework and coursework focused specifically on healthcare management can give students the theoretical knowledge needed to navigate the industry, but MBA students also have the opportunity to gain practical skills that can boost their success. Prospective students can look at course descriptions to see if their program may provide opportunities to gain and hone skills like:

  • Identifying target audiences for healthcare services and developing effective marketing strategies
  • Human resources management
  • Recognizing and addressing healthcare-specific challenges, like the cause and effects of introducing or changing clinical information systems
  • Financial management for healthcare systems
  • Using quantitative tools and techniques, like statistics and linear programming, to make decisions

Can you specialize when earning an MBA in healthcare management?

Sometimes students have the option to specialize within their degree program. Degree specializations allow for more focused study in a particular aspect of healthcare management, which can open up different or more advanced career opportunities. Healthcare management is a multifaceted field, and some aspects may be more relevant to some career goals than others, making specialization an appealing option. For many online MBA programs, healthcare management is a specialization in and of itself; however, students can tailor their knowledge by taking elective courses specific to their prospective career path.

Healthcare Operations Management

Studies in healthcare operations management will help students familiarize themselves with and hone their skills in strategic operations management and supply chain management in a healthcare setting. Students looking to pursue careers that focus on the “big picture” operations of a healthcare facility may want to explore courses in this vein.

Insurance and Risk Management

Insurance and risk management delves deeper into proactive and reactive measures healthcare managers may take to prevent or control safety hazards to patients, staff and visitors. This can include incident management, insurance and claims management, clinical research, emergency preparedness and healthcare policy and legislation.

Human Resources Management

Students who focus on human resources management will learn theories and techniques for building and maintaining an effective healthcare workforce. This may include studies in employee relations, impacts of technologies and regulations on employees and effective management of human capital to deliver high quality healthcare services to patients.

How long does it take to earn your MBA in healthcare management online?

One of the benefits of an online MBA program is that students can often log in and work through their classes at their convenience rather than having to push classes off because they don’t align with their work or personal schedules. Most programs can be completed in 18 months of full-time study, but some can be completed in as little as a year. Those taking classes part-time can expect their degree to take two to three years to complete, depending on their course load. Some programs may also require a capstone, practicum or research project, which can lengthen the completion time.

How much does an online healthcare management MBA cost?

The cost of earning your MBA in healthcare management online can vary. Many factors, like the individual school, how long it takes you to complete the program and your financial aid, come into play and should be considered when calculating the cost of your MBA. For instance, the University of Texas at Tyler gives a program estimate of $30,219, given that students take two courses per term, or “session”. However, since students must pay a fee for each session, those who take only one course at a time will pay more overall. Even if the degree program is fully online, tuition may be different for in-state students and out-of-state students, so it’s important that prospective MBA students carefully check program details and speak with an academic advisor for clarification.

Paying for Your Online MBA in Healthcare Management Program

Making sure you are financially prepared to enroll in an online MBA program is vital. Starting your MBA before securing financial aid may put you at risk of not completing your degree, so it’s best to plan early. Factoring tuition and fees into your budget can be daunting, but there are many ways to help offset the cost of earning an MBA.

1

Scholarships

Many schools provide students with a list of institutionally-affiliated scholarships related to their area of study, which can be a great place for healthcare management MBA students to start their search. Students can also look for scholarships provided by business, healthcare and other organizations and professional associations. For instance, CAHME offers multiple scholarships to students enrolled in CAHME-accredited healthcare management degree programs. Application deadlines vary by scholarship, but it’s a good idea to apply as early as possible to ensure the award applies to the correct academic term.

2

Financial aid

Filling out the Free Application for Federal Student Aid (FAFSA) opens students to a variety of federal financial aid opportunities, including grants, work-study and federal loans. Schools may also use the FAFSA to determine your institutional financial aid package. Some aid opportunities are distributed on a first-come-first-served basis, so students should submit their applications early. The FAFSA opens October 1st for the following academic year.

3

Grants

Like scholarships, grants are an excellent form of financial aid that don’t need to be paid back. They may be offered by government organizations, schools or private foundations and can be awarded based on your area of study, financial need or academic merit. Learn more about grants and other financial aid opportunities.

