What are the Career Aspects ?

1.What is hospital and healthcare management?

ANSWER : MBA is a management course but an MBA in Hospital Management or Administration is a specialised course to manage hospitals and other industries that cater to healthcare. A general MBA targets subjects that deal with general management of the organisation but a specialised course like an MBA in healthcare management teaches its students courses that can be utilised in the healthcare industry. For instance if you study law in an MBA course you will be taught various aspects of the subject  but at an MBA in Healthcare Management you will learn about the laws that can be utilised in healthcare industry.

2.What are the career prospects after pursuing a course in healthcare and hospital management ?

ANSWER : The career prospects in this sector our very bright as it is an emerging field in India. People want better hospitals and as our country progresses so will the need for better healthcare institutions. Besides hospitals people can also find jobs in healthcare and medical tourism, resorts, healthcare BPOs, biotechnology firms, biochemistry firms and insurance sector. Companies like Accenture, Infosys, ICICI, HDFC etc are recruiting people who have a specialisation in healthcare management.

3.What is the present healthcare industry scenario ?

ANSWER : Healthcare is one of the fastest growing industry. According to a recent published report by the Mckinsey Global Institute, ‘The Bird of Gold’: the rise of India’s Consumer Markets, spending on healthcare will witness the highest growth rate among all spending categories over the next two decades. Healthcare grew from 4 per cent of average household income to 7 per cent in 2015, and is expected to grow to 13 per cent by 2025.

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JOB OPPORTUNITIES & PROSPECTS , WHERE CAN YOU WORK ?

JOB OPPORTUNITIES & PROSPECTS

WHERE CAN YOU WORK ?

JOB OPPORTUNITIES

Following the professional course you can avail of challenging job opportunities in medical institutes, hospitals, nursing homes and NGOs operating in the health care sector.

Over one-half of all jobs in this field are in hospitals. The remainder are in home health agencies, medical and dental laboratories, offices of dentists and other practitioners, and other health and allied services. New graduates with Master’s degrees in health services or hospital administration may start as assistant hospital administrators, or as managers of non-health departments, like finance. Post-graduate residencies and fellowships are offered by hospitals and other health facilities; these are normally staff jobs. Graduates from Master’s degree programmes also take jobs in hospitals, large group medical practices, clinics, mental health facilities, and multifacility nursing home corporations. Health service managers advance by moving into more responsible and higher paying positions such as assistant or associate administrator and finally, CEO, or by moving to larger facilities.
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HEALTHCARE  Career Opportunities:
Tens of thousands of people work in health management positions ranging from small local companies to some of the largest international organizations.

After requisite experience, administrators assume leadership positions as
– hospital CEOs,
– managed care executives,
-partners in consulting firms, and
-officers in major healthcare companies.
HEALTH  CARE  graduates are also sought after by integrated health systems, physician group practices, corporate health systems, home health agencies, hospices, public health agencies, and many others.

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JOB PORTFOLIO AFTER APPOINTMENT ( CAN BE VERY HECTIC )

JOB PORTFOLIO AFTER APPOINTMENT

( CAN BE VERY HECTIC )

One of the most important assets of any community is a hospital. A hospital is a resource for anyone needing emergency medical attention or care beyond what a physician’s office can provide. A hospital is staffed by a multitude of employees, and in such a busy, complex environment, there must be someone who can organise and coordinate all of the people and services that are required. This role is fulfilled by a hospital administrator, the person who oversees everything that goes on in a hospital.

1.Staff Hiring

• The hospital administrator is typically the person who oversees the hiring of the staff. From the janitor who sweeps the halls to the nurses who tend to patients to the supervisors who oversee the nurses, it is the hospital administrator who is ultimately responsible for employing qualified people.

2.Coordination of Business Functions

Most hospitals have a variety of business and support functions, and the hospital administrator coordinates and oversees these functions. In a small hospital, the administrator may handle these tasks directly. In a larger hospital, assistants and managers may be appointed to handle various business and support functions, but the hospital administrator will still oversee their work.

Every hospital has its own set of policies that govern employees, procedures and services offered to patients. A hospital administrator may be required to develop policies and procedures and ensure that they are followed, or he may implement policies created by a governing board or body. Short-range and long-range plans for a hospital’s development and overall growth are also usually handled, or at least supervised, by a hospital administrator.

