MBA in Health Care Management

The health industry is at a booming pace now days. In case you want to have a future in this related industry then it becomes very essential for you to choose an apt course that can make things work for you. For instance, if you decide to do MBA in Health Management then you must pursue your course after understanding the relevance and importance of that course in enhancing your professional life. Apart from this, there are various other facts that you need to keep in mind before going for any specific health care education.

Why seeking for health and well being education?

Well, this is for all the courses, whenever you choose to go for any higher education you must be clear in your mind that why do you want to do this and what can you gain out of it. If you are clear with this, you will concentrate more on your education and will aim for a better future. If we talk about specifically for this health care field, then it has dual benefits. Firstly, immense monetary gain and secondly you are in a way helping people through your work.

Career opportunities

• Professional outlook: Being a graduate you may practice your skills and by the time you your MBA or any other health care management degree, you can easily look forward to a lucrative and responsible career ahead. Apart from this, if you are not interested in hard core health service then once you pursue MBA in this particular field you may even opt to become a financial manager or administrator for that matter.

• Monetary prospects: As far as your annual income is concerned, pursuing a career in this field can really prove to be lucrative and money making for you.

Degree Specifications

The course material vary from one institution to another thus, there is no specific detail on what all will you learn out of it. There are various types of courses addressing students requirement such as full time, part time, distance, executive or evening courses. All these courses in Health care Management try to fulfill the objective of the student. Health System Management, Health Information Technology, Law and Ethics in Health management, Managerial Communications, Financial Management, etc. are few relevant course materials that are taught to sharpen the skills of the students in this particular course.

The degree of MBA in this field makes you capable of handling the responsibilities, keeps you updated with the technology and imparts knowledge to grow you as an individual and as a professional.

Health Care Reform – As of Today

It came about last week. I was sitting in a State Conference for insurance professionals. I knew it was coming and I was ready to see if maybe THIS time, I would get more understanding than I had before. There was so much coming at me with regards to health care reform, I seemed to be in a tidal wave of information that seemed to change daily. The good news is, it was not just me. The bad news is, eve n many of those people “in charge” have little to no idea what is the 2,000 + pages of legislation called “health care reform”. A few things I came away with, I will share here…as well as an excellent bit of compiled info on some recent points to keep in mind for the coming months of 2010.

1 – Don’t worry if health care reform seems confusing… it is. Many who felt health care reform would be a good thing for the United States, I feel, forgot how many cooks would be in the kitchen on this one. Sure, there were some “head chefs”, but everyone wanted to make it something good for them or the people they represented. Unfortunately, I also feel that all these “chefs” forgot to consider one party of people and that was others. They seemed to forget the masses of people this was supposed to help and instead focused on a plan so riddled with more questions than answers.

2 – Health care reform will change even more. If you thought this bill was it, think again. If anything more could go wrong in our political administration I would be shocked. I just don’t see this group of “changers” lasting much past one term in office. With that said, one of the first things that will be adjusted and changed will be health care. No matter who takes over, the bill we currently are so concerned with and the bill that would take until 2014 to completely make itself known will change so dramatically we really won’t know anything until it’s all said and done.

3 – We will be the ones to help make sense of it all. I write to many colleagues each and every week and one thing is certain… the insurance professionals will be the ones to be sure that the regular people know what health care reforms will effect the people we get an audience with. We as professional insurance agents and representatives will be the ones on the front lines making sure that our clients understand what is out there and how and/or what to do about it. If we work with companies and their benefits, we will be the ones those human resource professionals and business owners will be turning to for answers. Will you be ready. Start now and take a little each day to be more “up to date” than the agent down the street. It will help you stand out as “the go to” for health care reform answers.

4 – We all have to share. If we get some great pieces of information, we need to share it as soon as we can with as many people as we can. The information about health care reform is not meant to be secret, but many have no idea where to get it. If you get a handle on some piece of this legisltation, share it. Share it in an article or a newsletter. Share it in speech or over coffee. When we share information, we keep all the facts on the table and together we can all work this out.

Below is a compilation of some items to consider with regards to health care reform. Feel free to pass on any of them that you see fit for you and your situation:

- Retiree Health Subsidy. For plans that satisfy various application and submission rules, the federal government will reimburse participating employers 80% of an early retiree’s (age 55 and over but not eligible for Medicare) health claims between $15,000 and $90,000. This program is to be effective as of June 23, 2010, and will cease upon the earlier of exhaustion of its $5 billion in funding or January 1, 2014.

- Increased Resources. The Health Reform Bill allocates an additional $300 million to fight health care fraud and abuse over the next 10 years.

- Transparency. Effective immediately, physician practices who provide their patients MRI, CT, and PET imaging services are required to inform those patients in writing of other suppliers in the community who can provide those services. The Health Reform Bill also requires disclosure of financial relationships between physicians, hospitals, pharmacists and other providers and manufacturers and distributors of certain drugs, devices, biologicals, and medical supplies.

- Community Health Assessment.