Why get a MBA in Healthcare Management?
The healthcare sector is expanding at an exponential pace, projecting a future market value of 280 billion dollars by the year 2020. Companies in the private sector are beginning to get more involved with healthcare and this is one industry whose importance will never lessen.
MBA in Healthcare Management | Image Resource : thebestschools.org
You may ask, why get an MBA in health care management? Although the key to health care are doctors, the rising role of technology in lifestyle and other developments is leading to increasing throngs of people that flock to hospitals for treatments of various health problems. To manage this inflow of data of customers and to strategize the environment in such a way that the medical centers are more patient-oriented, a management degree in this field is of high value.
What healthcare means in terms of an MBA
Obtaining a degree in health care is, understanding the main objective of this field. Providing ways of management education to the various personnel employed in this industry is the top goal of this field. Along with that, preparing various techniques in managing medical services in the country, helping in the development of skills required to run a medical center, attitude training etc are all things that must be learned over the period of study.
This course is a 2 or 3 year long course that lays a strong foundation in marketing, finance and human resources apart from healthcare studies. The duration of the course depends on the university and the country in which you pursue it. Most universities have a minimum application requirement that the applicant should have pursued an undergraduate degree in any field.
He or she must be prepared to go through a slightly strenuous admission procedure that involves submitting applications before deadlines, appearing for group discussions on selection and personal interviews which may be conducted multiple times. This MBA degree (in healthcare management) can also be taken up as correspondence (distance learning) but is more beneficial when taken as a regular course.
The career opportunities associated with it lie mainly in the Healthcare, Health insurance, Healthcare management consultancies and Pharmaceutical industries. Some job profiles offered after graduation are of Chief Operating Office, Health Care Provider, Hospital Planning Advisor, Consultant Trauma etc. Top universities such as the Indian Business School, Hyderabad and ITM Business School, Bangalore offer this course of study. For prospective students, this is a great field of study!