In The News
Why Physician MBA Degrees Are Worth the Investment
With kids going back to school later this month, maybe it’s the right time for physicians to consider continuing their education as well. We know what you’re thinking. Doctors already go through enough schooling. But in today’s uncertain health care environment, a physician MBA may be a worthwhile investment.
Popular Healthcare MBA adds online option.
The online program includes three residencies in Miami during which students will participate in professional development seminars and interact with C-level healthcare administrators and state legislators, including health policymakers.
“We designed the online option especially for those whose professional or personal lives make it very difficult or impossible for them to attend Saturday classes,” said Nancy Borkowski, the program’s executive director.
HCMBA team wins case competition.
Students in the Healthcare MBA (HCMBA) program in the College of Business at Florida International University (FIU) won the 2013 South Florida Healthcare Executive Forum’s (SFHEF) student case competition, earning regional recognition and a $1,000 award.
This year’s event, held on March 23rd at the Aventura Hospital and Medical Center, focused on physician leadership issues. The winners were announced during the SFHEF’s educational program on March 28th at Memorial Regional Hospital.
Snapshot: HCMBA group travels to China
In March 2013, nine Healthcare MBA students from the College of Business at Florida International University (FIU) traveled to China as partial fulfillment of their Master Research Project.
During their 10-day stay, group members conducted research comparing the U.S. and China healthcare systems in the areas of physician/nurse/patient relationships, medical errors/patient safety issues and the use of technology/electronic health records.
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.
The mission of the Healthcare MBA program at Florida International University is to improve the delivery of health services through education and training 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 students with professional knowledge and with conceptual, analytical, technical and ethical skills to manage healthcare systems collaboratively with competency, sound decision-making, and integrity.
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.
- Excellence in the dissemination and acquisition of knowledge and applications
- Responsibility as committed global citizens advancing best practices in healthcare
- Respect for all individuals
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.
Professional Development Seminars
Three non-credit seminars will focus on soft skills such as leadership, team building, oral presentation, writing skills and career exploration. There will be team-building activities which include classroom exercises in group decision-making and problem-solving. Challenging outdoor exercises will be included to help participants build the skills they will need to work together in the program and to succeed in today's team-based organizations. Students will also work with a presentation and writing skills coach to improve the communication and writing skills that are critical to managerial success. All Professional Development Seminars are mandatory.
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.
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.
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.
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
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.
Intended for the working professional with a minimum of four years of relevant professional work experience, the Chapman Graduate School of Business’ Healthcare MBA is a fast-paced, stimulating Saturday-only MBA program featuring outstanding faculty and the unique opportunity to interact with your peers in a dynamic learning environment. You’ll be assigned to a study team that functions as a support group throughout the program.
Our accelerated eighteen-month program allows you to complete your Healthcare MBA without interrupting your career. At the start of the program, an orientation, a three-day professional development seminar is held, plus refresher courses in accounting and other quantitative skills.
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 professional development seminars.
- 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.
At the Chapman Graduate School we care very deeply about how well we are accomplishing our mission, how our programs contribute to our overarching goals and how we assure that the institution conforms to specified industry and academic norms. Consequently we are committed to measuring the effectiveness of our programs using a well defined Assurance of Learning process that ensures “accountability and transparency”.
Student Learning Outcomes
In recent times there has been a preponderance of student learning-based models which emphasize that Faculty should model the learning process in consultation with all our stakeholders. Student Learning Outcomes (LO) detail what we aim for our students to know, what they can actually do, and what are their vocational attitudes. The Student Learning Outcomes for the Healthcare MBA are:
- LO1: Evaluate the financial position of health services organizations through the examination of balance sheets, cash flow statements, and budgets.
- LO2: Use team building and collaborative behaviors to accomplish group tasks.
- LO3 : Recognize and analyze ethical problems/ choose and defend resolutions for situations that occur within the healthcare industry.
- LO4: Critically analyze complex business issues and recommend sound solutions, in local and global environments.
- LO5: Demonstrate competency in IT as an enabler of business strategies in all functional areas.
