Requirements
- Bachelors Pass Certificate
- Minumum 50% Marks
- Transfer Certificate
- Addhar Card
- Photos
Features
- Skill to Learn Managements Course
- More then 100 Specialisation
- Online mode Exam
- Online Mode Study and E-Learning Material
- 0% EMI Option
- Scholarships
MBA in Healthcare Management
An MBA in Healthcare Management is a specialized degree program that focuses on the intersection of business and healthcare. This program prepares students for leadership positions in healthcare organizations, such as hospitals, clinics, insurance companies, pharmaceutical firms, and consulting firms.
The curriculum of an MBA in Healthcare Management typically covers core business topics such as accounting, finance, marketing, strategy, and operations, as well as healthcare-specific topics such as healthcare policy, healthcare economics, healthcare ethics, healthcare delivery systems, and healthcare technology.
Graduates of an MBA in Healthcare Management program are equipped with the skills and knowledge necessary to manage healthcare organizations effectively. They are prepared to make strategic decisions, analyze financial statements, optimize healthcare processes, develop marketing strategies, and navigate healthcare regulations.
MBA Healthcare Management: Course Details
| Program Name | MBA in Healthcare Management |
|---|---|
| Duration | 1-2 years |
| Eligibility | Bachelor’s degree in any field; some programs may require work experience or a background in healthcare |
| Curriculum | Core business courses such as accounting, finance, marketing, strategy, and operations, along with healthcare-specific courses such as healthcare policy, healthcare economics, healthcare ethics, healthcare delivery systems, and healthcare technology |
| Elective Courses | Healthcare Quality and Safety, Healthcare Information Technology, Health Law, Managed Care, Health Economics, Healthcare Marketing and Public Relations, etc. |
| Internship/Practicum | Many programs require an internship or practicum to gain hands-on experience in healthcare management |
| Capstone Project | Many programs require a capstone project or thesis, in which students apply their knowledge to a real-world healthcare management issue |
| Career Opportunities | Healthcare administrator, healthcare consultant, healthcare analyst, healthcare executive, hospital CEO, health informatics manager, medical and health services manager, etc. |
| Average Salary | The average salary for MBA Healthcare Management graduates is around $100,000 to $120,000 per year, depending on the job title, location, and level of experience. |
Why Study MBA in Healthcare Management
There are several reasons why someone might choose to study an MBA in Healthcare Management:
- Strong job prospects: The healthcare industry is growing rapidly, and there is a high demand for skilled professionals who can manage healthcare organizations effectively. An MBA in Healthcare Management can prepare you for a variety of leadership roles in healthcare, such as healthcare administrator, healthcare consultant, healthcare analyst, and healthcare executive.
- Combine business and healthcare: An MBA in Healthcare Management allows you to combine your interest in healthcare with your business skills. You’ll learn about healthcare policy, healthcare economics, healthcare delivery systems, and healthcare technology, as well as core business topics such as accounting, finance, marketing, and operations.
- Make a positive impact: Healthcare is a vital industry that affects the lives of millions of people every day. By studying healthcare management, you can make a positive impact on patient care, healthcare delivery, and healthcare policy.
- Salary potential: Graduates of an MBA in Healthcare Management can earn high salaries, particularly if they have experience in healthcare management. According to the Bureau of Labor Statistics, the median annual wage for medical and health services managers was $104,280 in May 2020.
- Flexibility: An MBA in Healthcare Management can lead to a variety of career paths within the healthcare industry, including hospitals, clinics, insurance companies, pharmaceutical firms, and consulting firms. This flexibility can allow you to explore different areas of healthcare and find a career path that is best suited to your skills and interests.
Who should do an MBA in Healthcare Management?
An MBA in Healthcare Management can be a valuable degree for individuals who want to advance their careers in the healthcare industry. Some examples of people who may benefit from pursuing an MBA in Healthcare Management include:
- Healthcare professionals: Individuals who have already worked in the healthcare industry, such as doctors, nurses, and other healthcare professionals, may benefit from an MBA in Healthcare Management to gain the business skills and knowledge necessary to lead healthcare organizations and manage healthcare teams effectively.
