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MBA in Healthcare Management course details

Management
Blog Date
July 30,
2023

As the healthcare industry continues to grow, so does the need for professionals who can keep up with the pace of change. A Master of Business Administration (MBA) in health management is a great way to prepare for this. 

Healthcare is one of the fastest-growing industries in the world and with that growth comes increased demand for high-quality care, which requires efficient management. 

An MBA in healthcare management is an ideal way to develop those skills. It helps you build your knowledge of health insurance, hospital operations, and other aspects of healthcare management while also preparing you for careers outside of healthcare (for example, within private companies). 

Find out the best MBAs for healthcare professionals

MBA healthcare management – Overview 

Aspect Details 
Degree level Post graduate 
Course fee 2-10 LPA. Varies based on the university/institution 
Duration 2 years (full-time) 
Eligibility Bachelor’s degree in any discipline. Some programs may require work experience 
Admission process Entrance Exam (e.g., GMAT, GRE), Application, Personal Interview 
Top job roles Healthcare Administrator/Manager, Hospital Operations Manager, Healthcare Consultant, Pharmaceutical Product Manager, Healthcare Financial Analyst , Healthcare Marketing Manager , Medical Practice Manager 
Top recruiting industries Hospitals and Healthcare Systems, Pharmaceutical Companies , Medical Device Manufacturers, Healthcare Consulting Firms,  Health Insurance Companies, Government Healthcare Agencies 
Top employers Apollo Hospitals, Fortis Healthcare, Max Healthcare, Manipal Hospitals, Columbia Asia Hospitals, Narayana Health, Religare Health Insurance, Medanta – The Medicity 

What is an MBA in healthcare management? 

Healthcare management is a booming industry and one of the fastest-growing fields in the world. With that growth comes increased demand for qualified managers who can handle the complexities of healthcare organizations. An MBA in healthcare management is an excellent way to prepare for this opportunity. 

An MBA in healthcare management is a two-year degree program that focuses on equipping students with the skills and knowledge needed to lead and manage healthcare organizations effectively. It combines essential business administration concepts with an in-depth understanding of the healthcare industry’s unique challenges and complexities.  

The curriculum typically covers areas such as healthcare policy, healthcare finance, strategic planning, operations management, healthcare information systems, and healthcare marketing. Graduates of this program are prepared to take on leadership roles in hospitals, healthcare systems, pharmaceutical companies, consulting firms, and other healthcare-related organizations, driving innovation and making informed decisions to improve healthcare delivery and patient outcomes. 

For those who don’t have time to attend classes on campus or want additional flexibility from their learning experience, an online MBA in healthcare management. 

 MBA healthcare management – Syllabus 

The MBA healthcare management course is designed to provide comprehensive knowledge about the various facets of the healthcare industry, including healthcare economics and finance, strategic planning for healthcare organizations, health policy and regulatory issues, corporate governance in healthcare organizations, ethical issues in healthcare management etc.  

The curriculum also covers operational aspects of public and private hospitals, such as hospital marketing strategies, patient satisfaction surveys and customer service management techniques. 

The online MBA in healthcare management offered by Manipal Academy of Higher Education has a curriculum that helps learners gain valuable skills like strategic planning, financial management, and leadership by learning health informatics, hospital planning, infrastructure management, quality management in healthcare, and other key subjects. Here’s the semester-wise break down of various subjects: 

Semester 1 

  • Managing People & Organizations 
  • Financial Reporting & Statement Analysis 
  • Managerial Economics 
  • Business Statistics 
  • Business Communication 

Semester 2 

  • Financial Management 
  • Marketing Management 
  • Strategic Management 
  • IT for Business 
  • Business Leadership 
  • Research Methodology 

Semester 3 

  • Management Accounting 
  • Legal Aspects of Business 
  • Specialization 
  • Health Informatics 
  • Quality Management in Healthcare 
  • Health Insurance 
  • Mini Project 

