What is an MBA in Hospital and Healthcare Management All About?

The healthcare business is on the rise and is expected to grow in the future years. By the end of 2022, India’s healthcare industry is expected to be worth $133.44 billion. This development will see the addition of some additional hospitals as well as an increase in hospital staff, including management. Furthermore, between 2020 and 2028, employment possibilities for medical and healthcare service managers are expected to expand by 18 percent, and this Master in Hospital Administration MBA course will prepare you to compete for these positions and build a promising career in the healthcare industry.

In today’s world, healthcare management is expanding rapidly and becoming increasingly complex. There are numerous chances in this rapidly expanding profession, and there appears to be no shortage of leadership positions available. Healthcare, particularly hospital management, is a unique field since, unlike pharmaceuticals, which are primarily concerned with producing, hospitals are primarily concerned with providing services. Because today’s health issues are so complicated and intertwined, care delivery approaches that employ a multi-pronged, collaborative, and technology-enabled approach are more likely to produce beneficial outcomes.

In today’s healthcare business, the utilization of public-private partnerships to address a shortage of healthcare infrastructure, the mitigation of access concerns through dual systems of public and private healthcare, and the use of technology-enabled, virtual treatment are all seen as potential answers. This MBA hospital administration course will provide you with all of the skills and knowledge you’ll need to operate a healthcare facility.

What are the MBA Hospital and Healthcare Management Eligibility Criteria?

The basic eligibility criteria for pursuing an MBA in Hospital and Healthcare Management aspirants are not complicated and are as follows. It must be noted that the eligibility criteria will differ from institute to institute.

Candidates must hold a bachelor’s degree in a relevant discipline from a recognized university. 

They must have cleared their undergraduate degree with a minimum aggregate score of 50% aggregate (45% for SC/ST candidates) or an equivalent CGPA

Depending on the Institute; the candidate may be required to have a valid score in any management entrance exam such as CAT/CMAT/MAT/XAT/GMAT.

MBA in Hospital and Healthcare Management Admission Process

Admission to the course is determined by a candidate’s performance on an entrance exam. CAT, MAT, XAT, CMAT, ATMA/ State Common Entrance Test scores, and other key all-India admission tests are used for this purpose. Some colleges also offer merit-based admission. The admissions process usually begins in March and July. By the end of March, practically all admission exams will have online forms available.

Admission based on merit

Submit your application to the colleges or institutions where you want to study.

Perform well on your undergraduate exams, as the results serve as the foundation for the entire admissions process.

Colleges will reveal their cutoff lists in due time. Check to see if you are eligible for the course you want to take.

Document Required For MBA Hospital and Healthcare Management

10th and 12th mark sheets and certificates

Graduation mark sheets and certificates

Professional degree certificates

SSC and HSC mark sheets

MBA Hospital and Healthcare Management: What is it about?

The MBA Hospital and Healthcare Management course covers a variety of topics in the fields of Management related to the Healthcare Industry. The main details of this course are listed below.

This is a postgraduate specialization in MBA, which helps students understand tactics used in marketing, finance, human resources, and operations required in the healthcare sector. 

The course also focuses on the legal and statutory regulations to be followed, and the various issues affecting healthcare organizations.

Special focus is given to Disaster Management, Organization and Administration of Clinical and Super Specialty Services, Quality Assurance for Hospitals, Consumer Behavior, and Research Methodology.

The MBA HHM Syllabus includes classroom learning and practical exercises such as workshops, case studies, seminars, and internships offered by the institutions themselves as well as many reputed hospitals and healthcare centers. 

Why Study an MBA in Hospital and Healthcare Management?

Apart from the fact that the course helps develop skills like critical analysis and interpretation of data, problem-solving and making rational business decisions, computation, communication,  managerial and leadership skills, some of the other crucial factors that support the fact that MBA in Hospitals and Healthcare Management should be taken up as a career choice are listed below.

The curriculum is shaped in such a way that graduates are transformed into professionals who can carry out their duties in health authority organizations, primary care trusts, and hospital administrations.

With a broader objective to propagate world peace and improve health globally, hospital and healthcare management supervisors look into measures to make operations and procedures carried out in these organizations to be efficient and cost-effective and ensure that patients get the best type of empathy, care, and treatment facilities.

Along with the understanding of the functioning of multi-dimensional healthcare organizations, and the bridge between business and healthcare management, graduates may also acquire a deep insight into the various challenges faced by the marketing and organization facets of the industry.

The practical aspect of the course includes exposure to the latest technologies in medical science, research-based innovations in the assortment of resources, application of managerial techniques to arrive at optimal solutions, and a detailed investigation of political, cultural, and ethical concerns regarding healthcare.

Healthcare facilities are busy networks and so, healthcare administrations have hectic schedules, requiring good leadership, control, and supervision skills to run administrative procedures smoothly, making this course a perfect way to pave the right path to build careers in healthcare finance, administration, marketing, and policy and information management. 

How to prepare for MBA Hospital and Healthcare Management Entrance Examinations?

