An Online MBA Program Equips Healthcare Leaders
Patient care is undoubtedly one of the first priorities for hospital CEOs. However, financial challenges, healthcare reform, and mergers and acquisitions are a few of the other hot topics in healthcare today. Navigating these issues and making effective decisions is critical to healthcare management.
An online MBA program offers students strategies, theories and practical information they can implement in their day-to-day careers. Additionally, advanced business degree programs offer valuable courses such as healthcare management, introduction to the American healthcare system and healthcare marketing. Other courses also prepare students to do business in global economies, including how to use accounting data, how to make good business decisions and how to implement effective leadership.
What Are Managers’ Concerns in the Big Healthcare Systems and Hospitals?
The number one worry keeping hospital CEOs up at night involves financial issues, according to the American College of Healthcare Executive’s 2013, 2014 and 2015 surveys. Healthcare Finance and the ACHE surveyed hospital leaders and discovered some shared issues across multiple healthcare management facilities:
- New payment models/financial challenges
- Patient safety and quality
- Government mandates
- Personnel shortages
- Patient satisfaction
According to Deborah J. Bowen, FACHE, CAE, president and CEO of ACHE, in a press release dated Feb. 2, 2016, “Survey results suggest that senior leaders still have their eye on their organization’s financial strategy, and they are also making strides in moving forward patient safety and quality initiatives.”
What Will You Learn in an Online MBA Program?
An online MBA program prepares students for management roles using information and tools tailored to the healthcare industry. In-depth coursework provides knowledge on issues and trends in the healthcare sector and steers students toward sound business practices and good patient outcomes. Academic coursework undergirds real-world issues, and solid general business preparation for students seeking leadership roles in hospitals, clinics, nursing homes or medical offices.
Healthcare Is One of the Top Areas of Focus for MBAs
Students seeking to advance in their healthcare management careers may find the online MBA program to be the right option as they expand their horizons. Students should evaluate their career goals before enrolling in such a program by answering the following questions:
- Do you have the time to invest in a rigorous online graduate degree program?
- Are you committed to completing the assignments in a timely manner?
- Do you have a list of goals that you wish to achieve with the MBA?
- Have you evaluated the prospective school’s accreditation?
- Is there a written plan of action to guide you after graduation?
Earning an MBA in Healthcare Management helps you understand the challenges facing the healthcare sector and how to make the right decisions to sustain your patients, fellow employees and the industry at large.
Learn more about the UT Tyler online MBA in Healthcare Management program.