The healthcare industry is now the largest sector of the American economy, accounting for 18% of the GDP. The Bureau of Labor Statistics has forecasted a 20% increase in healthcare management/administrative jobs over the next five years. This equates to 231,000 new healthcare management jobs being created in a five-year period.
A minor in healthcare management will help students interested in the healthcare industry develop value-added skills in healthcare organizational structure, policy, finance, and strategy/operations. The minor emphasizes learning the ins and outs of modern-day healthcare organizations emphasizing that there is no one-size-fits-all approach to healthcare. Students focus on the high-level theoretical concepts that impact all healthcare workplaces. In addition, they zero in on specific job skills needed to effectively run a healthcare organization. The minor addresses:
- The structures of various healthcare organizations in order to understand organizational dynamics and strategies.
- The forces that shape healthcare systems, including public, private, and social influences.
- How financial issues play a role in healthcare administration, including how third-party payers factor into the system.
- Ways to navigate working within and between many healthcare sectors so that patients and employees are still the priority.