Healthcare administration is a fast growing career that requires informed, educated, and innovative leaders. Here are 6 reasons why an Executive Masters of Healthcare Administration (EMHA) degree may be a good choice for you.
1. Healthcare Administration Careers are In Demand
Healthcare administrators are in high demand. A growing aging population of both baby boomer patients as well as the workforce of retirees will continue to create opportunities to advance your career.
Additionally, as the sector changes how healthcare is delivered the demand for administrators increases. The US Department of Labor indicates that over the next decade the healthcare administration industry will grow at a rate of 17%.
This growth can be attributed to an increased need in administrative compliance, new roles being created by partnerships, population health programs, ACOs, and the need to support patients across the continuum of care while simultaneously improving the quality of care.
Success in this new environment requires a unique set of technical skills, specialized knowledge, expert management, and strategic leadership.
An EMHA degree can provide you with:
Innovative leadership skills
An understanding of how to provide cost effective care
The ability to efficiently manage resources
Improving patient safety and quality of care
Achieving organizational and clinical effectiveness through information systems
#2 Career Advancement
Education is an excellent way to strengthen your resume, differentiate yourself from your competitors, and prepare yourself for new responsibilities.
The US Department of Labor states that a bachelor’s degree is required for healthcare administration, while master’s degrees are common. Consider taking the next step towards your career advancement by enrolling in an EMHA degree program.
Bobby Jackson, a Consultant in Medical Device Industry, had this to say about his Executive MHA experience at USC, "First of all, the USC name gives you credibility. It gives you validity. That's a key factor when you go out and look in today's job world because online programs sometimes may not be viewed as highly as they should be."
Bobby Jackson, Consultant in Medical Device Industry
#3 Financial Security
The 2015 median income for a healthcare executive is $94,500 per year. Your earning potential varies based on geographic location, the size of the organization, the scope of your leadership role, your educational attainment, and the extent of your healthcare industry experience. An investment in your career will pay dividends for your future.
#4 Personal Goals
Take a minute to think about ways that an EMHA degree and career advancement can fulfill your personal goals.
Have you always wanted feel more confident in your decision making?
Is leading people toward a common vision important to you?
Are there personal ambitions you’d like to fulfill?
In what ways could career advancement help you and/or your family?
Would you like to learn from your peers as well as your professors?
Varesh Chaurasia, a Group Administrator and Partner at a Private Medical Group, had this to say about his Executive MHA experience at USC:
The MHA, I thought and it has come true, allowed me to stand back and look at things more strategically in terms of what's going on in the country...The one benefit that I wasn't really expecting is the relationships that I formed with my Cohort mates and the professors. Really, you don't expect that in an online learning environment.
Listen to the rest of Chaurasia's story below or browse all of our student testimonials.
Varesh Chaurasia, Group Administrator/Partner at Medical Group
#5 Understand the System
The healthcare industry is complex and continuously changing. Understanding the system requires an aerial, theoretical vantage point combined with an on the ground, practical view.
An Executive MHA is designed to teach you how to fluidly move between these two perspectives, a long-term strategic viewpoint and an operational viewpoint. At USC you will have access to some of the nation's brightest industry thought leaders and respected educators.
#6 Make a Difference
As a healthcare administrator you’re in a unique position to make a difference. Your decisions will affect many employees and patients.
It’s likely you chose healthcare as a career path precisely so you could help create positive impact for others. Seeing your leadership skills, education, and experience come together to improve lives is very rewarding.
USC Price's mission is to improve the quality of life for people and their communities, here and abroad.
Jennifer Ale-Ebrahim, a practice administrator for a group of orthopedic surgeons in Wichita, Kansas had this to say:
"I enjoy the online EMHA program for a couple of reasons. It gave me the flexibility to continue to pursue getting a master's degree, and I needed to draw on that opportunity to further myself in healthcare administration. So for me it was more the new ideas, the new collaborations, and the new payment methodology...To have professors that are both in the field, as well as educators, being taught what's worked and what hasn't worked. Professional people working in the field bringing that real experience into the classroom, bringing it together and understanding how in the care continuum these hand offs are going to have to occur in the future."
Listen to Jennifer's full story.
Jennifer Ale-Ebrahim, Practice Administrator
If you want to be like Bobby, Varesh, and Jennifer, and advance your healthcare career, take the next step and see if our program is a good fit for you.