Best Online Master’s in Healthcare Management Degrees 2021

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Healthcare management master’s degree programs often cover topics like healthcare improvement, medical informatics, and healthcare finance. Graduates can work in roles like nursing home director, clinic director, health information manager, and medical office manager. Master’s applicants typically need a bachelor’s degree from an accredited school. Other common application requirements include prerequisite coursework, recommendation letters, relevant professional experience, and standardized test scores.

Earning a healthcare management degree online often helps working professionals advance their careers. Graduates qualify for high-paying leadership roles, such as medical and health services manager. These professionals make a median annual salary of $100,980, according to the Bureau of Labor Statistics (BLS). The BLS also projects jobs for these professionals to increase 32% between 2019-2029.

What Are the Requirements for a Healthcare Management Degree?

To enter online healthcare master’s programs, candidates typically need an accredited bachelor’s degree. Some programs look for applicants with related degrees and/or professional experience. Schools may also require applicants to submit official transcripts, resumes, recommendation letters, and/or GRE/GMAT scores.

Online master’s in healthcare management degree programs often comprise 30-60 credits, including core, elective, and specialization courses. Students new to healthcare may also need to complete foundational coursework before or during their healthcare management master’s program.

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FAQ


  • What can you do with a degree in healthcare management?

    Graduates with a healthcare management degree can pursue diverse roles, such as clinic director, medical office manager, and medical records manager.


  • What is the difference between healthcare management and healthcare administration?

    Healthcare managers often focus on big-picture issues and initiatives, whereas healthcare administrators tend to focus on daily operations.


  • How long does it take to complete a master's degree in healthcare management?

    Master’s degrees usually take 2-3 years to complete. However, accelerated online healthcare management degrees may offer shorter completion times.


  • Is a master's degree in healthcare management worth it?

    Current PayScale salary data indicates that master’s graduates in this field earn around $70,135 annually, on average, compared to the $66,832 average of bachelor’s graduates. MBA in healthcare management graduates make an average of $83,241 annually.


What is Accreditation and Why Does it Matter?

Best Online Master’s in Healthcare Management Degrees 2021

  1. Penn State World Campus
    Location

    University Park, PA

    Tuition

    $$$$$

    Based in University Park, Penn State World Campus offers an online master of business administration with a concentration in healthcare business. Students learn foundational skills in the business realm, with the option to specialize in healthcare institutions' needs.

    The 48-credit curriculum begins with business foundation courses in team performance, leadership communications and change management, data analysis for decision-making, and economics for business strategy. Healthcare track students complete a nine-course sequence, including an introduction to healthcare services organizations and delivery, introduction to health economics, and financial management in health organizations.

    Applicants need a bachelor's degree in any field with a competitive GPA and strong GMAT scores to qualify for admission. The school may waive GMAT requirements for students who already possess graduate degrees in any field.

    Penn State World Campus is regionally accredited by the Middle States Commission on Higher Education. The school also boasts programmatic accreditation from the Association to Advance Collegiate Schools of Business.

  2. Florida International University
    Location

    Miami, FL

    Tuition

    $$$$$

    A public university located in Miami, FIU offers an online MBA in healthcare. Students can complete the 42-credit program in as little as 18 months. The program requires three residencies.

    In addition to courses necessary for Lean Six Sigma certification, students take business courses such as accounting for managers, corporate finance, managerial decision-making in health economics, and healthcare fraud and abuse law and regulation. Residencies happen on campus or online, but students who live more than 30 miles away may attend on-campus residencies with free lodging. The program also offers the opportunity to travel abroad.

    Applicants need a bachelor's degree and a minimum 3.0 GPA to qualify for admission. Students must also possess two years of relevant work experience. The school encourages, but does not require, GMAT or GRE scores.

    FIU is regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges. The program also boasts subject-specific accreditation from the Commission on Accreditation of Healthcare Management Education.

  3. The University of North Carolina Wilmington
    Location

    Wilmington, NC

    Tuition

    $$$$$

    A public research university in Wilmington, UNCW offers an online master of business administration with a specialization in healthcare management. Full-time students can complete the program in about 12 months.

    The 36-credit program includes courses in business, such as business law, business analytics, information analysis and management, and strategic management. Students then complete a series of electives in healthcare management, such as healthcare analytics and introduction to healthcare systems.

    Applicants must complete at least two years of relevant professional experience to qualify for admission. Students also need a bachelor's degree with a minimum 3.0 GPA and a minimum 500 GMAT score. Those with more than five years of work experience may waive the standardized test requirement.

    UNCW is regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges. The school also holds programmatic accreditation from the Association to Advance Collegiate Schools of Business.

  4. Johns Hopkins University
    Location

    Baltimore,

    Tuition

    $$$$$

    A private research university located in Baltimore, Maryland, Johns Hopkins offers a flexible online master of business administration with a concentration in healthcare management. Students complete all coursework online and participate in three on-campus residencies.

