Kanhaiya Kumar
Table of Contents
What is MBA in Healthcare and Hospital Management?
MBA in Healthcare and Hospital Management- There are two types of individuals in the world: those who believe in generating money and having a secure existence, and those who do not. Then there are some who believe in helping society or working in an area that allows them to have a beneficial influence on society. Pursuing a profession in healthcare may give you the chance to make a difference in society by improving health conditions.
MBA in Healthcare Management is a popular healthcare option for future leaders who want to work in the expanding business. An MBA is usually a good alternative for exploring excellent prospects across the world. In this article, we will go through the key components of a master’s degree in Healthcare Management.
There are a number of universities and colleges in India where you may get a master’s degree in business administration with a focus on healthcare administration. The goals of this course are to familiarize students with the challenges that healthcare systems confront and to provide them with the knowledge and abilities necessary to improve healthcare delivery. This course focuses on the fundamentals of health service administration, including organizational dynamics, managing resources, health economics, and human resource strategy. Anyone interested in this program must have a bachelor’s degree with a least 50% GPA in the appropriate field from an accredited institution or university.
- The course assists in the development of skills such as critical data analysis and interpretation, problem-solving and making logical business choices, computing, communication, management, and leadership abilities.
- The program is designed to develop graduates into professionals capable of performing tasks in health authority organizations, primary care trusts, and hospital administrations.
- Hospital and healthcare management supervisors investigate strategies to make operations and procedures carried out in these organizations efficient and cost-effective, and to guarantee that patients get the best form of empathy, care, and treatment facilities.
- Graduates may get a profound awareness of the different issues encountered by the marketing and organizational components of the sector, in addition to an understanding of the operation of multi-dimensional healthcare organizations and the bridge between business and healthcare management.
- The course’s applied component exposes students to cutting-edge medical technology, explores novel approaches to resource allocation based on academic research, uses management tools to find the best possible answers to healthcare problems, and delves deeply into the political, cultural, and ethical issues that arise in the delivery of healthcare.
- This course is a wonderful approach to constructing the appropriate road to establish jobs in healthcare finance, administration, marketing, and policy and information management. Healthcare facilities are busy networks, and as a result, healthcare administrators have busy schedules.
What is an MBA in Healthcare and Hospital Management all about?
The training emphasizes those who possess strong communication abilities as well as appealing personalities.
The majority of institutions determine whether or not a candidate will be admitted to this program based on how well they score on entrance examinations such as the CAT and the MAT. Nonetheless, there are certain educational institutions that provide admission on the basis of a student’s achievement on the tests required for the Bachelor’s degree. Fees for an MBA in Hospital and Healthcare Management may range anywhere from 30,000 to 400,000 Indian Rupees (INR) each year, depending on the institution or university in India that the student attends. The cost varies widely depending on the kind of establishment being visited. New graduates of the program may reasonably anticipate earning a salary in the range of INR 500,000 to INR 80,000 per year on average. The amount of experience gained in the area directly correlates to the level of income. The amount of experience required for a particular job often results in a raise in the income that is provided.
Individuals who possess this certification will have the ability to get employment in a variety of positions, including those of Healthcare Manager, Hospital Administrator, Chief Operations Officer, Healthcare Adviser, and Compliance Officer, amongst others.
This curriculum presents participants with a variety of job options. Students have the option of pursuing further education in their particular fields in addition to looking for employment opportunities. They have the option of pursuing further degrees such as doctorates in hospital administration or health science.
MBA Hospital and Healthcare Management Highlights
| MBA Hospital and Healthcare Management Course Level | Post-graduation |
| MBA Hospital and Healthcare Management Full Form | Master of Business Administration in Hospital and Healthcare Management |
| MBA Hospital and Healthcare Management Duration | 2 years |
| MBA Hospital and Healthcare Management Examination Type | Semester-based |
| MBA Hospital and Healthcare Management Eligibility | Bachelor’s degree in any discipline with a minimum of 50% score from a recognized university |
| MBA Hospital and Healthcare Management Admission Process | Merit/ Entrance-Based |
The MBA Hospital and Healthcare Management course includes a wide range of management subjects relevant to the healthcare industry. The following are the key features of this course:
- This is a postgraduate MBA specialty course that assists students in learning marketing, finance, human resources, and operations methods essential in the healthcare business.
- The course also covers the legal and regulatory restrictions that must be followed, as well as the different concerns that influence healthcare organizations.
- Disaster Management, Clinical and Super Specialty Service Organization and Administration, Quality Assurance for Hospitals, Consumer Behavior, and Research Methods get special attention.
