Do you have A-plus leadership skills and love devising ways to make things more efficient? Are you looking to create a positive impact by improving healthcare services in your community? Or maybe you’re considering a move up in your career as a
healthcare professional. Whatever the case may be, a master’s degree in healthcare administration (MHA) might be the right path for you.
Healthcare administration is a career that combines passion and purpose with a high earning potential and bright future. According to the Bureau of Labor Statistics, the average salary for medical and health services managers is $99,730, with the top 10 percent earning as much as $182,600. Employment is expected to grow much faster than average, at a rate of 20 percent by 2026.
Wondering what a master’s degree in healthcare administration could mean for you? Here’s what you need to know.
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As a graduate student in an MHA program, you’ll gain a competency-based education in ethical standards and healthcare policy, finance and management, healthcare information systems, healthcare regulations and compliance, and leadership and strategic planning, among other courses. You can also specialize in areas like health informatics, health policy and management, long-term care, and maternal and child health.
To get started in a health administration master’s program, you’ll need:
A master’s degree in healthcare administration typically requires around 40 to 60 credit hours, along with an internship or residency.
Full-time students can generally finish an on-campus MHA program within two to three years. As a full-time student, you’ll likely complete a healthcare internship during your third year or the summer between your first and second year. An internship is a valuable way to apply the skills you’ve learned throughout your program while gaining practical experience.
The third year of Xavier University’s master of health services administration degree program, for example, includes an eight to 12-month paid administrative residency. Tulane University’s master of health administration program also requires a year-long residency.
Pursuing a master’s degree in healthcare administration full-time allows you to focus on your coursework and likely finish your degree more quickly. You’ll also be fully immersed in your program, which could make it easier to form bonds with your cohorts.
On the other hand, full-time education requires you to manage the cost of a master’s in healthcare administration without the backing of a full-time salary. Additionally,, if you paid anywhere near the average tuition as an undergrad student, you may be dealing with college debt.
According to U.S. News and World Report, the average tuition for an MHA degree program can range from $6,500 to $36,000 for in-state students and $26,000 to $75,000 for out-of-state students. Students looking for help with costs can seek out scholarships, grants, financial aid, or private loans.
To fast-track your master’s degree, look into accelerated programs like Johns Hopkins University, which offers an intensive master of health administration program through one year of academic study and one year of residency.
Compared to full-time students, part-time students may take around three or four years to complete an MHA degree. Part-time students can take advantage of executive programs, which are designed to accommodate working professionals through on-campus evening or weekend courses, a mixture of online and on-campus courses, or a fully online course load.
For instance, the University of Alabama at Birmingham offers an executive format through its MSHA program. Courses are mostly online and three times a year, students are required to visit the campus for a week. This program also includes an immersive capstone experience, where students visit national and international healthcare organizations to apply their knowledge and skills.
The University of Minnesota’s executive master of healthcare administration is similar and allows working professionals to pursue their degree through a mix of on-campus coursework and online learning. This program takes 25 months to complete and includes students with work experience across many aspects of the healthcare industry.
Pursuing a part-time master’s degree in healthcare administration might be the best option if you already have a job in the healthcare industry or simply want to continue earning a full-time salary to pay for your degree. Not that part-time education is necessarily easier. Online healthcare administration degree programs offer flexible hours, but balancing study and work is a challenge.
If you’re currently employed, see if your company provides tuition reimbursement programs to help fund your degree. This may come with strings attached, such as being required to continue working for your employer for a number of years after graduation or that you must pursue a program of their choice.
Earning a master’s degree in healthcare administration takes time, money, and effort—but chances are, it will be worth it. As you search for programs, be sure to keep commitments like work, family, or even existing student loans in mind. This way, you’ll set yourself up for a degree that aligns with your educational goals and guarantees your success in a career providing quality healthcare to all kinds of people.
Look for programs backed by nationally or regionally accredited programs. Take the Commission on Accreditation of Healthcare Management Education, for example. With CAHME accreditation, you’ll be guaranteed a program that meets or exceeds measurable criteria in terms of education quality and practice. This route will also help you gain greater access to federal financial aid and later, prove to a broad range of prospective employers that you bring a valuable skill set to the table.
Once you’ve earned your master’s degree, you can work in hospitals, healthcare centers, public and private health organizations, and nursing and long-term care facilities. Positions for MHA graduates include:
Most states require healthcare administrators to pass a licensing or certification exam before beginning work, particularly within healthcare organizations such as nursing homes or assisted-living facilities. It’s best to check with your state for specific licensure requirements.
As a healthcare administrator, you’ll work closely with doctors, nurses, and other medical teams to deliver efficient health services. You’ll create strategies for improving services, ensure compliance with healthcare laws, manage staff, monitor budgets, and organize records. It’s a lot to take on, but your behind-the-scenes work is crucial to an organization’s ability to provide quality healthcare.
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