MBA IN HOSPITAL MANAGEMENT

What is Hospital Management?

While there are many popular specializations in management studies, MBA in Hospital Management or MBA in Healthcare Management is gaining prominence in recent times. This specialization is a two-year post-graduation program that is offered in many colleges across India and abroad.

The Hospital Management course trains the students for managerial and administrative roles at a hospital or a healthcare institute. Hospital Management is largely offered at the post-graduate level but few courses under healthcare management are also offered at the graduate level. MBA in Hospital Management courses can be pursued full-time, online, and as distance education.

MBA in Hospital Management Eligibility Criteria /MBA in Hospital Management Admission Process

• Candidates applying for Hospital Management courses must have a graduation degree with a minimum of 50% marks in aggregate
• Candidate must have qualified at least one MBA entrance exam like CAT/XAT/MAT/GMAT /GMAT or university level entrance exam
• Some top institutes like AIIMS give admissions to Hospital Management courses only to the candidates who have pursued MBBS.
• if you want to do MBA in Hospital Management distance education, the procedure is almost the same as the one for a regular course, but you will have to choose distance colleges

MBA in Hospital Management abroad :

For doing MBA in Hospital Management abroad you will have to write GRE or TOEFL exams so on that score you will be able to get admission to any college you want abroad. For your reference, people do go for MBA in hospital management in Canada, but the choice is up to you.

MBA in Hospital Management Skills Required:

The hospital Management course will prepare the candidates to manage the administration of a healthcare institute or a hospital. Hence, having standard business administrative skills is a pre-requisite. Leadership skills, team-work, analytical skills, interpersonal skills, problem-solving skills are some of which are mandatory. For candidates who have excellent communication skills, relationship-building skills, and a good knowledge of the healthcare industry, a Hospital management course is an apt choice for them. The candidate must be able to work under pressure.

MBA in hospital management Syllabus:

Subjects included in the Hospital Management course are the following:

• Principles of Management
• Marketing Management
• Managerial Communication
• Organizational Behavior
• Healthcare Economics
• Health Management
• Fundamental of Healthcare Administration
• Hospital Planning
• Hospital Administration
• Strategic Management
• Finance Management

MBA in Hospital Management colleges/ Top B-Schools in India:

There are many top management institutes in India which offer Hospital Management course. There are more than 230 colleges in India for this course. Below is the list of some of the best B-schools in India for Hospital Management.

Symbiosis institute of health science, Pune	Tata Institute of social science, Mumbai
School of management studies, Hyderabad university	Apollo Institute of Hospital Administration, Hyderabad
International Institute of Health Management Research, New Delhi	AIMS Institutes, Bangalore
Amity University, Noida	Indian Institute of Health Management Research,  Jaipur

Job opportunities you can get on completion of MBA in hospital management :

RoleRole	Description of job
Hospital CEO	A hospital CEO is the head of the hospital or the healthcare institute. He looks after the overall direction of the organization in accordance with the set guidelines. They are responsible for the smooth working of the healthcare institute.
Hospital CFO	As the name goes, Hospital Chief Financial Officer (CFO) is responsible for the finances of the organization. The CFO ensures that the hospital runs in the most cost-effective manner. He also plans and manages all the financial aspects of the hospital.
Administrator	An administrator in the healthcare institute is responsible for looking after the work of the institute. They coordinate, control, and organize services as per the set guidelines. They also assist in the recruitment and managing budgets.
Health director	The Health Director makes strategies for the healthcare firm. He ensures that all the goals of the institute are achieved and targets accomplished. He works with the leaders of the hospital and ensures good public relations. He is, in other words, the face of the organization.
Healthcare Finance Managers	They work under the guidance of the CFO. They are responsible for the day to day financial operations of a hospital. They look after the budgets, financial analysis, and cost-efficient working of the firm.
Chief Nursing Officer	They assist the directors in informing the best strategies and practices in a hospital. They oversee the daily activities of a hospital and also look after the administration. They manage the nursing operations of the healthcare institute.
Clinical Project Manager	CPMs are responsible for the effective running of the organization. They evaluate staff performance, train team members, and resolve issues revolving around clinical studies.
Medical Affairs Manager	They contribute to building a brand strategy. They also develop medical plans and manage publications related to the brand. They develop knowledge of the market and review documents required for the marketing purpose. They also train the on-field sales executives.