- The MBA HHM Curriculum comprises classroom learning as well as practical activities such as workshops, case studies, seminars, and internships provided by the universities as well as several reputable hospitals and healthcare institutes.
MBA in Healthcare Management Quick Questions
Q. Which careers may one expect to pursue after completing an MBA in Healthcare Management?
Ans. Marketing manager, product manager, hospital administrator, medical practice manager, pharmaceutical sales representative, business unit leader, human resources executive, and health insurance executive are just a few of the potential careers open to those with an MBA in Healthcare Management.
Q. Where can I find the best opportunities for a Healthcare Management MBA graduate?
Ans. Some of the most prominent employers of MBA healthcare management graduates include the following: (not exhaustive list) Cipla, Pfizer, Glenmark, Practo, Home-Health, Portea, Bajaj Allianz, Star Health, Johnson & Johnson, Fortis, Apollo, Manipal, Columbia Asia, and Columbia Asia.
MBA in Healthcare & Hospital Management Entrance based admission
- Submit an application for admission to the institutions or universities in which you are interested.
- Register for the admission examinations that you will need to pass in order to be admitted to the college of your choice.
- To be considered for future rounds of admission, one must score higher than the minimum qualifying percentile given by the institution or university.
- After the written exam, special group discussions and personal interviews are held to compile the final merit list of individuals who have been shortlisted.
- When all of the examinations are completed, the schools or universities announce the results and provide a merit list of individuals who were ultimately selected based on the written test, group discussion, and personal interview.
- The final assignment of seats to applicants occurs after the admission procedure, and the candidate is needed to submit the course fee and register for the appropriate academic year.
MBA Hospital and Healthcare Management Eligibility
The following are the qualifying requirements for MBA Hospital and Healthcare Management candidates. It should be mentioned that the qualifying conditions will vary for each institution.
- Applicants must have a Bachelor’s degree from a recognized institution in a related subject.
- Students must have completed their undergraduate degree with at least a 50% aggregate (45% for SC/ST students).
- Depending on the Institution, a valid score in any management entrance test such as CAT/CMAT/MAT/XAT/GMAT may be needed.
MBA Hospital and Healthcare Management Entrance Exams
There are several national and state-level entrance tests to take in order to get admission to the MBA HHM program.
The top entrance examinations used to select applicants for admission to this programme are listed below.
- CAT: The Common Admission Test (CAT) is an online exam administered by IIMs each year to select applicants for admission to different management degree and diploma programs. The exam result is commonly recognized by several of the country’s leading institutions. The test is given once a year.
- MAT: The Management Aptitude Test (MAT) is a national-level test that is given four times a year. The All India Management Association (AIMA) administers the test for admission to MBA/PGDM programs across the nation.
- CMAT: The Common Management Admission Exam (CMAT) is an online computer-based exam. The National Testing Agency of India conducts it. The examination is used to select candidates for admission to AICTE-approved postgraduate management programs.
MBA Hospital and Healthcare Management Syllabus
The MBA in Hospital and Healthcare Management program lasts two years. Each year is divided into two semesters. The course syllabus includes a variety of tasks, tests, and presentations. Several institutions require students to do a relevant internship while earning their degree.
The MBA (Hospital & Healthcare Management) program lasts two years and is divided into six terms. The program requires a minimum of 108 credits. Students will take the essential courses in their first year. In the second year, students may take optional courses from two tracks of specialization i.e. “Hospital Management” and “Healthcare Management”. The “Hospital Management” program includes courses on the management and administration of different roles in hospitals and similar settings. The curriculum “Healthcare Management” includes courses in public health, health insurance, and pharmaceuticals. Students will also choose general electives courses from several management domains such as HR, Marketing, IT, Finance, Operations, and General Management. Students will participate in an industrial immersion for four months at the conclusion of their first year. In the fifth term, students will participate in a community project in which they will undertake a field study to learn about different public health challenges and the success of government-run public health programs.
