The degree programs Master of Business Administration (MBA) in Healthcare Management and Master of Health Administration (MHA) are both designed for those who want to learn more about the business side of the healthcare industry. Hence, the curriculum of these masteral programs is varied and diverse, but will always include topics on developing leadership strategies, managing the healthcare system, finances within the healthcare industry, healthcare information systems, and more. For those who want to take on a position of senior leadership in this field, it is vital to obtain either the MHA or the MBA in Healthcare Administration. This will allow them to become leaders in healthcare services.
Salary and Job Outlook
The U.S. Bureau of Labor Statistics (BLS) has indicated that the median salary for health services managers with bachelor’s degrees was $94,500 per year as of May 2015. Those who have a master’s degree usually earn approximately $15,000 more each year. In Iowa, the rates for healthcare managers are higher than states like Arkansas and Alabama, but lower than Texas and California, for instance. Their annual salary is between $61,890 and $90,230, one of the lowest rates in the country. The median salary in Iowa is $80,920 for healthcare managers. According to the BLS, healthcare managers can expect to see a growth of 17% in demand from 2014 to 2024, which is much faster than the national average. It is believed that this growth will be sustained because the elderly population is increasing and the healthcare needs and demands are becoming more complex, just like in the rest of the country. Additionally, since the implementation of the Affordable Care Act, there is an increased need for health services managers who would be able to push down the cost of healthcare down without affecting the quality of care.
If you want to study towards an MBA in Healthcare Management or an MHA, it is very important that you find the school that is right for you and that you evaluate the different possible choices. Unfortunately, there is only one university in Iowa that offers an MBA with a healthcare management concentration, and only one other school that offers the MHA degree program. It is important, therefore, that you compare both the schools before you decide where to enroll.
1. The University of Iowa – College of Public Health
At the University of Iowa, College of Public Health, students can take part in a program that immerses them in both the health industry, and management techniques. The program looks strongly at policy and management techniques within the field of health care, while at the same time providing them with the skills and knowledge to be managers at the senior level in a variety of different fields.
The MHA-MBA combined, or dual degree, achieves this, in a way that is different from an MBA with a health administration concentration because the entire curriculum of that degree is generally focused on the field of health care. At the University of Iowa, however, students truly complete two degrees, making sure that they have both the transferable skills needed across all industries, and those that enable them to apply those transferable skills specifically to the field of health care. As a result, the degree is somewhat longer than most other MBA or MHA degrees, requiring 75 semester hours, which takes at least three years to complete.
Additionally, students must be admitted to both the MBA and the MHA program in order to be considered for the dual degree. This is a rigorous program and requires full commitment from those who want to complete it. However, graduates are in incredibly high demand for management positions all over the country. They, like no other, are able to understand the business side of the health care industry, which is about bringing down costs while also understanding the importance of never compromising the quality of health care delivery.
• Campus: Iowa City, IA
• Type: Public
• Accreditation: AACSB
• Tuition: $17,163 per year for Iowa residents living off campus and $37,401 for non-Iowa residents living off campus
• Minimum time commitment: Three years
• Online availability: No
• Degree requirements: Bachelor’s degree, GPA of 3.0 minimum, GRE, TOEFL if applicable.
• Programs: MHA-MBA Combined Degree
• School Site: Tuition and Financial Aid
2. Des Moines University
At Des Moines University, the faculty members understand that, while health care organizations are now being run like businesses, they are actually far more than that. They do need people who are expert managers and who have a business perspective in their approach to work, but they should never lose touch with the human side. Health care is about placing the patient at the heart of the operations, meaning that it is a people intensive role, not something that is focused on profit. This is something that most business people struggle with, which is why this particular program is so popular. It delivers graduates with truly unique leadership skills, who know how to perform while at the same time deliver a service while placing the quality of that service as a top priority. Des Moines University, meanwhile, has created a Master of Health Care Administration degree that is incredibly rigorous so that graduates are able to take on important roles in the health care industry, an industry that is forever changing.
Des Moines University particularly prides itself on how comprehensive their degree is, effectively teaching students everything they need to do. This includes health policy, leaders and development, health information management, financial management, and much more. All of these elements are vital if a health care organization is to be successful, which means that they can deliver the highest standards of patient care, while at the same time sticking to a tight budget. Those who graduate with a Des Moines University degree have very strong skills in each of those areas, effectively being experts, and it is for this reason that they are able to take on key positions of leadership.
The faculty members at Des Moines University believe that the best way to teach is by providing experience. This is why each member of the faculty is a national health leader and true scholar, who has had years of professional experience. They bring to the classroom knowledge and experience on the topics within the field of health care that matter today. The professors in the degree program take a leading role in the overall learning experience, while at the same time encouraging students to collaborate together with their peers and learn from each other. Students from all over the country attend Des Moines University, each with a unique perspective and experience on the overall health care industry.
The program is surprisingly affordable and it has been designed to fit around the student’s life. This is why they offer numerous options for enrollment for part time and full time students. They offer some online experience, as well as classroom instruction on campus, ensuring that the students get the best of everything: face to face interaction, and also the most modern forms of technology.
• Campus: Des Moines, IA
• Type: Private
• Accreditation: CAHMA
• Tuition: $28,704 for the full program
• Minimum time commitment: 2 years
• Online availability: Yes
• Degree requirements: Transcripts, references, statement of purpose, resume, TOEFL if applicable.
• Programs: Master of Health Care Administration
• School Site: Tuition and Financial Aid