MBA Hospital Management Course
MBA Hospital Management is a 2-year Postgraduate management degree course that imparts knowledge related to the proper functioning of any hospital or healthcare facility. Students get to know about marketing, financial aspects, supply chain and HR of hospitals in 4 semesters. The basic eligibility criteria required to pursue the course include candidates having cleared their graduation across any stream with an average aggregate score of 50% or above or an equivalent CGPA from a recognized university.
MBA in Hospital Management Course Details
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Duration
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2 years
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Eligibility
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Bachelor’s Degree in any field
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Admission Process
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Entrance Exams and Merit Basis
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Top Recruiting Companies
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Pharmaceuticals, Health Insurance Companies, Public Health Departments, Hospital Consulting Firms, Laboratories and Clinics, Health Agencies Mental Health Organisations, Nursing Homes, and such.
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Job Positions
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Healthcare Finance Managers, Medical and Health Service Managers, Hospital Administrators, Medical Director, Blood Bank Administrators, Hospital Business Managers, Food and Beverage Managers, etc.
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MBA in Hospital Management Eligibility Requirements
The following are the minimum eligibility criteria required to be fulfilled by candidates aspiring to take admitted to this MBA program:
• Graduation in any stream with at least 50% marks in aggregate from a recognized university.
• Graduation in any stream with at least 40% marks in aggregate for SC/STs/other backward classes
• Qualifying any of the MBA Entrance exams.
MBA in Hospital Management Syllabus
The MBA in Hospital Management syllabus deals with the study of hospital management and administration. Hence this course has subjects that deal with management but also has a few topics from medical science.
Semester wise subjects for MBA in Hospital Management is mentioned below:
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Semester l
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Semester ll
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Marketing Management
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Financial Management
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Principles of Management
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Marketing Strategy and Applications
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Business Statistics
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Business Mathematics and Operation Research
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Organizational Behavior
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Organization and Administration of Clinical Services
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Business Law
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Management of National Health Programs
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Financial Accounting
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Materials Management
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Managerial Economics
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Human Resource Management
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Semester lII
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Semester lV
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Management Information Systems
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International Business
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Business Policy and Strategic Management
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Applied Epidemiology
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Pharmaceutical Management
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Hospital Planning
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Quality Management
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Management controls Systems
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Legislation for Health and Hospital
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Foreign Language
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Health Education and Communication
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Environment Management and Business
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Foreign Language
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Final Projects
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MBA in Hospital Management Admission Process
Candidates interested in pursuing MBA in Hospital Management need to have completed graduation in any discipline. The eligibility criteria for admission may vary according to the institute offering the course and must be fulfilled by the candidate.
Candidates are required to qualify for any of the relevant MBA Entrance Exams such as CAT, MAT, and XAT. Most institutes offering the course in India admit the students based on their performance in the entrance test held by the respective institute which is a one-hour MCQ type test followed by a group discussion and a personal interview round.
After registering and appearing for the entrance exams. The candidates are shortlisted based on their merit or on the score obtained in the entrance exams. The universities conduct Counselling, Personal Interview, and Group Discussion rounds before taking admission to the program.
MBA Hospital Management Jobs
As hospital administrators, successful postgraduates of the course learn business management in healthcare administration and develop quantitative and conceptual skills that are required in high performing contemporary healthcare units and hospitals.
They may work as employees in both corporate and government sectors in the areas of Pharmaceuticals, Health Insurance Companies, Public Health Departments, Hospital Consulting Firms, Laboratories and Clinics, Health Agencies, Mental Health Organisations, Nursing Homes.
As an MBA in Hospital Management, the candidate will learn the principles of management, efficient business handling as well as the details of inputs in the administration of healthcare units and facilities all around the world and hence, become a management professional and oversee the timely and efficient access of treatment to patients.
Some of the popular professional avenues open to successful graduates of the course are tabulated below along with the approximate salaries offered for the respective positions:
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Job Position
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Job Description
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Healthcare Finance Managers
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Responsible for overseeing the day to day financial activities of healthcare institutions and are responsible for budgeting, financial planning, financial analysis and reporting of daily financial activities. The job is highly dynamic and requires managers to be constantly updated about the latest insurance and healthcare financing regulations and options to allow efficient payment handling.
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Medical and Health Service Management
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Responsible for planning, directing and coordinating all the healthcare services provided by the healthcare service provider to ensure timely and efficient delivery of services.
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Hospital Administrators
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Responsible for ensuring that the services provided by their healthcare institution run smoothly and effectively, and patients receive timely treatment. Hospital administrators are also responsible for the recruitment of staff including doctors, interns and nurses. In larger hospitals, there may be multiple administrators in charge of specific departments
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Medical Director
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Responsible for ensuring proper and timely administration of treatments at clinics, hospitals, blood banks and more. They take care of any kind of grievances any patient might have and are responsible for the assignment of staff for each patient. Medical directors are often in charge of medical ethics and they look after maintaining transparency in the organization they work in.
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Blood Bank Administrator
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Responsible for proper evaluation of inventory and coordinating all operational functions of a blood bank. They provide operational oversight to the 3 most important functions of a blood bank – receipt, storage and delivery.
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HR Recruiter
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Responsible for overseeing recruitments of new staff including nurses, doctors and assistants at hospitals, nursing homes, blood banks, medical clinics and other healthcare institutes. HR Recruiters at medical facilities are responsible for maintaining a healthy atmosphere at the workplace and they also ensure that the staff abides by the rules and regulations of the facility and that medical staff carry out their duties ethically and responsibly.
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Scope of MBA in Hospital Management
In response to the growing trend of Medical Tourism, more patients from around the globe have sought treatment. Due to this, there is an increased need for medical facilities, which offers a range of opportunities for MBA students looking to pursue Hospital Management. Moreover, as long as the healthcare industry remains unresolved, the demand for good managers in the healthcare industry will continue to rise.
Therefore, the MBA in Hospital Management program is designed for executives and managers. Graduates of the MBA in Hospital Management program are placed in sectors such as consultancy, diagnostics, hospitals, insurance, information technology, medical equipment, pharmaceuticals, non-profits, and clinical research labs.
MBA in Hospital Management is essential for those seeking senior executive positions in the healthcare industry. This course covers business management topics, healthcare specialization topics and managerial studies. The program thus provides candidates with the necessary skills to advance quickly in their careers.
Conclusion
In conclusion, we can say that the benefits of pursuing an MBA in healthcare and hospital management are enormous. Especially after the pandemic, this degree is in high demand in the market. MBA in Hospital Management is a vital qualification for those looking to excel in the rapidly evolving healthcare industry. This degree equips graduates with a unique blend of business acumen and healthcare-specific knowledge, preparing them for leadership roles in various healthcare settings.
As the demand for proficient healthcare managers continues to rise, this specialization promises a fulfilling and impactful career. For aspiring healthcare leaders, choosing the right institution is crucial. Investing in an MBA in Hospital Management from a prestigious institution will not only enhance your career prospects but also enable you to make a significant difference in the healthcare sector.