The Highest Paying Healthcare Careers for MBAs
According to the U.S. Bureau of Labor Statistics, healthcare management careers have a remarkable projected growth of eighteen percent over the next decade—a much faster rate than the national average for all surveyed occupations.
Continue reading…News Roundup – Gies Online MBA Powers Illinois, Graziadio Professor on Women in the Age of AI, and More
Let’s take a look at some of the biggest stories from this week, including a Gies Online MBA helping power the state of Illinois.
Dr. Bernice Ledbetter Authors Opinion on Equipping Women with Opportunities to Thrive in Smart Machine Age – Pepperdine Graziadio Business School News
Dr. Bernice Ledbetter of the Pepperdine Graziadio Business School recently published her findings on the role of women in the age of AI.
A study by the McKinsey Global Institute found that smart machines will eventually perform the tasks performed by women in many business settings. Ledbetter’s research seeks to prompt lawmakers and policy makers to assist women in adapting their skill sets within this new landscape.
Dr. Ledbetter suggested three key guidelines to provide safeguards for women as work becomes automated—increase mentorship opportunities for women and outlets for women to hone leadership and utilize ‘soft skills;’ and to bolster investment in childcare and early childhood education. Women, according to research by the Institute for Women’s Policy Research, account for 58 percent of the workforce that will be affected by automation.
As the Dean of Students and Alumni Affairs at the Pepperdine Graziadio Business School and Director of the Pepperdine Center for Women in Leadership, Ledbetter works to inform and instruct on the issues faced by women in every sector of the economy. For more on her study and the future of AI in the workplace, read here.
Cardinal Health Partners with Vanderbilt Executive Education for Two Custom Leadership Programs – Vanderbilt Owen Graduate School of Business News
Vanderbilt University’s Owen Graduate School of Management has been leading a strategic partnership with Cardinal Health Partners to produce some of the best and brightest executives in the healthcare field.
The two programs, entitled INNOVATE and INSPIRE, are both nine months in duration. INNOVATE brings together thirty directors for assignments meant to help solve global healthcare issues. The directors, who reside at various international locations, meeting face-to-face six months into the program. At the end of the nine months, the team presents their projects to Cardinal executives who decide which ones they will implement.
Vanderbilt’s partnership with Cardinal Health Partners has brought two new healthcare executive programs to the Owen Graduate School of Management.
INSPIRE is comprised of fifteen Cardinal Health vice presidents whose goal it is to hone skills in entrepreneurial thinking, organizational management, and trend spotting. After deciding upon one ‘mega trend’, teams analyze how the trend is active within their organization and how it can be maximized for the best impact.
The intent of each program is to help executives and leaders to shift focus from operational concerns into more strategic and creative thinking. Jerome Revish is a Cardinal Health Vice President for Services and a participant in the INSPIRE program. He says:
“I’ve been at the VP level for a little over two years now. I would say as manager and director, you’re so focused on execution and driving results … It’s now, at this level and the next level, where more of your job is centered around framing the strategy of where we need to be going, versus ‘how do I execute what’s in front of me today.’”
For more on Owen’s executive education programs, read here.
iMBA Helps Power Windfree’s CEO to Power Illinois Homes and Businesses – Gies College of Business News
The University of Illinois Gies College of Business’ iMBA program has helped one entrepreneur to help bring solar power to the Midwest.
Eric Heineman is CEO of Windfree, Illinois’ TOP installer of solar panels for homes and businesses in the state. The iMBA, Gies’ 100 percent online degree, was a perfect choice for Heineman as he juggled the responsibility of raising children and pursuing his goal of creating a socially responsible business.
Crediting the “solar boom” in Illinois for part of his success, Heineman says, ““I don’t know how I would be able to stay in a master’s program if I didn’t have the flexibility of the iMBA. It’s something I’m very thankful for.” The iMBA has been a vital tool in Heineman’s advancement to CEO, as his business decisions are directly applicable to his online curriculum.
