Master in Healthcare Administration

The healthcare industry is one of the largest and fastest growing in the industry and currently employs more than a million people. Like all organizations, healthcare providers are increasingly focusing on improving the quality of healthcare, while implementing methods to reduce overall costs. In order to achieve this goal, and to manage hundreds of other functions at hospitals and clinics, healthcare administration professionals are employed. In addition to performing managerial functions, they look after finance, human resources, training, public relations, record keeping and quality assurance.

  1. What is healthcare administration?
  2. What is the master of healthcare administration?
  3. Course Topics
  4. Enrollment Trends in Masters in Health Professions
  5. What can you do with a master’s in health administration
  6. What are the future prospects
  7. Where to work with masters in health administration
  8. How much can you make with a master’s degree in health administration

What is the master of healthcare administration?

The Master of Healthcare Administration is a two-year long graduate level degree that is designed to help students develop vital leadership and management skills in order to manage the operations at a healthcare facility.  The curriculum includes courses such as financial management, economics, biostatistics, health management, public relations, medical and insurance law and health information systems. Students must also complete a thesis based research project before they are allowed to graduate.

Course Topics

Healthcare studies offer a very broad spectrum of courses.  For a master’s in healthcare administration, the courses involved will allow you to explore various aspects of the industry, revolving around the laws and policies that govern the American healthcare system.
Since this degree also involves an administration aspect, you will not only be studying pure healthcare sciences, but will also be given the opportunity to explore the business aspect of healthcare. You will delve into the fundamental structure of successful organizations, dealing with topics such as accounting, marketing and personnel management. You will explore the inner and outer operations of an institution and the principles that are applied to health care courses. This would include specific policies, procedures and laws.
Common courses taught in this program would include the likes of:

  • Healthcare cost management
  • Health care ethics
  • Health care law
  • Economics
  • Leadership
  • Conflict resolution
  • Leadership
  • Healthcare resource management
  • Healthcare logistics
  • Financial management and budgeting

Keep in mind that a master’s degree typically includes a thesis at the end.

Enrollment Trends in Masters in Health Professions & Related Programs

Absolute Annual Enrollments

Healthcare absolute enrollments chart

Absolute Annual Enrollments Yearly enrollments in masters in healthcare majors have almost doubled within 12 years, showing an overall improvement of 92.31% between 2000 and 2012.

Relative Annual Enrollments

Relative Annual Enrollments for healthcare degrees

Relative Annual Enrollments – Student Interest Level: In the 9 years between 2003-04 and 2011-12, student interest level in enrolling in healthcare related majors has shown a gradual increase, culminating in a high 11.1% towards the end.

What can you do with a master’s in health administration

With a master’s in health administration, you can basically take two paths:

Further Education: After a master’s degree, the natural path towards further education is a doctorate program. A Doctor of Public Health is a research based degree that allows you to explore areas such as health promotion, public health policy, and primary health care and rehabilitation studies. Most universities have their own research facilities for the purpose of advance studies in healthcare. Students complete projects in a vast set of areas such as international health, populations at risk, counseling and psychological health, illnesses and disability, gender and health, palliative care, health information management and health policy.

Careers: The second path you can choose is of a career. MHA graduates typically work in positions overseeing the business aspect of the healthcare industry, including clerical and financial issues of medical care. They also ensure that the healthcare institution meets all its medical, legal, ethical and financial regulations.

Graduates are prepared for careers as senior professionals and practitioners in health care, health promotion, public health and health policy.  This field is also expected to experience growth in the next few years, according to the Bureau of Labor Statistics, which states that healthcare administrator jobs are likely to see 23% job growth from 2012 to 2022.

What are the future prospects

The rapidly increasing number of the elderly population in the country is expected to increase the demand for medical services, and create nearly two million new jobs in healthcare. The need to effectively manage such a large workforce, and to keep up with the technological innovations in healthcare is set to increase the demand for healthcare administration professionals by about 16% over the next decade. The Master of Healthcare Administration is the ideal choice to take advantage of this amazing growth, and obtain a highly rewarding career at a large hospital, private clinic, diagnostic center, medical research organization or state or federal health department.

Where to work with masters in health administration

With a master’s degree in health administration, you may acquire the position of a health and service manager. Health service managers can be found in both small and large organizations. They generally do office work, but need to work for long hours. Although, their work schedules do not vary a lot, they may need to work overtime or work more in certain emergency situations. According to the Bureau of Labor Statistics (BLS), the top industries where health and service managers were employed in 2012 were as follows.

  • Hospitals; state, local, and private
  • Ambulatory healthcare service
  • Nursing and residential care facilities
  • Government

How much can you make with a master’s degree in health administration

A master’s degree in health administration can lead you to a career such as health service manager. The salary of health service managers can vary depending on the type and size of facility they work in. It can also depend on their level of responsibility. BLS mentions the following statistics for the salary of health service managers.

  • The median annual wage for health service managers was $88,580 in May 2012
  • Lowest ten percent professionals earned less than $53,940
  • Top ten percent professionals earned more than $150,560

How Long Does It Take to Get a Master in Healthcare Administration?

A Masters in Healthcare Administration (MHA) degree is a two-year long program designed to give students a strong foundation in management of hospitals and other healthcare organizations. Some colleges might offer this program in an entirely or partly online format, though most programs would require some component of classroom instructions and practical lab work.

What Are the Requirements to Get a Master in Healthcare Administration?

To get a Master of Healthcare Administration degree, you will need to complete coursework in Population Health, Organizational Behavior, Healthcare Economics, Health Policy, Management of Healthcare Organizations, Healthcare Communications and Marketing, Statistical Analysis, Financial Management and Strategy Formation and Implementation. To get into an MHA program, you should ideally have a cumulative GPA of 3.0, a good GRE or GMAT score and some professional experience.

How Much Can I Earn after I Get a Master in Healthcare Administration?

According to the US Bureau of Labor Statistics, Medical and Health Service Managers made an annual median income of $99,730 in 2018. This occupation is expected to experience a stellar growth at 20%, with 72,100 jobs to be added in the years from 2016 to 2026. The top industry for this occupation was the government. 

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