Included was the reason for adopting wearable technology to monitor individual’s health in real-time. Financial Express reported India’s preventive healthcare sector is expected to reach $197 billion in 2025 with a commendable compound annual growth rate of 22%. Along with the rapid-paced inventions and emerging technology in healthcare, only skilled and trained MBA Health management professionals can handle the diverse challenges the industry offers.
While using technology is essential now, reviews from healthcare management professionals are required to improve patient care. According to the India Brand Equity Foundation, the demand for Indian healthcare professionals is expected to double by 2030 on a global and national level. Henceforth, CliniLaunch introduced an MBA health management dual specialisation and an additional Postgraduate Diploma program to bridge the gap.
In this blog, to give you a blend of unique perspectives, we will be discussing the MBA health management program, its importance, specialisations, and additional postgraduate diploma programs to choose from.
Explore MBA Health Management Degree
Importance of MBA Health Management Program
Master of Business Administration Healthcare Management is a two-year postgraduate degree to groom and nurture leadership abilities in working professionals or students. You may apply for the course, if you hold a bachelor’s degree in Life Sciences, Biotechnology, Biomedical Engineering, Pharma, or MSc. Microbiology, MBBS, or other relevant disciplines.
For admission prior, you need to register for the MBA program with dual specialisation at CliniLaunch’s website in affiliation with Bangalore University. Overall, this MBA in healthcare management program aims to establish future leaders who will be in charge of managing tasks in pharmaceutical companies, hospitals, and healthcare settings or organisations.
MBA in Health Administration provides you with the management skills development needed to streamline operations. It will help you increase quality patient care, save costs, and embrace your leadership skills to be able to lead a wide array of individuals. By understanding the issues faced by healthcare systems, and the skills required for the perfect functioning of the healthcare sector.
7 Key Strategies to Balanced Work-Life with MBA in Healthcare Management Degree
MBA Health Management Graduate Quality skills
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An MBA in hospital and healthcare management will enhance your key skills including communication, knowledge of healthcare systems, problem-solving, regulations, and leadership qualities. These skills help manage operations, navigate the complexities of the healthcare industry, and lead teams. Hence, the following are the soft skills like leadership, communication, and others that you should pursue as a professional:
Leadership
Focused on key digital leadership skills, a report of DDI’s global leadership forecast reported a 4.6 times increase in high-quality leaders and talent pool where the individuals actively seek feedback from the managers within the organisations. If you are working in a healthcare setting as an associate, you can seek feedback from your managers. Thus, by pursuing an MBA health management, you will be able to possess strong leadership skills and guidance to position yourself as a leader within the organisation.
Adaptability
Mckinsey reported that employees with high adaptability are 2.5 times higher in performance and contribute to the organisation’s success. As an associate, you should be adaptable and flexible within your working environment. By adopting new care delivery models in the healthcare industry, you will be able to become a leader while implementing your strategies for the same.
Communication & Collaboration
As the healthcare industry is transforming with digital technologies, MBA health administration will help you with communication and collaboration strategies to look at. The increase in mobile apps, patient portals, telehealth, and digital communication are very common. They offer several benefits including convenience, efficiency, and improved access to communication for patient care.
However, effective communication skills will help you to collaborate with diverse teams, engage with patients and their families, and facilitate interprofessional collaboration in the working environment.
Digital Literacy
Considering Digital Fitness & Well-Being, Treatment & Care, and Online Consultations from Doctors, the revenue of digital health was $170.35 bn in 2023 and it is expected to grow by $274.93 bn in 2028 as reported by Statista. As health literacy requires the possession of different skills to mitigate unique challenges, you also have to update yourself with digital health literacy.
In the era of eHealth services, MBA Health Management programs help you to understand digital tools, data analysis & information communication technologies (ICT) to support effective and efficient healthcare delivery.
