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Healthcare MBA

In The News

In The News

Passage to India: FIU students learn how another culture approaches health care management

With more than 1.2 billion people, India faces an intensified version of the problems faced by all nations: how to meet a population’s growing healthcare needs.

That challenge was viewed first-hand by 15 FIU Chapman Graduate School of Business students working toward their MBA in Healthcare Management. The group visited India for 10 days last semester, as one of the options to fulfill the Master’s Project in Management class.


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HCMBA Program Graduates First Online Cohort

HCMBA Program Graduates First Online Cohort

Florida International University’s Healthcare MBA program reached a new milestone in December 2014 with the graduation of its first fully online cohort.

The new online degree option opened the 18-month healthcare program to a wide geographic audience for the first time. In addition, it gave many South Florida healthcare professionals access to a highquality educational program they could fit into a packed professional schedule.


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Write-to-Learn: Unique Program for FIU Healthcare MBA Students Prepares Them to Think and Write Critically

Write-to-Learn: Unique Program for FIU Healthcare MBA Students Prepares Them to Think and Write Critically

While most students in a Healthcare MBA program have considerable healthcare or managerial experience, it may have been years—and for some, decades—since they've written an essay or paper. As healthcare managers on the rise, they will quickly discover that strong writing and communication skills are essential to their career growth.

To ensure that FIU’s HCMBA students develop the critical writing and communication skills they will need, FIU offers Write-to-Learn (W2L), a unique program for graduate students enrolled in the College of Business.


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College of Business showcases its presence in FIU’s new Miramar campus.

College of Business showcases its presence in FIU’s new Miramar campus.

The College of Business has taken a commanding presence at FIU’s recently inaugurated academic center in Miramar. Programs already underway include accounting, financial management, international business, a professional MBA, and a healthcare MBA.

A joint FIU-Broward College facility, FIU at I-75 is located at 1930 S.W. 145 Ave. and will hold its open house on October 25. Course offerings include business, liberal arts, construction management, engineering, education and public administration.


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FIU'S HCMBA Program Welcomes Two New Faculty Members

FIU'S HCMBA Program Welcomes Two New Faculty Members

FIU Chapman Graduate School of Business is delighted to welcome two new faculty members for this fall.

Sam Paustian-Underdahl, assistant professor of management, received her PhD. in Organizational Science from the University of North Carolina at Charlotte and will be teaching an organizational behavior class this fall.



Sue Ganske Mota, clinical professor of business law, has over 30 years teaching experience in business law, and 20 years teaching experience in MBA programs. This fall she will be teaching a class in the legal environment of business.


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In The News

In The News

Should You Get a Healthcare MBA? The Experts Weigh In

Private practice physicians have to wear two hats: they must provide quality care to patients while also running a profitable business. While large hospital systems often have business administrators handling the commercial side of things, at smaller practices, this responsibility tends to fall to the doctors.


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AACSB Accredited






Modern Healthcare


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Healthcare MBA Program

The MBA in Healthcare Management provides the knowledge and skills necessary for management careers in various health services organizations. The program emphasizes the practical applications of the concepts and theories of management and business within healthcare settings. In addition, we place particular emphasis on critical thinking, self-development, communication and teambuilding skills, problem-solving competence, and ethical leadership.

Mission, Vision and Values

Mission
The mission of the Healthcare MBA Program at Florida International University is to improve the delivery of health services through the education of healthcare managers, service to the community and the profession, and research.  The Program provides educational opportunity with a special commitment to multicultural and working students.  The educational mission is to provide early to mid-level career path students with professional knowledge and with conceptual, analytical, technical, and ethical skills to manage healthcare systems collaboratively with competency, sound decision-making and integrity.

Vision
The vision of the Healthcare MBA program is to become South Florida’s leading healthcare management program known locally, nationally, and internationally for providing quality education, service to community, and research.

Values

  • Excellence in the dissemination and acquisition of knowledge and applications
  • Responsibility as committed global citizens advancing best practices in healthcare
  • Respect for all individuals

Curriculum

Our Healthcare MBA curriculum consists of high-level graduate business and healthcare courses specially designed for management professionals. The program is designed for the convenience of the student while at the same time fosters learning at an accelerated rate using a cohort-based model.

Program Residencies
The cohort-based program, along with the broad, team-focused curriculum provides an unlimited opportunity to interact with fellow classmates and build lasting relationships. In addition to the curriculum, students will participate in on-campus residencies which focus on strengthening skills in team building, leadership, critical thinking, and Lean Six Sigma.

Operations Management
This course covers analysis, design, and operations organizational systems. The system approach is used to provide a framework or general model of analysis, to which specific concepts, quantitative techniques, and tools can be related.

