Business Centered, Healthcare Specific
Overview
As healthcare provider networks expand and evolve through mergers and acquisitions and the demands of the patient as consumer continue to increase, healthcare needs leaders equipped with the knowledge, skills and savvy understanding to guide the future of this unique industry.
Michigan State University’s Master of Science in Healthcare Management provides talented healthcare professionals with the vital skills and business acumen needed to sustain optimal performance in the complex and dynamic healthcare landscape.
The interdisciplinary curriculum equips graduates to champion collaboration, evidence-based decision making and strategic and tactical thinking in their organizations.
Academic Calendar
Fall 2024
Application Deadline
August 1, 2024
Start Date
August 26, 2024
A Business-Based Approach to Healthcare Management, 100% Online
The M.S. in Healthcare Management is offered exclusively online in five-week modules with 24/7 access to an interactive learning environment. No campus visits are required, meaning you can pursue your master’s degree from an internationally recognized research university while maintaining your professional commitments and immediately apply what you learn within your organization.
- 100% online
- Approximately 21 months
- 34 credits
- Collaborative learning environment led by MSU’s renowned faculty and healthcare industry experts
The Broad College of Business has been accredited by the Association to Advance Collegiate Schools of Business (AACSB) since 1953
Required Courses
- HCM 801 Critical Thinking and Innovation in Healthcare
HCM 801
Learn strategies for dealing with cognitive biases, making unrecognized assumptions, determining causality, navigating pathways in critical reasoning and maximizing reasoning effectiveness. Apply innovation principles for developing and implementing innovative designs, processes and leadership in healthcare.
- HCM 802 Cost Analysis in Healthcare
HCM 802
Topics include A) cost analysis: cost estimation, cost allocation and cost behavior; B) pricing: revenue management and strategic product-mix decisions; C) profitability: analytical techniques for determining profitability of departments, services and patients; D) control: budgeting, variance analysis, coordination of activities among departments; E) contracting with suppliers and insurance companies.
- HCM 804 Financial Management in Healthcare
HCM 804
Learn financial management tools for investment and financing decision-making in healthcare firms. Explore risk, valuation and capital budgeting. Understand how to analyze the financial condition of the firm through the examination of financial statements.
- HCM 805 Quality, Risk, and Performance Management
HCM 805
Explore how to manage healthcare performance by means of quality initiatives, process management and risk management. The course will focus on relevant methods, principles, processes, strategies and systems thinking.
- HCM 806 Healthcare Information Systems
HCM 806
Review issues in the management and implementation of healthcare information systems and application of information technologies to support the effective and efficient delivery of healthcare work processes to stakeholders. Explore the relationship between quality management and information management. Learn about technology standards, security, emerging technologies and healthcare analytics.
- HCM 807 Law and Ethics in Healthcare
HCM 807
Understand the legal and ethical doctrines, principles, applications and issues in healthcare organizations. Explore the legal and ethical dimensions of decision making, administrative law and planning in healthcare.
- HCM 808 Healthcare Systems and Economic Policy
HCM 808
Understand the organization of U.S. health system, policy process and services. Review the dynamics of economic theory, valuation, financing and delivery of healthcare.
- HCM 809 Organizational Behavior in Healthcare
HCM 809
Discover the role of workforce leadership in fulfilling the goals and mission of healthcare organizations. Learn about the theories and applications of organizational behavior principles to motivating, rewarding, and structuring employees’ work; managing groups and teams; and structuring the organization.
- HCM 810 Human Resource Management in Healthcare
HCM 810
Discover the role of human resource management for healthcare organizations. This course focuses on strategies for human resource recruitment, utilization, productivity, compensation and development.
- HCM 811 Healthcare Strategic Management
HCM 811
This course examines ways top managers create and sustain competitive advantage in today’s challenging healthcare marketplace from a total firm perspective.
- HCM 812 Supply Chain Management in Healthcare
HCM 812
Review the concepts and tools of supply chain management related to healthcare settings. Topics include management of resources, sourcing, operations, inventory, logistics and capacity for effective services, quality and cost performance.
- HCM 813 Healthcare Services Marketing
HCM 813
Explore the principles and processes of marketing and its role in effectively managing healthcare services for improvement and policy making.
- HCM 814 Hospitality and the Patient Experience
HCM 814
Discover the patient experience in healthcare as it relates to hospitality marketing, service quality management, patient well-being and the role that leadership plays in the process.
- HCM 815 Managerial Epidemiology and Population Health
HCM 815
Review the epidemiological concepts for decision-making in healthcare organizations. Assess managerial strategies for applying population health principles to disease assessment, community forecasting, cost effectiveness and utilization of services.
- HCM 825 Analytics in Healthcare
HCM 825
The availability of large-scale healthcare data through electronic medical records (EMR), patient portals, social media and mobile healthcare apps offers tremendous opportunity to examine the role of analytics in transforming the business practice of healthcare. This includes a better assessment of cost effectiveness, learning curves in the practice of medicine, and identifying best practices for evidence-based medicine. Analytics in Healthcare will offer an overview of the concepts and methods of business analytics as it relates to healthcare management.
Capstone Course
- HCM 816 Healthcare Management Capstone
HCM 816
The capstone class integrates the coursework, skills and perspectives in the program in a project, paper or practicum. The capstone is intended to bring cumulative knowledge to culmination on specific healthcare management issues, dilemmas and gaps. Each capstone project, paper or practicum must be approved in writing and overseen by a faculty member.
Total Courses
Required Courses
30 Credits
Electives
4 credits
Total
34 credits
Tuition
Cost Per Credit Hour
$1,000
Total Credits Needed
34 credits
Tuition is determined by the University and does not include books or other fees that may apply. These rates are subject to change at any time during the program or enrollment process.