Year I
| Sl. No. | Term-I |
|---|---|
| 1 | Organizational Behaviour in Healthcare |
| 2 | Business Statistics: Healthcare Perspective |
| 3 | Managerial Economics |
| 4 | Accounting for Healthcare Organizations |
| 5 | Marketing Management for Healthcare |
| 6 | Healthcare Delivery Systems & Public Health Administration |
| 7 | Business Communication for Health Professionals |
| 8 | Dynamics of Medical Devices/Equipment & Diagnostics Business |
| Sl. No. | Term-II |
|---|---|
| 1 | Financial Management for Healthcare Organizations |
| 2 | Operations Management: Healthcare Perspective |
| 3 | Healthcare Quality Management |
| 4 | Human Resource Management for Healthcare |
| 5 | Healthcare Management Information System |
| 6 | Patient-Centric Healthcare Service Delivery |
| 7 | Sustainable Development Practices in Healthcare |
| 8 | Health Economics |
| 9 | Principles of Epidemiology & Biostatistics |
| 10 | Mindfulness at Workplace |
| Sl. No. | Term-III |
|---|---|
| 1 | Digital Transformation for Healthcare |
| 2 | Strategic Management |
| 3 | Project Management: Healthcare Perspective |
| 4 | Healthcare Product Management |
| 5 | Dynamics of Health Insurance & Pharmaceutical Business |
| 6 | Service Leadership in Healthcare |
| 7 | Research Methodology for Healthcare |
| 8 | Medical Ethics & Medico Legal Systems |
| 9 | Entrepreneurship & New Venture Planning for Healthcare |
Year II
Specialization Track (Hospital Management)
| Sl. No. | Name of the Course |
|---|---|
| 1 | Hospital Planning & Design |
| 2 | Administration of Hospital Clinical Services |
| 3 | Administration of Hospital Support Services |
| 4 | Patient Care & Patient Safety |
| 5 | Electronic Medical Records |
| 6 | Hospital Waste Management |
| 7 | Materials & Equipment Management |
| 8 | Accreditations for Health Services |
Specialization Track (Healthcare Management)
| Sl. No. | Name of the Course |
|---|---|
| 1 | Program Planning, Implementation, Monitoring & Evaluation |
| 2 | Public Health Disaster & Risk Management |
| 3 | Communication for Public Health & International Health |
| 4 | Pharmaceutical Compliance and Regulatory Affairs |
| 5 | Healthcare Financing |
| 6 | Economics of Aging |
| 7 | Health Analytics |
| 8 | Health Insurance & Managed Care |
| 9 | Healthcare Supply Chain & Logistics Management |
| 10 | Managing Pharmaceutical Stores & Distribution |
| 11 | Medical Tourism |
| 12 | International Health |
Top MBA Colleges in Hospital and Healthcare Management
Several leading institutions and universities in the nation offer MBA in Hospital and Healthcare Management programs. Many of the best schools that offer this major are included here, along with other relevant information.
| Name of College/ University | Average Annual Fees |
|---|---|
| University of Hyderabad, Telangana | INR 1,07,180 |
| SRIHER, Chennai | INR 2,00,000 |
| IIHMR University, Jaipur | INR 5,80,000 |
| SIU, Pune | INR 4,44,000 |
| DPU, Pune | INR 2,10,000 |
| Dy Patil University, Navi Mumbai | INR 4,20,000 |
| HITS, Chennai | INR 2,53,000 |
| MITWPU, Pune | INR 3,75,000 |
| Galgotias University, Greater Noida | INR 1,59,000 |
MBA in Healthcare Management Jobs, Salary and Top Recruiters
Employment possibilities for industrious and career-driven people abound after an MBA in Healthcare Management. Since this industry is concerned with public health, all employment functions are demanding and may need working at unusual hours.
Best Jobs and Pay for an MBA in Healthcare Management
Some of the most common positions for those with an MBA in Healthcare Management are given below, along with the typical beginning income in India.
| MBA in Healthcare Job Roles | MBA in Healthcare Average Salary |
|---|---|
| Hospital Administrator | INR 5 lakh per annum |
| Medical Practice Manager | INR 24 lakh per annum |
| Pharmaceutical Product Manager | INR 8 lakh per annum |
| Health Informatics Manager | INR 4 lakh per annum |
| Hospital CEO | INR 30 lakh per annum |
| Hospital CFO | INR 36 lakh per annum |
| Product Manager | INR 8.4 lakh per annum |
| Product Marketing | INR 11 lakh per annum |
Apart from the occupations stated above, healthcare management career alternatives include consultant, healthcare associate, marketing executive, business lead, hospital operations executive, health insurance executive, HR executive, finance executives, and so on.
Best Recruiters for MBAs in Healthcare Management
MBA in Healthcare Management graduates are employed in administrative and managerial positions by pharmaceutical corporations and hospital groups. Apart from this, several government-run healthcare organizations employ MBA in Healthcare Management graduates. The following are some of the top non-government recruiters for MBAs in Healthcare Management:
MBA in Healthcare Management: Top Companies
| Cipla | Novartis | Fortis |
| Pfizer | ICICI Lombard | Apollo |
| Glenmark | Bajaj Allianz | Manipal |
| Practo | Star Health | Columbia Asia |
| Gocci | Siemens | UNICEF |
| Home-Health | GE | UNDP |
| Portea | Johnson & Johnson | Bharat Biotech |
| Max Healthcare | TCS | KPMG |
| Deloitte | McKinzee | PWC |
| E&Y | Infosys | Cognizant |
MBA Hospital and Healthcare Management Future Scopes
Students have the choice between entering the workforce or continuing their education. MBA Programs That Emphasize Hospital and Healthcare Management Provide the Following Subject Areas of Study:
- A Ph.D. or MPhil in the same subject is the recommended next step for those interested in continuing their studies in the same field. The minimum need is a Master’s degree in the field, and the duration of the program is three years. A doctoral degree may be earned in any of these subjects.
- After finishing this programme, students are eligible to enroll in the Fellow Programme in Management (the equivalent of a Doctorate in management) offered by all the IIMs.
- Testing for positions: Post-graduates also have the option of pursuing careers in testing and assessment. Often taken tests to include those designed for positions in the public sector. Gaining access to the top paying employment in this field is a major goal for many students.
Conclusion
An MBA in Healthcare & Hospital Management is a postgraduate management degree program that students complete over the course of two years. The program prepares students to manage many activities in healthcare systems such as hospitals, pharmaceutical businesses, and other healthcare systems. An MBA in Healthcare Management educates students on how to implement a comprehensive plan that addresses all facets of the healthcare sector. The administration of medical facilities like hospitals and clinics is the primary emphasis of the field of healthcare management. MBA is a postgraduate degree course in management studies. The Master of Business Administration degree program covers a wide variety of topics, including but not limited to sales and marketing, operations management, finance, human resource management, marketing management, logistics management, and business analytics. These are just some of the areas of specialization that are taught.
Frequently Asked Questions About MBA in Hospital and Healthcare Management
Q. Is it preferable to get an MBA in Hospital and Healthcare Management as opposed to just getting an MBA?
Ans. MBA in Hospital and Healthcare Management is in a considerably better position than Master’s in Management in terms of its reputation, cost, and potential compensation, all of which are taken into consideration.
Q. What sets a Master of Public Health (MPH) degree different from a Master of Business Administration (MBA) in Hospital and Healthcare Management?
Ans. MBA Hospital and Healthcare Management provide students with training on the proper functioning of management of hospitals and healthcare centers, whereas a Master of Public Health focuses on investigating disease patterns in a community or a certain population and teaching students how to implement community health programs.
Q. What kind of income can one expect to make after graduating with an MBA in Hotel and Hospitality Management in India?
Ans. It is reasonable to anticipate an annual compensation in the range of 4,00,000 to 9,000,000 Indian Rupees (INR), with the possibility that applicants will be offered employment in executive capacities, which will increase their pay possibilities.
Q. When would be the ideal time to get a master’s degree in business administration?
Ans. Candidates are recommended to be between the ages of 26 and 30, the time in their careers when they can achieve their greatest potential.
Q. After earning an MBA in Healthcare Management, is it feasible to go on to get a Ph.D. in the same field?
Ans. Students who have already earned a Master of Business Administration in Healthcare Management degree are eligible to submit an application for a Ph.D. program in Healthcare Management.
Q. Which companies provide the most rewarding careers for those with an MBA in Healthcare Management?
Ans. There are a variety of hospitals, some of which are Fortis, Medanta The Medicity, Apollo, Max Healthcare, and Narayana Health. Christian Medical College and Columbia Asia are two of the most prestigious businesses in the world in terms of the number of graduates they recruit with an MBA in Healthcare Management.
Q. After completing an MBA program in healthcare management, what kinds of employment paths are available?
Ans. After completing an MBA in Healthcare Management, graduates have a number of employment opportunities to choose from. The roles of Hospital Manager, Medical Superintendent, Healthcare Financial Manager, and Healthcare Administrator are some examples of occupations available in this sector.
Q. In India, which universities and institutions are recognized for their MBA programs in Healthcare Management?
Ans. KJ Somaiya SIMSR – K J Somaiya Institute of Management, School of Management Studies, University of Hyderabad, Hyderabad, Dr. BR Ambedkar Open University, Hyderabad, Jamia Hamdard, New Delhi, HITS Chennai – Hindustan Institute of Technology and Science, MITSOM Pune – MIT School of Management, and HITS Chennai – Hindustan Institute of Technology and Science are some of the most prestigious educational institutions in India that provide MBA programs in Healthcare Management.
