MBA Healthcare Management Jobs
Individuals who have earned their MBA with a concentration in healthcare management from California Baptist University will find that there are many jobs available for graduates who earn this degree. The two main factors that are creating a demand for individuals with expertise in healthcare management are: 1) The increase of an aging baby boom generation, and 2) the Patient Protection and Affordable Care Act that has expanded access and increased regulatory requirements for the entire healthcare industry. According to the Bureau of Labor Statistics, employment of medical and health services managers is projected to grow by 23 percent from 2012 to 2020; faster than the average for all occupations. This strong growth rate makes a career in healthcare management an excellent choice.
Some of the MBA Healthcare Management jobs consist of nursing home administrators, clinical managers, health information managers, and assistant administrators. Each title has its own set of responsibilities, and according to the Bureau of Labor Statistics, they include:
- Nursing home administrators manage staff, admissions, finances, and care of the building, as well as care of the residents in nursing homes. These administrators need to be licensed, and each state has their own licensing requirements.
- Clinical managers oversee a specific department, such as nursing, surgery, or physical therapy, and have responsibilities based on that specialty. They set and carry out policies, goals, and procedures for their departments. They also evaluate the quality of the staff’s work, and develop reports and budgets.
- Health information managers are responsible for the maintenance and security of all patient records. They stay up to date with evolving information technology and current or proposed laws about health information systems. Health information managers must ensure that databases are complete, accurate, and accessible only to authorized personnel.
- Assistant administrators work under the top administrator in larger facilities and often handle daily decisions. Assistants might direct activities in clinical areas, such as nursing, surgery, therapy, medical records, or health information.
Workers with MBA Healthcare Management jobs are reported to earn substantial annual salaries. According to the Bureau of Labor Statistics, the median annual wage for medical and health services managers was $88,580 in May 2012. The lowest 10 percent earned less than $53,940, and the top 10 percent earned more than $150,560. These wages reflect where these managers work and how much responsibility they carry. For example, according to the Medical Group Management Association, medical and health services managers who work for a small practice consisting of six or fewer physicians had an annual salary of $87,862. On the other hand, medical and health services managers who work for larger practices consisting of 26 or more physicians had an annual salary of $148,604. These managers usually work fulltime due to many facilities being open 24 hours a day, and because they are needed when emergencies arise. Employers include hospitals (local, state, and private), ambulatory health care services, nursing and residential care facilities, and government.
If an individual decides to pursue a career in healthcare management, CBU gives them the necessary tools to excel and lead in this field. Enjoying instruction from expert professors in comfortable, modern learning facilities, students will be receiving the knowledge that is critical for success in a complicated environment that these MBA healthcare management jobs provide.
Source: Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2014-15 Edition, Medical and Health Services Managers, on the Internet at http://www.bls.gov/ooh/management/medical-and-health-services-managers.htm