Why Choose a Health Care MBA Program? HealthCareMBA@Simmons
The United States’ health care industry is the largest in the world and is projected to comprise nearly 20 percent of the U.S. gross domestic product by 2024 (CMS.gov). Health care occupations and industries are expected to create more jobs than any other industry between 2014 and 2024, further expanding opportunities and demand for highly trained and knowledgeable health care leaders who understand the nuances of a rapidly growing field (Bureau of Labor Statistics).
“Healthcare occupations and industries are expected to have the fastest employment growth and add the most jobs between 2014 and 2024.” —Bureau of Labor Statistics
The Advantages of a Health Care MBA
No industry acts independently. For aspiring health care industry leaders, having a broad understanding of business skills and an intimate understanding of health care is essential to advance both the industry and their careers.
Though there are other program options that prepare students for managerial roles in health care organizations, such as a Master of Health Administration, a health care-focused business education can prepare students more holistically for these roles by developing the students’ abilities to view the many facets of the industry and make informed, strategic decisions. In addition, even with its dedicated health care focus, a Health Care MBA offers a number of core skills that are transferable to other industries, preparing students to be well-rounded professionals.
54 percent of the best-performing health care CEOs have earned MBAs —Harvard Business Review
With extensive experience in health care leadership, Simmons’ faculty teaches the analytics, functionality, ethics, strategy, and management skills that are imperative for leaders in the health care industry, and help students apply these skills to their current jobs.