Healthcare is one of the world’s fastest-growing industries, both in the United States and globally. MBA in Healthcare Management in USA will position MBA students for a position of leadership in the powerful and ever-expanding health industry. Furthermore, as you pursue an MBA program, you will benefit from the expertise of others.
The majority of graduate-level degrees in the field are solely concerned with the needs of today’s healthcare organizations and how those needs will evolve over time.
Clinical human resources, medical group administration, pharmaceutical companies, hospital and health system management, care management organizations, and other graduate career opportunities are available.
So, if you’re thinking about doing an MBA in Healthcare Management in the United States, this article will guide you through.
Table of Contents
What Is MBA In Healthcare Management?
The strategies and systems involved in growing and managing a healthcare business are covered in an MBA in healthcare management. Students in this program learn how to improve internal and external cooperative systems.
This program provides the knowledge required to establish a stable career in the healthcare sector. The degree provides you with in-depth knowledge of the industry and its operations. This will undoubtedly give you an advantage.
Furthermore, an MBA in healthcare can help you establish a foothold in the IT aspects of healthcare, such as data analytics.
Why Do An MBA In Healthcare Management?
The competitive corporate sector necessitates coming prepared with the necessary skills and knowledge.
An MBA degree can help you develop advanced and adaptable management skills. Because of the challenges involved, this has become an essential and sought-after quality for those in the healthcare sector.
Here are some of the reasons why you should pursue an MBA in healthcare management:
- Flourishing industry
- Essential skills
- Knowledge to run a firm
- Lucrative job opportunities.
Flourishing industry
The healthcare industry is expanding, as are the positions and roles. As a result of the pandemic, the healthcare industry has emerged as one of the top industries.
Essential skills
The MBA program prepares students for leadership and people management roles in the healthcare industry.
Management students are taught how to handle various types of crises, how to work toward improving a company’s image, and how to make difficult decisions.
Knowledge to run a firm
It prepares you to manage both the internal and external functions of a healthcare organization. These responsibilities are useful on the job, especially in the healthcare industry.
Lucrative job opportunities
The MBA program provides job opportunities and advanced positions in hospital management and administration. Students who enroll in this program are also qualified for advancement to senior positions. Also, MBA positions come with high salary packages.
Eligibility For MBA In Healthcare Management In the USA
To obtain a degree in healthcare management, students must ensure that they meet the eligibility requirements for MBA in Healthcare Management in the United States.
The admission requirements and eligibility criteria for an MBA in hospital management in the United States are as follows:
- Bachelor’s Degree
- Work Experience
- English Language Proficiency Test
- USA Student Visa
- Additional Requirements.
Bachelor’s Degree
Students interested in pursuing an MBA in healthcare management in the United States must have a four-year bachelor’s degree with a minimum grade point average of 50 percent from a recognized board of education.
Work Experience
Students must have at least two to three years of professional work experience in hospitals or pharmaceutical companies.
English Language Proficiency Test
As an international student from a non-English-speaking country, such as India, you must demonstrate your English language proficiency through a standard exam.
For example, a minimum TOEFL iBT 90 or IELTS 6.5 will get you into one of the top universities in the United States for an MBA in Healthcare Management.
USA Student Visa
To enter America as an international student, you must have a USA Student Visa in the F1, M1, or J1 category, depending on your mode of study.
Additional Requirements
Additional university-specific requirements such as GMAT or GRE entrance test scores may exist.
List of the Best MBA in Healthcare Management in the United States of America
The best MBA in healthcare management in the USA are as follows:
- University of Minnesota – Minneapolis Minnesota
- Minnesota State University, Mankato
- McCombs School of Business
- University of California – Berkley
- University of Southern California Sol Price School of Public Policy
- Northwestern University – Evanston, Illinois
- Duke University – Durham, North Carolina
- Boston University – Boston, Massachusetts
- Washington University – Saint Louis, Missouri
- Massachusetts Institute of Technology – Cambridge, Massachusetts
- Harvard University – Cambridge, Massachusetts
- Columbia University – New York, New York
- Carnegie Mellon University – Pittsburg, Pennsylvania
- Yale University – New Haven, Connecticut
- Emory University – Atlanta, Georgia
- University of Michigan – Ann Arbor, Michigan
- Rice University – Houston, Texas
- University of Pennsylvania – Philadelphia, Pennsylvania
- University of Virginia – Charlottesville, Virginia
- University of North Carolina – Chapel Hill
- Cornell University – Ithaca, New York
- Benedictine University Lisle, Illinois
- Southern New Hampshire Manchester, New Hampshire
- Husson University, Maine
- Regent University Virginia Beach, Virginia
- Marist College Poughkeepsie, New York
- Colorado Christian University Lakewood, Colorado
- Parker University Dallas, Texas
- University of Scranton Scranton, Pennsylvania
- University of Southern Indiana Evansville, Indiana.
