MHA vs MBA: Key Skills & Career Options Explained

a career in healthcare is a great way to 0:12 make a difference and a positive impact 0:14 in the world but becoming a doctor or 0:17 nurse is not the only way to accomplish 0:19 this goal hospitals and medical 0:21 practices aren't just places for healing 0:24 there are also organizations that 0:26 require capable business-oriented people 0:29 to keep them running SM smoothly if 0:31 you're interested in a career in the 0:32 business side of healthcare there are 0:34 many ways to get there including a 0:36 master's of Business Administration or 0:38 MBA and a master's of Health 0:40 Administration mha this leads to an 0:43 obvious question what is the difference 0:45 between an MBA and an mha an MBA will 0:49 prepare you with a generalized and 0:50 flexible skill set for a number of 0:52 business careers combined with a 0:54 background in the healthcare field it 0:56 can prepare you to work on the business 0:57 side of the healthcare industry MB 1:00 typically focus on critical thinking and 1:02 effective management 1:04 practices throughout your MBA track you 1:06 will take classes that focus on several 1:08 key categories including marketing the 1:11 goal of marketing is to communicate the 1:13 value of your product to the consumer to 1:15 accomplish this students will learn how 1:16 to evaluate communication channels to 1:18 increase patient loyalty develop better 1:21 strategies to promote initiatives and 1:23 analyze data to generate future plans in 1:26 management management courses prepare 1:28 you to become an effective leader and 1:30 motivator on a team level and a company 1:32 level students will acquire the skills 1:34 necessary to help build leadership 1:36 including strategies for developing and 1:37 training people to align with the 1:39 company's business goals and effectively 1:41 steering organizations through both 1:43 internal and Global 1:46 changes finance an MBA program will 1:49 prepare you to take an active role in 1:50 the planning execution of an 1:52 organization's Financial 1:53 strategy students will learn to assess 1:56 cash flow and other indicators of 1:58 financial sustainability an Anze budgets 2:00 to drive effective business decisions 2:02 and understand the relationship between 2:04 governments businesses and economic 2:07 conditions in contrast an mha degree 2:10 specializes in preparing you to work on 2:12 the administrative side of a healthcare 2:14 practice by earning one you will acquire 2:16 the skills you need to effectively run a 2:17 healthc care business on a day-to-day 2:19 basis there's plenty of overlap between 2:21 the courses you may find in an MBA 2:23 versus an mha program such as marketing 2:26 management and finance but an mha will 2:28 likely focus more on their applications 2:30 in a healthcare setting an mha program 2:34 will focus on several key factors 2:36 including policy whether through 2:38 examining the marketplace current trends 2:40 or the law you will learn how to 2:42 identify the best practices for your 2:44 organization to adopt through skills 2:46 such as analyzing the health care needs 2:48 of various 2:51 populations examining state and federal 2:53 guidelines determine their impact on 2:55 your 2:58 practice and determining the best 3:00 strategies for Effective Healthcare 3:03 advocacy systems students will gain a 3:06 practical framework for how to analiz 3:08 evaluate and Implement systems to help 3:10 your organization Thrive along the way 3:13 you'll learn how to adopt a systems 3:14 mindset for both personal and 3:16 professional 3:18 contexts and generate strategies to 3:20 identify the best projects to support 3:22 your organization's 3:25 initiatives informatics by learning how 3:27 to read and interpret patient data 3:29 students will learn how to determine the 3:31 best strategies for organizational 3:32 growth this will be accomplished by 3:34 analyzing how data can be used to 3:36 improve policies and 3:38 operations which will develop quality 3:41 indicators designed to inform decision- 3:45 making and if you can't decide which of 3:48 these two paths to pursue you can opt 3:50 for both with a joint mha MBA degree but 3:54 no matter which path you pursue you'll 3:56 graduate with skills and tools you'll 3:57 need for a career in Health Management 3:59 and the opportunity to make a real 4:01 difference if you're deciding between an 4:03 MBA or an mha and you found this video 4:06 useful why not give us a like and make 4:08 sure to subscribe to stay up toate on 4:10 useful info that can help you plan your 4:12 next moves