Scoring well in an entrance exam is not a difficult task if one is well aware of the latest exam pattern. Hence, one should go through the previous year's papers and perform a proper analysis of the exam pattern. Apart from this, one should research thoroughly about the entire syllabus of the entrance exam. Mainly there are four sections in almost all the MBA entrance exams.

Reading Comprehension and Verbal Ability

Quantitative ability

Data interpretation and logical reasoning

General knowledge and current affairs

One can follow the tips given below to excel in any MBA entrance exam:

Generally, multiple-choice-based questions are asked in the exam. In most of the exams, negative marks are offered for every wrong answer. So, make sure you attempt only those questions which you are sure of. 

The verbal ability and reading comprehension section generally includes Reading Comprehension, Verbal Ability, Para Jumbles, Summarizing, etc. The best way to get acquainted with the language is to do as much reading as possible. 

The QA section comprises questions of 10th-level Mathematics. The questions are usually tricky and require a different approach to solving them. Hence one must be very clear with the basics. 

DI & LR section is generally tricky and difficult. One can start preparing for this section by trying to solve simple puzzles. Try to solve questions correctly and quickly.

Some entrance exams also have general knowledge and current affairs questions. The types of questions asked under this section are about national and international affairs, businesses, taglines of companies, top officials of big companies, international organizations, social issues, etc. 

One must read newspapers and news articles daily to stay updated on current affairs.

Once done with the syllabus, one must start taking mock tests. This helps one to get a taste of the type of questions that are usually asked in the exam. Taking around 20 to 25 mocks can help you perform well in the entrance exam.

One can even rely on a suitable coaching institute for preparation if one feels the need for it.

What is the Syllabus of MBA Hospital and Healthcare Management?

MBA in Hospital and Healthcare Management is a 2-year postgraduate degree course. The 2-year coursework is equally bifurcated into 4 semesters. The course curriculum incorporates various assignments, quizzes, and presentations. In some colleges, students must take up any related internship while pursuing the course.

The table given below shows the semester-wise breakup of the subjects one is required to study under the curriculum of this course.

MBA Hospital and Healthcare Management Semester I Syllabus

• Principles of Health Service Management
• Marketing Management of Hospital Services
• Organization Behavior
• Operations Research
• Organization & Administration of Supportive Services
• Cost and Management Accounting
• Disaster Management / Infection Control
• Research Methodology

MBA Hospital and Healthcare Management Semester II Syllabus

• Organization and Administration of Clinical and Super Specialty Services
• Hospital Management Information Systems (HMIS)
• Healthcare Marketing Management
• Strategic Management
• Delivery Logistics and Supply Chain Management
• Health Policy and Healthcare Services
• Materials and Equipment Management
• Marketing Management

MBA Hospital and Healthcare Management Semester III Syllabus

• Quality Assurance for Healthcare/ Hospital
• Health Economics
• Legal Framework in Healthcare Microeconomics
• NGO Management
• Health Insurance and Managed Care
• Human Biology
• Taxation and Audit
• Human Resource Management and Labor Legislation

MBA Hospital and Healthcare Management Semester IV Syllabus

• Comparative Health Systems & International Health
• Financial Accounting
• Accounting & Financial Statement Analysis
• Consumer Behavior
• Introduction to Epidemiology & Biostatistics
• Marketing Research
• Strategic Human Resource Management
• Project

What are Job Prospects and Career Options after an MBA in Hospital and Healthcare Management?

Listed below are the various career prospects and job opportunities that one can avail from pursuing an MBA in Hospital and Healthcare Management.

A candidate with an MBA in Hospital and Healthcare Management degree can work in sectors like Hospitals, Clinics, Pharmaceuticals, Healthcare Consulting firms, IT, Laboratories, Biotechnology Health Services, Government Health Agencies, Health Maintenance Organisations, Equipment Manufacturing Industry, Insurance Organisations, etc. 

Over the past years, this program has become immensely popular among students. More and more students are pursuing this course. The course offers diverse career opportunities. This further affirms the immense popularity of the course among students.

Major job profiles available to such graduates are Hospital Administrator, Healthcare Manager, Chief Executive Officer, Chief Nursing Officer, Chief Financial Officer, Compliance Officer, etc. 

Government jobs such as Lecturer / Professor and working in the healthcare industry can be taken up.

Chief Nursing Officer

Health Project Manager

Health Advisor

Hospital Quality Assurance Executive

Healthcare Management Professor

What are the Future Scopes of MBA Hospital and Healthcare Management?

Apart from seeking jobs, another option for students is to pursue higher education. MBA Hospital and Healthcare Management Scope available to students are given below:

PhD: If one wishes to continue in the same field of education, the first program of choice is a PhD or MPhil in the related discipline. It is a three-year course and the eligibility criteria include having a Master’s degree in relevant discipline. Students can pursue a Ph.D. in any of the related fields. 

Students can also participate in the Fellow Programme in Management (equivalent to PhD) conducted by all the IIMs upon completion of this course. 

Competitive examinations: Another route that postgraduates can opt to go for is to prepare for competitive examinations. Examinations that are meant for job opportunities in Government sector organizations are the most popular. Students will be able to get to the highest-paid jobs in this sector.