Top 30 MBA in Healthcare Management in USA
Here is a description of the top 30 MBA in healthcare management in the USA:
#1. University of Minnesota
- Location: Minneapolis Minnesota
- Tuition: $17,064
The Minnesota MBA in healthcare management is a highly regarded healthcare administration program. It is a model for other healthcare management programs because it was one of the first of its kind in the USA and was founded by James A. Hamilton.
The school provides students with the training and support they require to become effective healthcare leaders.
Also, the school curriculum focuses on deep institutional knowledge in healthcare delivery, financing, and population health management, as well as business literacy and problem-solving, leadership, and professional development.
#2. Minnesota State University
- Location: Mankato, Minnesota
- Tuition: Cost per credit (resident) $1,070.00, Cost per credit (non-resident) $1,406.00
The Minnesota State University MBA will prepare high-level healthcare managers for leadership roles in the healthcare industry.
This program will help you improve your operational understanding of the functional areas of healthcare organizations, equip you with the tools to elevate critical thinking and analysis to healthcare leadership, and provide you with a framework for strategic planning that applies to all areas of healthcare.
#3. McCombs School of Business
- Location: Speedway, Austin
- Tuition: $29,900
Whether you’re looking for the next step, the next career, or the next breakthrough, the Texas McCombs MBA program will give you the tools you need to change your life and the world.
The Full-Time MBA program at McCombs allows you to immerse yourself in learning, exploration, and the development of meaningful relationships with your classmates.
The adaptable curriculum allows you to specialize in one of more than 20 concentrations, 14 of which are STEM certified.
#4. University of California
- Location: Berkley, California
- Tuition: $10,806
The MBA/MPH program combines a strong foundation in business administration with current knowledge of health policy and management, as well as other healthcare concepts.
Global health, entrepreneurship/start-ups, biotech/MedTech, provider and payer initiatives, and social impact are among the many interests pursued by students in this program.
This track allows students to spend more time at Berkeley taking more electives, developing business and leadership skills in a variety of applied health care settings, and participating in two distinct full-time summer internships.
#5. University of Southern Indiana
- Location: Evansville, IN
- Tuition: Per Credit Hour $430, Per Program $19,350
The USC Price Master of Health Administration program combines training in health information technology, health law, behavioral science and policy, finance, and economics to prepare graduates to effectively respond to new challenges.
For more than 40 years, USC’s MHA program has been training leaders in health management and policy, and it ranks fifth in the nation among health policy and management specialties.
#6. Northwestern University
- Location: Evanston, Illinois
- Tuition: $136,345
Healthcare at Kellogg (HCAK) prepares students for the unique challenges and opportunities that exist in the healthcare sector.
Fundamental HCAK offerings combine fundamental managerial disciplines (e.g., economics, strategy) with in-depth exposure to the industries that make up the healthcare sector, while advanced courses apply these concepts to the specific problems that managers face in the life sciences and payer/provider sectors.
#7. Duke University
- Location: Durham, North Carolina
- Tuition: $135,000
The Duke MBA offers a certificate in Health Sector Management (HSM). Interdisciplinary studies are available through the program. The program draws on Duke University’s long history of excellence in business education, research, and clinical care.
#8. Boston University
- Location: Boston, Massachusetts
- Tuition: $55,480
The School of Public Health (SPH) and the Questrom School of Business jointly administer the Health Sector MBA+ Master of Public Health (MBA+ MPH).
This program will equip you with the knowledge and skills needed to develop sound, innovative solutions to complex problems in the health care system.
You’ll study the relationship between health policy and effective management by studying health program administration and organization, health policy and planning, and health care financial analysis.
#9. Washington University
- Location: Washington D.C.
- Tuition:$121,825
The dual master’s degree in business administration and public health (MBA/MPH) at Washington University is designed to meet the growing demand for multidisciplinary managers with the expertise and leadership skills required to bridge the worlds of business, public policy, and medicine.
Graduates of the dual MBA/MPH program will have functional expertise in business and public health, as well as the rigorous, critical-thinking skills required for immediate impact and long-term leadership in hospitals, pharmaceutical firms, think tanks, public administration, and consulting firms, and corporations across the healthcare spectrum.