4

Employer sponsorship

Some businesses will help their employees pay for additional training and expertise by providing tuition assistance up to a certain amount. There are usually stipulations, like attending a specific school or agreeing to work for the business for a certain number of years upon program completion, so it’s important that you understand the terms of your employer sponsorship before applying to an online healthcare management MBA program.

5

Private Loans

If scholarships, grants and federal loans don’t cover tuition and fees, you can apply for a private loan. These are not based on financial need, so loan amounts can vary and are often dependent your credit and cosigners. Private loans often have a higher interest rate than federal loans.

6

Retirement savings

Using retirement savings, like an IRA, to pay for school can be tricky, but it can be a good option under the right circumstances. The IRS removes the 10 percent early withdrawal penalty as long as the funds are used toward qualifying education expenses at an eligible institution. Students are responsible for paying income taxes on withdrawn funds, so plan accordingly.

https://www.irs.gov/credits-deductions/individuals/qualified-ed-expenses

https://www.usnews.com/education/best-graduate-schools/top-business-schools/slideshows/10-ways-to-find-money-to-pay-for-an-mba

Next Step: After the MBA in Healthcare Management Online

Pursuing an online MBA in healthcare management may seem like a surefire way to advance your career, but before enrolling, it’s important to research the industry and the various avenues you can explore. Asking key questions can help prospective students determine whether or not this degree can help them reach their career and income goals.

Do you need a special license or certification to work or advance?

While there aren’t any certifications or credentials required to work in healthcare management, MBAs may opt to pursue a Fellow of the American College of Healthcare Executives (FACHE) credential. This credential indicates a high level of healthcare management expertise. It can take a while to earn–base qualifications include three years of ACHE membership and five years of executive-level healthcare management experience–so students interested in pursuing this credential should research it early and factor the certification steps into their education plans.

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What can you do with an MBA in healthcare management?

An MBA in healthcare management can prepare graduates for a wide variety of advanced positions and leadership roles in the field. Understanding potential career paths before starting their online MBA can help students make the right decisions for their professional goals.

MBA in Healthcare Management Healthcare Administrator Chief Financial Officers (CFOs) Health Information Managers Healthcare Consultant

Healthcare Administrators
Healthcare administrators are in charge of the operations of a healthcare facility, medical practice or specific care department. This can include staffing, training, assessing and improving facility efficacy, financial management, communication and goal-setting.

Health Information Managers
These administrators focus specifically on the organization and security of patient records and information. They must stay on top of technological changes, database security and relevant legislation to ensure patient data is safe and organized.

CFOs
CFOs are in charge of the financial operations of their healthcare facility. They assess finances, set goals and oversee the execution of those goals. CFOs may also study market trends to inform their financial decisions and the direction of the healthcare facility.

Healthcare Consultants
Healthcare consultants are a type of management analyst with expertise in the healthcare field. They observe a healthcare facility and offer suggestions to improve its efficacy and profitability. Healthcare consultants gather and analyze data, determine areas for improvement, research solutions and make long-term plans for a facility.

How much can you earn with an MBA in healthcare management?

The healthcare industry is growing rapidly and offers a median annual wage of $66,440, which is significantly higher than the national average for all careers. (BLS, May 2018) For healthcare managers, annual earnings can range from around $40,000 to over $200,000. Education level and experience in the field account for this huge range in salary potential. In general, those with higher degree levels and more relevant work experience see considerably higher earnings. Take a look at the table below to see how education and experience affects salaries for careers relevant to students seeking MBAs in healthcare management.