MBA in Hospital Management Salary Top Companies offer:

Profile of Job	Salary per Annum
Hospital CEO	35 lakh- 9 Crore
Hospital CFO	15 lakh- 34 lakh
Administrator	5.5 lakh- 6 lakh
Health director	7.5 lakh- 8 lakh
Healthcare Planner	5.8 lakh
Healthcare Finance Managers	9 lakh
Chief Nursing Officer	9 lakh-9.5 lakh
Clinical Project Manager	8.6 lakh
Healthcare Quality Assurance Manager	11 lakh
Assistant Professor	4.5 lakh
Medical Affairs Manager	1.2  lakh

 

Top Companies Hiring MBA in Hospital Management professionals:

With the growing demand for management professionals in the healthcare field, a lot of top hospitals and private healthcare institutes. Below is the list of some of the best healthcare institutes in India.

• Fortis Healthcare Limited
• Apollo Hospitals
• KPMG
• AIIMS
• Goa Institute of Management
• Infosys

Frequently Asked Questions:

1. What does a Hospital Manager do? A. Hospital Managers in coordination with the administrators plan and manage health services a hospital is aimed to provide to its patients. They manage, guide, and supervise all the departments of the hospital such as physicians, health information technicians, nursing, medical records, and more. The creation and analysis of reports in order to map out the financial goals and maintain the budget of the hospital is also the job of a hospital manager. Hospital managers are responsible to keep themselves up-to-date on new laws, improvement of care facilities, and is the presenter of facilities offered by the hospital to governing bodies.
2. What can I expect from the course? A. A bachelor’s degree in the Hospital Management course will cover and provide you a holistic knowledge and training in crucial areas of operations such as public health, human resource management, community relations, physical relations, capital finance, and collective bargaining. The program will help you learn and understand the several operations on which a hospital functions. The course will make you adept with modern hospital managerial finance theories as applied to health services.

The major subjects covered in the course are:

• Healthcare law
• Managing hospital finances
• Building community relations
• Public policy development

1. What are the prospects after completing a Bachelor’s in Hospital Management? A. You can pursue MBA in Hospital Management after completing your graduation in the same branch to enhance your skills and academic credentials. Hospital Management graduates can begin their career as Assistant Hospital administrators or Managers or consultants. Prior to sufficient experience, they can be promoted to the position of CEO. Some common job profile in which graduates in Hospital Management can work

• Deans & Directors of Medical Colleges
• Hospital Superintendents
• Deputy Superintendents
• Medical Directors
• Nursing Directors
• Heads of Departments
• Administrators
• Healthcare Finance Managers

1. I have finished my graduation in Pharmacy and is keen to pursue my masters in Hospital management, am I eligible? A. Yes, you can apply and pursue a Masters in Hospital Management. The duration of the Masters in Hospital Management course will be 2 years divided into four semesters. The eligibility criteria for the course is mentioned below:

• Citizenship: Indian nationals can apply under General Category. Foreign nationals or Non-Resident Indians or Indian nationals supported by NRI relatives can apply under the Foreign/ NRI Category.
• Qualification: Pass with a Bachelor's Degree in Health Sciences / MBBS / BDS / Allied Health Sciences streams from a recognized University with a minimum of 55 per cent aggregate marks or equivalent.

4. What salary can I expect after completing my graduation in hospital management? A. The salary bracket in the hospital management domain varies according to the academic record, qualification level, industrial experience. A graduate in hospital management can earn around 20,000 to 30,000 initially. While those with master’s degrees are eligible to attain a higher designation and can earn INR 4.5 lakh to 12 lakh per annum. MBA holders can reach a maximum salary of 25 lakh per annum.