All you need to know about MBA in Healthcare Management in India

MBA in Healthcare Management prepares the students to display their innovative and leadership skills in the growing healthcare industry. Candidates who have completed their course successfully with high ranking have ample career opportunities to choose from.

Healthcare sector has ample job opportunities owing to the ever-growing population of the country that needs these facilities. To cater to this vast population there is a rising demand for good managers in the healthcare industry. For someone to make it to the best of healthcare institutions as managers, a Master in Business Management degree with a specialisation in Healthcare Management program is the key. The curriculum of MBA in Healthcare Management mostly includes an integrated approach covering all domains that form a part of the healthcare sector. These areas comprise pharmaceuticals, hospitals, healthcare financing, medical devices, healthcare IT and public health.

Required skillset for the course

MBA in Healthcare Management course demands its aspirants to have several skills, some of which are mentioned below:

• Industry knowledge
• Leadership
• Critical thinking
• Relationship building
• Ethical judgment
• Adaptability
• Quick thinking

Eligibility criteria for MBA in Healthcare Management

MBA in Healthcare Management is a two-year full-time post-graduation course. It is classified into four semesters which are conducted in a time-frame of six months each.

Candidates who seek admission to the MBA course of Health Care Management are supposed to fulfill the following eligibility criteria:

• Candidates who have passed CMAT, CAT, XAT entrance examination can also avail for the course
• Candidates should pass the entrance examination prescribed by the college
• Candidates holding a Bachelor’s degree in any significant stream from a recognised university with a 50 per cent of aggregate marks and above are eligible for the course

Also Read: All you need to know about online MBA admissions 

Course curriculum for MBA in Healthcare Management

The syllabus for the course is classified into case studies/projects/theory and practical/seminars covered in four semesters. The weightage of the projects and topics of the same are decided by individual colleges. The curriculum for the first year is general to all streams, with the specialisation subjects being covered in depth starting from the second year.

The syllabus for the course is as follows:

Semester I	Semester III
Human Resource Management	Hospital Operation
Principals of Management	Essentials of Healthcare Administration
Financial Accounting	Planning & Designing of Healthcare Facilities
Managerial Economics	Quality Management in Hospitals & Healthcare
Fundamentals of Communication & Interview Preparation	Customer-Centric Organization (CCO)
Marketing Management	**Projects/Seminars/Case Studies
Semester II	Semester IV
Innovation Management	Legal Aspects of Healthcare
Strategic Management	HR in Hospitals
Cost Accounting	Revenue Cycle Management in Healthcare
The Integrative Manager	Material Management & Equipment Management
Quantitative Techniques	**Projects/Seminars/Case Studies
**Projects/Seminars/Case Studies	-

Admission process for MBA Healthcare Management

Candidates would be admitted to this course based on the merit list. The applications would be processed and those selected need to go through an entrance test which would comprise of Personal Interview (PI) and Group Discussion (GD). Candidates would be judged on their performance in GD, knowledge of the subject and credibility in PI.

Selection process for MBA Healthcare Management

The entrance examination for the course differs from college to college. Some colleges conduct their entrance examination followed by GD and PI. Some of the entrance examinations which are accepted by colleges are:

• NMAT (NMIMS)
• CAT (Common Aptitude Test)
• CMAT
• XAT (Xaviers Aptitude Test)
• SNAP (Symbiosis National Aptitude)

Candidates can download online from the respective sites or collect the application form from the college. The documents mentioned by the college needs to be attached to the application form at the time of admission.

Career prospects after MBA Healthcare Management

MBA in Healthcare Management prepares the student to display their innovative and leadership skills in the growing sectors of the Health industry. Candidates who have completed their course successfully with high ranking have vast career prospects to select from. Among the top firms recruiting MBA graduates in Healthcare Management comprise:

• Cadila Healthcare
• Apollo Life
• Cipla
• Wipro GE Health Care
• Advanced Healthcare Resources of India

Individuals also get the opportunities to work in hospitals, public health system, healthcare consultancy firms, and clinical research laboratories. They can become CFOs, CEOs, Pharmaceutical Production Manager, and Hospital Administrators.

After completing MBA in Healthcare Management, students are offered placement in sectors, including diagnostics, consultancy, insurance, hospital, IT, medical equipment, NGOs, pharmaceuticals, and public health, and clinical research laboratories. Major profiles offered in the sector are Business analyst, Operations, Marketing, Sales, Product Development, Administration and Consultants.

Job Profile	Job Description	Average Salary
Hospital CFO	Work includes planning, managing finances and maintaining records.	Rs 8-9 LPA
Hospital Administrator	Budgeting, making new policies in compliance with government policies and effectively enabling services.	Rs 6 LPA
Physician Relations Liaison	Work in coordination with marketing, sales and business development team.	Rs 3 LPA
Oncology Coordinator	Ensuring patient care, working in liaison with other disciplines of the hospital for enabling proper service to cancer patients.	Rs 1-2 LPA
Healthcare Information Manager	Work includes processing of information properly. Ensure the proper working of the computer for data processing.	Rs 4-5 LPA
Pharmaceutical Production Manager	Analyse and reviewing investments, creating promotional campaigns for new medical drugs and devices.	Rs 5 LPA
Hospital CEO	Maintaining financial records and ensuring the smooth working of the hospital.	Rs 9 LPA
Medical Practice Manager	Budgeting, Handling schedules, Recruitment, and management of staff.	Rs 4 LPA

Demand for MBA in Healthcare Management

According to the data available in the market, diagnostic centers and hospitals engrossed foreign direct investment (FDI) worth almost $4.34 billion between April 2000 and March 2017. Also, with the rise in the idea of medical tourism, there has been a huge inflow in the number of patients from all over the world. This has increased the demand for medical facilities, which creates a range of opportunities for MBA aspirants planning to pursue Healthcare Management.

With the growth of healthcare, the demand for qualified and experienced hospital administrators has increased considerably. With numerous corporate hospitals mushrooming across the country, the necessity for hospital managers/administrators is expanding. Also, with more focus on health insurance, the healthcare industry is thriving at a faster rate. Thus, there are ample reasons to do MBA in healthcare in India.