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MBA in Hospital Management - Degree, Scope, Salary

15 October 2024, 10:12 pm IST

A manager in the healthcare industry is a professional who runs an organization and its various branches by driving productivity and motivation, while aligning the duties and responsibilities of employees. Hence, the role of hospital managers is to work collectively with the hospital administration to maintain coordination among departments, and to allow smooth hospital experiences for patients.

MBA in Hospital Management is a practical field of study that equips candidates with the skill sets to perform their responsibilities as hospital or healthcare managers to enjoy a successful career in this field. With rapid growth in the healthcare industry, an MBA in healthcare management is sure to steer your career toward success.

In this post, we are discussing the role of a hospital manager, its scope, salary, and other aspects.

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What is hospital management and who is a hospital manager?

What is hospital management and who is a hospital manager?

Hospital management is a field that encompasses the entire operations of a hospital including planning, organizing, and monitoring the functioning of a healthcare facility. Hospital management plays a crucial role in the healthcare sector as these professionals work in tandem with the hospital administration and medical practitioners to keep the hospital/healthcare center running smoothly, and to offer consistent quality service.

A healthcare or hospital manager is a hospital administrator who plays a significant role in supervising the overall administration of a hospital in terms of its day-to-day services. The professional is also involved in coordinating different services of the hospital, planning strategies, and finances, and a host of other responsibilities.

Unlike medical practitioners, hospital managers may not be directly involved in supporting patients admitted to the hospital. However, they ensure the availability of proper facilities to the doctors and other medical staff. This in turn helps in providing the best experience for patients getting treatment there.

What Skills are Required for the Role of Hospital Manager?

The changes in roles and responsibilities of hospital managers have caused the need for professionals to have proper training and required skills to perform their duties well. Below are some distinctive skills to boost the role of a hospital manager:

Skills to build relationships:

A hospital manager is responsible for staying in constant touch with the staff at the hospital including doctors, surgeons, nurses, and ground workers to build strong relationships with the team.  They must communicate effectively with the hospital staff and be considerate towards staff and patients.

Skills to think swiftly:

Skills to think swiftly:

A hospital manager being a crucial designation must have the ability to think and act quickly. They are entrusted with the smooth operations of the hospital. Be it a failure or a success, they are the ones at the receiver's end to bear its consequences.

Critical thinking skills:

A hospital manager must have a critical thinking capacity so that they can take care of the worst problem and find the best solutions for them.

Skills to make the right judgments:

Hospital managers should possess the ability to make the right judgments in varying situations. They must work toward improving the care and upkeep of patients and be considerate and compassionate of everyone.

Quick learning skills:

Being a rapidly growing and ever-evolving field, hospital managers are required to be quick learners and good at grabbing skills instantly.

Salary and Job Responsibilities of Hospital Manager

MBA in hospital management salary as well as the scope of growth in this industry is promising enough to attract thousands of students. It is a responsible and demanding position that deserves handsome compensation. The average salary of a fresher after completing an MBA in Hospital Management is approximately Rs 5 lakh per annum. This figure changes depending on the experience of the professional, the location of the job, as well as the company where they are recruited. Moreover, your skills and expertise in the field also is a significant factor that determines the salary package.

Salary and Job Responsibilities of Hospital Manager

Below are some key responsibilities performed by a hospital manager:

·        Ensures organizational efficiency

·        Ensures proper training of hospital staff

·        Ensures the productivity and performance of hospital staff

·        Plans budget and strategies for the hospital/healthcare facility

·        Look for loopholes, if any, and eliminate them

·        Ensuring better patient facility and satisfaction

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Conclusion

The healthcare market has undergone rapid changes to become a fast-moving industry. It demands quick action and swiftness in the actions of its stakeholders. The role of healthcare managers has, thus, evolved in the current scenario. To keep pace with the new developments, it is important to acquire certain skills and expertise. An MBA in healthcare management is the best way to equip one with the all-rounder skill sets to excel in the scope of a healthcare professional.

Those willing to take up the challenges in the role of a hospital manager can enroll in an online MBA in hospital management program offered by Amity Online University. Amity presents some incredible accredited online courses to foster the required skills among students to help them perform excellently as healthcare managers.

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Pritika

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frequently asked questions


What is an MBA in Hospital Management?

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MBA in Hospital Management is a two-year post-graduate management degree that trains students to manage a variety of roles and responsibilities in hospital operations and healthcare organizations including pharmaceutical businesses.


What are the eligibility criteria for an MBA in Hospital Management?

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To enroll for an MBA in hospital management, applicants need to be graduates in any stream with at least 50% marks in aggregate from a recognized university. Moreover, they have to clear the MBA entrance exams and fulfill other requirements to avail admission.


What is the duration of the MBA in Hospital Management program?

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An MBA in hospital or healthcare management is a two-year full-time program.


What are the key subjects covered in an MBA in Hospital Management program?

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Marketing, finance, statistics, mathematics, organizational behavior, Administration of Clinical Services, business law, accounting, economics, HR management, international business, pharmaceutical management, hospital planning, health education, and communication among others are subjects covered under hospital management program.


What career opportunities are available after completing an MBA in Hospital Management?

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Here are some opportunities available for students after completing an MBA in Hospital Management: · Health Administrator · Clinical Research Manager · Pharmaceutical Project Manager · Social Media Directors · Nursing Home Administrators · Clinical Manager · Health Information Manager


What is the MBA in Hospital Management Scope in the current job market?

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he present job market has promising avenues of work for MBAs in hospital management. The rapid rise in the healthcare industry has enhanced the demand for skilled MBA professionals to manage hospitals and healthcare companies.


What is the average salary of an MBA in Hospital Management graduate?

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The average MBA in Hospital Management salary for fresh graduates is around Rs 5 lakh, which may go up to Rs 10 lakh or beyond with experience.