Legal Environment of Business
This course studies the importance of law and legal institutions on commerce workings of administrative law, various aspects of employment legislation and other areas of the healthcare environment.

Marketing Management
This course is the analysis and application of theory and problem solving for marketing management in the healthcare environment. Emphasis will be on the role of marketing in an organization, planning the marketing effort, management of marketing effort, management of marketing organizations, control of marketing operations, and evaluations of the marketing contributions.

Organizational Behavior
This course examines individual, interpersonal, and small group behavior in healthcare organizations. Focus is on behavior, its causes, and management interventions to improve organizational effectiveness. Research methods to study organizational behavior are used.

Organization Information Systems
This course provides an introduction to information systems and their role in health services organizations from a user's viewpoint. It surveys and reviews applications of the basic concepts necessary for understanding information systems. It includes study of the main activities in the development cycle used to acquired information systems capabilities.

Accounting for Managers
This course is a presentation of the nature, techniques, and uses of accounting from the perspective of people who manage health services organizations. It covers both financial and management accounting.

Financial Reporting and Analysis
This course uses a comprehensive treatment of analysis of health services organizations’ financial statements as aid for decision making; looks at current state of financial reporting practices and impact of published statements on economic systems.

Corporate Finance
In-depth examination of asset, liability and capital structure management, with emphasis on valuation capital budgeting techniques; risk evaluation; working capital management, and methods of short-term, intermediate and long-term financing. Prerequisite: ACG 6026 or equivalent

Strategic Management 
The use of cases, guest lectures, and gaming to integrate the analysis and measurement tools, the functional areas and health policy issues. The objective is to develop skill in broad area of rational decision-making in an administrative context of uncertainty.

Management of Healthcare Organizations in the 21st Century
This course explores the use of evidence-based management for effective planning and decision-making by today’s healthcare managers. Concepts and theories from the general management literature will be identified for dealing with the emerging issues of the health care industry relating to the delivery of effective, patient-centered care. Field-based examples will be used to illustrate how managers use available information and data to improve the quality of organizational decisions and processes to achieve fiscal sustainability.

Economic and Decision Analysis in Health Services
Using economics as a tool, this course analyzes specific world-wide health care problems and functioning of global health care markets.

Financing & Reimbursement of Health Systems
In this course financing models for health delivery systems are examined. Reimbursement strategy of Medicare, Medicaid and other third party payers are analyzed.

Health Policy and Economics
This course examines the impact of government, private sector, and interest groups on priority setting in global health policymaking and national health strategies using basic economics principles.

Master’s Project in Management
Each student will conduct a research project on a specific health care management problem in a community or institutional setting. Students are expected to demonstrate the application of the theories, concepts and skills acquired during the didactic portion of their graduate healthcare management education. It is an opportunity for the student to integrate prior learning within a healthcare delivery setting.

Highlights

This highly regarded program is designed for working professionals who are eager to pursue careers in healthcare management or advance to higher level positions within their respective disciplines. The program provides students with a strong business core curriculum and healthcare specific course work enabling students to gain a deep understanding of the healthcare industry. Students come from various sectors within the healthcare industry, bringing a rich perspective to classroom discussions. The cohort-based program along with the broad, team-focused curriculum provides an unlimited opportunity to interact with fellow classmates, share perspectives, and build lasting relationships.

Schedule

Our convenient, accelerated, Saturday-only Healthcare MBA program offers a great schedule for completing your MBA:

  • The program requires 42 credit hours of coursework along with the successful completion of program residencies.
  • Classes are held at our downtown Miami state-of-the-art facility (Fall Cohort) and our Broward location (Spring Cohort).
  • Classes meet on Saturdays only in a hybrid format.
  • The time to completion is eighteen months.

Student Competencies Expected

Student Information

Demographics:

Average years of experience: 6.5 years

Average age: 31

Average class size: 40

Average GPA: 3.30

Clinical and non-clinical  

Students come from: hospital and healthcare networks, private clinical practice, long-term care facilities, insurance, providers, pharmaceutical, medical device companies, and consulting firms.

Student Program Comple​tion and Employment Rates:

Completion rate for December 2013 graduating class: 100%

Percent of December 2013 Class employed within 3 months after graduation: 97%

HCMBA Fall 2015 Schedule

New Student Orientation: Friday, July 31st

Residency 1: Saturday, August 1st through Wednesday, August 5th

  • Team Building, Presentation Skills, Writing Skills, Oral Communication, Leadership, Innovation, Excel Fundamentals

Residency 2: Saturday, October 17th through Wednesday, October 21st

  • Accounting Skills, Quantitative Skills, Lean Six Sigma Yellow Belt Certification

Residency 3: Saturday, May 14th through Wednesday, May 18th (Optional)

  • Lean Six Sigma Green Belt Certification

*Attendance is mandatory for New Student Orientation and all Residency 1 & 2 dates.

