The one-year MBA in healthcare management program is ideal for medical students who want to pursue an advanced graduate degree in health management quickly. Pursuing one of the accelerated MBAs in healthcare administration online has a direct cost-benefit relationship.
While the accelerated one-year MBA in healthcare management has some tangible benefits, such as being faster and less expensive than its two-year counterpart, it does have some drawbacks.
For example, many online MBA programs in healthcare management online programs simply do not have enough time for a summer internship, which is a great way for many students to gain practical work experience and job connections.
Furthermore, time for elective courses may be more limited, which means that a one-year MBA in healthcare management may not be able to delve as deeply into topics of interest.
However, for many time-pressed students, a one-year MBA is an excellent option.
Below you’ll find the top 10 one-year MBA in Healthcare Management[Accelerated] in the world.
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One-year MBA In Healthcare Management
An MBA with a healthcare specialization focuses on executive-level management and business skills in a healthcare setting. You’ll take the same core courses as a traditional MBA, such as economics, operations, finance, business strategy, and leadership, as well as specialized coursework in healthcare administration.
A Master of Business Administration degree prepares students with professional work experience to become leaders in a variety of industries and sectors. If you want to get an MBA, make sure you pick the right program with the right specialization.
There are numerous areas of specialization in the world of MBA programs, but choosing the right one will open up opportunities with good pay and stability.
While there are many options, the accelerated MBA in healthcare administration online is quickly becoming a popular healthcare track for future leaders looking to enter a growing industry worth an estimated $2.26 trillion dollars.
Is an MBA In healthcare Worth It?
An MBA gives healthcare leaders the business analytics skills they need to manage both cost-cutting operations and improve patient care quality.
The MBA program, for example, prepares graduates to:
- Understand and analyze health care industry accreditation, regulatory, licensure, and compliance issues
- Apply and evaluate economic aspects of health care supply and demand.
- Identify and assess the major financial, management, and political issues affecting health care, and devise strategies to improve health care delivery.
- Apply diversity, economic, ethical, and fiscal perspectives to healthcare decision-making.
- Understand how to use technology to make and evaluate data-driven decisions.
List of the Top 10 One-year MBA in Healthcare Management [Accelerated]
Here is a list of accelerated MBA in Healthcare administration online:
- Quinnipiac University
- Southern New Hampshire University
- Saint Joseph’s University
- Marist College2
- Â Portland State University
- Northeastern University
- University of South Dakota
- George Washington University
- Maryville University
- Â The University of Massachusetts.
Top 10 One-year MBA in Healthcare Management
#1. Quinnipiac University
- Tuition fee: $16,908 (domestic students), $38,820(international students)
- Acceptance rate: 48.8%
- Duration of program: 10-to-21 months, depending on the student’s choice
- Location: Hamden, Connecticut
Quinnipiac University’s MBA curriculum includes online healthcare management programs that teach important business practices and theories in the healthcare industry.
Financial management in health care organizations, foundations of health care management, integrated health systems, managed care, and legal aspects of health care delivery are among the 46 credit hours in the program.
This Professional MBA program provides the skills needed to work across cultures and lead organizations of all types, sizes, and structures — without interfering with your busy work schedule or other personal commitments.
Transcripts from previous schools, three letters of recommendation, a current resume, a personal statement, and GMAT/GRE scores are all required for admission. Concerning test score waivers, students should contact the department. GMAT/GRE waivers and admission decisions are made using a comprehensive process.
#2. Southern New Hampshire University
- Tuition fee: $19,000
- Acceptance rate: 94%
- Duration of program: 12 months or at your own pace
- Location: Merrimack County, New Hampshire
Individuals seeking graduate education to advance their career while learning management and leadership skills specific to the healthcare industry can pursue an accelerated MBA in healthcare administration online degrees at Southern New Hampshire University.
The Accreditation Council for Business Schools and Programs and the New England Association of Schools and Colleges both accredit the Southern New Hampshire program.
This specialized MBA is ideal for current healthcare professionals with prior experience. Every year, the degree is offered entirely online, with multiple start dates.
Healthcare administration, informatics, and social and organizational issues in healthcare are among the courses offered.
#3. Saint Joseph’s University
- Tuition fee: $941 per credit
- Acceptance rate: 93%
- Duration of program: 1 year
- Location: Philadelphia, Pennsylvania
Saint Joseph’s University offers an accelerated MBA in healthcare administration online with 33-53 credits. The program is entirely online and can be completed full-time or part-time. Part-time students typically have 5-10 years of work experience. Students can enroll three times a year, in July, November, and March.
Students must have a degree from an accredited school, two letters of recommendation, a resume, a personal statement, and GMAT/GRE scores that are no more than seven years old to be considered for admission. In some cases, test scores can be waived.
Some of the healthcare business courses available include coding coverage reimbursement, healthcare marketing, pharmacoeconomics, pricing in the healthcare industry, and supply chain management in healthcare.
#4. Marist College
- Tuition fee: cost per credit hour is $850
- Acceptance rate: 83%
- Duration of program: 10 to 14-month
- Location: Online
For students interested in advancing their careers in healthcare, Marist College offers an accelerated MBA in healthcare administration online. The program is intended for working professionals who want to take online classes while continuing to meet their professional and personal obligations.
The Association to Advance Collegiate Schools of Business (AACSB) has accredited the Marist MBA, which is entirely online and requires no residency.
For those who are able, there are optional residency opportunities in the New York City area. Critical issues in health care, ethical and legal issues in health care, managing organizational change, and US health care policies and systems are examples of healthcare courses.
