MBA – Health Care Management Specialization
Master of Business Administration – Health Care Management Specialization
Few industries are as dynamic—and as critical—as the health care sector. From secretaries to surgeons, the teams that treat patients need assistance from management professionals with technical knowledge of health care’s unique financial and regulatory environment. You can gain advanced management skills for health care with Salem International University.
Our MBA with a concentration in Health Care Management provides industry-specific skills and knowledge in an accelerated format that lets you graduate in as little as 12 months. Choose from online or on-campus study for added flexibility and convenience.
Objectives of This Program
The 12-month, 36-credit MBA in Health Care Management at Salem International University prepares you for advanced business roles within health care providers and health care-related companies. After graduation, you should be a competent and effective business problem-solver who can:
- Make considered business decisions based on an understanding of health care’s unique regulatory environment, financial needs, and patient service goals.
- Help develop, manage, and maintain human resources within the health care setting through an understanding of health care provider roles and required qualifications.
- Drive improved patient care through analysis of performance metrics.
- Understand and describe the U.S. health care system within a global context.
This MBA offers targeted knowledge that can prepare you for upper-level careers in health care organizations, including:
- Insurance companies and HMOs
- Pharmaceutical companies and medical manufacturers
- Non-profits and governmental health organizations
Program of Study
Our MBA program consists of twelve courses: seven core classes and five in the health care concentration. It is available online or on campus in West Virginia.
Core MBA Courses:
- ACC515 Accounting for Managers
- BUS500 Applied Business Statistics
- BUS505 Business Communications
- BUS699 Enterprise Strategic Planning and Change Management
- ECO570 Managerial Economics
- FIN560 Financial Management
- MKT530 Marketing Management
Health Care Concentration Courses:
- HCM605 Introduction to Health Care Management, and Operations
- HCM610 Health Care Law, Policy and Ethics
- HCM615 Health Care Finance
- HCM620 Organization Behavior and HR Management in Health Care
- HCM625 Health Care Planning, Promotion, and Evaluation
ACC515 – Accounting for Managers (3 Credits)
Students will survey accounting principles and practices to learn the rationale for and implications of important accounting concepts and accounting procedures necessary to analyze and evaluate financial statements. The course examines budgeting, profit planning, budget control processes, tax planning, inventory management, cash forecasting, financial reporting, required financial disclosures, and international monetary transactions. Emphasis is placed on the use and importance of financial statements in the managerial decision-making process and ethical standards in accounting. Case studies and readings in accounting are used for practical application.
BUS500 – Applied Business Statistics (3 Credits)
A study of the statistical models, probability distributions, hypothesis testing, regression, transformation, analysis of variance, chi-square, time series analysis, forecasting, and queuing theory. Emphasis is on the practical application of management science tools to solve business problems and using computer applications of business statistical methods.
BUS505 – Business Communications (3 Credits)
Students are exposed to the importance and implications of clear, correct, and coherent communication in the business environment. Emphasis is placed on the effective use of written and oral communication in management and executive functions, the development of negotiation skills, and presentations to customers, senior management, and executive boards.
BUS699 – Enterprise Strategic Planning and Change Management (3 Credits)
This capstone course is a review of modern strategic thinking and change management for the purpose of integrating three major types of challenges in steering an organization: (1) internal and external analytical assessment, (2) world uncertainty and unexpected events, and (3) human psychology and inertia. In connecting these tangible and intangible issues in the strategies process, the student will learn how internal and external forces do not always align with the human energy, and as a result the strategy that emerges is not always the intended one. Simulation exercises, case analysis, and synthesis of cross-functional practices will be applied in team works and written and oral presentations.
ECO570 – Managerial Economics (3 Credits)
The course is a study of the use of economic theory in managing the organization. Students will develop the ability to apply economic analysis to the solution of problems faced by management and understand the economic basis for business policies and key economic concepts that can serve as a framework for business decisions, linear programming, forecasting, and economic modeling of financial investments. Emphasis is placed on understanding how economic modeling is used to make decisions on price, output, investment, and related matters, and the consequences of economic decisions.
FIN560 – Financial Management (3 Credits)
The course covers major issues facing a manager, including financial statement analysis; discounted cash flow analysis, time value of money; risk-return trade-off, valuation of financial assets, capital budgeting, financial planning, cost of capital; long-term financing through debt and equity, and the analysis of various financial models to improve existing short- and long-term asset management. Emphasis is placed on the importance of resource management in decision making and the role of leverage and its impact on the enterprise.
MKT 530 – Marketing Management (3 Credits)
This course studies the marketplace and the role of marketing in an organization. Students will learn about the influence of the marketplace and the environment, the process of marketing decision-making, design and use of the organization’s marketing.
HCM605 – Introduction to Health Care Management & Operations (3 Credits)
This course provides a graduate-level survey of health care management that focuses on the core competencies required of nursing managers in health care organizations. Topics include market assessment, determination of health needs, systems analysis, business planning, leadership, law and government policy, marketing and sales, and strategic management. The course includes a comparison of the international approaches to health care delivery systems and management.
HCM610 – Health Care Law, Policy and Ethics (3 Credits)
This course explores the role of law, policy, and ethics in health care management. Topics include: moral reasoning; ethical theories applied to health care policy at the local, state, and federal levels; and resolving ethical conflicts. The course focuses on the application of moral reasoning to decision-making in the modern health care environment.
HCM615 – Health Care Finance (3 Credits)
This course provides a foundation in finance for the health care manager. Topics include a comparison of public and private enterprise methods of financial statement analysis; discounted cash flow analysis; risk-return trade-off; valuation of assets; capital budgeting; and long-term financing through debt and equity. Emphasis is placed on the importance of financial management in executive decision-making.
HCM620 – Organizational Behavior & HR Management in Health Care (3 Credits)
This course examines the strategic importance of human resource management in Health Care Management. Topics include the functional areas that define the core of human resource management. The evolution of human resource management strategies and practices is analyzed in terms of enhancing organizational performance. Legal and ethical factors affecting human resource management in Health Care Management are examined.
HCM625 – Health Care Planning, Promotion and Evaluation (3 Credits)
This course presents methods for the identification of public health needs that call for intervention, the development of programs to meet these needs, and methods of evaluation to assess the effectiveness, efficiency, and equity of these interventions. Topics include: models for program planning in health promotion; needs assessment; measurement, sampling, and data collection; community organizing and community building; marketing programs; evaluation approaches, frameworks, and designs; and data analysis and reporting.
Overview of Admission Requirements
Applicants to our Master of Business Administration programs must meet the following requirements:
- Hold a bachelor’s degree from an accredited college or university (or an international institution with appropriate credential evaluation).
- Meet prerequisite coursework requirements (varies by program).
International students will need to provide results of a credential evaluation and proof of English language capability.
Earn Your MBA in Health Care Management
Prepare to lead in the health care industry—earn your MBA in Health Care Management. Talk to a Salem International University admissions advisor for more information today!