Career opportunities in healthcare continue to expand, even beyond the more widely acknowledged nursing and physician professions. The U.S. Bureau of Labor Statistics (BLS) projects that employment of medical and health services managers will grow 28% from 2022 to 2032, placing this occupational group on BLS list of the fastest growing occupations in the country. The Texas A&M University-Corpus Christi (TAMU-CC) online Master of Business Administration (MBA) with a Concentration in Healthcare Administration program equips students with the specialized knowledge and skills required for upper-level managerial opportunities in healthcare settings.
Why Is the Demand for Healthcare Administrators Increasing?
The healthcare needs of aging Baby Boomers and a shortage of healthcare professionals both contribute to an unbalanced supply-and-demand ratio in healthcare fields. The shortage of healthcare professionals extends beyond direct healthcare providers to healthcare administrators and leaders, too.
Approximately 58 million people in the U.S. were age 65 years of age and older as of 2022, according to the Population Reference Bureau (PRB). By 2050, the number of people aged 65 and older will grow to 82 million, according to PRB projections. Reports estimate that the hospitalization rate of U.S. adults over age 65 is three times higher than in younger adults, and the older population visits doctors 20% more frequently. Plus, these statistics — along with the complexity of care individuals need — continue to increase as the older population ages.
The rising demand for healthcare professionals and specialists around the country creates career opportunities in healthcare. Job openings include executive leadership positions to support patient care teams.
What Jobs Are Available?
Healthcare administrators are responsible for the smooth operation of a hospital, hospital system or healthcare organization. Like business administrators in other fields, they deal with finances, personnel and government regulations, but medical and health services administrators may also manage a particular clinical area or department within a hospital. Further, these professionals could direct a medical practice for a group of physicians. Job duties include comprehensive planning and coordination of medical and health services, budgeting, staff supervision and focusing on ways to improve the overall efficiency and financial effectiveness of an organization.
Job prospects are promising for medical and health services managers. Along with rising employment demand, managers planning to retire over the next decade will create additional job openings. If healthcare utilization continues to grow at the current rate, the number of skilled professionals must also increase.
How Would an MBA Focused on Healthcare Administration Prepare Students to Enter This Field?
The TAMU-CC online MBA with a concentration in Healthcare Administration blends essential business knowledge with a focus on healthcare operations. The online program offers flexibility and convenience to working professionals. Dedicated faculty members teach the program with a focus on students’ academic and career success.
Concentration courses include The Health Care System, Health Economics & Policy, Health Care Financial Management, and Health & Law Ethics. The College of Business at TAMU-CC is fully accredited by the Association to Advance Collegiate Schools of Business (AACSB International).
TAMU-CC’s MBA in Healthcare Administration program enables students to accomplish the following:
- Understand the essentials of the U.S. healthcare system and related concerns in healthcare delivery
- Study the principles of healthcare economics and the implications for public policy
- Learn financial management techniques required for management roles in the healthcare environment
- Focus on healthcare law and ethics concerns
The growing demand for healthcare managers promises a wealth of career opportunities in facilities ranging from nursing homes to hospitals. Through a specialized MBA program, leaders with a passion for service can gain the knowledge and skills to stand out in the job market.
Learn more about the TAMU-CC online MBA in Healthcare Administration program.