Semester 4 

  • Entrepreneurship and Innovation* 
  • Sustainability 
  • Specialization 
  • Health Education & Communication 
  • Hospital Planning & Infrastructure Management 
  • Healthcare Operations Management 
  • Capstone Project 

You may like to know how an MBA healthcare management helps doctors

Skills you will gain from an MBA in healthcare management 

Earning an MBA in healthcare management equips individuals with a diverse set of skills that are essential for success in leadership and management roles within the healthcare industry. Some of the key skills you’ll gain from this degree program include: 

Business acumen: Strong business skills encompassing financial management, marketing, operations, and strategic planning, vital for efficiently managing healthcare organizations. 

Leadership and team management: Developing the ability to lead diverse teams, foster collaboration, and inspire others to achieve common goals in a healthcare setting. 

Problem-solving and decision making: Enhanced analytical skills to identify challenges, devise solutions, and make critical decisions that optimize healthcare processes and patient care. 

Healthcare policy and ethics: Knowledge of healthcare policies, legal aspects, and ethical considerations to ensure compliance and uphold the highest standards of patient care. 

Healthcare finance: Understanding financial concepts and budgeting in healthcare to manage resources effectively and drive financial sustainability. 

Healthcare marketing and branding: Skills to develop effective marketing strategies to promote healthcare services and enhance the reputation of healthcare organizations. 

 Healthcare operations management: Expertise in streamlining healthcare operations, improving efficiency, and enhancing patient experiences. 

Why choose an MBA in healthcare management? 

If you are looking for a career in the healthcare industry, an MBA in Healthcare Management is the best way to get started. With an online MBA in healthcare management, you can take what you’ve learned in a degree and apply it to real-world situations while also learning how to run a business and manage people. 

With an MBA in Healthcare Management, you can gain a vast exposure to the industry, as explained below – 

  • An in-depth understanding of the healthcare industry 

One of the most important things that an MBA in Healthcare Management can do is help you understand how the healthcare industry works. You will learn about everything from billing processes to insurance regulations and much more. This knowledge will help you make informed decisions as a manager or leader in your field. 

  • Gain leadership skills 

One of the main goals of an online MBA healthcare program is to teach students how to lead others and manage teams effectively. This is especially true when it comes to being an effective leader within a healthcare organization because there are so many different departments involved that require different skill sets—and knowing how each one works will help you understand how best to motivate your employees and keep them engaged with their work. 

  • Understand how to manage and improve hospital operations 

With a focus on clinical, financial and administrative management, an MBA in Healthcare Management program will help you develop the knowledge and skills needed to optimize and improve business performance in healthcare organizations. You will learn about strategic planning, finance, human resources, information technology, marketing and management of healthcare organizations. 

  • Knowledge and skills needed to maximize success in healthcare organizations 

In addition to helping, you develop the knowledge and skills needed to optimize and improve business performance in healthcare organizations, the online MBA program will also prepare you for career advancement by providing an understanding of organizational behavior and leadership styles. 

  • Expand your global perspective through international study and internships 

The MBA in Healthcare Management can help you develop the skills that will enable you to lead a global healthcare system, whether it is in the US, Europe, or Asia. The curriculum includes a mandatory study abroad experience and an opportunity to travel the world while earning credits toward your degree. In addition to learning about other cultures and languages, you will also get valuable career experience from working alongside leaders from around the globe. 

  • Learn by doing with experiential learning projects 

An MBA in healthcare management offers experiential learning opportunities that allow you to apply what you learn in the classroom directly to real-world situations. You will engage in hands-on learning projects that will challenge you to think critically about healthcare management issues in your community or worldwide, so when you graduate with your MBA.  

