Healthcare Management is one of the most popular areas of study in today’s healthcare employment. The employment of healthcare managers is projected to grow 23 percent from 2012 to 2022, much faster than the average for all occupations. Healthcare will account for 3.1 million new jobs by 2022, according to the US Bureau of Labor Statistics and the current mean average salary for a Healthcare manager is $103,680. Students who are pursuing careers as healthcare managers are best prepared by earning a graduate degree from one of the countries leading healthcare management or Healthcare administration programs.
What is Healthcare Management?
Healthcare Management, also known as healthcare administration, involves those professionals responsible for managing the various healthcare facilities and organizations taking care of the nation’s health needs. Healthcare managers plan, direct and coordinate medical and health services in hospitals, clinics, managed care organizations, public health agencies, or similar organizations. Some of the responsibilities of healthcare managers are:
- Enforce compliance with current laws and regulations
- Coordinating healthcare services and staff to ensure maximum efficiency
- Supervising lower-level management within a facility
- Responsible for general financial matters in their healthcare facility
- Creating and managing work schedules of employees
Healthcare managers work in a variety of settings including: clinics, consulting firms, health insurance companies, healthcare associations, hospitals, nursing care facilities, physician practices, mental health organizations, public health departments, rehabilitation centers, and academia.
What are the Best Healthcare Management Degree Programs?
According to the US News and World Report list of Best Healthcare Administration Graduate Programs, the following universities and colleges are top in the field:
- # 1 – University of Michigan – Located in Ann Arbor, Michigan
- # 2 – University of Alabama –Located in Birmingham Alabama
- # Tied for 3 – University of Minnesota Twin Cities – Located in Minneapolis, Minnesota
- # Tied for 3 – Virginia Commonwealth University – Located in Richmond, Virginia
- # Tied for 5 – Rush University – Located in Chicago, Illinois
- # Tied for 5 – University of North Carolina Chapel Hill – Chapel Hill, North Carolina
- # Tied for 7 – Saint Louis University – Located in Saint Louis, Missouri
- # Tied for 7 – John Hopkins – Located in Baltimore, Maryland
- # Tied for 10– Ohio State University – Located in Columbus, Ohio
- # Tied for 10– University of Washington – Located in Seattle, Washington
- # Tied for 10– Trinity University – Located in San Antonio, Texas
You can check out this website for information on other top schools for Healthcare Management in the country:
US News and World Report Best Graduate HCM Programs
How Much Will a Graduate Degree in Healthcare Management/Administration Cost?
The cost of a graduate degree in Healthcare management/administration will vary depending on some of the following:
- The specific school you choose
- The area of healthcare management you plan to work in
- What part of the country your school is located
- The level of degree you choose to pursue
A master’s degree in healthcare administration can cost anywhere between $13,800 – $39,000 for in-state tuition and fees of $24,000 – $59,000 for out-of-state tuition and fees. This cost represents tuition and fees only for a two-year graduate program (the most common).