The MBA in Hospital Management is a two-year postgraduate course that includes learning different hospital management techniques and business administration strategies. The aspirants have immense job scope to work in hospitals, healthcare clinics, and other healthcare-related firms. Continue reading for more in-depth insights into the MBA in Hospital Management course and the scope of the study.
|Full Form||Master of Business Administration in Hospital Management|
|Duration||Course Duration of Master of Business Administration [MBA] (Hospital Management) is 2 Years.|
|Age||No age limit|
|Minimum Percentage||50% in Graduation|
|Average Fees Incurred||INR 1 - 5 Lakhs|
|Average Salary Offered||INR 4 LPA (Source: Payscale)|
|Employment Roles||Hospital Manager, Medical Director, Business Analyst, Chief Nursing Officer, Hospital Consultant|
|Placement Opportunities||Fortis, Max Healthcare, Deloitte, Moolchand, Medanta, Seven Hills, Apollo Hospitals, Max Bupa|
According to healthcare experts, "Hospital Management is the process where healthcare providers effectively and efficiently administer everything from patient registration to appointment scheduling, document management, consultation management, lab management, drug safety, report generation, staff management, outpatient management, and much more."
MBA Hospital Management subjects include finance: accounting, hospital management, and much more. MBA in Hospital Management also offers entrepreneurship skills for students wanting to help them set up and operate their healthcare facilities, which is why the course is also recommended for medical graduates. MBA Hospital Management jobs are diverse in nature, and the candidates get a lot of options to explore from.The course has a high job scope, and the crisis of covid19 has made it essential for hospital managers to handle the business side of health service delivery, where they are responsible for planning, budgeting, and searching for ways to enhance patient care.
Advanced tools and technologies used by the hospital managers include:
MBA in Hospital Management eligibility criteria can vary from college to college, but the general standards remain the same. Many universities conduct their respective entrance tests and therefore allow admissions. Students are required to score a 50% minimum percentage to apply and avail for admission. Aspirants will need to fulfill the following admission criteria to be eligible for enrollment in an MBA in Hospital Management program:
Bachelor's Degree: Any student with a recognized minimum three-year bachelor's degree with at least 50 percent marks in total may apply for such courses. This is fantastic news for nurses with a Bachelor of Science in Nursing (BSN), as earning your MBA can be a great way to take the next step in a nursing career.
GPA: Several hospital management programs will have GPA admission criteria. One can expect to see minimum GPA criteria ranging from 3.0 tp to 3.25 or greater for more competitive programs.
Reputed institutions rely on the admission process based on merit, cut off scores in entrance exams are significant for the admission process. Admission procedure is also based on the management quota which varies according to the institution and their limited seats allocation. Aspirants need to prepare for interviews and group discussion as they are the integral part of selection for certain colleges. Listed below are steps for the application process in general:
The students can either apply online or offline. Based on their merit or the score obtained in the entrance exams, the applicants are shortlisted. Before entry to the program, the universities administer counseling, personal interviews, community discussion rounds.
Marks scored in related management entrance exams by students are taken into account. After an interview, deserving aspirants are allocated seats. The admission process depends on the chosen institution, and the students need to follow up with the procedure to receive the admit card.
Various bodies conduct entrance exams, and admission to top MBA colleges in India is dependent on the candidate's ranking. There are multiple forms of entrance exams for the MBA. Some help the aspirants get admission at the national level to universities, some at the state level, and selected institutes conduct some for MBA admissions. Aspirants may go for any of the three choices, depending on the level of difficulty and competition they are willing to face.
Following are the MBA in Hospital Management entrance exams conducted at the national and university level:
Admission proceeds through both entrance exams and merits basis. Students preparing for the entrance exams can get to know the complete course structure and syllabus of the entrance exams and prepare accordingly.
Listed below are the top 10 MBA in Hospital Management colleges, according to the NIRF.
|3||Goa Institute of Management|
|6||Birla Institute of Management|
|8||Amity Global Business School, Bangalore|
|9||Manipal School of Management|
|10||Faculty of Management Studies|
MBA in Hospital Management course builds a student's necessary skills to overcome day-to-day management or administrative roles. The MBA course duration is two years and consists of 4 semesters. The average MBA Hospital Management course fee ranges from INR 1 - 5 Lakhs.
|1||Chitkara University||INR 1.8 LPA|
|2||IIHMR University||INR 1.3 LPA|
|3||Goa Institute of Management||INR 2.4 LPA|
|4||Hindustan University||INR 1.8 LPA|
|5||Chandigarh University||INR 1.2 LPA|
The MBA Hospital Management syllabus discusses three large healthcare sectors, namely payers, vendors, and suppliers. The course framework also discusses principles of the evolution and structure of healthcare system problems and how to overcome them. Here are some of the important MBA Hospital Management subjects:
Read More about MBA Hospital Management Syllabus and Subjects
MBA in Hospital Management is all planning, budgeting, and searching for ways to enhance patients records and healthcare.Let's get to know "why to choose MBA Hospital Management?" with the aid of three simpler questions.