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Admission Requirements
To be considered for MSU’s Master of Science in Healthcare Management, ideal candidates should:
- Be currently employed full-time or have been employed in the healthcare industry (including hospitals, pharmaceuticals, physician associations, surgical centers, medical suppliers, assisted care facilities, device manufacturers, insurance, consulting, or public policy) or at least 3 years of full-time experience in any industry.
- Have a 4-year bachelor’s degree from a regionally or nationally accredited institution.
- Have a cumulative undergraduate grade-point average of 3.00 in the last two years of your program.
- Have a high degree of potential for advancement to an organizational leadership role.
- Have some background knowledge of and exposure to word processing, spreadsheets, and presentations.
- International Applicants click here for more information.
Admission to the program is selective and meeting the minimum standards listed does not guarantee admission. The applicant’s overall record is considered, including the student’s statement of objectives, recommendations, academic transcripts, and other documentation as required.
Applicants must submit the following items:
- $100 non-refundable application submission and transcript fee
- All required application documents
- Transcripts
- Transcripts from Michigan State University are not required. The official undergraduate transcript is required and must include a conferral date from the regional or nationally accredited institution.
- Three letters of recommendations from a professional environment.
- A statement of purpose that describes relevant education, relevant work experience and describes how the applicant intends to apply the degree to his or her career and how this degree will help them achieve their career goals. The statement should be between 250 – 1,000 words.
- Resume (with detailed work experience)
Transfer Credit Policy
- As a rule, the Program does not accept transfer credits and will only review and consider a request to transfer credits in rare and exceptional circumstances.
Who You'll Learn From
Developed by the renowned faculty of MSU’s Broad College of Business – a national leader in management education – in collaboration with healthcare industry experts, the MS-HCM program emphasizes the study and application of healthcare management grounded in a solid business framework. You will have the opportunity to network with and learn from faculty with skills and knowledge applicable to the evolving healthcare industry.
Who You'll Learn With
A collaborative, diverse network of healthcare professionals like yourself who are driven to maximize their career potential and positively impact organizations as they step into the management side of the healthcare industry.
Dr. Andrew Champine,
Director of Behavioral Medicine Education – Internal Medicine
“With healthcare, you’ve got to be aware of what’s changing and adapt to that, and that’s what Michigan State is showing you right now in these classes.”
Robert Bonk
Industry Advisory Board
The M.S. in Healthcare Management program incorporates the professional knowledge of healthcare industry experts through the HCM Industry Advisory Board. Comprised of healthcare and insurance professionals, Advisory Board members serve as ambassadors for the program to the broader community and as advisors to program leaders, faculty and students.
With an overall commitment to improving the healthcare industry, Board members provide career insights and a real-world perspective to students, program improvement advice to faculty, advise program leaders regarding access to high-quality healthcare education and actively engage in philanthropic and scholarship support of the program and its students.
Paula Reichle
- Sparrow Health Senior VP & CFO
Advisory Board Spotlight
The Future of Health Systems in a Shifting Business Environment
What You'll Learn
The M.S. in Healthcare Management program will address the study, application and research of healthcare management within a solid business framework.
The interdisciplinary curriculum grounds students in healthcare-specific courses in disciplines such as economics, law, information systems, marketing, supply chain and human resource management, with emphasis on strategic decision making, analysis and planning, and effective negotiations within the healthcare setting.
This multifaceted approach to healthcare management thoroughly equips students with business-centered healthcare knowledge and skills in:
- Critical thinking and innovation in healthcare
- Communications and interpersonal effectiveness
- Analysis and problem solving
- Economic policy and information systems
- Population health and patient experience
- Healthcare law and policy
- Global health care and the impact of globalization
- Analytics in Healthcare
Graduate Certificates
MSU provides more ways to advance your healthcare education with two specialized graduate certificate programs: the Graduate Certificate in Healthcare Compliance and the Graduate Certificate in Healthcare Leadership.
Both programs can be completed in ten credit hours, with four required courses and the choice of one (or more) elective.
- Healthcare Compliance examines topics in healthcare regulations, enterprise risk management, healthcare compliance and compliance systems.
- Healthcare Leadership is focused on strategic decision making, market analysis and planning, negations and leadership.
These options can be completed in addition to earning the Master of Science in Healthcare Management. They also allow the opportunity to gain targeted knowledge in a specific field of interest and pursue advancement without committing to a full graduate degree.
Explore the MS-HCM Capstone Course
MS-HCM courses are five weeks and must be taken in succession.
Who Should Enroll
The demand for professionals with healthcare and business knowledge is high. The job growth for medical and health services managers nationwide is projected to grow by 28% between 2021 and 2031.* The M.S. in Healthcare Management is designed to transform healthcare professionals into tomorrow’s leaders and help provide a path for career advancement. Professionals throughout the industry should enroll, including:
- Experienced healthcare managers with a drive to be a leader in the field
- Doctors, nurses, mental health professionals and allied health professionals looking to move into a healthcare management role
- Healthcare professionals seeking to expand their earning potential
- Experienced professionals with a drive to step into a healthcare management role and be a leader in their field
- Aspiring professionals across industries seeking to make a shift into healthcare management
- Click here for admissions details
*Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, Computer and Information Technology [May 10, 2023]. https://www.bls.gov/ooh/management/medical-and-health-services-managers.htm. National long-term projections may not reflect local and/or short-term economic or job conditions, and do not guarantee actual job growth. [Degree or Certificate] program options do not guarantee career or salary outcomes. Students should conduct independent research for specific employment information.
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