Career opportunities after an MBA in Healthcare & Hospital Management

Are you pursuing an MBA in Healthcare & Hospital Management or looking for MBA admissions? Check out this article to learn about the career opportunities after an MBA in Healthcare & Hospital Management.

It doesn't take an expert to state that pretty much every person would find it in their best interests to secure their career prospects for the long term. After all, no person would be satisfied with a job that overworks and underpays them. Thus, it becomes the need of the hour to ensure that a person chooses the best course of action that can be taken to attain relevant and eminent educational qualifications. This will help them become a prominent player in the field of their choice and break into highly promising verticals.

One such vertical that every professional wants to break into has to be the healthcare industry. We say this because the sheer number of opportunities present in this industry is nothing short of staggering. Managerial roles have become all the more critical in this industry as well, and one of the best ways to break into this vertical is through an MBA in Healthcare & Hospital Management, provided by institutes like ICRI. To illustrate this point, here are some of the many career opportunities that can open up after an attaining this degree.

MBA Healthcare & Hospital Management

Medical Manager

Doing an MBA in Healthcare & Hospital Management will pave the way for you to become a successful medical manager. This role entails that you supervise the medical processes being conducted in a professional environment, identify pain points that might be impacting the provision of services, and optimise functions in your respective department when there's room for improvement.

Medical Diagnostic Professional

Identifying symptoms is one of the most crucial tasks in the medical field, paving the path for every other process that needs to be carried out. Thus, it becomes the need of the hour to ensure that little to no problems come in the way of diagnosing these medical conditions. As a medical diagnostic professional, you will utilise the knowledge gained over the course of your education and combine it with real-world insights to become a stalwart professional in this field.

Health Insurance & Third-Party Administrator

Health insurance and other such medical third-party organisations also have their fair share of complex processes that need to be kept in check. After an MBA course in Healthcare & Hospital Management, one can engage in these administrative duties and ensure that these organisations face little to no problems during their functioning.

Medical Management Consulting

Management in the medical industry is no easy feat. Balance sheets and resources aren't the only things one is responsible for – people are also responsible for lives. Thus, medical consultation services are reaching an all-time high, and you can break into this field with the knowledge that you've gained through both theoretical and practical avenues.

Medical Tourism Professional

India is known as a hub for cost-effective medical treatments, with people from all over the world finding it more feasible to have their operations carried out in this country. This has led to the growing importance of medical tourism professionals to populate the industry and provide their unique insights to deliver an outstanding medical experience while also accounting for any issues that might arise when it comes to the culture, language, travel coordination, and any legal or privacy concerns that might arise.

The career verticals mentioned above are just a few of the many career paths that open up after an MBA in Healthcare & Hospital Management. With reliable new-age institutes like ICRI providing this degree, it's evident that one's career prospects will be substantially enhanced with this educational qualification.

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Author: Natarajan14 Jun 2019 Member Level: Gold   Points : 15

A wonderful article on the career options in Healthcare and hospital management.

The Indian healthcare scene is undergoing tremendous changes with issues of apparent overpricing, skyrocketing expenses of medical devices and running of high tech hospitals. The public image of private hospital chains is one that hospitals are money minded and keep profits in mind instead of patient care.

The new breed of Hospital managers needs to be dynamic, assertive and have the ability to troubleshoot and think on their feet to run hospitals in this current environment. An MBA from a reputed university and hands-on experience in the hospital administration for a little while would go a long way for one to have a successful career as Medical Manager. There are various terms General Manager, Chief operations officer, CEO etc used for a person who heads the hospital managerial division.

As a manager, one needs to have an eye on numbers, the various benchmark performance indicators in each and every department that caters to the efficient running of the hospital. As a hospital manager with an MBA background, you need to focus on the business aspects of the hospital with respect to overheads, earnings, staff remuneration, etc.

While doing the MBA, a potential hospital manager should also attend courses on Hospital risk management, governance, fire and disaster management etc. This would add to the resume and earn extra points while applying for jobs.

The health insurance wing is one of the crucial departments because a major chunk of the hospital revenue is based on patients who have insurance claims. A manager who is well versed with the TPAs, insurance schemes, payout percentages, etc will be liked by the smaller hospitals.

Medical and dental tourism is a big revenue generator in the Indian healthcare sector. With an MBA and hospital administration, one needs to aim at a seamless service from the point a potential patient contacts the hospital to the final discharge and outward flight of the patient. As a manager one needs to have some basic knowledge of visa regulations, functioning of healthcare facilitators, quick turn over time from consultation to treatment and payment options for international patients.

In short, the new medical managers in the Indian healthcare industry need to be versatile and be able to ensure the smooth function of the hospital, while constantly working to improve the efficiency, brand image, and patient satisfaction.

Author: Natarajan28 Jun 2019 Member Level: Gold   Points : 2

Mr.Umesh, I think, you have wrongly posted your views (about student's taking extreme steps) under this MBA article.

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