Working in healthcare administration is so much more than simply managing doctors; it’s work that can be entrepreneurial, innovative, and lucrative, taking place in start-ups and banks just as much as it is in hospitals and fast-growing public programs like Medicare. Employment for healthcare administrators is projected to grow by 28% between 2022 and 2032 [BLS]. With the median annual wages of medical and health services managers at $110,680 as of May 2023, and the top 10 percent earning more than $216,750, the financial rewards in this field are substantial and the job options rich and diverse. And total compensation for top late-career for-profit health system executives can be truly astronomical, with total compensation pushing into the eight figures.
But beyond the financial benefits, pursuing an MBA in Healthcare Administration prepares you to make a meaningful impact in a vital industry. How can our clinics attract and retain a healthcare workforce? How do we decide whether a new hospital should focus on pediatrics or oncology? How can we evaluate the financial impact of new drugs becoming available to Medicaid beneficiaries? A career after an MBA in Healthcare Administration means a commitment to solving interesting and impactful problems just like these—and just when technology is poised to revolutionize healthcare.
Rize’s program doesn’t require a background in healthcare administration or in medicine. It’s accessible, engaging, and relevant, designed with practical case studies and hands-on assignments that will prepare you for the full variety of healthcare administration jobs, from public and private healthcare systems to healthcare start-ups and healthcare roles within banks and consulting. With its emphasis on understanding the real problems that healthcare systems face today, and in using both quantitative and qualitative skills to address those problems, this program is designed to be an ideal complement to the topics covered in a core MBA.
We’re experiencing a data explosion right now, and the healthcare industry is not immune to that. By 2025, the compound annual growth rate of data for healthcare will reach 36%—6% faster than manufacturing, 10% faster than financial services, and 11% faster than media & entertainment. Rize’s program has a substantial focus on empowering graduates to use both financial and healthcare data to drive responsible decision-making. We prepare future healthcare leaders to identify the key metrics and data-driven strategies they’ll need to make impactful decisions confidently.
Dr. Robert Hansen is the Norman W. Martin 1925 Professor of Business Administration at Dartmouth's Tuck School of Business and was previously Senior Associate Dean. He served as faculty director of the Center for Business and Society and co-faculty director of the Business Bridge Program and the Master of Health Care Delivery Science Program at the College. His expertise is in microeconomics, with a focus on game theory, auction markets, and public policy. His teaching has been in the economics, public policy including healthcare policy, and finance areas. He has written and published articles in the areas of auction theory, corporate finance and corporate policy, industrial organization, and law and economics.
| ID | Program Learning Outcome |
|---|---|
| PLO-1 | Analyze the effect of policy changes in the US healthcare system by applying relevant economic frameworks. |
| PLO-2 | Evaluate key challenges for today’s healthcare systems — from IT systems to human resources and revenue cycles — and manage them effectively and ethically. |
| PLO-3 | Effectively and ethically manage and communicate healthcare data to support clinical decision-making and improve healthcare outcomes. |
| PLO-4 | Assess career opportunities and key sectors relevant to healthcare administration. |
| PLO-5 | Analyze, model, and communicate financial analysis to evaluate and make financial decisions for healthcare organizations. |
Recommended CIP Code: **51.0701** (Health/Health Care Administration/Management) or **52.0201** (Business Administration and Management, General)
Note: The MBA Healthcare Administration Program is a four-course concentration within an MBA degree. Courses provided through the LCMC are shown in blue text.
HAMBA I - Structure and Economics of the US Healthcare System
HAMBA II - Management of Healthcare Organizations
HAMBA III - Data Analysis for Healthcare Management