“It allows me to constructively second-guess everything I’m doing, and I have a great sounding board for my ideas,” he continues. Windfree was founded in 2009, and it has become a leader in providing solar energy to schools and other non-profit organizations. Windfree is responsible for the installation of numerous solar power devices in the state, including the Illinois Governor’s Mansion.
Heineman will complete his MBA in 2020. You can read here for more on Heineman, Windfree, and the iMBA.
2019 Massachusetts Family Business of the Year Award Winners – Northeastern D’Amore McKim School of Business News
Northeastern University’s D’Amore-McKim School of Business honored some of the state’s leading family businesses during an awards program last month. For over a decade, a panel of judges has chosen businesses that exemplify success, specifically through multi-generational legacies of their organizations. Community involvement and innovation are two other criteria upon which the winners are chosen.
The Clark School received an award for medium sized businesses. Provo Wealth Management Group won the Marshall Paisner Award for Small Firms. The Hub Folding Box Company took home the large business award, and the Award for Community Involvement was presented to J. Calnan & Associates.
For the last thirteen years, recipients of the Massachusetts Family Business of the Year Awards have been selected by a panel of independent judges based on the following criteria: business success; positive business and family linkages; multi-generational family involvement; contributions to the community and industry; and innovative business practices or strategies.
You can read here for more on the Family Business of the Year awards.
Friday News Roundup – Rutgers Accounting Partnership Announced, and More
Let’s take a look at some of the biggest stories from this week, including Rutgers accounting expanding.
Rutgers To Offer Accounting Students International Exposure – Rutgers Business School News
Rutgers Business School has partnered with the Chartered Institute of Public Finance and Accountancy (CIPFA) to give certified students the ability to offer public finance services in countries outside the U.S.
The memo of understanding between Rutgers and CIPFA states that current students and graduates of the Masters in Governmental Accounting Program can qualify to practice internationally after completing the online certification course, which will begin in September 2019.
Among the advantages of the CFA designation are access to networking opportunities, seminars, and ongoing professional development throughout one’s career—in addition to the ability to practice internationally. Rob Whiteman, Chief Executive Officer of CIPFA, says of the agreement. “CIPFA is delighted to be entering into a partnership with Rutgers University that will allow us to share our expertise and explore common goals to the benefit, not only of the students, but the public sector globally, which can only gain through greater cooperation among government accountants … [the] memorandum of understanding will enable the development and retention of top talent for government accounting.”
CIPFA CEO Rob Whiteman (center), alongside Dean Lei Lei (left) and Professor Irfan Bora at the Feb. 27 signing. / Photo via business.rutgers.edu
Click here for more about the CIPFA and Masters in Governmental Accounting program.
LeBow Hosts Webinar for Customizable MBA and More – Lebow News
On March 12, 2019 from 12-1 p.m., Drexel University’s LeBow College of Business will host a webinar for those interested in its customizable MBA. Information will also be available on all other postgraduate business education.
The session is open to all current and future students, and to full time, part time and international students.
Attendees will be able to connect one-on-one with admissions staff during the webinar, which will cover the following: full-time MBA; part-time MBA on the Philadelphia campus and in Malvern; the Online MBA; and the Masters programs in Accounting, Business Analytics, Economics, Supply Chain Management and Logistics, Marketing, and Quantitative Finance.
To register for the webinar, click here.
Goizueta Panelists on the State of Healthcare in 2040 – Goizueta Business School Insights
Emory University’s Goizueta Business School recently hosted a panel of senior managers from multiple healthcare sectors who made predictions on the future of the industry for both providers and consumers. Moderated by Associate Professor in the Practice of Organization and Management Renee Dye, the panel’s discussion focused specifically on the state of healthcare in the year 2040.
Panelists Jeff Fusile, President of Blue Cross and Blue Shield of Georgia; Judith Monroe, President and CEO of the CDC Foundation; Dane C. Peterson, Chief Operating Officer of Emory Healthcare; and Mike Van Den Eynde, Managing Director of Deloitte Strategy and Operations at Deloitte all contributed their insights at the February event.
