Summary: With a healthcare management degree, professionals can tackle the difficult world of electronic records keeping better than those who learn by doing.
Technology Skills Desired in Healthcare Management Positions
With a healthcare management degree, professionals can tackle the difficult world of electronic records keeping with a higher level of skill than those in the industry who are trying to learn by doing. Healthcare has radically changed over the past year alone, and the curriculum now offered by colleges better positions professionals to handle those changes proactively.
After the Health Information Technology for Economic and Clinical Health Act passed as part of the American Recovery and Reinvestment Act of 2009, medical organizations had to scramble to update their systems. Rather than reacting to these changes within an organization, healthcare managers can gain a better insight into necessary decisions about electronic records by studying all the recent trends in health and formulating a more informed course of action. These educated professionals will be in high demand in one of the United States’ fastest growing industries.
How a Healthcare Management Degree Impacts Your Career
To be a healthcare manager, an advanced degree isn’t just suggested, it’s pretty much required. In order to best prepare for a healthcare career, professionals should look for specific healthcare-related programs, like the Healthcare Management MBA offered by Marylhurst University. The more a professional knows about applying business practices directly to a healthcare environment, the further ahead they’ll be when starting out in this industry. Additionally, these programs offer an examination of the current trends in healthcare, which gives students a necessary understanding of the issues they are likely to face in the real world.
Some specific courses that a Healthcare Management degree provides to assist professionals in honing their business skills in this industry are hospital management, health economics and health administration services. These courses are incorporated alongside traditional business classes such as marketing, accounting, ethics, and law, in order to produce well-rounded professionals who have knowledge of both the healthcare industry and the business world.
Advancement within health organizations without an MBA is unlikely for those who want to reach the highest management positions. While preparing students to take on the current industry needs, the MBA also provides professionals with that extra advantage so they can rise up within organizations more quickly and earn higher salaries along the way.
How Healthcare is Different From Other Industries
What people get from the healthcare industry is more meaningful than the services provided by other industries, because medical services exist solely to improve lives. As an administrator in this industry, even though you are not performing the surgeries or writing the prescriptions, your role is important, because those in management roles are working to keep the whole operation running. Acknowledging this, the personal reward of job satisfaction for many is higher in this industry than it is in a simpler supply-and-demand market.
The delicate balance of managing the business aspect of health with the care that patients require necessitates a certain type of business personality. Managers must maintain empathy for patient’s situations while keeping in mind the operational needs of the organization. Affordability of healthcare has been a major focus of recent reforms, and despite the politics of any individual, the important truth in this industry is that doctors are necessary and must be paid for their services.
Because patient needs are so varied, having a reliable professional who can structure an organization’s department in order to facilitate the services of every individual is a huge objective for the healthcare industry. By achieving a balance between business skills and patient communications, healthcare managers can further impress employers and increase their own likelihood for advancement.
Benefits of Working in the Healthcare Industry
The healthcare industry is growing for many reasons, but perhaps the greatest contributor to this trend is the aging baby boomers. With so much demand in this business, management positions will continue to be added to the job market, giving this industry a lot of potential for future growth. What’s more, the healthcare industry offers some of the highest salaries for managers, according to the Bureau of Labor Statistics, which means that as your career advances, your salary will expand right along with it.
Because healthcare is a 24-hour industry, professionals can also benefit from the flexibility of work schedules to suit their lifestyle choices. Beyond that, the job satisfaction from being in the business of helping people makes the career even more rewarding.
While some entry-level careers in the healthcare industry require only a bachelor’s degree, without an advanced degree the chance of climbing this corporate ladder is minimal. By choosing a healthcare management degree, like a Healthcare Management MBA, professionals pursue a relevant education that furthers their understanding of this industry while furthering their opportunities simultaneously.