- Business professionals: Individuals who have a background in business but want to specialize in healthcare may benefit from an MBA in Healthcare Management. This degree can provide them with the knowledge and skills needed to understand the unique challenges and opportunities facing healthcare organizations.
- Graduates with a science background: Individuals who have a science background, such as biology or chemistry, may benefit from an MBA in Healthcare Management to transition into a business career in the healthcare industry.
- Entrepreneurs: Individuals who want to start their own healthcare-related businesses may benefit from an MBA in Healthcare Management to learn how to develop and execute a successful business plan.
When to do an MBA in Healthcare Management?
Deciding when to do an MBA in Healthcare Management can depend on several factors, including your personal and professional goals, your current education and work experience, and your financial situation. Here are some factors to consider:
- Professional experience: Many MBA in Healthcare Management programs require applicants to have a minimum amount of professional experience, usually at least two to three years. This experience can help you gain a better understanding of the healthcare industry and prepare you for the coursework and practical experiences involved in the program.
- Career goals: If you’re interested in a career in healthcare management, an MBA in Healthcare Management can help you develop the skills and knowledge necessary to advance your career. Consider your long-term career goals and whether an MBA in Healthcare Management aligns with those goals.
- Education level: Some MBA in Healthcare Management programs may require applicants to have a certain level of education, such as a bachelor’s degree in a healthcare-related field or a business-related field. Make sure you meet the program’s educational requirements before applying.
- Financial considerations: An MBA in Healthcare Management can be expensive, so it’s important to consider your financial situation before applying. Look into scholarship opportunities, grants, and other financial aid options to help offset the cost of the program.
- Personal life: An MBA in Healthcare Management can be demanding and time-consuming, so it’s important to consider your personal life and whether you can commit to the program. If you have family or other personal obligations, make sure you can balance those with your coursework and other program requirements.
Types of MBA in Healthcare Management
There are different types of MBA in Healthcare Management programs available, depending on the mode of delivery and the structure of the program. Some of the most common types include:
- Full-time MBA in Healthcare Management: These programs are designed for students who can commit to a full-time schedule of classes on campus. Full-time MBA programs typically take two years to complete and include a mix of core business courses and healthcare management courses.
- Part-time MBA in Healthcare Management: Part-time MBA programs are designed for students who want to continue working while pursuing their degree. These programs usually take three to four years to complete, with classes held in the evenings or on weekends.
- Online MBA in Healthcare Management: Online MBA programs offer students the flexibility to complete their coursework from anywhere at any time. These programs typically include live online classes, pre-recorded lectures, and online discussion forums.
- Executive MBA in Healthcare Management: Executive MBA programs are designed for experienced professionals who want to advance their careers while continuing to work. These programs typically take one to two years to complete and include intensive on-campus sessions, as well as online coursework.
- Distance MBA in Healthcare Management: Distance MBA programs are similar to online MBA programs, but they typically offer more flexibility in terms of when and where students can complete their coursework. These programs may also require occasional on-campus sessions.