#5. Portland State University
- Tuition fee: $40,238
- Acceptance rate: 52%
- Duration of program: 12 month
- Location: Online
Portland State University, in collaboration with Oregon Health and Science University, offers an accelerated MBA in healthcare administration online designed for healthcare professionals from a variety of occupations.
The healthcare MBA curriculum is robust and rigorous, with the goal of teaching practical skills required to be a successful leader and manager.
The program is delivered online in 80 percent of its entirety and consists of 72 credits that can be completed in 33 months.
#6. Â Northeastern University
- Tuition fee: $66,528
- Acceptance rate: 18%
- Duration of program: Program can be completed in 1 year depending on the student’s study pace
- Location: Boston, MA
Northeastern University’s D’Amore-McKim School of Business offers online MBA programs in healthcare administration. The Association to Advance Collegiate Schools of Business has accredited the 50-credit program, which is divided into 13 core classes and five electives.
The program focuses on the application of academic knowledge to real-world scenarios encountered by business professionals in a variety of settings, including the healthcare industry.
Healthcare-specific courses taught in the school include healthcare finance, the healthcare industry, an introduction to health informatics and health information systems, and strategic decision-making for health professionals.
#7. University of South Dakota
- Tuition fee: $379.70 per credit hour or $12,942 for the year
- Acceptance rate: 70.9%
- Duration of program: 12 month
- Location: Vermillion, South Dakota
The University of South Dakota offers accredited online MBA programs in healthcare administration through the Association to Advance Collegiate Schools of Business (AACSB).
This USD MBA in Healthcare program is designed to prepare and train current and future healthcare leaders and managers to deal with the ever-changing landscape and complexity of the healthcare industry in today’s global economy.
The MBA in health services administration’s pedagogical philosophy is to improve service to and delivery of healthcare to populations and stakeholders served by health administration managers and leaders.
#8. George Washington University
- Tuition fee: $113,090
- Acceptance rate: 35.82%
- Duration of program: 12 to 38 months depending on your study pace
- Location: Washington
George Washington University offers an accelerated MBA in healthcare administration online that combines business and healthcare to create a specialty graduate degree that can be tailored to a specific area of healthcare.
Graduate certificates in healthcare quality, health sciences, integrative medicine, clinical research, and regulatory affairs are also available to students.
The program is completely online and has been accredited by the Association to Advance Collegiate Schools of Business International (AACSB).
Business ethics and public policy, decision-making and data analysis, and foundational management topics in healthcare are among the courses offered.
#9. Maryville University
- Tuition fee: $27,166
- Acceptance rate: 95%
- Duration of program: 12 month
- Location: Missouri
Maryville University offers online healthcare management degrees for students who want their coursework delivered online. The Maryville MBA program has nine concentrations, one of which is healthcare management, in which students learn key management and leadership business functions as they apply to healthcare settings and organizations.
Students must have a bachelor’s degree from an accredited institution, transcripts, and a personal statement to be considered for admission. No test scores are required. Students who take two courses per eight-week term can complete the degree in 14 months.
Ethics in healthcare, the healthcare industry, practice management, and quality and population health management are among the topics covered.
#10. Â University of Massachusetts
- Tuition fee: $925 per credit
- Acceptance rate: 82%
- Duration of program: 1 year
- Location: Amherst, Massachusetts
The Isenberg School of Management at the University of Massachusetts Amherst offers online MBA programs in healthcare administration. Students may enroll in the program during the fall, spring, or summer semesters.
GMAT test scores (570 GMAT average), 3-5 years of professional work experience, a bachelor’s degree from a regionally accredited institution, personal statement, transcripts, resume, and letters of recommendation are all required for admission.
Business intelligence and analytics, data management for business leaders, financial management for health institutions, and health care quality and performance improvement are all possible courses.
MBA in Healthcare Management Career Opportunities
An MBA in healthcare qualifies you for top positions in hospitals and healthcare facilities. This also provides an opportunity to work as a consultant, which allows for a lot of flexibility and the ability to make connections.
Some of the positions that require an MBA in healthcare include:
- Hospital Administrator
- Hospital CEO & CFO
- Healthcare Associate
- Hospital Operations Executive
- Medical Practice Manager
MBA in Healthcare Management Salary
Management, administrative, and leadership positions in healthcare typically pay around $104,000, with senior-level positions paying more than $200,000.
Frequently Asked Questions
Why do MBA in healthcare management?
With healthcare expanding at a rapid pace, several new hospitals are springing up across the country. However, because one is dealing with the lives of patients, running a hospital or any healthcare facility is a challenge. There is no room for error, and it is critical to ensure that the system is error-free. This is why the healthcare industry requires professionals with advanced degrees, such as an MBA.
Is an MBA in Healthcare Management Simple?
Candidates for this program must learn a specific set of skills. It can be demanding while also enriching. Exams are held every semester, so students must constantly prepare. This is a two-year course with a large syllabus. However, with proper guidance and dedication, the objectives can be met on time.
What is one-year MBA in health care management?
The one-year MBA (Master of Business Administration) in Healthcare Management program is designed for healthcare professionals who want to advance their careers in the health care industry.
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Conclusion
In the past, getting employed by a healthcare organization meant gaining clinical experience. The demand for healthcare management professionals is increasing as more organizations try to manage costs and keep up with legislative changes.
Because management in the health sector is unique, having an MBA in health management can help you get hired as a manager or administrator with hospitals, clinics, practices, or other agencies.
Once you’ve gotten your foot in the door, you’ll have job security and plenty of room for advancement as you gain experience.