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Quinlan’s MBA in Healthcare Management develops professionals who are effective, responsible leaders with the knowledge, skill, and understanding to successfully manage and lead in any segment of the dynamic healthcare industry.


Whether you are in the hospital or non-hospital sector, we will strengthen your business knowledge, management skills, and leadership capacity to improve the healthcare delivery system.

The Quinlan School of Business offers four MBA programs. Learn which one best fits your needs through our MBA guide.

Program Highlights

 
  • Healthcare focus: Our executive healthcare management MBA is the only industry-specific MBA in Illinois.
  • Global: Through an international immersion course designed specifically for the class, you'll explore global health issues. Past cohorts have visited Europe, South America, and Asia. Travel expenses are included in the tuition.
  • Highly ranked: The program is ranked as one of the 25 best healthcare management MBA degrees by Best Health Degrees, 2021.
  • Strong network: Through small cohorts of 20 to 25 students, all accomplished fellow executives, you’ll be a member of a cohesive inner circle of professionals.
  • Interdisciplinary faculty: Learn the latest practical applications in healthcare management through the expertise of our leading business faculty, as well as faculty from Loyola's School of Law.

What You'll Learn

 

The rigorous coursework has been optimized to meet six essential competencies. These competencies are applicable across the board and are relevant to numerous healthcare settings:

  • Healthcare business knowledge and skills: Understand and correlate the interrelationship of the various factors impacting all segments of the industry
  • Critical decision making: Critically define and analyze business problems and formulate data- and information-driven business decisions
  • Ethics and responsible leadership: Understand the responsibility leaders have to all stakeholders and the application of ethical principles to business practices
  • Team member effectiveness: Successfully participate in and lead multi-functional team projects
  • Business communications: Demonstrate proficiency in the various forms of communications
  • Leadership: Model the characteristics and skills of visionary leaders
 

Careers

 

Quinlan’s MBA in Healthcare Management develops professionals who are effective, responsible leaders who possess the knowledge, skill, and understanding to successfully manage and lead in any segment of this dynamic industry.  Career possibilities include:

  • Healthcare Administrator
  • Pharmaceutical Project Manager
  • Policy Analyst or Researcher
  • Health Services Manager
  • Health Services Administrators
  • Medical Entrepreneurship

Because Loyola is a member of the Jesuit network of 27 colleges and universities nationwide, our graduates can receive career services at Quinlan's Business Career Services, as well as at career centers at U.S. Jesuit colleges and universities.

Program Structure

 

Our Healthcare MBA course schedule is designed for working professionals with busy schedules. Courses are offered over eight 10-week quarters.

Courses meet on Loyola’s Water Tower Campus twice a month—every other Saturday. A modest number of class sessions are held online. Motivated professionals can complete Loyola’s Healthcare Management MBA in 20 months.

The MBA in Healthcare Management is delivered in a cohort format: students attend all required courses together. Cohort groups provide greater focus and continuity, and will enable you to network effectively with classmates who share common interests and careers.

Meet with us to learn more

One-on-one appointments are available with Assistant Director, Katie Laugel. 

Curriculum

A healthcare MBA degree from Loyola University Chicago’s Quinlan School of Business is specifically designed to help healthcare professionals achieve business knowledge and leadership skills appropriate for a variety of settings.

Course schedule for Loyola's Healthcare MBA

Our Healthcare MBA course schedule is designed for working professionals with busy schedules. Courses are offered over seven 10-week quarters. Courses meet on Loyola’s Water Tower Campus twice a month—every other Saturday. A modest number of class sessions are held online. Motivated professionals can complete Loyola’s Healthcare Management MBA in 24 months. 

As a student in Quinlan’s Healthcare MBA program, you will participate in the equivalent of 17 3-credit-hour courses focused on building your skills in four areas:

Business Fundamentals

  • Financial Management - This course will emphasize the basic concepts of corporate finance, including time value of money, valuation of securities, risk and return, cost of capital, capital budgeting and working capital management.
  • Financial Statement Analysis - This course will emphasize the basic concepts of corporate finance, including time value of money, valuation of securities, risk and return, cost of capital, capital budgeting and working capital management.
  • Managerial Economics - This course uses tools of economic analysis to understand demand, supply, profits, production, competition, pricing policies, business criteria for investment, output, and marketing decisions. Students learn how to use various economic tools to make managerial decisions related to output and pricing policies.
  • Managerial Statistics - The purpose of the course is to provide students with statistical and data analysis tools useful for managers. The course emphasizes all the steps and procedures required to successfully assess and manage business problems, including: problem definition, statistical formulation of the problem, data collection, data analysis, and the use of the statistical information in decision making.
  • Quantitative Methods - This course is designed to help students build a solid base of math skills sufficient for MBA finance, accounting, economics, and statistics.

