The terminal degree for the healthcare management field is a PhD in Healthcare Management. Administrators and managers who obtain this degree are sought after by many employers, and they offer the highest level of skill. They are capable of combining business management and an extensive knowledge of the healthcare industry to produce an effective business plan for hospitals or private practices. Often, those who obtain a PhD in Healthcare Management will stay within the education system and become professors, teaching and researching many aspects of business related to the healthcare industry.