- LO6: Make decisions that meet expectations and requirements of an organization’s stakeholders.
As a student in the Healthcare MBA program, you’ll find you’re attending one of the top MBA schools in Florida and in the U. S. and enjoying a unique learning environment that enables you to:
- interact with world-class faculty and senior healthcare executives
- experience a high level of personal service and support
- build a lasting network of friends
- attend class on Saturdays in our downtown Miami state-of-the-art facility (Fall) or our Broward County location (Spring).
- complete program in eighteen months.
HCMBA FALL 2013 Pre-Start Schedule
Orientation: November 2, 2013 – 8:00am to 5:00pm
Professional Development Seminar Part 1: December 6-8, 2013, each day from 8:00am – 5:00pm
- Presentations Skills
- Communication Skills
- Ropes Course
- Networking Workshop
(Attendance is mandatory for both the Orientation and all Professional Development Seminars)
Online Foundations: October 26 - January 4 (self-paced)
The educational module introduces students to the historical development, structure, operation, and current and future directions of the major components of the American health care delivery system. It reviews the historical evolution of the health care system’s features and examines the ways in which health care services are organized and delivered, the influences that affect health care public policy decisions, factors that determine priorities for the allocation of health care resources, and the relationship of health care costs to measurable benefits. It allows the student sufficient time prior to the start of classes to explore the Learning Management System (LMS) and to gain competence in it use.
Online W2L Part 1: October 26 - January 4 (self-paced)
The Write-to-Learn (W2L): Building Critical Thinking Skills program is designed to enhance the critical thinking and writing skills of graduate students enrolled in Florida International University’s College of Business. To accomplish this, students work closely with the writing coach throughout their program of study. Students demonstrate mastery of the different patterns of organization, author’s point of view and purpose, and intended audience. In addition, they improve their writing skills through individualized assistance while using the conventions of standard written English in all assignments. Students also revise drafts as an essential step of the writing process and learn to use APA publication style conventions.
Healthcare MBA Students
To be eligible for admission to our Healthcare MBA program, you must:
- have four years of professional work experience.
- meet the general university requirements for admission to a graduate degree program.
- be in good standing with all previously-attended colleges and universities.
- have a bachelor’s degree from an accredited college or university.
- have a grade point average of 3.0 or better based on upper-division coursework. Applicants with less than a 3.0 with strong work experience may be considered.
- have official transcripts from all previously-attended universities (undergraduate and graduate) in an envelope *sealed* by the degree-granting institution(s).
- have official proof of degree—a copy of the original diploma is required.
- For those whose native language is not English, have taken the Test of English as a Foreign Language (TOEFL) or the International English Language Testing System (IELTS) must have a minimum score of 213 on the computer-Based TOEFL (CBT), 550 on the paper-based TOEFL (PBT), or an 80 on the internet-based TOEFL (iBT). Applicants taking the IELTS must score a minimum of 6.3 overall. To obtain information about the TOEFL exam, please contact the English Language Institute 305-348-2222, or visit www.toefl.org. When requesting the official scores, please refer to the Florida International University Institution code 5206. To obtain more information about the IELTS, visit www.ielts.org.
- Although the GMAT or GRE is not required for this program, you may be asked to take it to strengthen your admission package.
*Meeting minimum requirements does not guarantee admission to the Healthcare MBA program.
Currently, we are admitting students to our accelerated, weekend Healthcare MBA program for August 2014. June 1 is the last day for all students to submit an online application (see below), supporting academic credentials and appropriate test scores. We encourage interested applicants to apply early because class size is limited.
To expedite the application process, be sure to submit your application's supporting materials to the Healthcare Management Program, even though you are applying online using the university’s graduate online application form. You may apply for this program by completing an online application.
All materials should be sent to:
FIU- Healthcare MBA Program
Chapman Graduate School of Business
Florida International University
1101 Brickell Avenue, 3rd Floor, South Tower
Miami, FL 33131
- Complete the online graduate programs admissions form.
- Submit official transcripts, proof of degree, relevant test scores, and other documentation.
