orm_february-2024 - 19

Salary/Career Survey
Bachelor's degree
MBA
Other master's
degree
Other
What degree is required for the business manager position?
2023
(N=85)
44%
36%
11%
2022
(N=114)
39%
43%
18%
None of the above
4%
6%
1%
2021
(N=89)
48%
31%
15%
1%
4%
2020
(N=79)
39%
34%
11%
4%
11%
2019
(N=139)
47%
30%
14%
3%
7%
discussion, and a business manager should not feel that they
need to have a mastery of all knowledge areas, " she says. " A
successful business manager can source the information that
they don't know and weave it into the landscape of what they
do know. " (Sidebar, Advice for new business managers.)
However, Briana Houghton, MHA, BSN,
BSBA, CNOR, says combining her OR nursing
background with business degrees has made
her more effective in her role as perioperative
business operations manager for UC Health
in Denver. " Whether it's capital planning or
explaining the need for equipment to a non-clinician,
this background has been immensely
useful and beneficial, " she says.
Briana
Houghton,
MHA, BSN,
BSBA, CNOR
The bachelor's degree has been the most
commonly required degree for the past 5
years, with percentages ranging from 39% in 2020 and 2022
to 48% in 2021. In 2014, 58% of organizations required a
bachelor's degree. The next most common required degree
is the master's. When combining percentages for MBA and
other master's degrees, the results consistently fall in the
40% range, with 2022 as an outlier (61%). In 2014, this percentage
was 35%.
Regardless of an organization's requirements, an undergraduate
degree in healthcare administration or an MBA or MHA
are " all very helpful formal education paths for a business manager, "
says Bethany Daily, MHA, BA, executive
director for perioperative services and health
systems engineering at Massachusetts General
Hospital. " These degrees provide the necessary
coursework in finance, human resources, law,
process improvement, and organizational behavior
to help in navigating the many functions
of the business manager role. "
Warman says some clinical background is
necessary for business managers, and that
an MBA in healthcare management should be the preferred
degree. In fact, he is aiming higher. " I'm now going for my
DBA (doctorate of business administration), " he says. " It
might not be necessary, but the critical analytics and strategic
skills from the DBA are helpful. "
Bethany
Daily, MHA,
BA
Present challenges and future outlook
Overall, the past 5 years have brought business managers
greater financial gains with some increased responsibilities.
Other aspects of the role, such as clinical and educational
requirements, remain stable. Challenges that business managers
face include supply chain disruption, inflation, spikes
in patient volume, and other lingering effects of the COVID-19
pandemic. " This may mean that the day-to-day operations
take all available resources, leaving little left over to tackle
strategic initiatives that will set the department up for future
success, " Casanova says. She adds that there is a need to
find creative solutions to drive revenue and cut costs.
In the years ahead, the business manager role is likely
to become more impactful. " Hospitals are generally running
tight margins and must focus on the operational success of
surgical services, " Ruby says. " As such, the role of a surgical
services business manager will become critical for future success. "
(Sidebar, Future of the business manager role.) ORM
-Cynthia Saver, MS, RN, is president of
CLS Development, Inc, Columbia, Maryland, which provides
editorial services to healthcare publications.
@ORManager
@OR_Manager
linkedin.com/company/or-manager
Stay connected
& informed.
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OR Manager | February 2024 19
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orm_february-2024

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