With the concept of healthcare going beyond hospitals, the health care industry in India has witnessed remarkable growth in the past few years. According to India Brand Equity Foundation (IBEF,) the Indian health care sector, which consists of hospitals, medical devices and equipment and health insurance, is expected to reach U.S. $160 billion by 2017. Major factors driving this growth could be increasing demand of superior health care facilities, rising health awareness and health policies.
The biggest challenge to make these figures come to reality is to create a skilled workforce which is equipped to deal with the issues pertaining to the healthcare industry. Besides doctors, nurses and other paramedical staff, the industry also requires qualified health care management professionals. This creates the need for specialized management course in health care. A Master of Business Administration (MBA) in Health Care can be the answer to this need.
An MBA in Health Care and Hospital Management may appeal to those interested in the pharmaceuticals sector, government agencies, insurance organizations, hospitals and consulting firms in the health sector. As a specialist in health care management you may be required to respond to various critical management problems faced by hospitals and other agencies under the health sector. On completion of this course, you might find employment opportunities in areas of marketing, IT, human resource development, medical colleges, health insurance or the pharmaceutical industry. You may work as a health care manager, hospital administrator, pharmaceutical project manager or health care finance manager. Your responsibility as a manager may involve planning, directing and supervising day-to-day operations. Responsibilities may also include facilitating daily financial operations, budgets, and analysis.
(As a healthcare executive you can work in the following areas)
• Consulting firms
• Health insurance organizations
• Healthcare associations
• Nursing homes
• Mental health organizations
• Public health departments
• Rehabilitation centers
• Universities and research institutions
Students who desire to enroll in an MBA in Healthcare & Hospital Management will generally need to have at least a bachelor’s degree with 50 percent from a recognized university. It could be a good choice for students with a background in science, medicine, physiotherapy or other related field. Some colleges may ask for prior experience in hospitals or pharmaceutical companies.
A typical MBA course takes place over two academic years. You can do either a full-time/part-time course or a correspondence program. The entire course has a total of four semesters.
The first semester may cover basic principles of health service management, planning of health care institutions and financial and cost accounting for hospitals.
In the second semester you may be required to take papers on human resource management, clinical pharmacy, operations and services management, medical emergency systems and medical ethics.
The third semester may include subjects such as quality management, medico-legal system, material management and hospital information management systems.
The final semester might consist of subjects such as marketing of health care services, medical tourism financial management, business policy and strategic management. A project could be required during this semester. Some colleges may also insist on an internship during the course.
This burgeoning demand for doctors with business acumen is prompting business schools and premium educational institutions to offer courses specializing in healthcare and management, since more doctors are going for management degrees, after completing MBBS.
Some healthcare management institutes that offer an MBA in Health Care, MBA in Hospital Administration, MBA in Hospital Management or MBA in Health Care Management are listed below: