Difference Between an MBA in Healthcare and a Master’s of Healthcare Management?

If you work in health and you’re pursuing a graduate degree, you need to be aware of the difference between an MBA in Health Management and a Master’s of Healthcare Management. At face value it may appear as if both levels supply the exact same type of curriculum, but being one is a teriminal degree and the other one is a professional level, they each have a unique focus. It’s up to you to select which degree is suited for you to progress your career in the shortest time possible. Here are the major differences in each program that prospective students should Know about:

What’s a MHM Degree?

A Master’s degree is a terminal level at which you can take coursework that is focused entirely on theory as it pertains to Healthcare Management. As it’s a Master of Science degree program, you will take classes that focus on data and how to think analytically as a supervisor within the health care arena. The crucial thing is to give pupils the knowledge that they need to succeed in outcomes oriented healthcare environments.

Resource: Best 20 Affordable Online Master’s Degree in Healthcare Administration Programs for 2015

A number of the most common classes that are required in MS programs include:

  • Operations Management
  • Organizational Behavior
  • Accounting and Control
  • IT Systems
  • Financial Management
  • Negotiations
  • Business Communications
  • Health Policy and Payment Systems
  • Healthcare Quality Improvement
  • Marketing Management

What is an MBA in Healthcare Management?

An terminal graduate degree program concentrates on theory and a professional graduate degree focuses more on professional skills and program. The Master of Business Administration program at Health Management is designed to help professionals become gifted leaders in the healthcare arena. Master of Business Administration plans take more of a real-life approach to teaching students. Rather than covering theory, the program focuses more on skill sets and training.

The focus is about construction home-based business professionals rather than learning all about wellness administration. There will, nevertheless, be courses concentrating on healthcare if you choose it as your own concentration. Some lessons you will take when you research for your professional level include:

  • Business Law
  • Marketing
  • Individual Behavior in Organizations
  • Accounting
  • Top within an Organization
  • Ethics
  • Finance and Economics
  • Operations Management
  • Healthcare Informatics
  • Health Administration
  • Social Issues in Healthcare

That Degree is Right for You?

As you can see, some of the classes align with one another but most don’t. The similar classes are delivered in a different manner. If you want to understand how to be a leader and how to prepare to handle global issues, you might be better off with a business level. If, however, you’d like to pay more specialized and field-focused coursework so that you may be a researcher and strategist, you may want to opt for the terminal master’s diploma.

Selecting a degree is a major option. You have to look at how challenging it’s going to be, what you will learn, and the way the topics of research have been delivered. As soon as you get a feeling for every degree, consider how the levels are perceived. Always focus on accreditation prior to anything else. Then you will be equipped with the knowledge you want to choose between a Master’s of Healthcare Management and an MBA with the exact same concentration.

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