Healthcare Management Fundamentals

  • Business Data Analytics - This course emphasizes how healthcare organizations gain genuine business insight from their data analytics efforts by leveraging modern computing architectures and technologies, modern data visualization methods and tools, statistical and forecasting methods, as well as fundamental data mining techniques. Students will gain a working knowledge of fundamental data analytic methods and approaches for detecting and analyzing patterns across large amounts of business-related data.
  • Conflict Management - This course is designed to help you not only understand the nature and sources of conflict and change in healthcare settings, but to develop/enhance behaviors that permit you to effectively lead yourself and others through change and manage and negotiate the differences that will inevitably arise.
  • Marketing Management - This course focuses on the evolving role of marketing in the ever-changing healthcare industry. We will discuss differences in healthcare marketing to other sectors and explore how internal and external pressures, analytics, segmentation, technology, brand image and service line positioning, impact strategic marketing. We will also discuss marketing fundamentals, ROI, appropriate communication channels and other tools within your organization to create strategic and measurable marketing programs.
  • Operations Management - Introduction to concepts and methods for managing operations in healthcare and service organizations. Topics typically include forecasting, capacity and aggregate planning, material requirements planning, scheduling, facility layout and location, inventory management, just-in-time, total quality management, project planning, and logistics.
  • Strategic Human Resource Management - As a leader or manager, it is your job to find the right people, engage and motivate them, and structure and operate the organization in a way that enables and inspires people to perform at their best. And, you have to do this in a way that preserves the organization’s financial health and protects it from legal risks. Your professional success depends directly on your ability to make the right strategic human resources decisions, and effectively carry out your people-related accountabilities. This course is designed to enhance your ability to do this.

Advanced Healthcare Leadership

  • Healthcare Business Ethics - This course provides a holistic review of healthcare business ethics from a leadership vantage point, which seeks to integrate business ethics across the healthcare continuum. The course presents a systematic analysis of the practical approaches to healthcare business ethics, which is applicable across the healthcare domain. Specifically, the course focuses on the integration of professional and organizational business ethics in health care to foster culturally competent decision making, customer-centered care and service, workforce engagement, and organizational excellence.
  • Values-Based Leadership - This course enables students to exam major approaches to healthcare leadership that are based on personal and organizational values. Students will have an opportunity to explore their own values and approach to leadership and be challenged to identify opportunities for improvement.
  • Business Communication - Effective business communication is vital in today’s complex business environment. This course is designed to help students hone their business writing techniques and oral presentation skills.
  • Special Topic - Effective business communication is vital in today’s complex business environment. This course is designed to help students hone their business writing techniques and oral presentation skills.

Advanced Healthcare Management

  • Finance and Accounting - This course analyzes the financing and accounting of the U.S. healthcare system from the perspectives of providers, payors, and suppliers. The course reviews in detail various reimbursement mechanisms, including governmental and private and changes forthcoming related to reimbursement for providers. The course will also consider revenue and expense analyses, operational and capital budgeting approaches, and methods of capital financing available for organizations in the healthcare system.
  • Economics - The course provides an understanding of the unique economic complexities of the health care industry. Relying on economic principles from Managerial Economics, we will consider issues of the scarcity of resources in the supply of health care, efficiency in the production and allocation of health care, and market behavior of the firms and consumers in this fascinating industry. Issues such as the demand for health care, the role of government in forming health care policy, provider behavior and hospital competition are explored.
  • Policy and Law - This survey course is designed to introduce health care professionals to significant legal principles and issues that apply to, arise from and affect the relationships between and among patients, health care professionals, healthcare institutions and the bodies regulating the provision of healthcare. The course will provide a broad overview, with focus on some of the key relevant laws and regulations that health care professionals are likely to encounter and will also examine court decisions, administrative agency rulings/promulgations and other guidance relating to the regulation of the complex relationships described above.
  • Risk Management - Through readings and case study analysis students will learn to identify legal, ethical, administrative and compliance risk management and patient safety issues and to reach resolutions for the problems presented, even when a legal response may not be available or in the best interests of the patient. Students will learn how to respond to various risk management issues from the perspective of clinicians, lawyers, administrators, managers and patients and appreciate how events are perceived and managed; and often how these perceptions are in conflict.
  • Strategic Management - The course focuses on the structure and processes of developing and implementing strategy in the healthcare industry. It provides an understanding of how to develop strategy that is consistent with the mission and values of the organization, creates value for the consumer, differentiates the institution, and is sustainable.
  • Project Management - This course focuses on the knowledge, skills, tools, and techniques needed by healthcare leaders to meet project requirements. The course aligns with the practices described in A Guide to the Project Management Body of Knowledge (PMBOK® Guide) published by Project Management Institute (PMI). Students will explore how these globally recognized processes lead to improved patient outcomes and business processes within their organization.
  • International Immersion - Students travel abroad for 10-12 days to examine global health care issues up close with leaders, providers, and suppliers; focusing on current challenges and emerging opportunities.
     