Jeff Fusile commented on the rising cost of insurance:
“More than half of a family’s gross income goes to cover the average family of four’s healthcare cost—not a sick family, not a healthy family, the average family … “If we don’t make a change, 10 years from now, maybe 20 years from now, we’ll be here saying, ‘Now it costs 100 percent of your gross income.’”
Monroe’s remarks pointed out the complex factors involved in the growth of healthcare:
“The future really will depend on a complex web of things, all the way from science, technology and data to economics, political factors, social factors and certainly environmental factors … By 2040, we’re going to have new devices that we can’t imagine today. When you wake up, you’re going to have real-time blood pressure, biometrics and blood chemistries.”
Each panelist pointed out the vast changes that healthcare tech will undergo, along with the shift that will be necessary in order for the healthcare business to become consumer focus as opposed to profit driven.
Check out more from the recent panel here.
Loyola’s Sellinger School Announces New Classes in Downtown Baltimore – Loyola News
Loyola University Maryland’s Sellinger School of Business has announced that it will offer classes for its new Professional’s MBA hybrid cohort in Downtown Baltimore.
The Center Club at the Transamerica Building will be home to the cohort, which meets in conference rooms on Mondays from 6:30-9 p.m. The Professional’s MBA (PMBA) is offered as a part-time degree for professionals from all backgrounds, and it is designed so that students may pursue the degree at their own pace.
The Transamerica Building, the tallest in Baltimore, will host classes for the Sellinger School of Business Professional’s MBA hybrid cohort.
“We are delighted to open a downtown location that will bring our excellent business courses we offer into the heart of Baltimore …So many professionals live and work [here], and Loyola wants to meet them where they are,” says Sellinger Dean Kathleen A. Getz, Ph.D.
PMBA students, who will take 33-42 credits, will complete the remainder of the coursework online, but the Center Club will be the cohort’s hub for meeting and learning. For registration info and more on the PMBA click here.
Mendoza College of Business’ New “Interterm” Gives Real World Experience – Mendoza News
University of Notre Dame’s Mendoza College of Business now offers a unique course in which students can flex real world skills while earning credits and providing community service.
The “Interterm” is offered in the first week of March, and it is meant to promote engagement with organizational partners to complete a selection of projects that will benefit the company, the student, and the surrounding community. Thirty-four partners from across the country signed on for Interterm. Among them was HUNGRY, a catering company in Washington, D.C.; Waves for Water, which helped distribute filtration kits to those affected by Hurricane Maria, and the Catholic Volunteer Network, which will partner students with young people in Takoma Park, MD.
After an extensive survey process with Mendoza’s MBAs, the program was revamped from classroom case-studies to the experiential learning model that it used this year. Alice Obermiller, Associate Director for Experiential Learning in Graduate Business Programs says of the new curriculum, “[Students] wanted to engage in activities that tangibly built up their resume with demonstrated experiences working on real and timely issues … like most of us, [students] have many competing priorities, so they want to engage in things purposefully and that serve them most at the time.”
In addition to the Interterm projects, students will be able to take part in international immersion programs in China, South America, and South Africa. For more on Interterm and the immersion programs, click here.
The Best Healthcare Management MBAs in Texas
As the nation’s second-largest field of employment, healthcare is a fast growing and rapidly changing industry expected to be worth trillions in the near future. A job in healthcare can represent any number of opportunities from working in a hospital to working for a government agency, insurance organization, consulting firm, group practice, pharmaceutical company, or biotechnology firms. In each of these areas, there’s a massive need for well-qualified individuals who can respond to critical problems. That’s where a healthcare management career can be valuable.
As a healthcare manager, you’ll be responsible for managing and coordinating health services while working closely with physicians and administrators to best represent your facility. It’s a rewarding career field with a positive job outlook—employment is expected to grow much-faster-than-average, according to the Bureau of Labor Statistics.
