Healthcare MBA
The hospital of tomorrow comes alive at educational forum
Looking toward the future constitutes a wise practice for any business sector. For healthcare, it’s critical.
On May 5, 2011, industry leaders gathered for "Healthcare Facility of the Future," a South Florida Healthcare Executive Forum educational program held at the College of Business Administration at Florida International University (FIU).
The event was hosted by the Health Management Programs—directed by Nancy Borkowski—in the Chapman Graduate School of Business.
Health Care Reform: Where are we and where are we going
Lecture with Dr. John Iglehart, founding editor of Health Affairs and National Correspondent for the New England Journal of Medicine.
In his talk, "Health Reform, Mounting Deficits and Partisan Politics: A Perilous Path on Uncertain Terrain," Iglehart, founding editor of Health Affairs and national correspondent for the New England Journal of Medicine, spoke to 125 luncheon guests including leading members of South Florida’s healthcare community, educators and practitioners.
MBA students leaning to healthcare, finance, cross-discipline study
Healthcare administration continues to attract students to local business schools, experts say, and cross-disciplinary curricula are gaining in popularity.
"Our healthcare MBA is still very hot," said Luis Casas, director of marketing, communications and recruiting for Florida International University’s College of Business Administration.
FIU started the program in the fall of 2010, he said, and due to its popularity "we've already opened up a new group for the spring of 2011, and are recruiting for another group that will start in the fall."
Lights, Camera, Action…
Dr. Nancy Borkowski, Director of Healthcare Management Programs at FIU
On Friday, April 9, 2010, Florida International University asked Government Center Metrorail Station commuters to share their priorities for healthcare in an interactive installation as part of the launch of their MBA in Healthcare Management. Dr. Nancy Borkowski, Director of Healthcare Management Programs at the Chapman Graduate School of Business, was interviewed, along with more than a dozen Miami business and healthcare commuters.
Healthcare CFO Roundtable
CFO Roundtable examines what healthcare reform means to South Florida
Nancy Borkowski, director of the Healthcare MBA program in the Chapman Graduate School of Business at Florida International University’s (FIU), opened a CFO Roundtable with an unusual challenge:
Be the first to assemble six pieces of brightly colored foam into a pencil cube.
South Florida health care leadership gathers to learn 2012 trends.
If you ask physicians and healthcare administrators to spend an entire workday away from their busy worlds, you better make sure the event is highly beneficial.
“I found this event to be extremely worthwhile, for clinicians and administrators to learn best practices around the county,” said internal medicine physician Deborah Gracia. She and 80 other CEOs, CMOs and health care executives from South Florida’s health centers attended the “2012 Trends in Patient Care” on January 18, 2012.
Questions?
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.
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.
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.
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
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.
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 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.
Student Learning and Program Outcomes
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.
Program Outcomes
Given our mission, this program has defined the benefits to students as you gain new knowledge, increase your skills, change your values, and modify your behavior through the following program outcomes (PO):
- PO1: Graduating students are satisfied with program value and potential for career advancement.
- PO2: The program will admit well qualified students who will successfully complete the program.
- PO3: The curriculum is relevant, coherent, and improves skill development in organizational management.
- PO4: The program will provide quality instruction.
- PO5: The program will provide quality advising, program administration, academic and student support services, and facilities.
- PO6: Maintain sufficient gross revenues to cover all program expenses and be self sustainable.
- PO7: Graduating students will see an increase in salary as a result of obtaining degree.
Unique Features
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.
Admissions
Application Process and Requirements
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.
Healthcare MBA Application Process
Application Deadline
Currently, we are admitting students to our accelerated, weekend Healthcare MBA program for Spring 2013. September 23rd 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 35 students.
Application Process
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 at: http://gradschool.fiu.edu/admissions.html (Select Professional MBA with subcategory Healthcare Management).
All materials need to be sent to:
FIU- Healthcare MBA Program
Chapman Graduate School of Business
Attention: Dr. Nancy Borkowski, Director Healthcare Management Programs
Florida International University
11200 S. W. 8th Street— RB 250
Miami, FL 33199-0001
To apply:
- Complete the online graduate programs admissions form at: http://gradschool.fiu.edu/admissions.html (Select Professional MBA with subcategory Healthcare Management).
- 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
Financial Aid
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
LOAN ELIGIBILITY
Eligibility/Requirements
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.
LOAN OPTIONS
Loan Types:
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
For information, or to apply to the Healthcare MBA, please contact Dr. Nancy Borkowski at nborkows@fiu.edu or 305-779-7901.
