MBA Healthcare Management is a two-year postgraduate course that equips students with knowledge of healthcare systems, public health-related systems, hospital networks, or other medical facilities. The course opens up a variety of job opportunities in hospitals and healthcare related corporate firms.
|Full Form||Master of Business Administration in Healthcare Management|
|Duration||Course Duration of Master of Business Administration [MBA] (Healthcare Management) is 2 Years.|
|Age||No age limit|
|Minimum Percentage||Aggregate of 50% in Under graduation|
|Average Fees Incurred||INR 2.5 to 7 Lakhs|
|Average Salary Offered||INR 5 - 12 LPA (Source: Payscale)|
|Employment Roles||Hospital Administrator, Healthcare Manager, Facilities Director, Administrative Officer, Chief Operating Officer, Research Analyst, Healthcare Finance Manager|
According to GIS Global, healthcare management (or healthcare administration) is defined as "supervising a healthcare organization's functions. Healthcare manager's tasks include providing leadership, management, and direction to healthcare units (such as hospitals or other health care systems) to ensure the best delivery of the available healthcare services."
MBA Healthcare Management subjects include management of disease control, conflict management, hospital enterprise management, hospitals, healthcare planning, and many more. Healthcare Management is entirely dynamic and competitive, and the aspirants have diverse job scope. Generalists work for entire facilities, while specialists focus on administering specific departments like marketing, finance, policy analysis, or accounting.
Tools and techniques used in MBA Healthcare Management are as follows:-
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Admission for MBA Healthcare Management as their post-graduation should have a bachelor's degree in any discipline with the minimum aggregate score of 50%. The admission process can be based on either score of entrance exams or a merit basis.
The admission process despite the specialization does not change for MBA. Admission for MBA Healthcare management needs an undergraduation degree as eligibility criteria. The eligibility requirements for admission differ based on the institution's course and must be met by the applicant. The students can follow up the admission process either through direct admission or scores of entrance examaniation. The admission and selection differ from one institute to another institute. Listed below are step by step admission process in general:
Every MBA Healthcare Management college has its own admission process, and one can apply online or offline. Students are required to visit the official website and apply by submitting the required documents for use online.
The qualified student can go through the personal interview and group discussion rounds, and once selected, they can avail their admit card.
Entrance exam scores are an essential part of admission for most of the reputed colleges and universities. Students opting for MBA Healthcare Management are required to go through entrance exams thar are listed below:
MBA Healthcare Management is an inspiring course, and the aspirants who are willing to pursue this course have to clear the entrance exam. Listed below are the general idea of the entrance exam pattern.
Listed are the top colleges in MBA Healthcare Management according to NIRF as follows:
|36||Banaras Hindu University|
|48||Loyola Institute of Business Administration|
|49||Lovely Professional University|
MBA Healthcare Management average fees range is INR 20,000 - 10 Lakhs. Students can also pursue MBA Healthcare Management through distance education.
|Indian Institute of Management, Ahmedabad||INR 10 Lakhs|
|Indian Institute of Management, Bangalore||INR 9.6 Lakhs|
|Indian Institute of Technology, Kanpur||INR 8.9 Lakhs|
|Symbiosis Institute of Business Management, Pune||INR 9 Lakhs|
|IIHMR University, Bangalore||INR 5 Lakhs|
MBA Healthcare Management consists of 4 semesters. The syllabus includes practical's, theory, projects, problem-solving case studies. It gives students theoretical and practical knowledge about the healthcare industry.
Important MBA Healthcare subjects are mentioned below:
Know More about MBA in Healthcare Management Syllabus and Subjects
Students opting for MBA in the Healthcare Management team also learn and equip their skills and knowledge on administration, leadership workings of systems, marketing, and operations. The course also enables the students to gain a practical understanding of the health care sector and problem-solving. The answer to "why choose MBA Healthcare Management?"
MBA Healthcare Management is a two year course designed to prepare students/aspirants to oversee operations and services in the healthcare facilities field. Students pursuing this course explore different domains like business, marketing, finance, and effective management principles related to the United States. Healthcare system. MBA Healthcare graduates get a deep insight into the healthcare industry's operational section. The students get detailed knowledge on healthcare management, which bridges the hospital's commercialization gap, and the patients admitted to the healthcare industry. Students also get into the government's healthcare policy-making.
Need for healthcare administration is very important and let's get to know more about the tasks of healthcare manager.
Improving Staff Efficiency: Working with other healthcare professionals to improve efficiency and quality in delivering direct healthcare services. Staying abreast of changes and new laws and regulations for healthcare facilities where they work to comply with those regulations adequately.
Supervision: Supervising assistant healthcare administrators in healthcare facilities that are large enough to employ them. Management of the healthcare facility's finances, such as managing overhead costs, patient fees, and billing. Creation of work and shift schedules for both direct care providers and other administrators. Representation of the facility at investor meetings or meetings of any governing boards.
Organizing: Keeping and organizing records of the facility's services, such as the number of inpatient beds currently being used by patients.
Healthcare sector is ever flourishing sector and let's get to know more about about the job prospects.
Growth: Graduates passing MBA in Healthcare Management can work as a healthcare manager, administration of the hospital, assistant operation manager, claims manager, oncology coordinator.
Salary: The salary ranges between INR 5 - 12 LPA for graduates who completed an MBA Healthcare Management course.
Enhances Skills: MBA Healthcare Management allows graduates to learn about leadership, administration, and the working system of Healthcare management.
Read More about MBA Healthcare Management Jobs
The students studying for masters' in Healthcare Management need to be well aware of their surroundings and equip their thinking and reasoning skills to excel in this course.
Skills to Focus On: Students should focus on verbal writing, analytics, and reasoning skills to crack group discussion, personal interview, and written tests.
Make a Timetable: Make a timetable month-wise, which will help the aspirant study better and efficiently track their progress.
Since the demand for professionals in the healthcare field is increasing day-by-day, there are several opportunities that the students from this field have. There are immense advantages for keeping oneself updated through certification courses organized by several universities and the government. Some of the courses that the aspirant can pursue after completing the masters' degree are listed below:
After completing of MBA Healthcare management course, the aspirant's average salary is ranges between INR 5 - 12 LPA. After an MBA degree, career opportunities may vary, depending upon the graduate's specialization for the postgraduate program.
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MBA Healthcare Management in India is becoming highly popular and the course opens many career opportunities in a wide range of different sectors. Some of the significant sectors listed below in which the aspirants can make their career.
Graduates have to gain the proper knowledge and training sessions to prosper in the field of Healthcare. Listed below are the skills.