If this sounds like the career for you, one of the first steps is to earn your Healthcare Management MBA. A Healthcare Management MBA provides students with in-depth expertise on the unique elements required to work in the healthcare industry.
As for where to earn your degree, here are the best Texas healthcare MBA programs.
Dallas
Naveen Jindal School of Management – University of Texas at Dallas
In Dallas, the Naveen Jindal School of Management is known for its healthcare focus. Not only does the school offer a Master of Science in Healthcare Leadership and Management, which is a flexible evening program that can be completed in 18 to 24 months, but MBA students can also choose the Healthcare Leadership and Management concentration. This MBA concentration prepares students for leadership positions in healthcare and is a cross-functional and industry-focused option.
What makes the Healthcare Management MBA concentration stand out at Naveen Jindal is the fact that classes are taught by faculty and healthcare executives who have the specialized expertise and experience needed to train up-and-coming graduates. In addition, students can participate in the Healthcare Management Association (HMA) to cultivate industry experience, networking opportunities, and healthcare resources. The school also offers a Healthcare Management Executive MBA for current physicians who are looking to expand their skillset.
Hankamer School of Business – Baylor University
At the Baylor University Hankamer School of Business in Dallas, there’s a specialized MBA in Healthcare Administration. This degree path is offered in conjunction with the Robbins Institute for Health Policy and Leadership and gives students the opportunity to gain an interdisciplinary foundation in health services and business. The MBA program is nationally recognized, ranked 17th in the nation in 2016 by the U.S. News & World Report, and ideal for students interested in a healthcare career.
What makes this MBA program unique is that it includes a seven-month paid Executive Residency with a leading progressive health organization. During this residency, students receive guidance from well-qualified, practicing healthcare executives who give them the opportunity to apply and test their knowledge. Also, students can apply for the Executive Healthcare MBA program in Dallas and participate in the Future Healthcare Executives (FHE) student organization.
Neeley School of Business – Texas Christian University
Another opportunity for healthcare-minded MBA students in Dallas is the Healthcare MBA at the TCU Neeley School of Business. This program is designed for current healthcare professionals or individuals who are looking to enter the healthcare industry. It’s offered in partnership with the University of North Texas—Health Science Center and provides an in-depth healthcare focus.
What makes this program unusual is that students can choose a standard MBA (48 credit-hours) or an accelerated MBA (36 credit-hours) depending on their experience in business. In either case, MBA students completed 10.5 credit-hours of healthcare-specific courses as well as 9-10.5 credit-hours of additional business or healthcare electives. Some of the specialized courses include:
- Healthcare in the U.S.
- Population Health
- Legal Aspects of Healthcare
Houston
Rice University – Jones Graduate School of Business
At Rice University in Houston, there are multiple opportunities for MBA students at the Jones Graduate School of Business to develop their healthcare experience. Specifically, the school created a healthcare program that offers practical learning options and multiple healthcare electives. Some of those electives include U.S. Health Care Management, Health Care Strategy, and Health Care Operations Management.
As full-time MBA students, there’s the option to choose the health care concentration, which includes 12 credits, out of 24.5 available, focused specifically on a career in healthcare. Its unique curriculum prepares MBA students for a variety of healthcare settings including pharmaceutical, biotech, and insurance as well as hospitals and private practices. There are also many other ways to learn about healthcare at Rice University including speaker series, panel discussions, and multiple events.
The Jones Graduate School of Business at Rice University offers a wealth of healthcare MBA options, including a MD/MBA dual degree.
Cameron School of Business – University of St. Thomas
In Houston, there’s also an MBA in Health Care Administration offered at the Cameron School of Business. This program is offered in conjunction with Texas Woman’s University (TWU) and gives students the opportunity to obtain the fundamental health services management skills required for a successful career. In addition, there’s an opportunity for a dual Master of Healthcare Administration (MHA) and MBA degree. As part of the program, students take courses at both TWU and UST.