MBA in Healthcare Management vs PGDM
| Aspect | MBA in Healthcare Management | PGDM |
|---|---|---|
| Type of Degree | Master’s degree in Healthcare Management | Diploma in Management |
| Duration | 1-2 years | 1-2 years |
| Curriculum | Core business courses such as accounting, finance, marketing, strategy, and operations, along with healthcare-specific courses such as healthcare policy, healthcare economics, healthcare ethics, healthcare delivery systems, and healthcare technology | Core business courses with some specialization options available |
| Elective Courses | Healthcare Quality and Safety, Healthcare Information Technology, Health Law, Managed Care, Health Economics, Healthcare Marketing and Public Relations, etc. | Specialization options vary by institution but may include Finance, Marketing, Human Resources, Operations, and Information Technology |
| Internship/Practicum | Many programs require an internship or practicum to gain hands-on experience in healthcare management | Many programs require an internship or practicum to gain hands-on experience in management |
| Admission Criteria | Bachelor’s degree in any field, often with minimum work experience requirements and an entrance exam such as GMAT or GRE | Bachelor’s degree in any field, often with minimum work experience requirements and an entrance exam such as CAT or XAT |
| Accreditation | May be accredited by organizations such as the Accreditation Council for Business Schools and Programs (ACBSP) or the Association to Advance Collegiate Schools of Business (AACSB) | May be accredited by organizations such as the All India Council for Technical Education (AICTE) |
| Career Opportunities | Healthcare administrator, healthcare consultant, healthcare analyst, healthcare executive, hospital CEO, health informatics manager, medical and health services manager, etc. | Management roles in various industries, including finance, marketing, human resources, operations |
Distance MBA in Healthcare Management: Admission 2023
| Distance MBA Admission 2023 | Distance MBA Syllabus |
Some general information on the admission requirements for such programs:
- Educational qualifications: Most Distance MBA in Healthcare Management programs require applicants to have a bachelor’s degree in a related field, such as healthcare, business, or management. Some programs may also require a minimum GPA or academic performance.
- Work experience: Many Distance MBA in Healthcare Management programs prefer applicants with work experience in healthcare or related fields. Some programs may require a minimum number of years of work experience.
- Entrance exams: Some Distance MBA in Healthcare Management programs require applicants to take standardized tests, such as the GMAT or GRE. However, some programs may waive these requirements based on the applicant’s work experience or academic performance.
- Letters of recommendation: Applicants may be required to submit letters of recommendation from supervisors or academic references.
- Application essays: Many programs require applicants to submit essays outlining their career goals, reasons for pursuing an MBA in Healthcare Management, and how they will contribute to the program.
MBA in Healthcare Management Eligibility
The eligibility criteria for an MBA in Healthcare Management can vary depending on the institution offering the program. However, here are some general eligibility requirements:
- Education: Applicants must hold a bachelor’s degree in any discipline from a recognized institution. Some institutions may require a bachelor’s degree in a healthcare-related field or business-related field.
- Work Experience: Many MBA in Healthcare Management programs require applicants to have a minimum amount of professional experience, usually two to three years of relevant work experience in healthcare or related field.
- Entrance Exam: Many institutions require applicants to take an entrance exam such as GMAT or GRE. Some institutions may accept scores from other entrance exams like CAT, XAT, or MAT.
- English Proficiency: Non-native English speakers may be required to demonstrate English proficiency through TOEFL, IELTS or other language proficiency tests.
- Letters of Recommendation: Applicants may be required to submit letters of recommendation from their professional or academic references.
MBA in Healthcare Management Entrance Exams
