Undergraduate Minor - Business of Healthcare

The Business of Healthcare minor is available to degree-seeking students admitted to the Carlson School of Management at the University of Minnesota. The minor provides an opportunity for students specializing in one of the functional areas of business to gain additional skills that prepare them with a deeper knowledge of the medical industry. Students undertaking this minor will be exposed to courses on healthcare marketplace, institutions, regulations, reimbursement, medical technology, and healthcare analytics. Knowledge of healthcare markets and business of healthcare complements disciplinary training of the Carlson undergraduate majors.

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Minor Curriculum

View the full Business of Healthcare Minor catalog:

Business of Healthcare Minor Program Requirements & Course Descriptions

August Maurer

I chose the Business of Healthcare Minor because it gives me the opportunity to combine my interest in the healthcare field with the essentials of the business world. I have found the content of this minor very engaging and has shown me many different opportunities in the industry.

August Maurer, '27 BSB

Business of Healthcare FAQ

It’s about understanding these complexities:

  • How markets work differently in healthcare
  • Who the key players are—patients, providers, insurers, technology companies, policymakers
  • How their incentives shape decisions

Students in this minor learn the big picture: how all these pieces fit together and how business decisions ripple across the healthcare system. It’s perfect for anyone who wants to make an impact in one of the most important industries in the world.

This minor is perfect for students who are curious problem-solvers and want to apply business thinking to real-world healthcare issues. If you want to combine business skills with purpose-driven work in one of the most important industries in the world, this minor gives you the tools and the big-picture perspective to do that.
 

Students gain a deep understanding of healthcare institutions, regulations, and market dynamics. Through projects and engagement with local providers, payers, investors, and medical technology firms, they get to see how business decisions play out in practice.

Our graduates speak the industry’s language, understand its strategies, and require less on-the-job training—making them more attractive to employers. The minor complements any Carlson major by adding electives that strengthen core business skills and apply them to healthcare.
 

Healthcare is one of the fastest-growing industries—and Minnesota is a major hub. We have over 750 healthcare-related firms in the Twin Cities area, including leaders in medical technology, health systems, insurance, and consulting. Companies like Medtronic, Boston Scientific, UnitedHealth Group, Optum, Fairview Health, among many others, actively recruit students who understand the healthcare ecosystem.


Our graduates take on a wide variety of career paths: 

  • Consulting for healthcare clients
  • Finance and investment in health systems or medical technology
  • Marketing and product strategy for medical devices or digital health
  • Data analytics for payers and providers
  • Operations and supply chain for hospitals and med tech firms
  • Entrepreneurship in health innovation
     

Recruiters consistently say they want students who understand the big picture—health economics, regulations, key players, and trends. This minor gives students that knowledge, making them more competitive and reducing the training burden for employers.

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