    Students begin with two required courses: frameworks for analyzing healthcare markets and healthcare law and regulation. From there, students complete four elective courses from choices such as accounting for decision-making in healthcare, pharmaceutical strategy, fundamentals of healthcare systems, and health marketing and access. Learners also complete foundational business courses, including economics for decision-making and business leadership and human values.

    Applicants need a bachelor's degree and GMAT or GRE scores to qualify for admission. Learners with a minimum 3.0 GPA and three years of professional work experience may waive the GMAT or GRE requirement.

    Johns Hopkins is regionally accredited by the Middle States Commission on Higher Education.

  5. Florida Atlantic University
    Location

    Boca Raton, FL

    Tuition

    $$$$$

    Located in Boca Raton, FAU offers an online master of business administration with a concentration in healthcare administration. Students can complete the program in as little as 16 months.

    The program begins with required business courses, including financial accounting concepts, communication strategies for business professionals, and advanced marketing management.

    From there, learners choose healthcare-specific courses for their concentration, including an introduction to healthcare systems, planning and marketing in healthcare, global issues in healthcare delivery, and health policy. The program enforces no residency requirements, allowing students to continue working while studying.

    Applicants need a bachelor's degree in any field with a minimum 3.0 GPA to qualify for admission. Students also need at least four years of relevant work experience for eligibility. The school requires students to submit GMAT or GRE scores (waived through 2022).

    FAU is regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges. The program also boasts subject-specific accreditation from the Association to Advance Collegiate Schools of Business.

Why Get a Degree in Healthcare Management?

Graduates with an online healthcare management degree at the master’s level enjoy many professional advantages, several of which we highlight below.

Career Advancement
Especially when combined with experience, advanced degrees can help graduates qualify for competitive leadership positions in healthcare.
Salary Increase
Graduates with a master’s degree often enjoy higher salaries and more opportunities for advancement than professionals with only a bachelor’s degree.
New Skills
Master’s degree programs cultivate specialized skills and knowledge that prepare students for a variety of career opportunities.
Networking Opportunities
Online healthcare management degree programs often provide networking opportunities, which can help professionals advance their careers.
Access to a Booming Industry
This degree path prepares students for in-demand healthcare careers, a booming industry nationwide.

What Are the Requirements for a Healthcare Management Degree?

To enter online healthcare master’s programs, candidates typically need an accredited bachelor’s degree. Some programs look for applicants with related degrees and/or professional experience. Schools may also require applicants to submit official transcripts, resumes, recommendation letters, and/or GRE/GMAT scores.

Online master’s in healthcare management degree programs often comprise 30-60 credits, including core, elective, and specialization courses. Students new to healthcare may also need to complete foundational coursework before or during their healthcare management master’s program.

What is Accreditation and Why Does it Matter?

Courses in Healthcare Management

Most online healthcare management degree programs cover core topics like organizational leadership, personnel management, and healthcare finance. Learners may also study topics like healthcare informatics, healthcare law and policy, and healthcare financial management.

Master’s in healthcare management programs may include internship and/or capstone requirements. Though courses vary by program, the following list outlines several courses commonly found in healthcare management master’s programs.

This course teaches students how to use business analytics methods to inform healthcare management practice. Enrollees learn techniques and tools for identifying and implementing evidence-based practices. They also learn how to assess cost effectiveness and make sound financial management decisions.

This course familiarizes learners with various healthcare information systems. Enrollees learn how healthcare information systems can help collect, store, protect, and analyze healthcare data. This course often appears as an elective or part of a concentration, but some programs require it as a core course.

This course studies the roles and methods of healthcare leadership within organizations. Enrollees study organizational behavior principles, theories, and practices that focus on improving organizational structure and employee performance. This course also cultivates knowledge and skills for managing groups.

The capstone encourages participants to apply their knowledge and skills to a project or internship that focuses on a real-world problem. Many online programs allow students to carry out their project or internship at their current worksite, if relevant.

Scholarships for Healthcare Management Students

Schools, private donors, companies, and nonprofit organizations often provide scholarships to help students offset the cost of a degree. Unlike loans, scholarships do not require repayment, making them ideal forms of financial aid. The following list outlines several scholarship opportunities for students earning a healthcare management degree online.

AHIMA Foundation Merit Scholarships

Who Can Apply: The American Health Information Management Association’s merit-based scholarships support undergraduate and graduate healthcare management students. Applicants need a minimum 3.5 GPA and AHIMA membership. They also need at least 24 completed credits, with at least six credits remaining after the award date.

Amount: $2,000

Albert W. Dent Graduate Student Scholarship

Who Can Apply: This scholarship supports racially and ethnically diverse individuals in their final year of a healthcare management graduate program. Applicants must be studying full time and demonstrate financial need.

Amount: $5,000

Medical Group Management Association Membership Western Section Scholarship

Who Can Apply: Graduate and undergraduate students in medical practice management-related programs may apply to this scholarship. Applicants must be members of the Medical Group Management Association (MGMA) and reside in the MGMA western region.

Amount: $2,500

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