Wisconsin MBA Healthcare Degrees

The Master of Business Administration (MBA) in Healthcare Management and Master of Health Administration (MHA) degree programs are basically the same. They are degree programs designed for those who want to learn more about the business side of the healthcare industry. Therefor, the curriculum of these programs will always include certain topics, such as developing leadership strategies, managing the health care system, regulating cash flow within the healthcare organization, managing healthcare information systems, etc. If you hope to take on a position of senior management in a healthcare organizaation, then it is important to obtain either the MHA or the MBA in Healthcare Administration. This will allow you to become a leader in this vital field.

Salary and Job Outlook

The U.S. Bureau of Labor Statistics (BLS) reports that the median wage for health services managers with bachelor’s degrees was $94,500 per year as of May 2015. However, those with a master’s degree usually earn about $15,000 per year more. In Wisconsin, the healthcare managers have rates that are more than states like South Dakota and North Dakota, but less than states like North Carolina and New York. Their annual salary is between $61,890 and $90,230, which is one of the lowest rates in the country. According to the BLS, health services managers can expect to see an increase in demand of 17% from 2014 to 2024, which is a rate that much faster than for most professions. Such growth is projected to continue for a long time because the population of the state is aging just like in othr parts of the country, and the population also has increasingly complex healthcare needs and demands. Additionally, after the implementation of the Affordable Care Act, the need for managers who can bring the cost of healthcare down without reducing quality of care has been on the rise.

If you want to study towards an MBA in Healthcare Management or an MHA, it is vital that you find the right school for your specific needs and that you take a look at the different options. Below are the only three MBA in Healthcare Management programs available in Wisconsin that you may want to examine. It is recommended to contact at least three schools before deciding which one to enroll in. As such, it is advisable that you contact each of these schools.

1. Concordia University

Concordia University truly understands how desperate the health care industry is for highly skilled and educated managers. Demand for these types of experts is growing exponentially. This is why they have developed an online master’s degree with a focus on health care administration as part of their MBA. The MBA itself has won awards for quality, as well as for affordability, which is truly something that sets it apart. Concordia itself is a highly respected Christian university, with students from all over the world enrolling there. The goal of the university is to guide each student towards achieving their professional, academic, and spiritual potential in full.

The curriculum of the MBA with Health Care Administration focuses on both a practical and historical perspective. The goal is that students will be able to deal with future issues after conceptualizing them. Graduates are in high demand in areas such as group medical practices, specific clinical areas, and entire medical facilities. This is because Concordia alumni are known for their ability to adapt to changes in technology, regulations, and laws relating to health care. Those who graduate from the program are fast and critical thinkers, as well as being confident in their ability to develop and implement strategies and policies that are applicable to the organization that they work for.

Concordia University Online is known for its high quality practitioner instructors from all over the world. The programs are individualized to suit the needs of each student. Additionally, it offers a range of unique perspectives.

• Campus: Mequon, WI
• Type: Private
• Accreditation: HLC-NAC, IACBE
• Tuition: $26,598
• Minimum time commitment: 39 credits
• Online availability: Yes
• Degree requirements: GPA of 3.0 minimum, essay, resume, two letters of recommendations, transcripts, TOEFL if applicable
• Programs: MBA in Health Care Administration
• School Site: Tuition and Financial Aid

2. University of Wisconsin

The University of Wisconsin offers a fully online, 30-credit MBA program. It is suitable for health care providers, engineers, business people, and anyone else who wants to further their career. The program is made up of a variety of core modules, after which students can personalize their degree in an area they are interested in, choosing from 13 different electives. At the end, graduates have excellent general business competencies, but they have a degree that fits their personal interests and learning experiences. Through the elective courses, the individual needs and interests of every student can be met. It is possible to designate a concentration or emphasis, but some students stay on the general path while at the same time taking concentration electives. For those interested in health care administration and health care management, the elective courses that the school offers include Health Care Organization and Delivery, Health Care Finance and Economics, Fundamentals of Health Information Technology Management, and Health Care Human Resources & Organizations.

• Campus: Eau Claire, WI
• Type: Public
• Accreditation: AACSB
• Tuition: $20,000
• Minimum time commitment: 30 credits
• Online availability: Yes
• Degree requirements: Bachelor’s degree, GPA of 2.75 minimum, GMAT/GRE, personal statement, transcripts, resume, three letters of recommendation, TOEFL if applicable
• Programs: Online MBA with Healthcare Administration Electives
• School Site: Tuition and Financial Aid

3. Kaplan University

Kaplan University sets itself apart by always reviewing its curriculum. Experts in the industry understand what the bigger picture is, and they ensure that the curriculum always reflects the current needs of the industry as a whole. The health care system in this country is changing dramatically for a number of different reasons, including an aging population and the Affordable Care Act. As a result, demand for those with specialized knowledge is growing rapidly as well. It is expected that the industry will soon become so complex that it will require specially trained professionals with problem solving skills, insight, and specialized knowledge. Graduates are ready to take on the complexities of today’s health care world.

The master’s degree in health care administration offered by Kaplan University is designed to encourage people to take on management and leadership positions for private, public, nonprofit, and governmental organizations. Since the Affordable Care Act, it has become more important than ever to reduce the costs of health care, while at the same time always ensuring that quality of care improves. This requires leaders with the skills, knowledge, and expertise to understand both the direct caring side of the industry, as well as the business side. These challenges are truly unique, but a Kaplan graduate is likely to be able to take those on.
Graduates of Kaplan’s Master of Health Care Administration are in high demand across the wider workforce. They almost inevitably take on leadership and management positions and are most often found in managed care facilities, health services projects, hospitals, nonprofit organizations, charitable organizations, and more.

• Campus: Milwaukee, WI
• Type: Private
• Accreditation: HLC, ACBSP
• Tuition: $22,932
• Minimum time commitment: 52 credits
• Online availability: Yes
• Degree requirements: Interview, transcripts
• Programs: Mater of Health Care Administration
• School Site: Tuition and Financial Aid