Master of Business Administration (MBA) Concentration:  The Business of Healthcare

Experts predict the health-care industry will comprise 20 percent of the country's gross domestic product by 2010.  Patients, providers, and businesses that pay for health-related services want to reduce rising costs.  At the same time, millions of Americans are uninsured or underinsured, and their numbers are increasing.  Technological advances have resulted in amazing medical breakthroughs, but they require money to develop.

Health-care professionals frequently fall into different camps.  Physicians and researchers with specialized clinical knowledge worry cost-control measures may undermine patient care and discourage important innovations in medical devices, surgical procedures, imaging technology, and pharmaceuticals.  Business administrators believe inefficiencies in health-care delivery drive up prices, which, in turn, makes U.S. companies less competitive in a global economy.

The Business in Healthcare concentration, offered to students enrolled in Olin Busines School's MBA program, is designed to help develop a new generation of leaders who manage organizations that combine costting-edge medical and business practices.  There is an incredible need for financial and managerial knowledge in every aspect of the health-care industry.  This concentration will help prepare individuals to meet that need and to change the face of health-care delivery.