The crisis of covid19 has made it essential for hospital managers to deal with the business side of health service delivery, where they are in charge of preparing, budgeting, and searching for ways to enhance patient care.
Equipping Budgeting Skills: Smaller clinics allow healthcare managers, from marketing and budgeting to human resources and record-keeping, to oversee many disciplines.
Effective Planning and Administration: The MBA in Hospital Management course trains and develops students into management practitioners who can plan and manage diverse healthcare organizations' roles. It is intended to provide students with the advanced business management skills needed to structure and control complex delivery networks for healthcare. Students can adopt an MBA Hospital Management course from both medical and non-medical backgrounds.
Handling Healthcare Issues: As an MBA in Hospital Management, one can learn the concepts of management, effective business management, healthcare facility administration, and complexities worldwide. This degree enables the healthcare sector to provide a more expansive interpretation and learning experience. Students look at the larger healthcare issue and how industry, finance, and economics apply to it.
The MBA in Hospital Management course trains and develops students into management practitioners who can plan and manage diverse healthcare organizations' roles. It is intended to provide students with the advanced business management skills needed to structure and control complex delivery networks for healthcare. Students can adopt an MBA in Hospital Management course from both medical and non-medical backgrounds.
Budgeting: For any form of practice or hospital, budgeting is a vital skill. Organizations need to know if they are profitably running, and what keeps them to account is a budget. This capacity also allows managers to prepare for potential expenditures such as new equipment, additional hires, or work to fix emergencies. Healthcare managers would need to consider the costs associated with maintaining their facilities and the factors that could impact the company's performance and change the budget.
Technical Skills: Organizations need to know if they are profitably running, and what keeps them to account is a budget. This capacity also allows managers to prepare for potential expenditures such as new equipment, additional hires, or work to fix emergencies.
Skills Development: The MBA in Health Care Management is a course that can help students develop skills that are necessary for managing the business of healthcare and related activities. A student should expect to improve strong communication skills and overall personality growth with this degree's aid.
Learning Experience: This degree enables the healthcare sector to provide a broader interpretation and learning experience. Students look at the larger healthcare issue and how industry, finance, and economics apply to it.
Decision-Making: MBA helps encourage the applicant to develop skills that can support health care industry activities. Students are often made aware of legal, economic, and policy problems and decision-making, which is a critical component of this challenging field.
Broad Skill-Sets: An ideal hospital management career will bring all the skills you learn to apply in your graduate program. A skill set may include management skills and several soft skills expected by skilled health managers. Professionals will be in charge of a team of healthcare professionals. Still, they can also work very closely with the doctors, aside from acting at meetings to play the organization's members' role.
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MBA in Hospital Management courses can enrich students interested in management activities and have an eye for perfection and handling healthcare-related concerns.
Syllabus: Get hold of the examination syllabus you are preparing for, make a list of topics-wise strengths and weaknesses, and work on them rigorously.
Exam Pattern: Understand the exam pattern and test structure of the examination you prepare to make a time-bound exam preparation strategy.
Time Table: Make a month-wise preparation plan. The aspirants can go through the syllabus for the examination they are preparing for and make a timetable or routine after going through the syllabus.
Some new and emerging MBA courses are steadily gaining popularity with an upsurge in need for managers who can handle the various rising sectors worldwide. The industry has realized the value of skilled managers, and in terms of jobs, the industry is becoming one of the most famous. MBA in Hospital Management in India is very popular and after completion of this course one can apply for PhD programs related to hospital management.
MBA is a technical professional course in the healthcare management field. However, it has a more advanced course curriculum and thus produces a student with a greater degree of expertise. Aspirants of the MBA hospital management field are widely employed in healthcare sectors, hospitals, rehabilitation centers, nursing homes, etc. An entry-level MBA graduate with less than one year of experience can expect to earn an average salary of INR 4 LPA.
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To assist in the smooth running of health facilities, there is a desperate need for highly talented specialists who can manage hospital administration. Little or no travel involves the job roles given to MBAs in hospital management as they need to handle all hospitals and other health institutes' internal affairs. Graduates can work in community hospitals, collaborative medical practices, outpatient clinics, hospices, and rehabilitation centers. As an MBA in hospital management career is highly spoken of, some of the widely accepted job roles are mentioned below:
Communication: Communication occurs daily for health officials but is especially critical when describing employee policies, procedures, and regulations. Hospital managers must express and explain their goals, regardless of whether this communication is done through email, phone, or face-to-face. This implies that managers need to be self-aware and conscious, not just of what they say but also of how they say it.
Problem-Solving Attitude: As emergency incidents are expected to occur, whether it is a medical crisis, clinical concern, or an administrative dispute, hospital managers need sharp problem-solving skills.
Innovative: Such conditions require creative ideas, constructive thinking, and the courage to rush. The best managers can sense that something will go wrong or is already wrong before a crisis even happens. This helps them to start brainstorming ideas earlier and mitigate harm.