#10. Massachusetts Institute of Technology
- Location: Cambridge, Massachusetts
- Tuition: $50,410
This three-year dual-degree program with Harvard University’s Kennedy School of Government allows students to earn an MBA as well as a master’s in Public Administration or a Masters’s in Public Policy.
The program is especially relevant for students interested in careers in international management or economic development, or in industries or regions with a high level of government partnership or regulation.
#11. Harvard Business School
- Location: Boston, Massachusetts
- Tuition: Single- $73, Married 440 $73,440
The Harvard Business School (HBS) MBA with the Health Care Initiative program was established in 2005 to provide a channel for healthcare research, educational programs, and entrepreneurial projects from all sectors of the healthcare industry.
Students examine health-care-related cases. They can tailor the second year of the program by selecting healthcare-related courses and experiences.
#12. Columbia University
- Location: Manhattan, New York
- Tuition: $80,472
Columbia University’s MBA Health and Pharmaceutical Management program allows students to tailor their healthcare business education to their specific interests and goals.
#13. Carnegie Mellon University – Pittsburg
- Location: Pittsburgh, Pennsylvania
- Tuition: $134,847
This dual degree is intended to teach MBA students about the economic, political, and financial environment in which health care is delivered, as well as how to manage and lead organizations across health care delivery channels in the future.
#14. Yale University
- Location: New Haven, Connecticut
- Tuition: $79,000
The Yale University MBA is designed for working healthcare professionals who want to be leaders and innovators in the industry. Students complete an integrated core curriculum during the first year of the program.
Students also take part in the Colloquium on Healthcare Leadership, which is a series of discussions with industry leaders. The second year is spent taking advanced business and healthcare courses.
#15. Emory University
- Location: Atlanta, Georgia
- Tuition: $145,045
The two-year top healthcare MBA program at Emory University’s Goizueta Business School prepares students for any challenges they may face in the healthcare industry. Students can participate in a global learning experience lasting one week.
Students will learn how companies create and manage their businesses all over the world. Faculty are thought leaders in their fields who collaborate with students on collaborative learning challenges that challenge their assumptions.
#16. University of Michigan
- Location: Ann Arbor, Michigan
- Tuition: $14,389
The University of Michigan’s Ross Healthcare Management Concentration is a one-of-a-kind program. It is for students who want to combine their interests in business and healthcare.
Students can supplement their MBA curriculum with 12 healthcare-related electives and multidisciplinary action projects (MAP) in healthcare through this concentration.
Students gain valuable hands-on skill building at a sponsoring company through these unique MAP action learning experiences.
#17. Rice University
- Location: Houston, Texas
- Tuition: $ 1,083
The goal of the Rice University MBA concentration in health care is to provide students with an understanding of how management principles are interpreted and applied in the various interconnected sectors of the health care industry (providers, hospitals/small practices, payers, pharmaceutical, biotechnology), and how the different dynamics in these sectors make it uniquely health care.
#18. University of Pennsylvania – Philadelphia
- Location: Philadelphia, Pennsylvania
- Tuition: $118,568
The Wharton School at The University of Pennsylvania offers a specialized MBA program in healthcare management. This program prepares graduates for executive positions in a variety of healthcare organizations and specialties.
#19. University of Virginia
- Location: Charlottesville, Virginia
- Tuition: $72,200
The Darden School of Business at the University of Virginia prepares students to think ethically and creatively about current healthcare issues. During the first year of the program, students concentrate on managerial concepts such as operations, strategy and leadership, and finance.
#20. University of North Carolina
- Location: Chapel Hill, North Carolina
- Tuition: $18,113.40
The University of North Carolina’s Kenan-Flagler Business School offers a top MBA healthcare program. It was established to meet the growing demand for effective business leaders with creative problem-solving and leadership abilities.
This is intended for healthcare professionals with prior experience in private and public healthcare organizations, as well as the medical community. This enrichment program will broaden their entrepreneurial and strategic leadership opportunities even further.
#21. Cornell University
- Location: Ithaca, New York
- Tuition: $185,720
The Executive MBA/MS in Healthcare Leadership dual-degree program in New York City, offered in collaboration with the Weill Cornell Graduate School of Medical Sciences prepares healthcare professionals to facilitate change and drive innovation both within organizations and across the industry.
22. Benedictine University
- Location: Lisle, Illinois
- Tuition: $51,200.00
With the Master of Business Administration (M.B.A.) degree program from Benedictine University, you can prepare for high-level leadership roles. Benedictine University is a regionally accredited institution with over 130 years of history and a tradition of academic excellence.
