MBA In Healthcare Management

MBA in healthcare management

Overview on MBA in healthcare management

Master’s in Business Administration in Healthcare Management

Popular Career Options

Healthcare System and Hospital Executive Pay

Executive MBA in healthcare management

The objectives of this program are –

Eligibility & Selection

Top Careers in MBA Healthcare Management and their Salaries

Top Business Schools in India Providing MBA in Healthcare Management:

 

The present scenario tells us that the healthcare management is becoming more privatized so the need for efficient hospital and Healthcare Managers has also increased along with the requirement of skillful doctors. If you are fascinated by working in hospitals and Healthcare Services rather than terrify you, and you have a taste for job in Healthcare Organizations then you can think about career in Healthcare and Hospital Management. For both medical and non-medical background professional courses MBA in Healthcare and Hospital Management are present.

Master’s in Business Administration in Healthcare Management

MBA Degree in this specialization offer courses on business management, financial management, healthcare planning, healthcare systems operations, public relations and human resources management. This course also covers the area of ethical decision-making, economics and policy. Some Business schools require candidates to take part in internship opportunities for reality experience. This program topic may include:

  • Budgeting
  • Marketing
  • Accounting
  • Health economics
  • Hospital organization
  • Health information systems

Popular Career Options

Like any other field Healthcare is also changing rapidly. The area is changing in conditions of how and where care is conveyed, who is giving those benefits, and how that care is economized. The changes taking place need talented people to manage. Healthcare system has increasing diversity in it, which requires executives in many settings, like:

  • Clinics
  • Hospitals
  • Nursing homes
  • Consulting firms
  • Physician practices
  • Rehabilitation centers
  • Healthcare associations
  • Skilled nursing facilities
  • Public health departments
  • Mental health organizations
  • Health insurance organizations
  • Universities and research institutions

In present day, approximately 100k people is employed in health management positions at various organizational positions, from department head to chief executive officer. Demand for senior-level positions in healthcare centers is demanding, but chances are also offered in these jobs to improve the system of providing care. Your beginning job in healthcare management career might be a mid-level management position in a specialized area, like:

  • Finance
  • Human resources
  • Patient care services
  • Information systems
  • Government relations
  • Medical staff relations
  • Nursing administration
  • Planning and development
  • Marketing and public affairs
  • Material management (purchasing of equipment and supplies)

Healthcare System and Hospital Executive Pay

Health Systems: Median annual base salary and total cash compensation

Net Revenue Greater Than $1k BillionNet Revenue Less Than $1k Billion
BaseTotal CashBaseTotal Cash
President and CEO$950k$1,791k$639k$716k
COO$595k$708k$400k$416k
CMO$496k$553k$361k$385k
CFO$500k$580k$362k$400k
CIO$369k$405k$275k$288k
Top Patient Care Executive$309k$362k$241k$272k
Chief Nursing Officer$300k$335k$231k$263k
Top Human Resources Executive$338k$380k$245k$262k
Top Professional Services Executive$279k$327k$219k$239k
Top Support Services Executive$285k$288k$194k$211k
Top Ambulatory Services Executive$258k$296k$234k$271k
Top Facilities Executive$236k$262k$209k$234k
Top Legal Services Executive (General Counsel)$407k$450k$295k$326k
Top Marketing Executive$237k$260k$181k$206k
Top Managed Care Executive$290k$316k$224k$253k

 

Executive MBA in healthcare management

The fast growing Healthcare Industry and Healthcare organizations in India requires special training for efficient executive. So the Executive MBA in Health Care Management program has come up.

The objectives of this program are –

Personnel in medical, Allied health and other medical area working in the field of health service industry requiring management education.

To update the knowledge about management of executives concerned with health administration.

To build required skills and attitudes in the daily running of the hospital.

Teach them to apply different modern management tools  in managing health care services in and around the country.

The young managers graduating from this course can get fruitful careers in Hospital industry in areas of IT, marketing, operation management, Human resource development, health insurance sector, etc.

The program is of 16 months (4 courses) weekend program.

The Executive MBA in Health Care Management program is co-certified by ITM Group of Institutions, India and Southern New Hampshire University, USA

Eligibility & Selection

Graduates of any category are permitted to apply. Selection is based on the work experience in pharmaceutical companies, Health Care industry and Community Health Care Services, hospitals, etc. Minimum work experience of 24 months in health care industry is necessary.

Top Careers MBA in Healthcare Management and their Salaries

The role in healthcare management you seek the salary vary with it. You will get the best career choices and salaries in these MBA healthcare management jobs:

Hospital CEO—For a hospital it is of huge necessity to run it in the best cost effective manner. The

finances of a health care center, planning and record keeping are managed by the CEO. As a CEO you will also be required to do negotiation for new contracts with vendors, plan budgets and choose top executives for main hospital positions.

Median salary: $166k

Hospital Administrator—To make all healthcare facilities function as effectively as possible

Hospital Administrator need to be the backbone. Hospitals, nursing homes, or outpatient clinics has administrator working for it. Your major duty may be developing budgets, hiring doctors, promoting and implementing new sorts of medical treatments, deriving with new policies for Quality Assurance and patient services and assuring compliance with government guidelines.

Median salary: $110k

Hospital CFO—A hospital is managed in the best cost effective manner by CFO. All financial risks of a

company are managed by CFO along with financial planning and record keeping. You are required to report the financial status of the hospital to the CEO and other upper management.

Median salary: $155k

Pharmaceutical Product Manager—You can be a product manager in pharmaceutical industry

with your MBA in healthcare management MBA.Your duty will be to review market data, analyze investments and derive new promotions for new drugs and devices. A few years of consulting and significant leadership experience is required to be in this field.

Median salary: $92k

Medical Practice Manager—A medical practice manager manages the same issues that a Hospital

Administrator does, but on a lower scale. You need to work on budgets, hiring and managing staff, Health Insurance Portability and Accountability Act compliance, billing, managing schedules, legal compliance and ordering supplies.

Median salary: $81k

Health Informatics Manager— The effective flow of information in a medical organization or

Hospital is managed by Health Informatics Manager. The providing of data to the proper parts of the organization accurately is your duty along with making sure that that all computer hardware and software is processing all data accurately and working properly.

Median salary: $84k

Top Business Schools in India Providing MBA in Healthcare Management:

AIMS Institutes (AIMS)

XLRI – Xavier School of Management

Indian Institute of Foreign Trade (IIFT)

  1. A. Pai Management Institute (TAPMI)

National Institute of Technology (NIT Trichy)

Indian Institute of Management, Calcutta (IIM C)

Xavier Institute of Management, Jabalpur (XIMJ)

Indian Institute of Management, Ranchi (IIM RA)

Indian Institute of Management, Kozhikode (IIMK)

NMIMS University School of Business Management

Vinod Gupta School of Management (IIT Kharagpur)

Indian Institute of Management, Ahmedabad (IIM-A)

Indian Institute of Management, Indore (IIM, Indore)

Rajiv Gandhi Indian Institute of Management (IIMS)

Lal Bahadur Shastri Institute of Management (LBSIM)

S.P. Jain Institute of Management and Research (SPJIMR)

Institute of Management, Nirma University (IMNU Ahmedabad)

Symbiosis Institute of Business Management, Pune (SIBM Pune)

Birla Institute of Management Technology, Greater Noida (BIMTECH)

Department of Management Studies,Indian Institute of Science (DOMS IISC)

Symbiosis Centre for Management and Human Resource Development (SCMHRD)

Prin. L. N. Welingkar Institute of Management Development & Research (WeSchool)

Department of Management Studies – Indian Institute of Technology Delhi (DMS IITD)

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