A popular choice for busy medical school students and ambitious professionals from leading healthcare organizations, Franklin’s MBA with a Specialization in Healthcare (MBA-Healthcare) incorporates contemporary healthcare industry-related topics like telehealth (digital health) and artificial intelligence into course assignments to help you acquire foundational business knowledge to guide day-to-day decision making from a healthcare administration perspective.
The MBA-Healthcare provides a solid foundation in leadership, accounting, finance, marketing, human resources, operations and economics that will enable you to apply your existing health-related skills at a higher level. The degree is a great fit whether you are an aspiring physician with the goal of setting up your own healthcare practice, or you are currently working in a clinical healthcare setting or an ancillary industry such medical testing/research, pharmaceuticals, medical supply logistics, managed care or insurance.
Master business concepts with hands-on coursework
Throughout the nine-course program you’ll explore foundational areas of business through the healthcare lens to become a well-rounded professional with the skills and insight necessary to address the most-pressing issues facing the industry.
Hands-on coursework will further develop your quantitative skills for practical application. Managerial economics focuses on analysis of datasets to strengthen your ability to determine the significance of variable factors. Managerial accounting and finance courses familiarize you with common financial documents like income statements, cash flow statements, annual reports and balance sheets.
You’ll also utilize journal articles to investigate different forecasting methods, more advanced quantitative methods and other tools used for management so that you will be able to accurately assess the capital adequacy, solvency issues and cash flow requirements for a healthcare operation.
CapSim, simulation software integrated into the business strategy course, provides an opportunity to gain hands on experience in running a company as a member of a senior management team. As part of a team, you’ll be required to evaluate situations and make decisions, evaluate outcomes and compete with other management teams for resources, opportunities and markets. This exercise illustrates how a firm’s production, marketing, R&D and financial operations interact. You’ll walk away with an understanding of how of key decisions impact business performance within a competitive market.
Balance your Healthcare MBA with your life
Earn your Healthcare MBA by completing nine 12-week classes in as few as 21 months by taking two classes per term. Unlike cohort-based programs that lock you in to a pre-determined schedule, you can select courses in any order other than the introductory course and the capstone, which must be taken last. In addition, the introductory course is offered every term, so you can start the program at the best time for you.
To accommodate the needs of most students, who work or attend medical school full time, our convenient staggered course schedule gives you the freedom to complete the 100% online program at your own pace by taking one or two courses each term.
If you desire to complete the program in less than 21 months, there are also 6-week equivalents of every class that enable you to accelerate your completion time.
Learn and thrive in a community of learners who share your goals
At Franklin, you’ll not only get the essential business tools necessary to improve the delivery of healthcare products and services, you’ll benefit from a learning community designed with you in mind.
Chaired by an MD-MBA who also teaches full time in the program, the online MBA Healthcare program is structured to provide a 360-degree learning environment that keeps you engaged. Case studies, simulations, discussion boards and input from faculty, as well as the other students in your online classroom, add depth to the course material. Individualized attention from faculty members, who are in-field practitioners, will drive you to succeed and provide you with a competitive advantage. Interaction with other students in the program, many of whom are currently attending medical school or working in the healthcare industry, increase your knowledge and extend your professional network.
Moreover, you are encouraged to take advantage of student membership options in professional associations such as the American College of Healthcare Executives or the Healthcare Financial Management Association. These organizations provide opportunities for continuing education, professional networking and career advancement in healthcare administration.
