With a rise in the need of professionals who can handle the diverse growing sectors across the globe, there are some new and innovative MBA programs that are gradually gaining popularity in India and abroad. MBA in Healthcare Management is one such unique professional course that is attracting several MBA aspirants. The healthcare management degree will help you to oversee the operations and services that are offered in a healthcare facility and can help you make the transition into a managerial role in the growing healthcare industry which is estimated $2.26 trillion dollars. This is one of the best courses for interested students as it offers ample opportunities in the healthcare industry.
Scope and Career Options
With MBA in healthcare management a student will develop a niche for handling health care business and related practices. With the help of healthcare management degree you can expect to develop effective communication skills along with all-round personality development. MBA in this field will help you acquire skills that can support the activities in healthcare industry and will offer classes on some notable interesting areas like healthcare system operations, public relations, healthcare planning, business and Financial management, HR functions in healthcare planning etc.
Healthcare management degree is an interesting academic path that prepares students for an exciting career options and also helps them grow on a professional and personal front. Though the work can be very demanding, healthcare management can provide a fascinating and rewarding career options in key healthcare settings, including consulting firms, clinics, hospitals, nursing homes, healthcare associations, health insurance organizations, public health departments, surgery centers, consulting firms, physicians’ offices, mental health organizations, rehabilitation centers, Universities and research centers. The concerned field will offer a lot of interesting growth prospects and stability as you gain experience.
On completion of degree, you will find endless employment opportunities in areas of marketing, IT, human resource development, medical colleges, health insurance or the pharmaceutical industry also. You will have lucrative choices to work as a health care professional, administrator, manager, hospital administrator, project manager in a pharmaceutical firm, healthcare finance manager etc. Your responsibility on holding a managerial position may involve direction, planning, facilitating daily financial operations and even supervising day-to-day operations, budgets and analysis etc.
Students who are interested in pursuing a career in health services can gain many significant benefits by augmenting their field of education with an MBA in Healthcare Management.
Emerging Trends in India
With the concept of healthcare going beyond hospitals, the healthcare industry in India has witnessed a remarkable growth in the past few years. According to India Brand Equity Foundation, Healthcare has become one of India’s largest sectors both in terms of revenue & employment and by 2020 the total industry size is expected to touch $280 billion.
The industry is growing at a tremendous pace owing to its strengthening coverage, services and increasing expenditure by public as well private players. The Union Budget 2018 has taken a big step by launching the world’s largest healthcare scheme to cover 10 Cr poor families. It is indeed heartening that 40 per cent of India’s population will be covered under an insurance scheme. Effectively this initiative which amounts to $800 billion tops even the US Medicaid program which amounts to $550 billion. Under this initiative the government will set up 1.5 lakh health facilities across the country that will help provide better healthcare facilities to people at the bottom of the pyramid.
The biggest challenge to make this flagship program a success is to create a skilled workforce which is equipped to deal with the issues pertaining to the healthcare industry. This creates the need for specialized management course in healthcare. An MBA in Healthcare Management can be an appropriate answer to this burgeoning need. The growing demand has prompted Asia-pacific Healthcare Management to offer a unique MBA program in Healthcare Management in association with RUDN, Moscow that can provide a strong foundation for professional success. Please click on the link to know about our MBA Program https://asiapacifichealthcaremanagement.org/mba-in-healthcare-management
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