Sure, here is a some common entrance exams for an MBA in Healthcare Management programs:
| Entrance Exam | Description | Website |
|---|---|---|
| GMAT | Graduate Management Admission Test, a standardized test that assesses analytical, quantitative, and verbal skills | www.mba.com/exams/gmat |
| GRE | Graduate Record Examination, a standardized test that assesses analytical, verbal, and quantitative skills | www.ets.org/gre |
| CAT | Common Admission Test, a computer-based test conducted in India for admission to MBA programs | iimcat.ac.in |
| MAT | Management Aptitude Test, a standardized test conducted in India for admission to MBA programs | www.aima.in |
| XAT | Xavier Aptitude Test, a national-level management entrance examination conducted in India | www.xatonline.in |
| CMAT | Common Management Admission Test, a national-level entrance examination conducted in India for admission to MBA programs | cmat.nta.nic.in |
Distance MBA in Healthcare Management Syllabus
Semester 1 | Semester 2 |
|---|---|
| Principle of management | Strategic Management |
| Fundamentals of Communication | Cost Accounting |
| Managerial Economics | Innovation Management |
| Marketing Management | Quantitative Techniques |
| Human Resource Management | The Integrative Manager |
| Financial Accounting | Interview Preparation |
Semester 3 | Semester 4 |
| Essentials of Healthcare Administration | HR in Hospitals |
| Planning & Designing of Healthcare Facilities | Material Management |
| Hospital Operation | Legal Aspects of Healthcare |
| Customer-Centric Organization (CCO) | Revenue Cycle Management in Healthcare |
| Quality Management in Hospitals | Projects/Seminars/Case Studies |
| Projects/Seminars/Case Studies | Healthcare Equipment Management |
Top Healthcare Management Colleges
| College | Location | Fees (in INR) |
|---|---|---|
| Indian Institute of Management, Bangalore | Bangalore | 26,00,000 |
| Indian School of Business, Hyderabad | Hyderabad | 32,71,000 |
| Indian Institute of Management, Ahmedabad | Ahmedabad | 28,00,000 |
| Symbiosis Institute of Health Sciences | Pune | 7,70,000 |
| T.A. Pai Management Institute | Manipal | 14,50,000 |
| Xavier Institute of Management and Entrepreneurship | Bangalore | 11,00,000 |
| K.J. Somaiya Institute of Management Studies and Research | Mumbai | 14,93,000 |
| Institute of Health Management Research | Jaipur | 5,35,000 |
| Apollo Institute of Hospital Administration | Hyderabad | 3,00,000 |
| Amity Global Business School | Noida | 6,59,000 |
MBA in Healthcare Management Subjects
The subjects covered in an MBA in Healthcare Management program may vary depending on the specific program and its focus. However, some common subjects that are typically covered in most MBA in Healthcare Management programs include:
- Healthcare Systems and Policy: This course covers the healthcare system and healthcare policies in the context of the local and global healthcare environment.
- Healthcare Operations Management: This course covers the operations of healthcare organizations and the management of healthcare delivery systems.
- Healthcare Quality Management: This course focuses on ensuring the quality and safety of healthcare services provided to patients.
- Healthcare Marketing and Communication: This course covers healthcare marketing strategies, public relations, and communication with various stakeholders.
- Healthcare Finance and Accounting: This course focuses on financial management in healthcare organizations, including budgeting, financial reporting, and revenue cycle management.
- Healthcare Information Technology: This course covers the use of technology in healthcare, including electronic health records, telemedicine, and health information exchange.
- Healthcare Human Resources Management: This course focuses on managing and developing human resources in healthcare organizations.
- Healthcare Ethics and Law: This course covers ethical and legal issues related to healthcare, including patient rights, confidentiality, and liability.
- Healthcare Leadership and Strategy: This course covers leadership principles and strategies for healthcare organizations, including strategic planning, organizational behavior, and change management.
- Healthcare Analytics: This course covers the use of data analytics in healthcare, including healthcare data management, analysis, and reporting.