Career options after an online MBA in Healthcare Management 

There are plenty of opportunities for you to work in the healthcare industry and improve people’s lives. Here are just a few of the most popular career paths: 

  • Hospital administrator 

It is a great option if you want to be in charge of major decisions at a hospital. You will need to have an understanding of the business side of healthcare, as well as the medical side. You will also need to be able to manage people and budgets effectively. Pursuing a hospital administration course or MBA healthcare management are best way to land in this role.

  • Hospital CFO 

The Chief Financial Officer (CFO) manages all financial matters, including budgets, accounting and human resources. This position requires strong analytical skills and an ability to make difficult decisions under pressure. 

  • Pharmaceutical product manager 

Pharmaceutical Product Managers help bring new drugs from concept through commercialization by overseeing all aspects of drug development from idea generation through market launch. They must have extensive knowledge about pharmaceuticals and medicine and excellent interpersonal skills to work well with other team or department members. 

  • Healthcare management consultant 

 A healthcare management consultant helps various organizations, including hospitals, clinics, and insurance companies, achieve their goals by offering services like strategic planning and system development. 

  • Healthcare executive 

A healthcare executive might work for a hospital or insurance company; they oversee all aspects of the company’s operations, from marketing to finance. 

  • Health information management director 

Health information managers manage all aspects of patient information systems at hospitals and other health organizations; they ensure that patient data is accurate and secure throughout the organization’s workflow processes. 

  • Healthcare financial manager 

 Healthcare financial managers ensure that hospitals or clinics have enough money to pay bills without going into debt (or losing donors). 

Find out more careers after MBA in healthcare management

Who should choose an MBA in healthcare management? 

An MBA in Healthcare Management is for anyone who wants to work in a healthcare-related field but doesn’t want to go through the years of schooling required for a medical degree. If you are interested in working as a manager or administrator in a hospital, clinic, or healthcare facility, an MBA in Healthcare Management can help you achieve your goals. 

The MBA in Healthcare Management is the perfect path for you if you have a passion for healthcare management. You will learn how to manage complex organizations, develop strategic plans and implement them effectively, work with people from all walks of life and backgrounds, and more. Not only that, but a program from a reputed institution will teach you how to do it all with integrity and accountability. 

If you want to be your boss and run your own business, an MBA in Healthcare Management can help get you there. This program will equip you with the skills necessary to create new ventures or take over existing ones. It will teach you how to develop a business plan that works for your unique needs and goals – and then help you execute it flawlessly! 

Learn more about who should pursue an MBA in healthcare management

Eligibility criteria for MBA healthcare management 

Generally, to be eligible for the MBA in Healthcare Management program, you must have a bachelor’s degree from a recognized university with at least 50% marks. You must also have a good score in entrance exams and meet all other requirements. However, the eligibility criteria may vary based on the university you apply for. 

An MBA in Healthcare Management is not restricted by age and does not require prior work experience. However, we highly recommend applicants with relevant experience to help prepare them for the course. 

Admission process for MBA in Healthcare Management 

  • Register online: Begin the admission process by visiting the official website and registering by providing your basic details. Create a secure login ID and password for future access. 
  • Pay the application fee: Upon registration, you will be prompted to pay the application fee through a secure payment gateway. The application fee is necessary to process your application further. 
  • Complete application form: Fill in the application form with your educational background and work experience details. Provide accurate and up-to-date information to enable a comprehensive evaluation of your candidacy. 
  • Admission fee: Once your application is reviewed and accepted, you will receive an admission offer. Pay the admission fee for the first semester/year or for the entire program, as per the guidelines. 
  • Documents upload: Upload scanned copies of the required supporting documents, which may include: 
  • Academic transcripts and certificates 
  • Professional certificates and licenses (if applicable) 
  • Statement of purpose (SOP) detailing your interest in the program 
  • Resume/CV 
  • Any other documents specified during the application process 
  • Submit application: Carefully review all the provided information and attached documents. Submit your completed application to finalize the process. You will receive confirmation of submission. 
  • Selection: The university will thoroughly assess your application. Successful candidates will receive an official confirmation through mail or SMS. In case of any additional requirements, you will be duly notified. 

