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Employment opportunities for medical and health services managers globally are projected to grow at least 29% from 2023 to 2033, emphasizing the growing demand for professionals in the field. These include clinician-administrators who combine expertise in the medical domain while possessing leadership and management skills. This makes an MBA for medical professionals a lucrative choice for graduates and working professionals transitioning to healthcare admin careers.
An MBA in healthcare management is a specialization that has witnessed significant growth in popularity lately. In this blog, we further discuss the promising career opportunities to bridge gaps in roles and responsibilities in the healthcare industry with the MAHE MBA for doctors program.
Why do clinicians transition to healthcare administration?
With the growing complexities in the healthcare systems, hospitals and other healthcare organizations are seeking to employ clinicians who can manage patient care while possessing the qualities to make informed administrative decisions for enhanced efficiency and outcomes. As per projections, roles like Administrative Services and Facilities Managers are likely to witness a 9% growth from 2023-33. By transitioning to varied roles in healthcare administration through upskilling, clinicians can expand their career horizons and improve healthcare systems through managerial and leadership roles.
Industry trends & career growth
As healthcare administrators and managers with leadership skills continue to experience growth in demand, professionals including clinicians are increasingly transitioning to healthcare admin careers for future growth and advancements. An MBA for medical professionals offers the opportunity to explore several promising roles like Medical and Health Services Managers, Medical Records and Health Information Specialists, and Human Resource Managers. All these roles require specific skills in leadership and managerial capability for professionals to drive improvements in the healthcare industry.
Key challenges in the shift
A healthcare MBA career shift from patient care to leadership, administrative, and managerial positions within the industry can be challenging, especially in adapting to decisions related to business and finances or in managing teams. Moving from proactive patient care to deliberate leadership and operational roles, and handling healthcare policies are other challenges that these professionals may face. Maintaining a balance while transitioning from clinical expertise to administrative competence can be quite challenging.
How MAHE’s healthcare MBA prepares you for leadership
MAHE’s healthcare MBA helps learners acquire the required knowledge and management skills to unlock potential leadership roles in senior management by fast-tracking career progression. The program comprises the best course overview and curriculum for healthcare aspirants and professionals combining academic knowledge with practical learning.
Specialized curriculum for medical professionals
The program covers a specialized curriculum for medical professionals combining financial management, operations, policy regulations, research, and leadership skills taught through healthcare operations management, health education and communication, health informatics, and other core subjects.
Take a look at the curriculum details for an online MBA for healthcare professionals in the table below:
Semesters | Topics Covered |
---|---|
1 | Managing People & Organizations Financial Reporting & Statement Analysis Managerial Economics Business Communication Business Statistics |
2 | Financial Management Marketing Management Strategic Management IT for Business Business Leadership Research Methodology |
3 | Management Accounting Legal Aspects of Business Specialization: Health Informatics Health Education and Communication Health InsuranceMinor Project |
4 | Entrepreneurship and Innovation Sustainability Capstone Project Specialization: Healthcare Operations Management Hospital Planning and Infrastructure Management Quality Management in Healthcare |
Practical learning through case studies & projects
The syllabus of the healthcare MBA includes case studies on real-world insights and healthcare scenarios allowing candidates to develop practical learning like specialized knowledge in healthcare administration, patient care, hospital management, and policy development, as well as the opportunity to acquire strategic leadership and financial decision-making skills.
Further, experiential learning through live projects, industry collaborations, and case studies helps learners apply the theoretical know-how to deal with their day-to-day work challenges. Hands-on projects and case studies on the healthcare and pharma industry allow students to improve healthcare processes, strategize market expansions, and innovate digital health services to tackle complex healthcare management scenarios.
Career paths after the MBA
Among the various MAHE healthcare MBA benefits, it opens doors to diverse career prospects for graduates to take on leadership and managerial roles in healthcare administration and operations. Below are some rewarding job roles with average salary that learners can expect across industries:
Job roles | Average salary |
---|---|
Health Program Director | INR 38,60,000 per annum |
Management Consultant | INR 25,00,000 per annum |
Pharmaceutical Project Manager | INR 18,20,000 per annum |
Physician Relations Liaison | INR 10,80,000 per annum |
Public Health Manager | INR 10,00,000 per annum |
Healthcare Information Manager | INR 9,00,000 per annum |
Healthcare Consultant | INR 9,00,000 per annum |
Hospital Administrator | INR 6,50,000 per annum |
Brand Consultant | INR 6,00,000 per annum |
Human Resources Coordinator | INR 4,00,000 per annum |
Below are some common industries hiring healthcare management professionals:
- Biotechnology
- Hospitals
- Pharmaceuticals
- Insurance
- Health Policy and Advocacy
- Public Health Organizations
- Healthcare Technology
- Healthcare Consulting
- Healthcare Analytics
Is MAHE’s online healthcare MBA the right fit for you?
Manipal Academy of Higher Education (MAHE) offers an online Master of Business Administration (MBA) in Healthcare Management on their widely regarded platform, Online Manipal. The program is planned to support students and professionals with the much-needed skills and knowledge that are in demand for pursuing excellence in the dynamic healthcare industry. The two-year Master’s degree instills comprehensive knowledge in strategic planning, financial management, leadership, and other valuable qualities by incorporating courses like hospital planning, quality management in healthcare, infrastructure management, and health informatics. If you are inspired to accelerate your career in this sector, join MAHE’s online MBA in healthcare management to upskill while continuing your job and other responsibilities.
Who should consider this MBA?
To be eligible for MAHE’s healthcare MBA program, applicants must have a 10+2+3 Bachelor’s degree from a recognized university with at least 50% marks. One year of work experience in a reputed organization is also required. NRI and foreign candidates must provide an equivalency certificate from the Association of Indian Universities. Professionals looking for healthcare MBA career shifts can also apply for the MAHE MBA for doctors program.
Admission process & next steps
To enroll in MAHE’s online MBA program, follow these steps:
- Register by filling in your details and paying the application fee.
- Pay the admission fee for the first semester/year or the full program.
- Upload the required documents and submit your application.
- The university will review your documents and confirm your admission.
Conclusion
An online MBA in healthcare management offered by Manipal Academy of Higher Education (MAHE) is a carefully designed program to effectively bridge the gap between clinical expertise and leadership administrative roles. The program equips clinicians with essential management skills to empower them in key roles in the healthcare industry to drive positive changes in healthcare systems for career advancements. One of the best features of the MAHE MBA for doctors and working professionals is that it is presented in a fully online mode for the utmost flexibility and convenience of students and professionals.
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