For the last several years, it seems like everyone has been talking about health care reform. Health care management is a growing piece of that health care conversation.
According to Kyle Svee, program chair of health care management at Minnesota School of Business-Richfield (MSB), the role of the health care manager is going to have a greater impact on our economy as the population ages.
But what exactly is a health care management degree? A student enrolled in the health care management program at MSB will learn the history and evolution of health care, accounting and human resource management.
The student will study marketing, sales, coding and billing, hospital administration and web design. As Kyle puts it, “It is a business administration degree, but specialized in healthcare.”
Kyle points out that all aspects of commerce and industry are embedded within the health care system: real estate, accounting, architecture, finance, etc. “It’s not like any other industry,” he says.
Because of the aging baby boomer population, the demand for skilled health care workers will continue to increase. “Health care is the fastest growing segment of the economy,” says Kyle.
Health care expansion is also driven by advancements in technology. Kyle states, “There are jobs galore out there.”
According to the Bureau of Labor and Statistics, the projected job change in employment for medical and health services managers is expected to increase 23% by 2022 (the average for all occupations is 11%).
Moreover, Kyle says that in the health care industry, Minnesota is known as “Medical Alley.” This is because we are viewed as having the most medical and technical innovation and more medical businesses in the seven county metro than any comparable area in the country.
So if you have an enthusiasm for business and would like to focus that enthusiasm on an ever expanding, ever evolving field; then health care management might just be up your alley.