Can I pursue an MBA in Healthcare management online? 

Yes! The online MBA in Healthcare Management is designed for professionals who want to pursue or advance their career in healthcare management.  

With this program, you can earn your MBA without quitting your job The online format offers flexibility, so you can study at your own pace and on your schedule. Additionally, they can use their new skills and knowledge to secure promotions and raises after completing this program. 

Online MBA in Healthcare Management | Online Manipal 

Which university offers the best MBA in Healthcare Management program? 

An online MBA program in Healthcare Management offered by Manipal Academy of Higher Education (MAHE) is one of the most popular programs for professionals who want to pursue a career in healthcare management. The program has been designed in such a way to help you gain an understanding of all aspects of health care, from patient care and hospital administration to insurance and regulatory compliance. 

It also allows you to develop strong business acumen and build your leadership skills through project management classes. With this knowledge, you will be able to make informed decisions about how best to manage your organization’s resources while ensuring the safety and well-being of patients. 

The flexibility of this program allows you to complete it at your own pace, so even if you have a busy schedule outside of class, you can still get everything done on time. You will also have access to expert faculty members who guide you through each course. You will receive top-class mentorship, get free access to webinars by industry experts, paid courses content, and extensive e-learning content. 

Here is the list of future prospects for graduates of MBA in healthcare management

Fee structure for online MBA in Healthcare Management 

Manipal Academy of Higher Education (MAHE) is one of the leading institutes in India and provides world-class education in the field of healthcare management. The fee structure for online MBA in Healthcare Management from MAHE is quite affordable, and the course curriculum is designed to meet the future needs of the healthcare industry. 

The fee for online MBA in Healthcare Management from MAHE is INR 2,60,000 which is INR 65,000 per semester. Deserving candidates can also avail scholarships and EMI options are also available to pay your fee in easy monthly installments. 

Frequently asked questions (FAQs) 

What are the best ways to use my MBA in healthcare management?  

The best way to use your MBA in Healthcare Management is to prepare for a career as a healthcare manager. 

Which degree is better for a career in health care: an MBA or a master of health administration?  

An MBA is a better choice if you are interested in a career in healthcare. While both degrees are designed to prepare graduates for jobs in the field, an MBA provides more comprehensive training. A master of Health Administration focuses on management and administration, while an MBA provides a solid foundation for leadership positions. 

Will earning an MBA increase my salary?  

Yes, earning an MBA is one of the best ways to increase your salary. 

Is MBA hard to study?  

The answer to that question is: it depends on you. If you are a fast learner and have the discipline to stay on track, then no. It is not hard to study for an MBA degree. 

Key takeaways

  • The healthcare industry is constantly transforming, and staying on top of the latest trends and developments is crucial. 
  • An MBA in healthcare management will help you understand how to run your business in a way that makes it profitable and sustainable—and helps it thrive in the future. 
  • You will be able to make decisions for your organization based on data-driven insights about what’s working and what isn’t, which is essential when looking at big-picture goals like growth and sustainability in a rapidly evolving industry like healthcare management. 
  • An online MBA in healthcare management will give you the tools you need to succeed as a healthcare manager by introducing you to new concepts like leadership development, process improvement methodologies, best practices for developing talent within organizations, practical communication skills across departments and teams within organizations, among others. 

Disclaimer

Information related to companies and external organizations is based on secondary research or the opinion of individual authors and must not be interpreted as the official information shared by the concerned organization.


Additionally, information like fee, eligibility, scholarships, finance options etc. on offerings and programs listed on Online Manipal may change as per the discretion of respective universities so please refer to the respective program page for latest information. Any information provided in blogs is not binding and cannot be taken as final.

  • TAGS
  • Healthcare Management
  • Manipal Academy of Higher Education
  • Master of Business Administration
  • Online MBA

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