According to the United States Bureau of Labor Statistics, 10 of the top 20 fastest growing jobs in America are within the health care field. As the baby boom generation continues to age, the demand for health services will increase drastically. Hospitals are already building new facilities to accommodate this demand, which is great news for students working towards an online Master’s Degree in Health Care Management. They are putting themselves in a great position for the new workforce.
Online Master’s Degrees in Health Care Management Requirements
The best candidates for online master’s degrees in health care management are compassionate, detail-oriented, and self-motivated. Fixing health service problems can be a very difficult task and students need to cultivate perseverance before entering the industry. Much of a health manager’s job is analyzing statistics and figures. Students need to focus on small details as they often make a massive difference in a hospital’s profitability. Top online master’s degree programs in health care management will help students hone these skills and succeed in the job market.
Most students working towards an online master’s degree in health care management hold a bachelor’s degree in one of the following fields:
- Health Care Administration
- Health Care Management
- Human Services
- Human Resources
In addition to a bachelor’s degree, most students enrolling in online health care management master’s degree programs have several years work experience in the health care industry. Accredited online health care management master’s degree schools highly recommend that candidates have some work experience before applying.
Online Health Care Management Master’s Degree Education
Most online masters degrees in health care management take between 2 and 3 years to complete. The most common types of health care management master’s degrees in health care management include:
- Master of Science in Health Care Management (MS in Health Care Management)
- Master of Arts in Health Care Management (MA in Health Care Management)
Information on Health Care Management Courses
The best online masters degree programs in health care management highlight the importance of efficiency. Most hospitals are profit-driven and students will act as managers to find ways to improve patient health care while also increasing the organization’s profits. Professors will preach ethical health management and how to make moral decisions in the field. Some of the most popular courses in health care management masters programs online include:
- Health Economics
This class teaches students about the financial principle governing hospitals and health facilities. Students examine the costs of health care and how they affect patients, physicians, and health insurance companies.
- Quality Management Systems
This class teaches students about different methods of health care management enacted by health facilities. Students will examine real-world case studies of hospital adopting new quality management systems and their effects.
- Recruitment and Selection
This course teaches students about the complex hiring process within hospitals. Students will act as administrators looking for health employee candidates and may also conduct mock interviews with professors acting as candidates.
- Ethical Issues in Health Care
This class examines the many ethical issues that arise within the health care field. Students examine case studies about patients that cannot afford health services and the treatment they received while also examining the ethical roles physicians and administrators play in society.
- Introduction to Health Law
This class teaches students about the complex world of health law and policy. Students will take an in-depth look at the new federal health care bill and its repercussions for the health care industry. Students will also examine a number of legal studies.
Specializations and Concentrations
The best online master’s degree programs in health care management offer several different concentrations and specializations. These concentrations allow students to better focus on the field they would like to work in after graduation. Some of the most common concentrations include:
- Health Policy and Research
- Pediatric Health Care Management
- Non-Profit Health Care Management
Careers in Health Care Management
Students graduating with an online masters in health care management have a number of career options to choose. Some of the most popular include:
- Health Care Administrator
A health care administrator often oversees the budget of a hospital and makes major policy decisions for the building. They are also in charge of recruiting physicians and hiring outside contractors for medical supplies. The BLS estimates that the average health care administrator makes between $39,983 and $130,874 per year.
- Health Care Manager
A health care manager usually works in a small physician’s practice and ensures the everyday office work runs smoothly. They often contract medical supplies for the office and make sure all insurance companies have been billed. The BLS estimates that the average health care manager makes between $48,000 and $70,969 per year.
- Non-Profit Health Executive
A non-profit health executive usually oversees the budget of the company and make major policy decisions. They often suggest new health studies for the company to perform. The BLS estimates that the average NGO health executive makes between $48,484 and $97,000 per year.
- Health Care Consultant
A health care consultant works in a variety of health facilities and observes the current management system. They make suggestions for how service could be more efficient and effective. The BLS estimates that the average health care consultant makes between $43,000 and $85,024 per year.
- Health Research Analyst
A health research analyst usually works for a large governmental institution or a non-profit organization and performs health studies. They spend much of their time in a laboratory environment or observing hospitals. The BLS estimates that the average health research analyst makes between $38,948 and $76,843 per year.
Oftentimes, a master’s degree in health care management is not required to attain such careers. However, getting a degree from online schooling will help secure jobs and future employment in the competitive health care industry.