Executive MBA in Healthcare Management: Complete Guide

In the present times, one can only excel in their line of work if they have the right skill set and expertise in the current changing market scenario. Unlike in the past, a degree alone today is not sufficient to secure a job. A person should be skilled, be able to handle projects, and have the expertise to catch up with deadlines. Even professionals with work experience go for a degree like an MBA to provide themselves a career boost, given how an MBA teaches the learner the managerial skills needed to work in the industry today.

MBA or Master of Business Administration is a two-year degree course that teaches the learners about management and working in a business/firm/office. Digital learning has paved the way for different modes of learning. Today, an MBA can be pursued either through distance mode or online mode. There are also executive MBAs that are specially designed for professionals who pursue jobs full-time. They can either attend classes during their spare time or during the weekends.

Since Executive MBAs provide more liberty and flexibility to the professionals wanting to learn about managerial skills and expertise, it can be pursued from an institute offering it, usually between 2 and 4 years. Executive MBAs are offered in multiple specialisations, one of them being Healthcare Management. The EMBA in Healthcare Management course has gained immense popularity in the past few years. It is a booming industry with multiple job opportunities.

Healthcare Management: All-Time Favourite

The Healthcare industry is an evergreen field and it always needs the best of the professionals to help cater to the needy people and to handle the healthcare facilities and administration. Anyone who is interested in joining the Healthcare industry and working in the Healthcare Management field can apply for an Executive MBA with this specialisation. After completing their management degree, graduates can pursue various sectors within the Healthcare industry.

The EMBA in Healthcare Management teaches the learners about the Healthcare industry, and helps them understand the goals and the requirements of this particular industry. There are both private and public sectors in which the learners can go for work after completing their EMBA. Usually, the professionals who already have prior job experience take on higher roles like managers or supervisors in the healthcare sector after their executive MBA.

Why is an Executive MBA in Healthcare Management a Good Option?

As already discussed, the healthcare industry is an evergreen and booming field. Healthcare is a public service profession, essential to the society and one of the most important industries since it directly impacts each individual. Healthcare management goes way beyond just working in hospitals.

Someone who has worked for a few years in healthcare also has to stay updated with the changing trends and new developments in the sector. A professional who is interested in learning more about the external or internal systems of the health sector can pursue an executive MBA in this field. Healthcare management may appeal to those interested in working in hospital management, pharmaceutical sectors, insurance agencies, research work, healthcare consultancy, etc.

Healthcare management specialists tackle various critical management problems faced by healthcare sectors on a daily basis. If one has any experience related to hospitals or healthcare or any work related to it, an Executive MBA might interest you, as it also will align with your existing experience and knowledge. If you are interested in this healthcare aspect of management, you should definitely apply for this course.

Why Go for an Executive MBA in Healthcare Management?

There are several advantages and perks as to why an executive MBA in Healthcare management can be a career-changing option for you. Of course, working in the health industry can be the right profession for you for several reasons, including different job profiles, the chance to help people, and the opportunity to take on higher administrative roles.

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  One-of-a-kind field of work with multifaceted job opportunities
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  Booming industry with increasing employment rates
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  Good pay scale for professionals working in the industry
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  Endless career prospects
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  Sense of job gratification

Related: Top Executive MBA Specialisations in India

Career Opportunities after Executive MBA in Healthcare

An Executive MBA in healthcare management opens the door to high-level financial professional opportunities for experienced working executives. The table below has various jobs offered in healthcare industries, their roles and responsibilities, along with their estimated salary range for professionals.

1. Health Administrator

You can professionally take on the role of a health administrator after doing an MBA in healthcare management. Your role as a healthcare administrator includes:

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  Ordering, maintaining, and rightly using the supplies and organising different schedules for different health-related daily drives
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  Maintaining proper records of patients, attending doctors, attending staff, etc.
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  Using the medical software to the best of its purposes and evolving a highly skilful management system in your healthcare space

2. Research Manager

As a research manager,your primary role includes:

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  Running ongoing research smoothly without any interference
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  Storing related databases for any further users
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  Handling and raising government incentives for ongoing research purposes
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  Prepare, maintain, and update the budget plan for the ongoing research
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  Refer back to the previous research, the financial demands of that research, the success ratios, etc.

3. Media Directors

As a media director, your role involves:

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  Handling the advertising, public relations, and marketing of the industry
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  Handling database-related planning, data and stats
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  Navigating through different changing healthcare trends
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  Making people more aware about their health, the precautions to be taken, self-help activities to improve their health, etc.

4. Clinical Managers

Clinical managers are involved in:

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  Running clinical trials at pharmaceutical companies
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  The process of coming up with remedies for life-threatening diseases
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  Working in different healthcare departments like radiography, sonography, diagnostic departments, etc.

5. Health Information Manager

A health information manager has the following roles:

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  Keeps the electronic medical records of patients safe
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  Collaborates with IT experts and tech experts to generate databases of patients’ medical history
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  Check the data and verify it for its accuracy and accessibility
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  Deal with any database-related issues to maintain consistency in the record base
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  Maintain confidentiality in each patient’s case

*Please note that the salary figures are based on data driven by AmbitionBox and Glassdoor. Know that these are ballpark ranges, and the salary figures may vary depending on industry, location, type of organisation, experience, skills, additional qualifications, and other factors.

Syllabus of Executive MBA in Healthcare

The curriculum of an executive MBA in Healthcare Management is designed by experts with intensive industrial knowledge to cater to the developing needs of working executives and stay updated with the new demands and trends of the healthcare industry. The course is the perfect blend of theoretical and practical elements, equipping learners with the relevant skills and knowledge.

Here, you can see the example of the semester-wise subjects list of the executive MBA in the healthcare management syllabus.

Top Institutes Offering Executive MBA in Healthcare Management

An executive MBA in healthcare industry courses upgrades the managerial skills and knowledge of an executive healthcare professional, opening doors to professional opportunities across various domains and offering endless career growth for skilled Listed below are some of the most esteemed executive MBA colleges in India offering programmes in the healthcare industry.

Eligibility for Executive MBA in Healthcare Management

An applicant needs to have an aggregate of at least 45% or more during the graduation degree. (The benchmark of the minimum aggregate requirement may change depending upon the institute you are applying to). A minimum of 2-5 years’ experience is generally required for an executive MBA for the healthcare management specialisation.

Executive MBA in Healthcare Management Admission Process

For admission into the MBA programmes at the institute of your choice, you can simply complete the admission process from the comfort of your home without any hassle through online mode in a few easy steps. Check out the various steps involved in the admissions process for an executive MBA. 

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  Register at the official website of the institute of your choice.
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  Submit all the required documents, like proof of identity, education documents, work experience, certificates, etc.
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  At times, an applicant may also need to submit a no-objection certificate from the workplace they are currently working at.
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  After the verification process, the applicant needs to pay the fee and complete any other formality.
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  You shall receive the admission notification in your e-mail ID.

Takeaway

An executive MBA provides experienced professionals with industry-related domain expertise and enhances their relevant skills and knowledge, too, without interrupting their work schedule. An EMBA in healthcare management is one of the most pursued specialisations, as it is an evergreen industry working to serve the people each hour, each day. 

Therefore, the healthcare industry always offers professionals numerous opportunities every step of the way. Since this industry also witnesses new developments and technological impacts, for people looking to upgrade their managerial or executive role or gain new industrial knowledge, an executive MBA can be a highly career-benefiting option.