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Home General

Understanding The Benefits of Business Skills And Experience In Healthcare Settings

Barry Lachey by Barry Lachey
December 29, 2023
in General
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Benefits of Business Skills

Benefits of Business Skills

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If you’re looking to elevate your career, you might be surprised to learn how business skills and healthcare experience can combine to elicit new and exciting job prospects. When you’re experienced in healthcare, and formally trained in business, your practical skills and academic knowledge can work together to accomplish career objectives you may not even have dreamed of achieving.

Of course, to be qualified to pursue these objectives, you’ll need to complete higher education. But it will be worth the commitment. The professional roles you will have access to as a healthcare MBA admin grad are varied, well-paid, and highly in demand.

Stay with us to learn more about these roles, as well as the many other advantages of combining your business and healthcare expertise.

Table of Contents

  • Bridging the Gap Between Business and Healthcare: What’s the Connection?
  • Bringing the Business Acumen: What Your MBA Can Bring to Your Healthcare Role
    • How to Think Critically
    • How to Make Strategic Decisions
    • How to Negotiate, Influence, and Persuade People
  • What Can My Business Skills Bring Me: Professional Prospects for Graduates
    • Chief Health Officer
    • Nursing Director
    • Health Business Analyst

Bridging the Gap Between Business and Healthcare: What’s the Connection?

If you’re considering enrolling in a Master of Business Administration in Healthcare Management, you may well be wondering what the connection could possibly be between the two very different disciplines of business and healthcare.

The fact is that combining these two areas of expertise can elicit amazing results. Not least, it can do wonders to progress your career. But most importantly, you can make a significant impact on the healthcare industry as a business leader.

But how exactly will you do this? Just keep reading to find out.

Bringing the Business Acumen: What Your MBA Can Bring to Your Healthcare Role

So, what can your MBA qualification bring to your role in healthcare? For starters, as a business grad, you will bring your pioneering spirit and natural flair for innovation to the medical system. This could see you putting better, more efficient processes in place, and making your mark on how healthcare processes operate in the future.

Further to this, your leadership skills as a business graduate make you a shoo-in for upper management roles in the healthcare industry. Some of the skills your MBA will provide you with that will help you become a competent medical leader include:

How to Think Critically

Critical thinking is key to being a competent leader. To be able to think critically, a leader needs to be able to conceptualize, analyze, and evaluate information effectively. This is a vital skill, especially when you are required to make important business decisions.

How to Make Strategic Decisions

The ability to make strategic decisions is central to strong leadership. Of course, we all need to make decisions from time to time. But some of us are, admittedly, guilty of um-ing and ah-ing and constantly changing our minds. On the flip side, being able to affirm, implement, and stand by our decisions is a sign of a strong leader.

How to Negotiate, Influence, and Persuade People

Being a good leader is more than just being charismatic, charming, and likable. Although admittedly, these qualities can go a long way! Despite this, you also need to be firm, persuasive, and able to negotiate to get the results you want. The power of influence can be learned, and as a business graduate, you will be equipped with the skills to make impactful changes in your field.

What Can My Business Skills Bring Me: Professional Prospects for Graduates

The types of roles available to graduates who want to combine their love for business with their passion for healthcare can include:

Chief Health Officer

A Chief Health Officer or CFO is one of the highest leadership positions you can attain in the healthcare industry. In this high-flying role, you will be responsible for providing expert advice to guide and inform public health policies set in place by governing bodies.

Nursing Director

As a nursing director, you will lead teams of nurses in hospital settings. This role is not one to be taken lightly – in the hands of nurses, patient lives are at stake! For this reason, competent nurse leaders are pivotal to the healthcare industry.

Health Business Analyst

Finally, a role that actively combines your business analytical skills with your medical expertise. A health business analyst does just that – analyzes and evaluates the daily operations of a medical business to identify areas of improvement and inform future business decisions.

Regardless of which role you choose, however, you can be assured that you will be well paid. Each of these career pathways is strictly for the most ambitious of business-minded healthcare workers – the ones who understand the benefits of combining their medical expertise with their business acumen.

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Barry Lachey

Barry Lachey

Barry Lachey has been working for the Suffolk Cooperative Library System, providing cooperative services to the 29 public libraries in Suffolk County, New York. As the System Training and Operations Manager, Barry leads a team managing and providing support for an IPS shared by 30 of the member libraries from across the county. A certified Project Manager, Barry often coordinates large cooperative projects for the libraries in hIS consortium, and is actively involved in providing continuing education for the library professionals in her area.

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