• Healthcare Administration vs. Healthcare Management

    • March 14, 2018
    • Posted By : admin
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    • Masters of Healthcare Administration MBA Healthcare Management MBA in Healthcare Management

    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.

    Core competencies:

    • Healthcare administrators’ major competencies include comparing the major settings for, and types of, healthcare services, including individual and population health, and payers.
    • They use organizational behavior concepts to resolve issues and make decisions in the day-to-day management of healthcare firms.
    • They are solely responsible for explaining the roles of, and relationship between, electronic medical records and financial data systems for clinical and strategic decision-making.
    • They will analyze the effects of health policy on providers, payers and diverse populations.

    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.

    Core competencies:

    • Healthcare managers’ major competencies include designing and analyzing business, financial and marketing strategies.
    • They oversee business and operational aspects of a healthcare or medical facility, maintaining the financial integrity of the firm. They assess financial risk and manage assets of the company by collecting and interpreting financial data.
    • They are responsible for recruiting and training facility staff members and also oversee facility staff to insure quality patient care in the healthcare facility.
    • They are liable to evaluate and revise business plans.
    • They need to coordinate with physicians and others to boost profits and enforce organizational policies and procedures in a healthcare system

    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 admissions@asiapacifichealthcaremanagement.org

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