The health-care industry in India has expanded rapidly in recent years, with the idea of healthcare spreading beyond hospitals. The Indian health care market, which includes hospitals, medical devices and supplies, and health insurance, is projected to hit $160 billion by 2017, according to the India Brand Equity Foundation (IBEF). This growth may be fueled by a number of factors. The most difficult task in bringing these numbers to life is developing a professional workforce capable of dealing with challenges in the healthcare industry. The industry needs trained health care management practitioners in addition to physicians, nurses, and other paramedical personnel. This necessitates the creation of advanced health-care management courses. A master's degree in business administration.
Career Scope in Healthcare Management
Pharmaceutical companies, government agencies, insurance companies, hospitals, and health-care consulting firms may be involved in an MBA in Health Care and Hospital Management. As a health-care management professional, you will be called upon to respond to a number of important management issues that hospitals and other health-care organisations face. As a health care provider, a hospital administrator, a pharmacy project manager, or a health care finance manager, you have a variety of options. As a manager, you might be responsible for organising, directing, and supervising day-to-day operations. Regular financial activities, budgets, and research can also be part of the job description.
Students who want to pursue an MBA in Healthcare & Hospital Management should have at least a bachelor's degree with a minimum of 50% from a reputable university. Students with a background in science, medicine, physiotherapy, or another related field can find it to be a good fit. Prior experience in hospitals or pharmaceutical companies may be expected by certain colleges.
Healthcare Management Topics
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.
Healthcare and Hospital Management Colleges
Because of the increasing demand for doctors with business skills, business schools and premium educational institutions are now offering courses in healthcare and management, as more doctors seek management degrees after completing their MBBS.
Any healthcare management schools deliver an MBA in Health Care, an MBA in Hospital Administration, an MBA in Hospital Management, or an MBA in Hospital Administration and Management.
1 Symbiosis Institute of Health Sciences - Pune
2 All India Institute of Medical Sciences - New Delhi
3 Tata Institute of Social Sciences - Mumbai
4 Indian Institute of Health Management and Research - Jaipur
5 Armed Forces Medical College (AFMC) - Pune
6 Apollo Institute of Hospital Administration - Hyderabad
7 Bharati Vidyapeeth - Pune
8 Welingkar Institute of Management - Pune & Bangalore
9 Manipal College of Allied Health Sciences - Manipal
10 Faculty of Management Studies - Faridabad