Partner Sites


Logo BusinessBecause - The business school voice
mobile search icon

Big Data Mines Healthcare Management Careers

Healthcare groups are increasingly investing in predictive analytics, helping to spur an increase in healthcare management jobs for MBA and master's students.

Tue Dec 2 2014

BusinessBecause
As businesses grapple with identifying how data analytics can open up new revenue streams, healthcare groups are increasingly investing in predictive analytics, helping to spur an increase in healthcare management jobs for business school graduates.

According to a quarterly healthcare jobs snapshot compiled by Healthecareers, a recruitment network, the provision of administrative and executive positions increased by 33% in the third quarter of 2014 compared with 2013.

Healthecareers collected data from 74,859 healthcare and medical job openings placed by 3,077 hospital and healthcare organizations in the US.

Separately a report by Rock Health, a San Francisco seed fund for digital health-related start-ups backed by Silicon Valley venture capitalists, the Mayo Clinic and Harvard Medical School, as well as General Electric and UnitedHealth Group, forecasts that $1.9 billion in investment will be pumped into predictive analytic projects. These include utilizing historic data to predict future developments and influence patient care.

According to Rock Health, the healthcare sector stored roughly 500 petabytes of patient data in 2012 – but by 2020 they expect 50 times as much data, or 25,000 petabytes, to be stored.

Business schools believe that the surge in demand for data-driven solutions will open up career opportunities for their graduates. This trend is already being seen in sectors including finance, media and retail and e-commerce.

It has led to a collection of data-specific business master’s degrees being launched in the US and Europe.

Yehuda Bassok, chair of the data sciences and operations department at USC Marshall School of Business, said that there is demand for students in marketing functions within the healthcare sector.

“Companies are coming to us and saying one quality we are looking for is their ability to look at a very large data set that is unstructured and to make some sense of it,” he said.

He added that healthcare is one of the “biggest areas” of data analytics recruitment: “I can see it as a very important tool in the very near future in global healthcare, and in low income countries. There is a huge need for people that can deal with data,” he said.

Healthecareers’ research compounds similar data released by QS, the university and careers research firm, which found that the pharmaceuticals, biotechnology and healthcare sectors hired 5% more MBA students globally in 2013. But hiring growth in western Europe surged by 10%, according to QS’ survey of 4,318 companies that actively hired MBAs.

Jennifer George, director of the master of business analytics at Melbourne Business School, said that there is an “urgent need” among the school’s closest organisational supporters for analytics professionals.

“Those organisations who are not considering how to use it effectively are giving away a huge competitive advantage to their rivals,” she added.

Changes to the US healthcare system such the increase in business-related problems including the many intricacies of the implementation of the Affordable Care Act has fed a demand for healthcare groups to seek managers with an MBA as well as an MD degree.

Medical students are now increasingly turning to dual-degree programs which prepare them for potentially lucrative careers in health management.

According to the Carnegie Foundation’s Healthcare Policy and Research Centre, the number of joint MD/MBA programs in the US has increased from six to 65 in 20 years, and by 25% between 2011 and 2012.

Other business schools run healthcare management MBA programs, including the Fuqua School of Business and Rotman School of Management in North America, and the Frankfurt School in Europe.

Karen Klein, president of Rotman’s Healthcare Management Association, said that an MBA gives her the opportunity to enhance financial and business strategy skills, as well as broaden her knowledge in areas of integrative thinking and problem solving.

She worked as a dental surgeon in South Africa and hopes to move into innovative healthcare organizations that allow her to combine medical and clinical knowledge with her business skills.

“We aim to extend students’ exposure to include the financial roles and entrepreneurship opportunities that are becoming increasingly relevant in the healthcare sector,” she added. 

Student Reviews

Duke University Fuqua School of Business

Student

Verified

31/10/2023

On Campus

Supportive atmosphere

The professors at Duke university exhibit exceptional commitment to the success and well-being of their students by ensuring their academic growth and fostering a supportive social atmosphere. Moreover, the entire community is recognized for its amicability and inclusiveness.

Maxwell

Verified

30/03/2023

On Campus

Diversity

The people or the students are without a doubt Duke's greatest asset. While all students are driven to succeed, they are also enthusiastic about a variety of hobbies. You run across a huge lot of diversity. It is the ideal example of a school with well-rounded students and the ideal balance of campus life in a metropolis.

Anabelle

Verified

27/02/2023

On Campus

Happy to school

All I could ever hope for is Duke University. That really epitomizes the "work hard, play hard" philosophy that elite colleges frequently pursue. Even though you'll have a lot of schooling to complete over the week, it's simple to keep focused because all of your friends are putting in similar amounts of effort. Many events taking place on and around campus on the weekends provide a great way to unwind. The combination of demanding academics and traditional college fun strikes the perfect balance.

Monica

Verified

27/02/2023

On Campus

Good schooling

Living, eating, learning, and developing who you want to be as an adult are all fantastic at Duke. I participated in student athletics, and I couldn't have asked for a better interaction with the faculty and other students. I appreciate all of the help I get from the Duke community more than anything. Furthermore, the teachers take the time to get to know you, and the lectures are diverse and demanding (if you do the same). I'd give it a 10 out of 10.

Aline

Verified

26/11/2022

On Campus

Beautiful School, Nice Classes

DU remains one the greatest and best universities that I have ever stepped in. The school is beautiful and neat. The classes are spacious and also very nice. I enjoyed attending my Lectures in those lecture halls. I also loved the Lecturers because of the good work they did. The university also has very good dorms that are given to students on first come first serve basis and they are affordable

Student

Verified

29/06/2022

Blended

Amazing experience

I received my B.S. in Biology and B.A. in Global Health with a minor in Chemistry from Duke University. I was able to grow as a student, scientist, and global health advocate with the help of my friends, professors, and other mentors I met along the way. A lot to learn if you look and ask, a great place to learn for those who want to learn.

Student

Verified

29/06/2022

Blended

whirlwind of growth and change

An amazing 2 years, with covid and everything else happening Duke has been a place of growth for me. The courses , classes were one of a kind, online and on campus. But the valuable lessons learned in the classes are irreplicable. The students are amazing here, so much diversity , I had no problem fitting in. The teachers are down right brilliant and so helpful. Don't be afraid to ask them anything. Graduated with my MBA with Duke and now my future awaits.

Student

Verified

29/06/2022

On Campus

One of the best for Business students

Graduated with an MBA. The classes were very insightful and engaging. The staff are very easy to deal with. The teachers and students, are truly amazing people. Grateful to all the people I've met along the way at Duke. I've learnt a great deal that will help me in my future endeavors. The campus itself is a marvel, it is beautiful.

Student

Verified

16/06/2022

On Campus

The university campus is awesome

I graduated with a masters degree in Religious Studies from Duke University. One thing I really liked about the university is its huge campus. It is spread in a large area with a lot of greenery and also have the facilities of reading rooms for single person also. My department building was very well taken care of. The library is immensely populated with books for all your needs. The faculty is very nice to students. The classes are equipped with latest technology to cater the needs of students. The University also provides room rentals for international students. They are very well maintained and priority is given to the International students for a comfortable stay there. There are weekly events conducted by the University as well as Student clubs for the entertainment of students. Anybody can take part in them and show their talents. I enjoyed my degree and I graduated in 2021 and was very happy that I had graduated from a reputed University.

Dhanush

Verified

12/07/2024

On Campus

Program Flexibility and Vibrant Campus Life

Duke University is renowned for its rigorous academic programs and vibrant campus life. The university offers a diverse range of majors and research opportunities, supported by world-class faculty. What I particularly liked about Duke was its strong sense of community and the wealth of extracurricular activities available to students. The campus is beautiful, with top-notch facilities and a supportive atmosphere that fosters both personal and academic growth. Overall, I would highly recommend Duke University for its excellent educational offerings and strong alumni network. If you're looking for a place that challenges you academically while offering numerous opportunities for personal development, Duke is an excellent choice.

RECAPTHA :

b9

09

a2

a9