Maryland MBA Healthcare Degrees

The Master of Business Administration (MBA) in Healthcare Management and Master of Health Administration (MHA) degrees are often used as valuable stepping stones by those who are aspiring to become senior executives in health care organizations. The curriculum for such programs would vary depending on the school and the concentration, but it will always include topics such as management strategies, managing the finances of the business side of the healthcare industry, management of healthcare information systems, and so forth. If you hope to take on a position of senior leadership in this field, then it is advisable to complete either an MHA or and MBA with a concentration on Healthcare Administration. In so doing, you will be able to become equipped with the necessary information, skills and experience in handling the challenges faced by this industry.

Salary and Job Outlook

The U.S. Bureau of Labor Statistics (BLS) has indicated that the median salary of health care executives at bachelor’s degree level was $94,500 per year when they surveyed in May 2015. But for those with a master’s degree, they have been found to earn approximately $15,000 more per year. In Maryland, there are about 9,280 healthcare managers. This is more than in states like Nebraska and Kansas, but less than in states like California and Texas. Their annual salary is $111,420. This is higher than in states like Louisiana and Idaho, but lower than in states like Connecticut and New Jersey.

According to the BLS, healthcare managers are predicted to experience a 17 percent rise in employment opportunities from 2014 to 2024. This is a much faster rate when compared to the increase in demand for other professions. It is believed that this growth would continue for a long time. There are three basic reasons for this. First, the population of the state is aging because the members of the baby boom generation are getting older. Second, the population has been experiencing more complicated healthcare needs. Finally, the implementation of the Affordable Care Act has caused an increase in the demand for executives who are capable of bringing down the cost of healthcare while ensuring that the quality of care is maintained.

Those who plan to obtain an MBA in Healthcare Management or an MHA would find it advisable to look for the right school for their specific requirements. This can be done by reviewing the different alternatives. Below are the only three MBA in Healthcare Management programs available in Maryland. Try to contact each of these because it is advisable to contact at least three schools before deciding on where to enroll. You may also want to consider studying fully online or choosing an out of state alternative.

1. University of Maryland – School of Public Health

At the University of Maryland, School of Public Health, students can take part in a Master of Health Administration program. This particular degree program was created to ensure that students are exposed to a multi-disciplinary, rigorous program, looking at issues, such as financial management of the health organization, health service information systems, strategic management of human resources, health economics and analysis, health law and ethics, health policy, health behavior and determinants, biostatistics, environmental health, epidemiology, public health services administration, health care leadership and communications, quality assessment and evaluation, marketing for competitive health services, and more.

The degree program takes 46 credits to complete. As a professional degree, it ensures that graduates are ready to take on positions of leadership in any health care organization, regardless of its complexity. This includes areas such as state agencies, public health clinics, rehabilitation agencies, managed care organizations, long term care facilities, hospitals, and others.

This country’s largest industry now has to do with public health and health services. In fact, the system is responsible for a seventh of the country’s gross national product. The World Health Report 2000 has also reported that it is vital that the health care system becomes conceptualized as soon as possible, so that it includes not just health services, but also social welfare activities and public health. According to the Department of Health Services integration, it is in fact vital to take a more integrated approach, as this will help to better address the current population’s health needs. This requires leaders who are able to manage the rapidly evolving and changing industry as a whole. These professionals are also able to anticipate how future changes are likely to come about, and how these will impact the global economy and the field of health care at the same time.

The MHA program offered by the University of Maryland is the equivalent of the Master of Public Health (MPH). It has received and maintained Council on Education for Public Health (CEPH) accreditation. To graduate, students must take part in 16 individual courses, five of which are MPH courses, and nine of which are courses in cognate elements. Additionally, they must take part in a capstone or thesis program, as well as an internship.

• Campus: College Park, MD
• Type: Public
• Accreditation: CEPH
• Tuition: $777 per credit for in state students and $1,376 per credit for out of state students
• Minimum time commitment: 46 credits
• Online availability: No
• Degree requirements: GPA of 3.0 minimum, transcripts, GRE, three letters of recommendation, statement of goals and interests, resume
• Programs: Master of Health Administration (MHA) Program
• School Site: Tuition and Financial Aid

2. University of Maryland – University College

The University College at the University of Maryland offers a Master of Science in Health Care Administration, or MSHCA. This program is targeted specifically at those who are already in mid-level management, and those who want to complete a focused and specialized graduate degree within the field of health care administration. Graduates are highly respected for their tremendous depth of knowledge in terms of how health care programs and services should be administered. This is achieved through a range of different courses, some of which focus specifically on health care administration or on general business. Those who were enrolled in this program before the Fall of 2016 and remained continuously enrolled can earn a dual degree of MSHCA and Master of Business Administration. However, before they can commence with the MSHCA, they must first complete all the requirements needed for the MSHCA program.

A number of courses have to be taken, including orientation to graduate studies at UMUC. This does not provide any credits, but has to be taken before a student is able to earn more than six credits. Other required courses include marketing and strategy management in the global marketplace, effective financial and operational decision making, and ethical leadership in organizations and society.

• Campus: Adelphi, MD
• Type: Public
• Accreditation: MSCHE, IACBE
• Tuition: $694 per credit
• Minimum time commitment: 36 credit hours (including capstone project)
• Online availability: Some
• Degree requirements: Bachelor’s degree, GMAT/GRE, TOEFL if applicable
• Programs: Master of Science in Health Care Administration/Master of Business Administration Dual Degree
• School Site: Tuition and Financial Aid

3. University of Baltimore – Merrick School of Business

At the Merrick School of Business of the University of Baltimore, students can take part in an MBA program that is designed around the needs of the student and prospective employer. Students can choose specialization courses in 11 different concentrations, including health care. The program can be completed parically or fully online if so desired.

• Campus: Baltimore, MD
• Type: Public
• Accreditation: AACSB
• Tuition: $1,236 per 1.5 credits for in state students and $1,723.50 per 1.5 credits for out of state students
• Minimum time commitment: 24 months
• Online availability: Yes
• Degree requirements: GMAT, transcripts, two letters of recommendation, resume, personal statement
• Programs: Master of Business Administration with a Specialization in Health Care
• School Site: Tuition and Financial Aid