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The Career Trajectory of an MBA Healthcare Professional with MAHE

Management
Blog Date
August 22,
2023

The healthcare industry impacts thousands of lives, directly or indirectly. Healthcare jobs are not just limited to doctors or nurses. It includes other healthcare professionals who take care of every aspect of managing and running a hospital or a health center successfully. Hence, pursuing an MBA in Healthcare Management from the Manipal Academy of Higher Education is one of the great ways to advance your career in the healthcare industry or even switch to a career in this  field.

The Foundation: Mastering Healthcare Management

India’s healthcare system demands specialized professionals to develop unique skills, handle administrative duties, and manage a workforce. An online MBA in Healthcare Management from Manipal Academy of Higher Education (MAHE) can help you develop skills and expertise that qualify you for jobs in the rewarding, challenging, fast-paced, and dynamic healthcare sector.

Various job opportunities post MBA in healthcare professionals

The healthcare sector is bursting with lucrative and fulfilling career possibilities. Here are a few career options for MBA healthcare professionals:

Job RoleAverage Salary (annual)
Hospital AdministratorINR 5 lakhs
Medical Practice ManagerINR 24 lakhs
Project ManagerINR 8 lakhs
Hospital CEOINR 30 lakhs
Health Informatics SpecialistINR 4 lakhs

Source

Note: The above numbers are only indicative and can vary based on city, organization, experience and qualification

Entry-Level Career Options

  1. Hospital Administrator/Manager

After earning a Healthcare Management MBA degree, the hospital administrator profile is one of the most common job roles. Medical facilities, including nursing homes, medical centers, clinics, private practices, and hospitals, employ administrators for diverse roles.

A hospital administrator is responsible for creating new regulations, monitoring compliance, supervising staff hiring and firing, participating in financial choices, and creating budgets.

  1. Healthcare Consultant

One of the main duties of healthcare consultants is to ensure patient happiness and effective healthcare service delivery. Healthcare consultants can devise development strategies and recommend steps to improve inventories, lower costs, improve patient care, and conform with current health rules, regulations, and budgets by assessing systems and procedures.

These experts have the industry expertise to make insightful recommendations and offer thorough training to enhance organizational performance and handle the practical difficulties of managing a healthcare facility.

Mid-Career Advancement Opportunities

  1. Healthcare Project Manager

A healthcare project manager is responsible for healthcare programs from initiation to close. The healthcare manager is responsible for ensuring the work gets done efficiently and satisfactorily while staying on schedule. They perform cost estimation, including examining the financial resources the project may require, anticipating roadblocks that may appear during the project, and preparing solutions to overcome these challenges.

The professionals are responsible for drafting the project and sending it to the upper management for further action and suggestions.

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  1. Health Informatics Specialist

With the advent of data analysis in every industry, health informatics plays a significant role in supporting business decisions with concrete data and valuable insights. Health informatics specialists work with many datasets in a healthcare setting. This data varies from patient records and healthcare trends to resource allocation records. This data is used to identify and work on certain business aspects to improve overall performance and efficiency.

Leadership Roles: Climbing the Career Ladder

  1. Healthcare Operations Director

A healthcare operations director is an individual who plans, directs, coordinates, and manages the people and policies of the medical practice. 

  1. Chief Executive Officer (CEO) of a Healthcare Institution

A hospital CEO is responsible for managing almost every aspect of how a hospital runs smoothly and efficiently. As the pinnacle of healthcare management, hospital CEOs ensure the best quality of patient care, foster a positive and productive work culture, implement clinical procedures and policies, and deliver strong financial performance.

Entrepreneurship in Healthcare

As a fertile ground for entrepreneurship, the healthcare sector allows various businesses to bring their experience and expertise.

  1. Starting a Healthcare Consulting Firm

Healthcare consulting firms evaluate current processes and recommend ideas to boost operational efficiency, minimize costs, and improve patient care. With a background in healthcare, a healthcare consultant must possess analytical skills to identify weaknesses in existing practice and offer valuable insights to overcome organizational roadblocks and enhance service delivery.

  1. Launching a Healthcare Technology Startup

Healthcare technology refers to using or developing technologies to support healthcare sectors. It aims at reducing healthcare costs and minimizing unbearable waiting periods, inefficiencies in drug development, and limited access to insurance and healthcare facilities.

Healthcare startups work toward introducing electronic health records (EHR) systems that can assist healthcare providers in improving operational efficiency and patient care. The system allows efficient record-keeping and information sharing.

Such businesses can partner with hospitals or other healthcare centers to raise funds and resources. By leveraging technology, forming partnerships, and raising funds, businesses can effectively scale their operations while offering quality and cost-effective care to diverse populations.

Global Opportunities and Challenges

  1. International Healthcare Management Roles

The global health management landscape presents challenges and emerging needs around human resource management, efficiency-saving, and digital transformation in the healthcare sector. As a result, health managers need to adapt and stretch their roles to meet these priorities. 

The global healthcare sector continues to evolve to become more integrated. This trend demands a greater need for hospital management professionals to navigate the complexities. Those with an MBA in Hospital Management will possess the skills to handle medical tourism initiatives, engage with international healthcare providers, and devise plans to deliver care to diverse patient populations. To be successful, future hospital administrators must possess cultural proficiency, a firm grasp of global healthcare regulations, and an adeptness at cross-border cooperation.

  1. Addressing Healthcare Disparities

Social factors such as income difference, diverse background and ethnicity, education, age, and gender, can lead to reduced access to proper healthcare resources (including medical insurance) or decreased life expectancy rates. However, there are several ways healthcare administrators and professionals can work toward lowering the impact of health disparities. Promoting inclusivity and affordability should be the major concern for healthcare professionals.

Conclusion

With so many options for general and healthcare-specific optional courses, an MBA in Healthcare Management gives students the freedom to customize their degrees to suit their goals. Additionally, one of the advantages of an MBA for healthcare professionals is that they will learn the fundamentals of contemporary business through key subjects like finance, accounting, management, and other critical ideas. This prepares them for jobs in healthcare leadership. Choose an MBA in Healthcare Management from MAHE to head start a career in this field. Visit here to learn more about the MBA healthcare career progression with MAHE!

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
  • Master of Business Administration
  • online degree
  • Online MBA

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