     
Apply now. Or learn more about our respected MBA in Healthcare Management by visiting our Chicago campus and reading about our alumni and students. You can also request more information about Quinlan's Healthcare MBA costs and benefits.

Admission

Quinlan School of Business’s MBA in Health Care Management (HCM) program is ideal for health care professionals who are managing and leading in any segment of this increasingly complex industry. A minimum of 7 years relevant professional experience in the healthcare industry is required.

While we review applications on a rolling basis, we do have priority deadlines for tuition grants and admission. Admission is limited to the Fall term.

Application Process

Your application and accompanying materials will be reviewed upon receipt of all required documents. While we review files on a rolling basis, we do have a priority scholarship and final deadlines:

RoundApplication Deadline
Round 1 May 1*
Round 2 June 1
Round 3 July 15

*Tuition Grant: Priority consideration for first-round applicants.

Below you will find both required materials and opportunities to strengthen your application when applying to the Quinlan School of Business. Additional information regarding the application process for international students can be found here.

Required

These application materials are mandatory for all applicants

  • Completed Application Form

    Use our free online application system to get started.
    When applying, choose the year and "Business".
    Please note, you will need to complete the “Biographical Information” section of the application first. Once that section is completed, you will be able to choose your program in the “Application Information” section.

  • Statement of Purpose

    Please discuss how the MBA in Healthcare Management program at Quinlan and our focus on responsible leadership will prepare you for your future career. Limit personal essay to 2-3 pages, double-space.

  • Official Transcripts

    You must submit official transcripts for all undergraduate and any graduate work completed. Copies of transcripts or transcripts not received in a sealed envelope from the university are considered unofficial. If you attended Loyola University Chicago previously, you do not need to request transcripts. We strongly encourage electronic submission of documents. Your college/university may send electronic transcripts to us at gradapp@luc.edu.

  • Letter of Recommendation

    You must submit one letter of recommendation. Referrals should be academic or professional in nature. A referral from your direct manager is preferred. If you supply your recommenders’ email addresses as part of the online application form, they can submit a letter online through a secure website. Alternatively, your recommenders can email their letters to us at gradapp@LUC.edu.

  • Professional Resume

    You must submit a current detailed résumé showing at least 7 years of relevant professional experience within the healthcare profession. Your professional resume may be uploaded via the online application form or you may email it to us at gradapp@luc.edu.

  • Test Scores (GMAT or GRE)

    Not required.

If you meet admission criteria, you will be invited to interview with members of the admissions committee.

Tuition and Financial Aid

The Quinlan School of Business and Loyola's Financial Aid Office are committed to helping students secure the necessary financial resources to make their graduate business education at Loyola affordable.

FAQ

Answers to common asked questions about the MBA in Healthcare Management program.

Is our MBA Healthcare Management right for you?

 

Submit a Pre-Application!

Find out if the MBA in Healthcare Management is the right fit for you.

Fill out our pre-application form and include a copy of your CV or resume.

Once we receive your pre-application, we'll be in touch in three to five business days. Please note that while this review is a helpful tool, it does not replace the formal application process, nor does it have any bearing on our admission decision. We look forward to hearing from you.

What does the MBA-HCM class profile look like?

Loyola’s Healthcare MBA is designed for healthcare professionals, in either a hospital or non-hospital sector, who want to strengthen their business knowledge, management skills, and leadership capacity to improve the healthcare delivery system.

Class Size: 20-25, cohort setting
Average Age: 38
Average Years Worked: 11 years
Gender: 50% female, 50% male

Student Employment by Company:

  • Advocate Health Care
  • Blue Cross/Blue Shield
  • Baxter International
  • Cancer Treatment Centers of America
  • Lurie’s Children’s Hospital
  • NorthShore University Medical Center
  • Northwestern Memorial Hospital
  • Rush University Medical Center
  • Sanofi Pharmaceuticals
  • Shirley Ryan AbilityLab
  • Siemens Healthcare Diagnostics
  • Takeda Pharmaceuticals
  • University of Chicago Medical Center