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A Perfect Journal on MBA in Hospital Management

Talking about the only department of the society which never gets discharged from its obligations, medical and pharmacy stand as one of the most vital pillars of a nation. No matter what the time or condition is, the department’s attendance always tends to full. Taking the recent months, the “COVID-19” phase hasn’t turned worse, only due to the people associated with the healthcare department have performed with all their might and dedication. So, opting for MBA in Hospital management can be the most precious decision of yours ever! Breathing the exact fragrance, let’s have a keen look into it! 

WHAT IS MBA IN HOSPITAL MANAGEMENT?

Also commonly known or termed as ‘MBA in healthcare management‘, MBA in Hospital Management is a two-year post-graduation (PG) program which is offered to the aspiring and dedicated students all over the globe. The course trains the students for managerial and administrative roles at a hospital or any kind of healthcare institute or any block related to the same purpose. A few courses related to the program are also offered at under-graduate level to the students, though not the exact same, but very familiar. This course can be pursued full time (offline and online) and also in the form of distance schooling course.

ELIGIBILITY CRITERIA

Before proceeding any further, we must know how to do MBA in Hospital Management. Let’s have the answer on the plate then…

 

  • Candidates who are willing to apply for MBA in Hospital Management courses ought to have a graduation degree with at least 50% marks in aggregate.
  • The aspirants need to perform with all their strength and crack any of the entrance exams like CAT/XAT/MAT/GMAT or university level exam.
  •  Some top educational institutes like AIIMS, give seats to the Hospital Management aspirants only if the students have a MBBS degree. 

So, the above marked points were the best possible answers to the question – “How to do MBA in Hospital Management?” As we have covered the eligibility doubts, it will be better to turn the page and know more on the skills required for hospital management. Move your feet over then! 

SKILLS REQUIRED

Already been discussed in the previous section of the article, we know that the course prepares the students for medical administration. So, having a little knowledge on standard business administrative skills will be a great pre-requisite. This can help you boost up your mind and also will save time dealing with a part of your course’s syllabus. Some other would-be-great preparations which can help you are-

  • Team-work
  • Relationship building ability
  • Base information about the medical industry
  • Communication skills

Here we are with another small milestone covered by knowing in detail about the skills required for MBA in Hospital Management.  Now, as it was already mentioned about the syllabus discussion, let’s have a detailed talk on that! 

SYLLABUS 

Having a handy knowledge about anything which we would be doing is a great initiative towards the success of that work. So, let’s have a point by point look at the syllabus of MBA in Hospital Management:

  • Principles of management
  • Healthcare economics
  • Marketing management
  • Managerial communication
  • Organizational demeanor
  • Health management
  • Fundamental of healthcare administration (already had notified in the previous section as a prerequisite)
  • Hospital planning
  • Hospital administration
  • Strategic management
  • Finance management

So, these were the topics an MBA aspirant in this course needs to go through on a daily basis to be an ace in the program he/she has opted.

Covering of syllabus in a way that the students find the course a cake walk largely depends on the faculty associated with it, and the best of faculties will be present in the best of the institutes associated with the course. The next few lines will be on what, is an obvious thing. Yes, it’s about the best institutes available for the course in the nation. Here is the best filtered list for you and your convenience – 

  • SYMBIOSIS INSTITUTE OF HEALTH SCIENCES, PUNE
  • SCHOOL OF MANAGEMENT STUDIES, HYDERABAD
  • INTERNATIONAL INSTITUTE OF HEALTH MANAGEMENT RESEARCH, NEW DELHI
  • AMITY UNIVERSITY, NOIDA
  • TATA INSTITUTE OF SOCIAL SCIENCES, MUMBAI
  • APOLLO INSTITUTE OF HOSPITAL ADMINISTRATION, HYDERABAD
  • AIIMS INSTITUTES, BANGALORE
  • INDIAN INSTITUTE OF HEALTH MANAGEMENT RESEARCH, JAIPUR

What does study in the best of institutes mean? The sole purpose behind it, is to have the best packages of knowledge, a hefty salary per month from a respectable job and a happily leading life. These three points get accomplished if the degree holder manages to have the best jobs available in the field. So, why not have a stroll here too? So, with a clink, let’s proceed further! 

JOBS AFTER MBA IN HOSPITAL MANAGEMENT:

  • Hospital CEO- 

The hospital CEO is the head of the institute and looks after the overall direction of the organization in accordance with the set guidelines. (avg. salary – Rs 35 lakhs to 09 crore p.a.)

  • Hospital CFO-

The hospital chief finance officer is responsible for the finances of the organization. (avg. salary – Rs 15 lakhs to 34 lakhs p.a.)

  • Administrator-

Administrator is responsible for looking after the working of the institute and controls the services. (avg. salary – Rs 05 lakhs to 06 lakhs p.a.)

  • Health director- 

The director makes strategies for the healthcare firm. (avg. salary – Rs 07 lakhs to 08 lakhs p.a.)

  • Chief nursing officer-

He/she assists the directors in forming the best possible strategies. (avg. salary Rs 09 lakhs to 09.50 lakhs p.a.)

  • Clinical project manager-

CPMs are responsible for the effective running of the organization. (avg. salary – Rs 08.60 lakhs p.a.) 

  • Medical affairs manager-

MAMs contribute towards building a brand strategy. They also develop medical plans and manage publications related to the brand. (avg. salary – Rs 01.20 lakhs p.a.)

TOP COMPANIES HIRING H.M. PROFESSIONALS – 

  • AIIMS
  • INFOSYS
  • GIM (Goa Institute of Management)
  • KPMG
  • APOLLO
  • FHL

SYMBIOSIS DISTANCE LEARNING MBA IN HOSPITAL MANAGEMENT:

The section is also a vital part to discuss before reaching out for any strong conclusion. 

You may feel glad knowing the fact that when the average fee for the regular MBA is Rs 05-15 lakhs, the fee for distance MBA in Hospital Management is only around Rs 01 lakh. Some of the institutes offering this facility are – 

  • SCDL (Symbiosis Centre for Distance Learning)
  • NMIMS
  • IMT and a few others too.

FACT – NMIMS is approved by UGC and NAAC GRADE – ‘A’. It was established in 1981 and has been offering the best distance learning courses for MBA in Hospital Management since then. 

CONCLUSION – 

So, this was the MRI scan of MBA in Hospital Management with all the necessary reports provided under your feet within a few seconds of your search! Being the best in any field will not only benefit you by shaping your career and personality, but will also let the needy people get benefited by the knowledge you have acquired, and we perform our part by creating the best and smoothest possible trajectory for you while you are in the journey to articulate your hoard.

So, just “spread your wings and conquer”!

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