A Master’s in Healthcare Administration is a professional degree that teaches the fundamentals of health administration, such as the management of hospitals and other major organizations. Students will also touch upon issues such as healthcare economics, healthcare marketing, human resource management, and information systems management.
This interdisciplinary major looks at health policy and business approaches to creating better health outcomes in the community.
What kind of Healthcare Administration degree should you get?
The most common master’s degree in the professional health field is the Master of Healthcare Administration (MHA). These programs are linked with public policy, and thus many universities will offer this degree through their school of public policy or separate health school.
While some schools may offer this degree with concentrations about specific aspects of the healthcare system, in general an MHA degree will combine healthcare knowledge and management theories.
In addition, because MHA degrees are very closely related to business, some colleges will offer a Master of Business Administration (MBA) with a focus in Healthcare Administration.
Other schools will allow students to take classes in both business and healthcare and receive a dual MBA-MHA degree. This path is ideal for students who wish to perhaps learn more about the business, corporate, and economic side of the healthcare system. If you’re interested in online education, be sure to check out College Choice’s Best Online Master’s in Healthcare Administration Degrees.
How much money do people make with a Master’s in Healthcare Administration?
In 2015, the median salary for all medical and health service managers was $94,5000. However, salaries ranged from $56,230 to $165,380 during this period, meaning that location, industry, and job title made the difference when it came to actual salary.
According to Payscale, some typical salaries included: Healthcare Administrator ($69,401), Healthcare Consultant ($73,198), or Director of Operations ($103,988). The most popular cities to work in for this field include Chicago, New York, Houston, Dallas, and Austin.
Where you work and the level of responsibility your job title holds also impacts salary. According to a 2010 study done by the Medical Group management Association, administrators in practices with fewer than six doctors made $86,000, but with over 26 doctors the salary went up to as much as $150,000.
What can you do with a Master’s in Healthcare Administration?
An MHA degree gives graduates the necessary skills they need to enter into upper-level managerial positions in the healthcare field. An MHA degree not only pays well, but also gives students hands-on experiences through its residency program. During this experience, students get a paid placement in reputable healthcare organizations, working alongside other professionals.
MHA degree graduates can work in a variety of fields, both in the public and private sector. These workplaces include hospitals, clinics, group physician practices, outpatient care centers, mental health organizations, rehabilitation center, and long-term care facilities. Some possible job titles are practice manager, chief nursing officer, director of patient safety, and administrator.
What are the requirements for a Master’s in Healthcare Administration?
A strong applicant for an MHA program would have graduated with a health-related bachelor’s degree from an accredited university with a cumulative GPA of 3.0 on a 4.0 scale. Schools also look at work experience and community service.
Most programs require students to submit their Graduate Record Examination (GRE) or Graduate Management Admission Test (GMAT) scores, but some programs will allow students to skip this requirement if they possess at least two years of experience in a professional healthcare setting.
What are the best Master’s in Healthcare Administration?
College Choice has compiled a list of the 35 best Master’s in Healthcare Administration, ranking schools based on their institutional excellence and student success rate. Data was gathered from individual school websites, the National Center for Education Statistics’ IPEDS database, Payscale, and the U.S. News & World Report. Student-to-faculty ratio, tuition costs, projected early career salary, graduation rate, etc. were all taken into consideration when creating this ranking.
See our rankings methodology page.