MBA Healthcare Management (Master of Business Administration in Healthcare Management) Course

The MBA Healthcare Management  full form is market of Business Administration in Healthcare Management is a 2-year postgraduate level programme. This popular course provides aspirants with the knowledge that can be used in the healthcare field. Apart from this, it enhances your general management skills in the respective healthcare department.

The course curriculum of MBA healthcare Management course trained candidates to enable to supervise regular basis operations and challenges also include working on case studies. The course offers diverse subjects such as Healthcare Legislation, Operation Management, Concepts of Epidemiology, Organizations of Hospitals, Health Management, and Healthcare Legislation, Fundamentals of Healthcare Administration, Healthcare Economics and more.

The MBA in Healthcare Management programmes is a growing field that offers a lot of opportunities. Candidates can go on to build their career in areas surrounding both government and private hospitals at the following position Hospital Consultant, Health Administrator, Chief Nursing Officer, Assistant Professor and more.

Why MBA in Healthcare Management?

The Healthcare sector is a growing option in India, and it sees a lot of investments. Along with the doctors, there is also a rise in demand for the people who can manage the hospital. MBA in healthcare management offers you this kind of knowledge and experience to work in the healthcare industry. Another advantage of doing an MBA in healthcare management is that it is different from the IT sector, but you can still get a job in the IT sector if you are interested. The pay package after MBA in healthcare management can be pretty good as well. You can scroll down and check out the sections below to understand more about MBA in healthcare management.

Eligibility for MBA in Healthcare Management?

Below are the details of the eligibility criteria for an MBA in Healthcare Management.

• You need to have completed graduation from a recognized university. You can also apply if you are in the final year of graduation.
• You need to appear in the entrance exam and secure cut-off marks.
• Some universities need you to have at least 60% marks in 10^th, 12^th and graduation. Ensure that you review those criteria.
• Lastly, you don't need to have experience in the healthcare domain. You can apply for MBA in healthcare management even without having such domain-specific expertise.

Admission to MBA in Healthcare Management

If you are eligible for MBA in healthcare management, then the next thing that you might want to know about is the admission process. The points below list out the details for the same.

• To get admission in MBA healthcare management, you need to apply for the entrance tests. Some of the entrance tests include XAT, CAT, GMAT and NMAT. You can choose the universities you are interested in and then check out the exam they accept.
• Fill in the form and appear for the exam. After that, you would have to apply to various universities.
• In the next step, you should wait for the cut-off. If you qualify for the college, you will have to appear in the GD & PI for that college.
• The admission will be granted based on the score of the entrance exam, GD & PI.

Course Preparation Tips for MBA in Healthcare Management

Cracking the entrance exams can be pretty challenging. We have shared some tips with you that can help you in preparing for the course

• The entrance exam is based on quantitative skills, logical reasoning, data interpretation and the English language. You should prepare for the entrance exam because the higher the marks, the better college you will get.
• Apart from preparing yourself for the entrance exam, you should also focus on your personality. GD & PI are critical things as well. Many people can clear the entrance exam, but they are not able to crack the other rounds.
• You need to be an extrovert, and you need to understand why you want to pursue MBA and prepare yourself for the interview.

Top 10 Colleges for MBA in Healthcare Management

Below is the list of top 10 colleges for an MBA in Healthcare Management.

Syllabus for MBA in Healthcare Management

MBA in healthcare management is spread across four semesters. In this article, we have listed the subjects that you will be studying in all four semesters. Go through the details.

• Semester 1
  • Financial Accounting
  • Fundamentals of Communication
  • Human Resource Management
  • Managerial Economics
  • Marketing Management
  • Principle of management
• Semester 2
  • Cost Accounting
  • Innovation Management
  • Interview Preparation
  • Quantitative Techniques
  • Strategic Management
  • The Integrative Manager
• Semester 3
  • Customer Centric Organization
  • Essentials of Healthcare Administration
  • Hospital Operation
  • Planning & Designing of Healthcare Facilities
  • Projects, Seminars&Case Studies
  • Quality Management in Hospitals
• Semester 4
  • Healthcare Equipment Management
  • HR in Hospitals
  • Legal Aspects of Healthcare
  • Material Management
  • Projects/Seminars/Case Studies
  • Revenue Cycle Management in Healthcare

Course Fee for MBA in Healthcare Management

The course fee for MBA in Healthcare Management can vary depending on the college you plan to enrol in. The minimum fee can be Rs 40,000, but the maximum can be over Rs 20 Lakhs. This is a very subjective question, and a lot depends on the admission. If you are seeking admission under the management quota, then the fee can be even higher. So, take a call based on these factors.

Career Options and Job Prospects for MBA in Healthcare Management

After you have completed the MBA in healthcare management, you will come across several job opportunities. The companies are not just based in the healthcare domain, but you will also find a job in the insurance and IT sector. The companies in various domains hire postgraduates from the healthcare management sector. The job prospects are always excellent, and it is a field that is also attracting a lot of investment these days. Some of the positions that you may find after completing an MBA in healthcare management are listed below.

• Assistant Operation Manager
• Business Development Manager
• Claims Manager
• Healthcare Information Manager
• Hospital Administration
• CEO
• CFO
• COO
• Medical Practice Manager
• Pharmaceutical Product Manager
• Physician Relations Liaison
• Product Manager
• Product Marketing

Salary for MBA in Healthcare Management

The salary after the MBA in healthcare management can vary depending on your designation, college, educational background, and many other things. The minimum salary can be Rs 3 Lakh, and the highest salary can be Rs 15 lakhs as a fresher. As you progress your career, you can earn upward of Rs 25 Lakhs. There are also many things that you can do to upskill yourself when you are working in the healthcare domain. This course will help work in the healthcare management domain, and it is quite a worthwhile course for the students who are willing to do something apart from the IT-related courses.