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Area NameEmploymentEntry-LevelEarly CareerMid-CareerExperiencedLate Career
Alabama3,240$55,240$70,500$90,500$119,740$157,040
Alaska1,100$64,180$76,370$99,040$130,340$187,660
Arizona8,160$55,720$73,140$97,520$131,090$201,860
Arkansas4,900$49,330$60,380$74,920$96,490$126,280
California34,510$60,240$82,300$116,080$153,740$200,340
Colorado5,460$62,980$81,650$108,660$138,030$181,790
Connecticut5,510$75,350$90,020$109,600$146,560-
Delaware1,040$71,720$89,800$114,480$147,450-
District of Columbia1,580$83,240$103,360$127,960$164,210-
Florida-$54,850$72,010$95,740$126,230$182,690
Georgia8,790$57,620$74,110$96,220$126,510$184,680
Hawaii1,640$65,660$88,620$114,490$146,490$185,400
Idaho2,070$48,380$63,810$86,160$112,730$141,840
Illinois14,050$65,350$80,870$103,700$136,860$205,890
Indiana7,350$54,590$69,960$90,410$117,700$156,360
Iowa6,670$53,270$63,300$77,120$97,590$126,090
Kansas3,890$54,880$68,680$85,610$107,390$140,990
Kentucky5,000$53,360$66,850$83,550$105,400$135,950
Louisiana4,540$59,820$73,200$90,840$111,250$149,790
Maine2,000$60,840$71,670$87,010$104,280$132,380
Maryland11,210$74,210$91,390$113,150$144,880$198,360
Massachusetts15,380$65,590$84,960$113,690$157,710-
Michigan11,960$57,090$71,980$94,540$126,130$191,890
Minnesota8,220$65,870$78,970$100,090$126,460$163,050
Mississippi3,010$47,380$61,860$80,950$106,670$151,880
Missouri6,840$61,160$77,980$98,370$127,540$177,860
Montana1,430$55,950$69,850$87,060$110,040$141,500
Nebraska2,790$59,470$75,200$96,490$122,430$164,860
Nevada2,360$65,040$88,600$113,310$136,120$179,720
New Hampshire1,910$64,140$77,850$98,290$130,210$174,710
New Jersey11,260$82,290$93,490$111,260$129,750$161,270
New Mexico1,640$67,540$83,090$102,100$135,730-
New York25,830$74,030$94,060$123,100$164,210-
North Carolina9,230$70,230$82,650$101,020$129,820$183,500
North Dakota920$63,450$77,190$99,770$126,860$169,840
Ohio14,760$57,270$71,860$91,300$118,700$154,540
Oklahoma6,450$46,750$59,860$79,040$104,050$139,750
Oregon4,680$63,010$81,870$105,690$138,800$187,220
Pennsylvania16,410$53,360$67,600$87,790$114,630$148,730
Rhode Island1,660$71,180$88,660$112,490$147,680-
South Carolina5,470$51,400$66,960$86,920$114,260$153,900
South Dakota730$68,540$83,720$101,340$121,590$144,740
Tennessee10,320$51,960$67,780$89,050$118,140$161,900
Texas30,010$51,430$71,120$95,590$123,070$163,250
Utah3,560$49,620$67,080$89,900$123,090$167,810
Vermont1,060$55,320$69,120$86,640$116,620$160,760
Virgin Islands120$47,860$60,280$76,480$102,220$177,940
Virginia7,650$65,310$85,180$104,010$133,610$171,800
Washington6,950$59,160$79,600$107,270$135,340$189,310
West Virginia1,610$60,070$76,700$96,920$125,010$169,030
Wisconsin6,250$68,270$82,620$98,600$122,790$154,840
Wyoming850$62,210$73,700$91,730$115,470$144,870
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Related Degrees

Related Degrees

If after looking into online MBAs in healthcare management you find that it might not be the route for you, don’t worry; the healthcare industry offers myriad paths for those looking to advance their careers or try something new. Similar degrees in the healthcare management field can be excellent means of pivoting into a new career or gaining more expertise in a familiar area.

Online Master’s in Healthcare Administration

Like an MBA, this degree pairs healthcare studies with business studies. The biggest difference between the two is that an MHA focuses primarily on integrating business practices in a healthcare environment, while an MBA focuses on gaining general business knowledge that can be applied in healthcare. An MHA may be a good option for students who know they want business knowledge specific to the healthcare industry rather than general business knowledge that can be applied in a variety of settings.

Online PhD in Healthcare Administration

Those who want to conduct original research to advance the field of healthcare administration may opt to pursue a PhD in Healthcare Administration. Graduates may take on positions as researchers or educators, or they may work directly in healthcare management.