One of the recent and upcoming preferred Management programs is MBA in Healthcare Management. The Specialization in Healthcare Management offers you with domain knowledge in the healthcare sector and also equip you with general management skills. Healthcare domain knowledge helps in developing a niche profile which leads to less competition compared to a general PGDM/MBA. The continuous research due to lack of access to quality healthcare makes the Healthcare Management a recession-proof sector for many more decades offering high career opportunity to the professionals with specialized MBA Healthcare & Hospital Management.
With the people getting more concerned and actively involved in their health, the focus is also shifting on the prevention than simply on cure without getting their wellness affected adversely. This change has created a newer healthcare delivery model that is more personalized and have a customer-centric approach. With the greater access to health information through various health care sites and apps, this new ecosystem has given rise to the specialized MBA Healthcare Management Course.
Top MBA Colleges for MBA in Healthcare Management in India include IIM Calcutta, FMS Delhi, ISB Hyderabad, GIM Goa, TISS Mumbai, K J Somaiya, Mumbai; Welingkar Mumbai among others.
In India, different types of MBA Colleges offer MBA Healthcare Management and Hospital Management of different nature and duration but their coverage areas are same.
MBA in Healthcare Management Admissions
The eligibility criteria for MBA in Healthcare Management Admissions have three important points:
Integration of emerging technology like AI, wearable, IoT and machine learning in healthcare management has further enhanced the MBA in Healthcare Management Scope for its students. Vast opportunities for students pursuing MBA Healthcare Management include Health Insurance, Healthcare IT, Hospital administration, Consultancy, Data analytics, Pharmaceuticals, Medical Devices, and Diagnostics.
The MBA in Healthcare Management covers the knowledge and process how the data need to be collected and stored, maintained, and analyzed to help in getting accurate results in diagnosis, patient safety, drug efficacy, effective treatments, disease prevention, increase in compliance of drugs and improve the accessibility of a medical facility.
The analytics in MBA healthcare management help in reducing the burden of non-communicable disease and healthcare costs; improve the various healthcare parameters like Maternal Mortality, Infant Mortality. It also results in improving workforce efficiency.
After completing your MBA in Healthcare Management, a variety of options are available for your career growth. MBA in Healthcare Management is the specialization which has shown a prospective increase in job opportunities in the past decade as per ‘The Future of Job Report 2018’, World Economic Forum. Healthcare industry is growing at 17% CAGR which is 3 times with the current GDP growth rate in India.
The MBA colleges like K J Somaiya Mumbai, SIHS Pune, GIM Goa, IIHMR University Jaipur have recorded high salary packages for their healthcare management programs with 100% placement record.
The MBA Healthcare course Syllabus is designed in such a way that the Management graduate is able to handle multiple management tasks simultaneously. The key topics in MBA Healthcare course subjects as included in IIM Calcutta, SIHS, GIM, KJ Somaiya, IIHMR among other top MBA colleges are:
| Strategic Management in Healthcare | Healthcare Operations Management | Marketing Management |
| Healthcare Accounting | Research Methods in Healthcare | Legal Environment for Healthcare industry |
| Bio-statistics and Operations Research | Management Communication | Ethics & Corporate Governance |
| Healthcare Systems and Structure | Managed Care | Healthcare Analytics |
| Managing Hospital Services | Healthcare Information Systems | Management of Research in Healthcare |
| Healthcare Services Delivery & Distribution | Principles of Epidemiology | Quality Management in Healthcare |
| Hospital Planning and Design | Medical Technology Healthcare Services Marketing | Healthcare Informatics |
| Strategic Cost Management in healthcare | Digital marketing in healthcare | Accreditation of healthcare organizations |
| Financing and paying for healthcare | Sales & Distribution Management & Pharmaceutical and Medical Device | Pharmaceutical marketing |
| Applied and behavioural economics for healthcare | Leadership in healthcare | International health |
| Medical tourism | Health policy | Branding in healthcare |
The MBA programs in Healthcare Management range from being standalone to part time and online MBA programs. While all 2-year Full-Time Regular MBA programs offer this specialization in second year of their program, there are a few top Institutes offering Specialized MBA in Healthcare right from the day one.
If you pursue General MBA in top B-schools, you can choose your specialization in the end of first year but if you are taking admission in the specialized MBA program, you pursue your specialization from the day one of the first year. So, before entering the MBA program, you should give a thought to the idea whether you wish to choose your specialization after one year of study or want to pursue MBA in Healthcare without leaving scope for change.
If you are passionate and clear about making a career in MBA in Healthcare, you can go for full time MBA Healthcare specialization and join the specialized program right from beginning. Please note that top B-schools like SIHS, K J Somaiya, GIM Goa, IIM Calcutta, FMS Delhi, ISB Hyderabad conduct separate GD-PI-WAT for admission to MBA/PGDM in Healthcare programs.
If you have less time and wish to complete your MBA specialization faster, you can join one year full time MBA offered by many top B-schools. But if you are a working professional and cannot join a regular program, you can opt for part time or online MBA specialized program.
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