MBA in Healthcare Management Important Books
Here’s a table of some important books for MBA in Healthcare Management:
| Book Title | Author(s) | Description |
|---|---|---|
| Healthcare Management: An Introduction | Sharon B. Buchbinder, Nancy H. Shanks | This book provides an overview of healthcare management and covers topics such as healthcare reform, healthcare information systems, legal and ethical issues, quality improvement, and strategic planning. |
| Healthcare Finance: An Introduction to Accounting and Financial Management | Louis C. Gapenski | This book provides an introduction to accounting and financial management principles and practices in healthcare organizations. It covers topics such as financial analysis, budgeting, reimbursement systems, and capital financing. |
| Healthcare Operations Management | Daniel B. McLaughlin, John R. Olson | This book covers healthcare operations management and provides an overview of the healthcare delivery system. It includes topics such as patient flow, capacity planning, process analysis, quality improvement, and supply chain management. |
| Health Care Information Systems: A Practical Approach for Healthcare Management | Karen A. Wager, Frances W. Lee, John P. Glaser | This book provides an overview of healthcare information systems and their impact on healthcare organizations. It covers topics such as electronic health records, clinical decision support systems, data analytics, and privacy and security issues. |
| Healthcare Strategic Planning | Alan M. Zuckerman | This book covers healthcare strategic planning and provides a framework for developing and implementing strategic plans in healthcare organizations. It covers topics such as environmental analysis, strategy formulation, strategy implementation, and strategy evaluation. |
MBA in Healthcare Management Jobs and Salary
| Job position | Annual Salary (Average) (Varies company to Company) (For Fresher’s) |
|---|---|
| Hospital CEO | INR 12 – 13 LPA |
| Hospital CFO | 9-10 LPA |
| Healthcare Information Manager | 6-7 LPA |
| Physician Relations Liasion | 3-4 LPA |
| Assistant Operation Manager | 6-7 LPA |
| Hospital Administration | 4-5 LPA |
| Medical Practice manager | 6-7 LPA |
| Claims Manager | 4-5 LPA |
MBA in Healthcare Management Top Recruiter
| Company | Description |
|---|---|
| UnitedHealth Group | A diversified healthcare company that offers health insurance, healthcare products, and services |
| Johnson & Johnson | A multinational corporation that produces medical devices, pharmaceuticals, and consumer health products |
| Pfizer | A global pharmaceutical company that develops and produces innovative medicines and vaccines |
| CVS Health | A healthcare company that provides retail pharmacy services, health clinics, and health insurance |
| Kaiser Permanente | A healthcare organization that offers health plans, medical services, and health education programs |
| Merck & Co., Inc. | A multinational pharmaceutical company that develops and produces prescription drugs, vaccines, and animal health products |
| GE Healthcare | A subsidiary of General Electric that provides medical technologies and services |
| Medtronic | A medical technology company that develops and manufactures devices and therapies for the treatment of various medical conditions |
| Novartis | A multinational pharmaceutical company that develops and produces innovative medicines, eye care products, and generics |
| Eli Lilly and Company | A global pharmaceutical company that develops and produces medicines for various therapeutic areas, including oncology, diabetes, and immunology |
MBA in Healthcare Management FAQs
What is an MBA in Healthcare Management?
An MBA in Healthcare Management is a postgraduate degree program that focuses on the business and management aspects of healthcare. It provides students with the knowledge and skills to manage healthcare organizations, develop healthcare policies and strategies, and implement healthcare programs and services.
What are the career opportunities after completing an MBA in Healthcare Management?
Graduates of MBA in Healthcare Management programs can pursue careers in healthcare organizations, such as hospitals, clinics, insurance companies, and pharmaceutical companies. They can work in a variety of roles, including healthcare administration, healthcare finance, healthcare marketing, healthcare consulting, and healthcare policy.
What is the duration of an MBA in Healthcare Management program?
The duration of an MBA in Healthcare Management program can vary depending on the institution offering the program. In general, the program can take two to three years to complete.
What is the eligibility criteria for an MBA in Healthcare Management program?
The eligibility criteria for an MBA in Healthcare Management program can vary depending on the institution offering the program. In general, applicants must hold a bachelor’s degree in any discipline from a recognized institution and have relevant work experience in healthcare or related field. Some institutions may also require applicants to take an entrance exam such as GMAT or GRE.
How much does an MBA in Healthcare Management program cost?
The cost of an MBA in Healthcare Management program can vary depending on the institution offering the program. In general, the program can cost anywhere from a few lakhs to several lakhs of rupees.
What are the skills required for an MBA in Healthcare Management?
To be successful in an MBA in Healthcare Management program and in a career in healthcare management, individuals should have strong analytical, communication, leadership, and problem-solving skills. They should also have a strong understanding of the healthcare industry and its trends, policies, and regulations.
What are the top institutions offering MBA in Healthcare Management programs?
Some of the top institutions offering MBA in Healthcare Management programs in India include Indian Institute of Management, Bangalore, Indian School of Business, Hyderabad, Indian Institute of Management, Ahmedabad, Symbiosis Institute of Health Sciences, and T.A. Pai Management Institute.
