According to India Brand Equity Foundation, the total healthcare industry size is expected to touch $280 billion by 2020.
Technology advancement, the rise in consumerism and the diversified ways healthcare is delivered have changed healthcare industry in our country. And this has eventually brought about huge changes in the way healthcare is administered and managed. These major changes have also deeply affected the way healthcare employers hire manpower. For a layman, both healthcare management and healthcare administration may sound like similar terms. In fact, many universities and colleges also reciprocate both these terms to refer to their healthcare degree programs. However, there are very significant differences between an MBA in Healthcare Management and Masters of Healthcare Administration program. While both these terms deal with healthcare, they both have distinct characteristics, specific educational requirements and career paths.
Masters of Healthcare Administration (MHA)
Master of Health Administration is a program designed to develop health care leaders for a rapidly changing world and for people coming from a health care or practitioner background. Traditionally graduates from a medical background like MBBS, BDS, AYUSH have been undertaking MHA programs.
The program prepares a diverse group of people to become future managers and attain leadership positions within healthcare provider organizations. Healthcare administration involves effective management of patient care, improving client experience and managing of hospital records and filing system. The program promotes exceptional analytical and communication skills in a student, foster innovation and strong commitment to community service. Healthcare administrators may also be involved in the organization and development of health care policies.
Curriculum: the curriculum is limited to hospital operations, quality and accreditation, hospital facility management etc.
MBA Healthcare Management
An MBA in Health Care Management is a program which focuses on overall business in healthcare or medical facility, with its core business courses covering skills transferrable to any industry, including analytics, accounting, leadership and finance. The degree will help you earn deep understanding of the structural and administrative elements of the healthcare system. The specialization will prove to be a transition degree for someone who doesn’t have a healthcare background. Healthcare managers are primarily business people and not typically medical practitioners.
Curriculum: the curriculum includes all hospital related services, including universal healthcare, healthcare technology, public health, health insurance and TPA`s, Healthcare, NGOs, Healthcare service planning and management etc.
For those interested in an MBA in Healthcare Management, RUDN University, Moscow, and Asia-Pacific Healthcare Management have brought together an innovative MBA course in healthcare. For more information, call our counselors at 8800365959 or email at email@example.com