Driving Success in Healthcare: Roles and Opportunities After an MBA in Healthcare Management

Driving Success in Healthcare: Roles and Opportunities After an MBA in Healthcare Management

Both new and seasoned leaders can benefit from taking healthcare management courses to improve their ability to motivate and direct teams, enhance administration, and successfully manage healthcare systems, public health institutions, and other medical facilities.
After earning an MBA in Healthcare Management, you may find work as a marketing manager, product manager, hospital administrator, physician practice manager, pharmaceutical sales representative, business lead, human resources executive, and health insurance executive, among other positions.

Best Professional Courses on Healthcare

Offering College Course Website
Indian School of Business ISB Healthcare Management Visit
IIM Kozhikode IIMK Healthcare Management & Analytics Programme Visit

What is Healthcare Management?
The management of medical facilities including clinics and hospitals is the focus of the field of healthcare management. A healthcare manager does not perform any healthcare-related responsibilities and is not a healthcare professional. The business activities in a healthcare facility must be managed by a healthcare manager. We observe a global expansion of health care outside of hospitals. The healthcare industry is now dominated by numerous enterprises and corporations. Therefore, we require a specialist to handle the business of such institutions.

The bachelor’s degree in healthcare management is not available in India. You could major in any subject at the undergraduate level before pursuing an MBA in Healthcare management afterwards. You will be hired to handle the administrative and management responsibilities at hospitals and other healthcare facilities.

Eligibility Criteria For Healthcare Management

Below mentioned conditions give the eligibility criteria for UG and PG healthcare management courses.

Undergraduate Course Postgraduate Course
In India, the course on healthcare management is only offered at the master’s level. Those who wanted to pursue this education had to enrol in universities overseas. Any course is available at the bachelor’s level. Having some experience in the management industry will be helpful. The ideal bachelor’s degree programme would include business administration or hospital management courses, but these are not required. These are some of the fundamental standards that students in healthcare management courses need to remember.

  • A recognised board’s 10th and 12th grades are required of the student.
  • The student should have received a minimum grade of 50% in 10+2. Each college has different mark requirements.
  • The candidate should hold a fundamental degree in any subject.
  • At the UG level, a minimum grade of 50% is required from the applicant.
  • The deciding elements in this situation are entrance tests. The top management schools and institutes will accept applications from those who perform well on the test.

These are merely a few prerequisites. The guidelines and requirements for the admissions process vary amongst universities. The final decision on admission rests with the college administration.

Scope of Healthcare Management in India
Over the years, there has been a lot of demand in the sector of healthcare management. Another industry with many applicants in India is healthcare. Both of these disciplines are combined in healthcare management. We observe the expansion of several hospitals and centres for complementary medicine. Many people desire to keep healthy and are continuously searching for better health services as a result of rising health awareness. The field of healthcare management has expanded as a result of this.

Scope of Healthcare Management in Abroad
We also observe the growth of numerous healthcare organisations outside of India, all with the shared objective of delivering better healthcare. One industry that is always worth noticing is healthcare. The healthcare industry will grow with skilled managers, and people will receive better treatment. For people with an interest in the pharmaceutical industry, hospitals, insurance industries, or public health care, a career in healthcare management would be a good fit. To handle issues hospitals or other organisations in this industry might encounter, a professional in that subject would be needed.

Skills Required For Healthcare Management
Healthcare management may be both incredibly interesting and dangerous. If you want to work in healthcare administration, you must possess a certain set of abilities. Many of these are abilities that you learn by experience, but it’s always advisable to intentionally build and create these skills.

Type of Skills Description
Leadership skills A healthcare manager is just charged with managing his team. To be a leader, you must be able to complete the task at hand without upsetting the group.

You must be able to delegate effectively and bring out the best in others. A hospital employs a large number of professionals, so you must be able to manage them and do the work without causing any issues.

Organisation skills Organisation and organisational abilities are crucial. You must be able to utilise your time, energy, and resources as efficiently as possible. You need to be disciplined as well as organised.
Problem-solving skills Skills for solving problems Managers in the healthcare industry have obligations. You are presented with a lot of issues and questions all the time. As a result, you should be able to assess and rank the many issues before giving thoughtful answers.
Communication skills You must regularly communicate with your team in this field, both verbally and in writing. You ought to be able to communicate clearly with the group.
Negotiation skills If you are good at negotiating, many issues that arise in this profession can be resolved. You must be able to come up with a solution where neither party suffers significant losses. Many people in the community would benefit if you could do tasks in your own manner without creating a significant amount of issues.
Interpersonal Skills Your ability to relate to and sympathise with people is aided by your interpersonal skills. If you come across as arrogant and powerful, no one will work with you, and you won’t be able to complete your task. Many people are encountered in the healthcare industry. You must be able to handle situations where there are many defenceless people who need you.

Top Healthcare Management Entrance Exams
These tests are only applicable to that field; healthcare management is only available at the postgraduate level. This course accepts candidates from all India Management Entrance Exams. Some of them are as follows:

Exam Name Description
CAT For the purpose of admitting students to the MBA programme, the CAT—Common Admission Test—is administered. The IIMs are in charge of hosting it for admissions.
CMAT Many colleges use the CMAT, or Common Management Admission Test, as a qualification. The best students are admitted to the best universities.
GMAT The Graduate Management Admission Council administers the GMAT, or Graduate Management Aptitude Test. It is a computer test that evaluates the necessary expertise in the industry.
MAT The All India Management Association administers the MAT, or Management Aptitude Test. It serves as the management program’s standard test.
ATMA To give entrance to the management programme, the ATMA – AIMS test is administered. Many colleges use this test’s scores as a criterion for determining who is eligible for admission.
XAT Xavier School of Management conducts the XAT-XLRI aptitude test. The institute uses it to evaluate potential MBA candidates.

Healthcare Management Course Fees

Course Government Average Fees Private Average Fees
Diploma Rs.3000 to Rs.15,000 Rs.8,000 to 2 lakhs
UG Rs.45,000 to 2.5 lakhs Rs.35,000 to 9 lakhs
PG Rs.60,000 to 12 lakhs Rs.18,000 to 20 lakhs
Doctorate Rs. 75,000 to Rs.2 lakhs Rs.2 lakhs to 4 lakhs

Healthcare Management Course Syllabus
The following are a few of the courses that are taught over the course of the two years.

  • Healthcare Rules and Policies
  • Organisation of hospitals, the basics of healthcare administration, and disease control management
  • Legal and Medical Issues
  • Hospital Quality Assurance Administration
  • Economics of Healthcare
  • Information Control
  • Laws Regarding Healthcare
  • Anatomy
  • Medical Planning
  • Physiology
  • Management of Hospital Enterprises
  • terminology used in medicine
  • conflict resolution
  • Epidemiology
  • Management principles for health care

Just a few of the important topics covered in the Healthcare management course are listed above.

Top Recruiters
Hospitals, medicines, and other related fields offer employment prospects. The following are the top recruiters in the field of healthcare management:

  • Columbia Asia,
  • Apollo Life,
  • Cadila Healthcare,
  • Cipla,
  • GE Healthcare
  • Fortis Healthcare
  • AstraZeneca
  • Purdue Pharma Inc.
  • Solar Pharma
  • Nectar Life
  • HDFC Health Insurance

Job Profiles
These are just a handful of the many interesting options in healthcare administration.

Job Role Responsibilities
Manager of a healthcare department One particular team within the hospital or establishment will be managed by the manager of the healthcare department. The radiology team, the nursing team, or any other team could be the culprit. They are in charge of supervising one department’s work.
Administrator of healthcare One or more hospitals are under the control of a healthcare administrator. They are in charge of all business and management activities. They could even be in charge of certain hospital franchisees.
Manager of Healthcare Finance The manager is responsible for managing the hospital’s finances. They are in charge of keeping track of all the bills, income, and expenditures. They would supervise every task carried out in this division.
Manager of Physician Practise A doctor The practice manager’s responsibility is to oversee all business activities. They must develop and carry out a variety of business concepts and initiatives.
Manager of Quality and Improvement A manager of quality and improvement will examine everything that occurs in the hospital. They will continually assess the level of the services and develop strategies to raise it.

Average Salary
These are only a few positions in the field of healthcare management; there are many more. The annual salary varies depending on experience and educational background.

Job Role Average Salary (Per annum)
Manager of a healthcare department Rs. 6 Lakhs
Administrator of healthcare Rs.5 Lakhs
Manager of Healthcare Finance Rs.5 Lakhs
Manager of Physician Practise Rs.5 Lakhs
Manager of Quality and Improvement Rs.15 Lakhs

Frequently Asked Questions
Q: What healthcare management careers are available to me?
You might research careers in finance management, healthcare department management, and other related sectors. Additionally, you might look for employment with pharmaceutical and insurance firms. A job that is well paid is quality testing as well. If none of these apply to you, there is one career path that is always open: teaching.

Q: What courses should I concentrate on while getting ready for the entrance exams?
The majority of the entrance examinations will assess your aptitude and logic. As a result, you must have quickly answered inquiries on logical reasoning, quantitative and qualitative aptitude, English and communication skills, problem-solving abilities, and a few inquiries about the topic. You must become familiar with fundamental medical jargon and basic

Q: Is it possible for me to specialise in healthcare management at the undergraduate level?
That choice is not currently available in India. You should consider pursuing a degree in a relevant field. Colleges outside of India are the best places for students who want to engage in this course at the bachelor’s level.

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Author: Shirley