Managing Patient Records A large part of the hospital administrator’s job concerns managing patient records. The administrator must make sure that medical histories, current health information, and billing, insurance and legal documents are all being handled appropriately. Keeping all of this information organized and up to date is an essential role that a hospital administrator must fill.

3.Business Aspects

• Hospitals are now run like small- or medium-sized businesses and involve all conventional business operations, practices and procedures. A hospital administrator has to manage the business side of the hospital to ensure smooth running of the hospital on all fronts.

  The business aspects encompass management of human resources and personnel, establishing policies and procedures, maintaining of computer systems and databases, allocation of budgets, tracking accounts and finance, and other organizational systems. He or she coordinates with professionals, staff members and other employees and assigns their duties and tasks.

4.Address Doctors’ Needs

• A hospital administrator has to interact, engage and coordinate with doctors, physicians, surgeons, nurses, health care technicians, other medical staff members and health care professionals involved with the primary care, treatment and rehabilitation of patients.

  A hospital administrator has to draw up schedules for resident doctors and allied medical staff, address their specific needs and ensure that they are able to perform their primary duties of looking after patients, professionally and ethically. A hospital administrator also coordinates with external specialists and consultants in case of emergencies and specialized operations.

5.Patients’ Medical Care and Well-Being

• The care and treatment of patients in the hospital is a major responsibility of the hospital administrator. He or she has to ensure the availability and deliverability of quality facilities and amenities for all patients. The administrator has to motivate the medical teams and allied staff members to perform their roles, tasks and functions to the best of their abilities to make the patients feel comfortable at all times. He or she takes rounds of all rooms and centers where patients are housed or recuperating and, if necessary, makes quick, informed decisions to alleviate or improve patient care.

6.Dealing with External Vendors

• A hospital administrator has to liaise with vendors, contractors, insurance firms, suppliers and other partners on a regular basis. Keeping the hospital stocked with drugs, medicines, food items, hospital equipment, systems, allied hospital gadgets and machinery is a priority item.This is a critical responsibility so as to ensure that the primary and tertiary care of patients and the specialized needs of doctors and surgeons are not compromised. The administrator has to have sound negotiation skills to draw up the right contracts, follow-up on orders and maximize purchasing power with vendors and suppliers.

7.Overseer

• Hospital administrators must oversee daily hospital operations by supervising other managers and managing budgets and financial operations.

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SALARY THAT YOU CAN GET AND THE EDUCATIONAL QUALIFICATION NEEDED

EDUCATIONAL QUALIFICATION 

All graduates from any stream are eligible for this course . BDS graduates are also Eligible for it . Its still an untapped area of jobs & many BDS & MBBS graduates are gradually trying for it .

This is a specialized courses and all those interested in working in the fast emerging sector can pursue a course in healthcare management. However, it varies from institution to institution. Some institutions offer course only to doctors while others to graduates in science and some others are open to students from all streams.

Basic Course of Study 

BLOCK V Syllabus :
Current Issues in Healthcare: Accreditation – Telehealth – Health Tourism – Health Insurance and Managed Care – Disaster Management – Hospital Wastes Management.

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SALARY & THE ADVANTAGES N DISADVANTAGES

HOW MUCH MONEY CAN YOU REALLY MAKE ?

OK after all the formal information – Lets discuss the main business point – can you make a respectable amount of salary ?

Yes if you get appointed in a reputed chain of hospitals like Apollo, Amri, Vasan etc. you can expect to get a salary in the range of 1 to 1.5 lakhs per month . Yes as mentioned above the job portfolio will be very hectic. You will be very busy and always on the toes fulfilling all the criteria.

But not every MBA graduate gets this package. MBA sector as such is over-packed with graduates from all streams. Yes for managing hospital they usually prefer Health Graduates (BDS, MDS, MBBS, MD, BPT) but its not the exclusive criteria. They prefer more the MBA graduates from reputed colleges and give them the top end salary. For students who don’t have degree from reputed colleges – salary might not be as you expected. For a salary of 8ooo to 15000 you might have to slog hard. But again with experience your market value will also increase bringing promotion & more money.

So don’t join any college hastily ! Do a thorough research and then join any college ! You can prepare and give CAT exams ! If you manage to score good percentile then you will get placed in a good MBA college and there is no looking back after that.