- Submit a current resume (four years of professional work experience are required)
- Provide a statement of purpose—a one-page essay describing your professional goals and reasons for pursuing a master’s degree at Florida International University
- Provide two letters of professional recommendation. If you would like, you can provide your references with the recommendation letter format.
- If a student would like to be classified as “In-State” they must fill out the residency form and provide Front and Back copies of their license and registration (voters or vehicle)
** Meeting minimum requirements does not guarantee admission to the Healthcare MBA program.
Tuition and Scholarships
Tuition for the Professional MBA program for the 2013-2014 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. All fees are subject to change.
Students pay for courses at the beginning of each semester. All fees are subject to change. 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. Those who leave the program receive no refunds.
HCMBA tuition covers:
- all books, software and other educational materials
- university fees
- parking fees at the Brickell facility
- meals on class days
- professional development seminars
- professional healthcare association membership
- professional healthcare associations' meetings
- various special events
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.
To receive financial assistance you must be fully admitted to an FIU degree program or be enrolled in a qualified certificate program.
To receive need-based assistance you must complete and submit the Free Application for Federal Aid (FAFSA) online at www.fafsa.ed.gov. Completing the FAFSA correctly and submitting any requested document(s) by the annual priority deadline date, March 1st, increases your potential to receive the maximum financial aid for which you are eligible.
FIU'S INSTITUTION CODE: 009635
Calculate your Expected Family Contribution (EFC) – EFC Calculator
Recipients of federal loans must meet the following criteria:
- Completed Free Application for Federal Student Aid (FAFSA) Application for each academic year
- Demonstrate financial need;
- Be a U.S. citizen or eligible non-citizen;
- Be registered with Selective Service, if required;
- Admitted to a degree seeking program or an eligible certificate program;
- Be enrolled at least half time (6 credits/undergraduates-5 credits/graduates) when loan proceeds are received;
- Not be in default on a previous student loan or owe a repayment on a previous federal financial aid award received at any institution;
- Applicant can not have an adverse credit history (for Graduate Plus loans only).
Additional requirements may apply depending on the aid programs awarded to you.
Subsidized – is awarded to student’s demonstrating a financial need as determined by the federal processor as a result of your FAFSA application. Your loan eligibility is also based on your academic level (see chart below). Interest payments on this loan is subsidized (you are not charged interest) by the federal government while you are in school or during authorized periods of deferments. You begin repayment six months after you graduate or stop attending at least half-time.
Unsubsidized – a student does not have to demonstrate financial need to receive this loan. You may borrow the cost of attendance minus all financial aid awarded and based on your academic level (see chart below). Interest payments on this loan are not subsidized by the government. You can choose to pay the interest while you are enrolled fulltime or it can be accrued and added to the part of the principal of the loan that you owe. You begin repayment six months after you graduate or stop attending at least half-time.
Graduate Plus - Graduate students are now eligible to borrow under the PLUS loan program up to their cost of attendance minus other estimated financial assistance. Students need to first apply with the Department of Education to initiate the loan application process; the terms and conditions applicable to Parent Plus Loans also apply to Graduate Plus Loans. All Graduate Plus Loans are awarded to all graduate students who meet the eligibility requirement upon receipt of your financial aid award letter for each academic year. This loan is a credit-worthiness loan which will require a credit history approval. Interest Payments on this loan are not subsidized by the government.
Graduate Need Grant - awards based on financial need which do not have to be repaid.
- To be eligible applicant must have an EFC between 0 – 7500
- Must complete FAFSA by April 2nd priority deadline
- Must be enrolled for at least 9 credits per semester for disbursement (Fall & Spring)
- NOTE: PMBA students that apply by the priority deadline (April 2nd) are only eligible for disbursement in the first Fall semesters during the program due to number of enrollment credits per semester in the schedule.
Contact us at firstname.lastname@example.org with any financial aid related questions.
Source: Bureau of Labor Statistics: Occupational Outlook Handbook
For information, or to apply to the Healthcare MBA, please contact at email@example.com or 305-779-7900.