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Business Careers in Healthcare

Published on:
decorative image with the text business in healthcare

By Solomon Lin, Career Coach, David Eccles School of Business

Edited by Colette Wogsland, Career Success Intern

Published: May 23, 2025

The healthcare industry not only focuses on medical and clinical aspects but also requires a wide range of business functions for its smooth operation. Business careers in healthcare offer a blend of healthcare and business knowledge providing business professionals with the opportunity to make impactful contributions to the industry.

Business Healthcare Career Paths

In the healthcare industry, there are multiple career paths available based on an individual's interests and strengths. The pathway in this field is unique to each individual, driven by their passion to do what is best for patients. 

What unique career paths in healthcare can business students consider? 

The industry encompasses various sub-industries including: 

  • Telemedicine
  • Acute Care/ Long Term Care
  • Pharmaceuticals
  • Behavioral Health
  • Health Insurance 
  • Medical Devices
  • Insurance 
  • Electronic Medical Records 
  • Medical Staffing Agencies 

There are numerous functions within these sub-industries such as:

  • Sales
  • Finance 
  • Risk Management 
  • Operations Supply Chain 
  • HR
  • Information Systems 
  • Government Regulations
  • Project Management 

Individuals getting into the industry often begin in entry-level positions and work up. It is very common to pursue advanced degrees like Master of Healthcare Administration (MHA), Master of Business Administration (MBA), Master of Public Administration (MPA), Master of Public Health (MPH) or participating in administrative fellowships and administrator-in-training programs. 

Specific Skills Valued in Healthcare

In the healthcare business sector, several specific skills and attributes are highly valued. Working in healthcare requires a lot of collaboration between co-workers, departments and patients. More specific skills include: 

  • Patience 
  • Community focus 
  • Compassion and Empathy 
  • Collaboration 
  • Leadership 
  • Ability to influence 

What are some ways to acquire these skills? 

The best ways to acquire these skills and to prepare yourself for a career in this industry is through engaging in case studies, participating in internships, and enrolling administrative fellowships. These skills are all achievable through participating in activities outside of the classroom. 

Trends in the Healthcare Industry 

There are several trends in the healthcare industry affecting business roles. The change in recent trends are mostly due to technological advancements, regulatory changes and certain health priorities. 

Quality and Outcomes:Trends focused on quality and outcomes are pivotal to improving patient care, ensuring safety, and optimizing healthcare delivery. 

Cost and Value: These trends of cost and value in healthcare are helping create a more efficient system for patient care and while reducing expenses. 

Technology: Technological advancements are transforming the healthcare industry, leading to improved patient care, enhanced efficiency, and reduced costs.

Patient Experience: Patient experience in healthcare is a top priority and recognizing that patient satisfaction is a key component of quality care.

Mental Health: There is a growing recognition of the importance of mental health. This recognition has led us to start prioritizing our mental state of being which is shifting our healthcare needs. 

Population Health: Instead of focusing solely on individual care, the industry is beginning to shift their focus on entire communities.

 

Networking and Building Connections

To become involved in the healthcare industry, networking and building connections with professionals in the field is crucial. Networking is not unique to healthcare, as networking is necessary for career advancement and professional development in any field.

How can students build professional connections? 

Networking is extremely important when it comes to becoming involved in the healthcare field. Some extracurricular activities students can participate in includes: 

  • Set up LinkedIn and Handshake
  • Attend career fairs 
  • Listen to speakers at club meetings
  • Conduct informational interviews

Securing an Internship 

There are many things a student can do in order to break into the healthcare field whether that be with an internship or an entry-level position. Networking is fundamental in order to build professional connections that can eventually lead to valuable opportunities. 

Networking: When it comes to securing an internship, having professional connections will be your greatest asset. That is why it is always important to network with professionals in your intended field. 

Research: Students should research a variety of different companies to understand what companies would potentially fit them best based on their values and missions. 

Understanding Qualifications: Becoming more aware of what qualifications are needed can help students know what to focus on and what skills are needed to develop. 

Career Coaching: Utilizing on-campus resources such as U Career Success can help students prepare for their future. Setting up an appointment with your career coach can help you take the next steps in securing an internship. Schedule an appointment here!

What are some good entry level jobs?  

Entering the healthcare industry can be achieved through various entry-level jobs. These entry level positions help provide a foundational experience and open opportunities for growth. Here are some good entry-level jobs in healthcare: 

  • Front desk receptionist for a Hospital
  • Customer Service 
  • Hospital Analyst 
  • Insurance Billing 
  • Positions working with patients 

In conclusion, business careers in healthcare offer a unique blend of opportunities that allow professionals to make a positive impact in the industry while using their business skills. The healthcare sector is vast and diverse, providing many pathways for career growth and development. As the industry continues to evolve, the demand for skilled business professionals will only increase. By acquiring essential skills, engaging in internships, and building professional networks, anyone interested in joining this industry can position themselves for success. The journey in healthcare business careers is rewarding and impactful, ultimately contributing to the betterment of patient care and community health.

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