A popular choice that still remains a popular choice for business-related studies is and MBA (Master of Business Administration) with a concentration in Healthcare Management. Many students may choose an MA, MS or even an MBA to get an additional exposure to a general overview of business with a larger range of courses designed to equip them to a wide range of business-related situations and roles. If you are looking to become an expert in a specific field and acquire a management, director or executive level position within a company, then a graduate program would be a good way to help you achieve that goal.
*Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, Healthcare Managers, on the Internet at https://www.bls.gov/oes/current/oes119111.htm (visited March 24, 2022).
An online graduate degree in healthcare management usually includes the same number of credit hours as it’s on-campus counterpart. That means it should take you about 18 months to 3 years to finish an online degree. However, if you are taking the degree online because of time constraints or work and family obligations, you may not be able to attend full-time and, therefore, it could take up to 3-4 years to attain your graduate degree.
Before choosing a major there are some important facts you should know about.
When you know that you want to major in healthcare management, you should find out if the colleges and universities you’re most interested in carry this major. You should check the academic catalogs of each university to verify which ones do carry a(n) healthcare management specialty and verify with your state’s department of education that the colleges you’re considering offer the appropriate graduate healthcare management education program you need for your field.
If a university you’re considering doesn’t carry a masters in healthcare management major, then it’s time to cross that school off your list. Keep checking the other schools. For those that do have a(n) healthcare management major, begin looking over their programs so you get a better idea which university interests you the most.
The two most prominent types of master levels in healthcare management are: Master of Arts degree (MA degree) in healthcare management and a Master of Science degree (MS degree) in healthcare management. A MA degree normally requires pupils to take fewer concentration courses as well as to focus more on discovering about healthcare management. These students have a little bit more flexibility when it pertains to customizing their education to meet their occupation objectives as well as goals.
The Master of Science degree in healthcare management, on the other hand, is much less concentrated on exploration and even more targeted to a specific focus. Master of Science students, usually, focus specifically on the area of their major and have a tendency to be more career focused. Master’s degrees in the clinical field, for example, are most likely to be a Master of Science degree. You can find some sample classes for a(n) doctoral below:
About 61% of college students complete their two-year healthcare management masters degree on time. The National Student Clearinghouse Research Center study if the question suggests that money and family income is a large factor in the rate of non-achievement. In-state public college tuition rates have traditionally been the lower range for leading schools. Depending on the college you are choosing, some colleges will have the same cost for in-state or out-of-state students, whereas other colleges may offer lower costs for students that are residents. According to FinAid.org, the average cost of master's degree for students is between $30,000 and $120,000.
Many students run out of money and take reduced course loads to accommodate increased work and other money-making activities. Low per-semester credit-hour rates means more time required to complete a graduate degree. Reducing the per semester course load from 12 to 9 or even 6 credit hours can add a year to the time needed to complete a masters program.
Among the reasons cited for the low rate of two-year completions were student decisions in course selection. Many students choose interesting subjects and neglect to grab key courses when available. The failure to take a required course when offered can add a semester to the completion of a major or concentration.
The student experience is a vital piece of information. The graduation rate is often a predictor of the student experience. Factors that can influence late graduation include the availability of required coursework and dropouts for financial reasons. School surveys often have information similar to customer satisfaction information on other businesses. It may be useful to see responses from recent graduates about their experiences. The student survey observations will not predict your experience, but they can lead to productive questions about the school and the doctoral degree program.
The college or university itself should be accredited. Look for a regionally accredited school based on that school’s location. The six regional accreditation agencies are The Middle States Association of Colleges and Schools, The New England Association of Schools and Colleges, The North Central Association of Schools and Colleges, The Northwest Association of Schools and Colleges, The Southern Association of Schools and Colleges, and The Western Association of Schools and Colleges.
Online-only schools should have accreditation from the Distance Education Accrediting Commission, the Distance Education and Training Council, or the Accrediting Commission of Career Schools and Colleges but they should also hold regional accreditation.
Accreditation is an important part of the selection process. It adds value to a graduate degree by offering wider acceptance than degrees from non-accredited schools receive. Accreditation ensures employers and other reviewers of your educational background that you have a quality education in healthcare management. It informs potential employers that the graduate has the expected level of education and knowledge to perform work in today’s high-paced, technology-driven environments.
The Department of Education designates regional and national accreditation agencies. It is also through this department that educational loans and grants are provided to college students. The federal policy is to limit student loans to schools and colleges with acceptable accreditation. Which means that, if your school isn’t accredited, you will likely not be eligible to receive any financial aid. For many students, accreditation is key to getting funds to pay for the substantial costs of a graduate degree in healthcare management.
The cost of a doctorate degree depends on the type of school and the amount of coursework required. Private schools typically charge more than public institutions. Online education reduces the costs of living on campus or in an expensive location. For-profit schools may charge less than the other types. Many public institutions have a two-tiered system of fees with lower fees for in-state students and higher fees for out-of-state students. National averages shed some light on costs and help students understand the costs charged by institutions they might select.
According to the US Department of Education, the average, annual out-of-state cost for a master program in healthcare management will vary based on the following factors: public, private, in-state or out-of-state and state of the school you are attending.
Below are The National Center for Education Statistics reports for average annual undergraduate cost estimates, in current dollars, for the 2016-17 academic year. The NCES surveyed the average annual costs for undergraduate tuition, fees, room, and board for public and private institutions. Keep in mind this is an average cost and does not factor in any financial aid like scholarships, grants and loans a student may be receiving.
The average cost of tuition: $19,488 at public in-state institutions or about $77,952 for four years. $24,854 at public out-of-state institutions or about $99,416? for four years. $41,468 at private nonprofit institutions or about $165,872 for four years. For masters programs, FinAid.org estimates the average cost of a master's degree for students is between $30,000 and $120,000.
If you are going to spend a lot of time and energy to attain an doctorate healthcare management degree, you will certainly want some job placement assistance as you near graduation. Discuss this with your admissions counselor when you are considering the right program. In fact, you might want to broaden that discussion by asking about how your school handles internships and if co-op programs are available. Experiential learning can help you not only gain the skills needed to land a job, but you can also cultivate a professional network that will help you build the career you deserve.