Healthcare MBA Students

Admissions

Admission Requirements and Application Procedures

ADMISSION REQUIREMENTS

To be eligible for admission to the Healthcare MBA program, prospective students must:

  1. Possess a minimum of four (4) years professional full-time work experience (post undergraduate graduation).
  2. Hold a 4-year Bachelor’s degree from a regionally accredited institution. In the case of foreign students, a Bachelor’s degree from a well-established institution of higher learning that is authorized to grant degrees by appropriate authorities in that country, is required.
  3. Minimum GPA (Grade Point Average) of 3.0 on the last 60 upper-division credits.
  4. Although the GMAT or GRE is not required for this program, you may be asked to take it to strengthen your admission package.
  5. Be in good standing with all previously attended colleges and universities.
  6. TOEFL or IELTS exam is required if a graduate is from a non-English speaking country. Achieve a minimum of 550 on the paper-based TOEFL, 213 on the computer-based TOEFL, 80 on the Internet-based TOEFL, or 6.5 on the IELTS exam.
  7. Provide two letters of recommendation from professional contacts on your motivation for attending the program.
  8. Provide a personal statement on your motivation for attending the program, including personal and career goals.

APPLICATION PROCEDURES

  • Graduate application for admission, along with non-refundable application fee of $30.
  • Official transcript(s) from all previously attended colleges and/ or universities. Transcripts must be sent directly to the Chapman Graduate School Admissions office by all formerly attended institution(s) in a sealed university envelope. (Not required for FIU alumni.)
  • Official proof of degree: A notarized copy of the original diploma is required if the degree is not posted on the official transcript(s).
  • Résumé. Four years of professional work experience is required.
  • Official test scores sent directly by the testing office.
  • Statement of purpose outlining your professional goals and objectives in pursuing the Healthcare MBA degree at FIU.
  • Two professional letters of recommendation from employees, faculty or professional associates.
  • U.S. applicants: proof of U.S. residency/citizenship.
  • Florida Residents: Two proofs of residency. Documents must be dated one year prior to the term you are seeking admission.
  • International applicants and applicants who did not obtain a degree in the U.S. must submit additional documents listed at hcmba.fiu.edu.
  • To expedite the application process, be sure to submit your application’s supporting materials to the Healthcare MBA Program, even though you are applying online using the university’s graduate online application form.

*Meeting minimum requirements does not guarantee admission to the Healthcare MBA program.

Tuition and Scholarships

Tuition

Tuition for the Professional MBA program for the 2014-2015 academic year (pending approval) is $52,000 for Florida residents and $54,000 for non-residents. 

Students pay for courses at the beginning of each semester. A $500 nonrefundable professional development seminar fee is due upon acceptance into the program. The remaining balance is payable on a semester basis. Payments are due the first class day of each semester. 

HCMBA tuition covers:

  • tuition
  • all books, software and other educational materials
  • university fees
  • parking fees
  • professional development seminars
  • professional healthcare association membership
  • professional healthcare associations' meetings
  • various special events and materials

Students who leave the program will not be refunded any tuition fees already incurred as a result of previous classes taken during the program or from current classes registered at the time of withdrawal.

Because state law prohibits the university from extending credit, fee payment cannot be delayed beyond the start of classes or financed by HCMBA program or the university. An exception to the advance payment policy will be made only for those who have been awarded financial aid by the university (scholarship, fellowship, loan) and granted a deferment. To find information on scholarships and aid, please visit our financial aid page.

If you expect to receive aid from other sources, for all or part of the program, but will not receive aid in time to meet the advance payment deadline, you should arrange for financing through a bank or other financial institution to ensure that your program fees are paid on a timely basis.

All fees are subject to change.

Financial Aid

For more information please visit our Financial Aid page.

Job Outlook

Health Care Service Managers

According to the United States Department of Labor, “Employment of medical and health services managers is expected to grow by 22 percent from 2010 to 2020, faster than the average for all occupations. As the large baby-boom population ages and people remain active later in life, the healthcare industry as a whole will see an increase in the demand for medical services. Managers will be needed to organize and manage medical information and healthcare staffs in all areas of the industry”.

Source: Bureau of Labor Statistics: Occupational Outlook Handbook

Contact Us

For information, or to apply to the Healthcare MBA, please contact at hcmba@fiu.edu or 305-779-7900.