Missouri Healthcare Management MBA Degrees

The graduate courses known as Master of Business Administration (MBA) in Healthcare Management and Master of Health Administration (MHA) are believed to provide a pathway to become senior managers in healthcare organizations. The curricula for these degree programs are often varied, but will always include issues around the development of management strategies, managing the healthcare system, regulating cash flow within the healthcare organization, management of healthcare information systems, and so on. Those who plan to take on a position of senior leadership will want to complete either the MHA or the MBA in Healthcare Administration.

Salary and Job Outlook

The U.S. Bureau of Labor Statistics (BLS) has reported that the average salary for healthcare managers who simply have bachelor’s degrees was $94,500 per year as of May 2015. For those with a master’s degree, they are expected to earn around $15,000 more. In Missouri, there are about 7,360 healthcare managers. This is less compared to states like Ohio and Illinois, but more than states like South Dakota and Wyoming. Their annual salary is between $99,970 and $110,330. This is less than states like Florida and New York, but more than states like Oklahoma and Arkansas. According to the BLS, healthcare executives will enjoy a growth in demand of 17% from 2014 to 2024, which is a lot faster than the national average. It is also believed that this growth is sustainable because the population of the state is aging, as it is in the rest of the country. This is also because the population has increasingly complex healthcare needs. Furthermore, the implementation of the Affordable Care Act has made it necessary to search for managers who can bring the cost of healthcare down without compromising the quality of care.

If you want to study towards an MBA in Healthcare Management, or towards an MHA, it is very important that you find the right school for you and that you evaluate the various options that are available to you. Below are the five best MBA in Healthcare Management programs available in Missouri that you may want to consider. It is recommended to contact at least three schools before deciding which one to enroll in.

1. Southeast Missouri State University

The MBA program offered by Southeast Missouri State University is different from all other programs. It is very student centered, ensuring all questions are answered rapidly, making sure students’ personal needs are met as much as possible, and encouraging students to become actively involved in their education by keeping class sizes small. The Harrison College of Business offers the AACSB accredited program in which domestic and international students alike take part. Many of the student are employed full time, and this also enables them to share their professional experience with their fellow students.

The MBA does not offer a specific health care administration track. However, students have to choose three elective courses for the completion of their degree, and if they choose the three electives with a focus on health care, then they essentially have the equivalent. The three electives are:

1. Management of Health Systems: Strategy and Quality
2. Health Administration Policy
3. Health Care Budgeting and Reimbursement

• Campus: Cape Girardeau, MO
• Type: Public
• Accreditation: AACSB
• Tuition: $296.50 per credit hour for Missouri residents and $524 per credit hour for out of state residents
• Minimum time commitment: 2 years
• Online availability: Yes
• Degree requirements: AACSB accredited undergraduate business degree or equivalent, GMAT
• Programs: Master of Business Administration with Health Care Electives
• School Site: Tuition and Financial Aid

2. Missouri State University

At Missouri State University, students can take part in a degree program that will enable them to take on positions within health care management and administration. This field is both challenging and complex, which is why there is such a high demand for those who are able to deliver the highest standards of patient care, but in a way that is cost effective. The Master of Health Administration program offered by the school is incredibly flexible, including online courses, blended courses, and evening courses.

The degree is offered by the College of Business and includes a number of interdisciplinary courses, meaning students work together with those of other colleges. While the program can be completed in as little as two years, those who do not have any relevant work experience will generally take longer.

• Campus: Springfield, MO
• Type: Public
• Accreditation: HLC, CEPH
• Tuition: $6,544 per year for Missouri residents and $11,234 for non-Missouri residents
• Minimum time commitment: 36 credit hours
• Online availability: Some
• Degree requirements: Bachelor’s degree, GPA of 2.75 minimum, TOEFL if applicable
• Programs: Master of Health Administration
• School Site: Tuition and Financial Aid

3. University of Missouri – Robert J. Trulaske, Sr. College of Business

The University of Missouri offers the MBA and Health Service degree, which effectively combines two degrees. In order to complete the program, students must take part in an internship, during which they will be empowered to build networking relationships with national health care facilities, while also gaining practice experience. Essentially, the degree enables students to graduate from both an MBA and an MHA in just two years. Students can decide with which of the two programs they want to start, applying for the second one after their first year.

• Campus: Columbia, MO
• Type: Public
• Accreditation: AASCSB
• Tuition: $28,087 total program cost for Missouri residents and $63,022 total program cost for non-Missouri residents
• Minimum time commitment: Three years
• Online availability: No
• Degree requirements: Work experience (or internships), good GPA (3.5 for those without work experience), GMAT/GRE, TOEFL if applicable, interview
• Programs: MBA and Health Services
• School Site: Tuition and Financial Aid

4. University of Missouri – Mizzou Online

Mizzou Online is the online school department of the University of Missouri, and they now offer the Health Services Management Executive Program, which produces graduates with a Master of Health Administration. It is designed for those who already have between three and five years of relevant work experience, and is delivered 100% online. The program is flexible and designed to fit around the needs of the working clinical professional or manager. Some weekend visits to campus are required.

• Campus: Columbia, MO
• Type: Public
• Accreditation: HLC
• Tuition: $750 per credit
• Minimum time commitment: Two years
• Online availability: Yes
• Degree requirements: Bachelor’s degree
• Programs: Health Services Management: Executive Online Master’s Degree – Master of Health Administration
• School Site: Tuition and Financial Aid

5. Western Governors University Missouri

At Western Governors University Missouri, students can take part in an online MBA program with a concentration in health care management. This program is designed to encourage further career advancement, equipping graduates with the knowledge and skills they need to take on top positions, with matching salaries, in the world of health care. Graduates are highly sought after and are truly respected within the industry.

The program is designed for those who already have significant working experience within the field of health care, but who are looking at furthering their career. It is also suitable for those outside of the health care industry who would like to become involved in it. Students are asked to be realistic about their abilities to take part in the program, which does require at least 15 hours per week of study.

• Campus: Clayton, MO
• Type: Private
• Accreditation: NCCU
• Tuition: $3,250 per six month term
• Minimum time commitment: Two years
• Online availability: Yes
• Degree requirements: Transcripts, interview, resume
• Programs: MBA Healthcare Management
• School Site: Tuition and Financial Aid