What Types of Jobs are Available with an MBA in Healthcare Management?

Healthcare MBABefore you apply for entry into a business focusing on health administration, it is important to find out about the types of jobs available with an MBA in Healthcare Management. More and more healthcare professionals and recent graduates are looking for promising career opportunities that do not necessarily involve direct care. If you fall into this group, healthcare management could be the field for you. As a manager, you will handle more administrative roles in a healthcare setting where employment is projected to grow. The great thing about the field is that there are several different departments and units that need managing. Here are some of those jobs you can aim for:

Hospital Administrator

If you would prefer to work in a fast-paced setting as an executive figure, you should consider becoming a hospital administrator. Administrators are responsible for coordinating health services and planning to improve patient outcomes. Since administrators plan, direct, and coordinate in an office setting, they will not care for patients directly. While the median salary for administrators comes in at $111,000 per year, it is important that you are prepared to deal with a great level of stress if you take on this role, according to the Examiner.

Practice Manager

If you would prefer to work in a smaller setting while enjoying the same level of responsibility, you may be more interested in becoming a practice manager. Practice managers work in physician offices and medical group offices to deal with operations. They will hire staff, oversee the budget, create the schedule, and order supplies. The practice manager handles the business aspects in the office that the doctors are not equipped to handle. Practice managers earn an average of $81,000 per year but take on less stress than hospital administrators.

Healthcare Consultant

Healthcare facilities and organizations do not always create their own manuals, agreements and procedures. Since organizations have to comply with federal and state regulations, they often hire healthcare consultants so that they can avoid fines while finding ways to operate more efficiently. If you would like to use your MBA to start your own business, you may want to consider healthcare consulting where you can take on multiple clients of all sizes.

Health Information Management

A lot of information flows through a health organization. Since much of the patient information is sensitive in nature, all organizations have a procedure to protect data in place. If you would like to oversee the storage, security and retrieval of this data, you may want to become a health information manager. Information managers will keep computer systems and hardware up-to-date while tracking the processing of information to ensure the organization is complying with government regulations.

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There is a huge market for healthcare managers who have taken the time to earn their MBAs. If you want to expand your knowledge of business and the inner workings of a healthcare facility, compare different programs with Healthcare Management concentrations. After you graduate with your MBA, you will be ready to enter the booming field of health care management that is projected to grow by 17% by 2024, according to the Bureau of Labor Statistics. With the job prospects being so favorable for the types of jobs available with an MBA in Healthcare Management, now is the time to start your business school studies.

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