You’ll learn how to successfully navigate your career through market turbulence, organizational change, and global competition by leading organizations through the challenges of 21st-century business management.
#23. Southern New Hampshire University
- Location: Manchester, New Hampshire
- Tuition: $19,000
You’ll get the formal healthcare education you need at Southern New Hampshire University to advance your skills and supplement your experience in the complex field of health administration.
The master’s degree in healthcare administration online program includes courses in finance and economics, law, policy, informatics, and strategic planning.
#24. Husson University
- Location: Bangor, Maine
- Tuition: $650 per credit hour or $20,150 for a full-load
The healthcare management program prepares students for success in this expanding industry by teaching them business and leadership skills.
Graduates are capable of planning, directing, and coordinating medical and health services. Opportunities range from managing a large healthcare facility to running a small medical practice.
#25. Regent University
- Location: Virginia Beach, Virginia
- Tuition: Tuition Cost Per Credit Hour $565
Regent University’s healthcare management programs are designed to prepare students for executive-level healthcare positions in which an understanding of business functions in the healthcare space is critical for success.
#26. Marist College
- Location: Poughkeepsie, New York
- Tuition: $42,290
Whether you are looking for a change in pace in your career or you are already working in the healthcare field, the Marist College MBA Healthcare Administration program will help you understand the big picture of the healthcare industry.
#27. Colorado Christian University
- Location: Lakewood, Colorado
- Tuition: MBA courses (per credit hour) $628
Colorado Christian University’s MBA in healthcare administration prepares students to face challenges as healthcare leaders today. The degree is intended to meet the growing demand for medical health and service management jobs.
When studying full-time, the program consists of 39 total credit hours and takes 18 months to complete. Courses cover topics such as healthcare law and accreditation, quality methods for improving healthcare performance, and strategic thinking in healthcare economics and finance.
#28. Parker University
- Location: Dallas, Texas
- Tuition: $1,450
Parker University’s MBA in healthcare management degree program goes above and beyond standard study and curriculum, preparing students for careers in healthcare management leadership roles.
Students can concentrate their studies on four areas of management, including healthcare management and practice management.
Courses are delivered online and cover topics such as business research methods, ethical leadership development, health care policy analysis and decision-making, and strategic management of health care organizations.
#29. University of Scranton Scranton, Pennsylvania
- Location: Scranton, Pennsylvania
- Tuition:$34,740
This offers one of the most affordable healthcare management programs in the United States to working students.
The Association to Advance Collegiate Schools of Business has accredited the MBA in healthcare management program, which includes courses in business analytics, enterprise resource planning, healthcare management, human resources, and operations management.
#30. Western Governors University
- Location: Millcreek, Utah
- Tuition: $18,920
The MBA in Healthcare Management at Western Governors University was developed with significant input from health experts and business leaders who serve on the school’s Business Program Council to ensure WGU graduates acquire the knowledge and skills sought by employers.
The curriculum for the master’s degree in healthcare management is designed to prepare you to lead, influence, and shape the future of healthcare.
FAQs on MBA in Healthcare Management in USA
Is an mba in healthcare management worth it?
Yes, mba in healthcare management offers strong career growth and good salaries due to the high demand for expert healthcare managers with an MBA.
Where can i work with an mba in healthcare management?
Graduates with an MBA in healthcare management can work in hospitals, nursing homes, and acute care facilities as department directors, CEOs, and financial planners.
What are the best colleges for mba in healthcare management in usa?
The best colleges for mba in healthcare management in usa are: Minnesota State University, Mankato, Boston University – Boston, Massachusetts, Northwestern University – Evanston, Illinois,
What are the eligibility for mba in healthcare management in usa?
The eligibility for mba in healthcare management in usa are : Bachelor’s Degree, Work Experience, English Language Proficiency Test, USA Student Visa, Additional Requirements.
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Conclusion
An MBA in healthcare management will help you prepare for executive leadership roles eventually in your career. Credentialed leaders who are ready to take the reins are needed as the healthcare sector experiences fast change as a result of new regulatory requirements, standards, and expectations.
This healthcare MBA discussed in this article will prepare you for a lucrative, exciting, and rewarding career in healthcare.
So, advance your career by earning an MBA in healthcare management. You may be able to increase your salary potential, become eligible for promotions, or move into a position or industry in which you are interested.
Develop into a decision-maker who guides the healthcare industry.