Top 10 Reasons to do MBA in Healthcare Management
Lead the Department
- An MBA in healthcare management enriches you with a deeper understanding of each of the specialized areas. This turns you into an ace in whichever department you are placed in, and you are able to supervise it. Your kindling leadership trait finally lands you in the senior manager post without having to wait for long.
Broaden Your Knowledge
- The aforementioned subjects covered by the MBA course make you eligible to plunge into other business-related sectors than just clinging to the healthcare industry. You also have the scope for switching from an insecure organization to a reputed brand name in the healthcare sector.
Choose Your Employer
- This programme in healthcare management enables you with the expertise to be applied in various directions, especially in contributing to society. There are charitable and non-profit health organizations that are in need of such qualified management professionals. You can be one of them, too or fetch a job in the government healthcare sector that seems to be in a state of disarray.
Become a Researcher
- An MBA in healthcare management is your gateway to particular areas that allow research work other than this domain. You might also opt to be a counsellor for other organizations to research, assess and estimate their business operations.
Adapt to Networking
- This degree course trains you in interpersonal skills to communicate and build relationships with the leading authorities in the healthcare industry. This exposure to the industry network proves helpful in terms of a job change or any personal venture you wish to move forward with in the future.
Become More Prompt
- Only a trained MBA professional can be precise while communicating with investors, clients, or employees. Presenting the required information in a presentable manner can persuade potential clients. Accurate instructions to employees and tactful handling of customer queries are the major responsibilities of a manager.
Check on Life Risks
- The biggest problem faced by patients with ordinary social backgrounds is the disorder in the concerned hospital or nursing home’s operating system. Improper management and elaboration of formalities often delay even the critical patient’s treatment, resulting in a life risk. Qualified management professionals are being hired to change to this scenario of the industry.
Know from the Core
- Healthcare managers are being challenged by the constant changes in the infrastructure of the industry. In this context, the skills acquired through an MBA programme come in handy and help managers to solve problems efficiently. This course allows you to know the healthcare industry inside out, especially in terms of a business outlook and the driving forces behind it.
Develop Financial Expertise
- The healthcare management programme delves into the industry's financial aspect. You become adept at assessing and estimating the appropriate investments the organization will make. The sector needs proficient managers to develop cost-effective plans without compromising on medical standards. They are responsible for analyzing and collecting market data to innovate plans for new drug promotions.
Confirm Your Job Security
- Healthcare is a never-fading industry and is in demand of trained administrative professionals. Besides, the expertise gained in the MBA programme is variegated in nature to serve different managerial tasks in other fields.
Job Opportunities
Hospital CEO is the highest rank, with an annual remuneration of 12 lakh rupees. This designation represents the organization concerned. The responsibilities include communicating, concluding, and managing the entire system's functioning.
The financial expertise gathered through the MBA programme can land you the job of a hospital CFO. The compensation is impressive, with an annual salary of 9 lakh rupees. The CFO is required to monitor revenue earned, prepare budgets, keep track of expenses and report them, and manage financial risks.
Assistant operation manager is another alluring designation with an annual remuneration of 6 lakh rupees. This job role oversees the organization's daily income and expenditures. Other important tasks associated with this rank include staff selection, managing customer relations, and preparing work task schedules.
You may also act as the physician relations liaison to maintain the doctors who practice in private by connecting them with clients beyond their local sources. The salary is 4 lakh rupees in a year.
The designation of a healthcare information manager will fetch you a compensation of 6.5 lakh per annum. You are required to supervise record-keeping and incorporate methods for maintaining the confidentiality of the indigenous data.
Oncology coordinator is a job role that brings you closer to the medical sphere. The individual is responsible for preparing treatment charts for cancer patients and ensuring the proper care and timely therapies for these patients. The remuneration for this post is 6 lakh rupees a year.
A medical practice manager earns an annual income of 7 lakh rupees per annum. The task comprises record-keeping, staff training, fresh recruitment, and looking after medical operations' commercial aspect.
The hospital manager’s role encompasses the sum of administrative functions of the organization, such as budgeting, scheduling, and formulating policies. It promises you an annual salary of 4.79 lakh rupees.
The claims manager monitors a healthcare centre’s revenue tabs and billing services. This designation receives compensation of 4.5 lakh rupees per annum.
You can work with the leading names in the healthcare sector like Wipro GE, Cipla, Apollo Life, and Cadila. Apart from an impressive salary, you get exposure to one of the most significant industries in the world.