Corporate Learning and Development
According to an insight from InStride/Bain & Co., 88% c-suite executives believe in providing their employees educational access as a business strategy. A well-implemented continuous learning strategy helps you to keep up with the market trends. To excel in your healthcare career, while staying flexible in response to market trends and innovations, embrace a culture of lifelong learning.
Professionalism
The National Library of Medicine cited that promoting patient safety is the main motto to encourage professionalism and collaboration in healthcare. Better communication skills, respecting the principles of honesty, and confidentiality, and your actions are the parameters that determine your professionalism. Hold high standards of professionalism.
Pursue an MBA in hospital and healthcare management!
The Value of Specialisations in MBA
Credit: Karthik C (Graphic Designer at CliniLaunch)
Pursuing specialisation in Master of Business Administration Healthcare Management has various advantages if you know what career you want to focus on. If you have a clear plan in your mind, then an MBA specialisation can help you build more robust expertise in that field.
Suppose you aspire to become a chief marketing officer, market research analyst, or head of supply chain management. Then, an MBA with a specialisation in marketing, business analytics, or logistics & supply chain management with healthcare can make your career more attractive.
Adding an MBA specialisation, internships, and extracurricular activities will help you show the recruiters the exact set of skills they are looking for. By specialising in an area, you also have the opportunity to build relationships with individuals in your niche. While having the right connections in your niche can be of great advantage in your career post-MBA Health Management postgraduate program.
Top 5 Reasons to Pursue MBA in Healthcare Management Dual Specialization
Dual Specialisation Programs from CliniLaunch
With an MBA in Healthcare Management, you will be able to pursue another specialisation simultaneously. By pursuing two discrete areas of Master of Business Administration Healthcare Management, you will be able to focus on a career that you want to include in your resume. Here are the major areas of specialisation, and there are others that you can pursue from CliniLaunch in affiliation with A++ NAAC-accredited Bangalore University.
Healthcare Management (Major)
As a major subject in MBA, it helps you develop strategies to address all facets of business management in the context of healthcare. By learning it, you will have the ability to excel in your career while prioritising different areas. Here are some of the job profiles that are open to healthcare management graduates: Chief Executive Officer, Chief Financial Officer, Chief Nursing Officer, Compliance officer, Healthcare Manager, Hospital Manager, and other major job profiles within the healthcare sector.
Marketing Management (Specialisation)
As an in-demand specialisation, marketing management has become one of the essential skills of healthcare professionals. One who knows how to read the market trends, and make policies/agendas for the organisation. Marketing management as a specialisation is no doubt a great asset for any company. These skills will definitely taper your path to career advancement and bring a vast variety of job roles to choose from.
Business Analytics (Specialisation)
In the generation of AI making its impact on the workforce, a specialisation in the field of Business Analytics is an added advantage for you. With this knowledge, you can deliver meaningful actionable insights from the data that has been collected and organised. This takes a great deal of visualisation to convert a chunk of information into decision-making tools. IBM has foreseen the situation with great growing demand for the data scientists and advanced analysts.
Logistics & Supply Chain Management (Specialisation)
No business can sustain itself without good customer service. A specialisation in Logistics and supply chain is a very important course that equips the students on the crucial segments of the business like customer service, inventory, and warehousing. This showcases student’s real-life skills like analytical thinking and management strategies. Supply chain strategies, freight transportation, and revenue management go hand in hand as they are the interdisciplinary areas you will benefit from.
Postgraduate Diploma Programs from CliniLaunch
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PG Diploma in Clinical Research
The postgraduate diploma offers you an advanced sub-discipline of study bridging the gap between real-world healthcare improvements and scientific discovery. Along with the curriculum’s theoretical components, this program is specifically focused on teaching students and working professionals how to use their knowledge and skills in the real world.
AI & ML in Healthcare
Ready to explore how artificial intelligence and machine learning in healthcare programs can improve the experiences of healthcare providers and patient care. This program includes topics such as AI fundamentals, ethical considerations, data analysis, model development, interdisciplinary collaboration, hands-on projects, and practical applications.
Choosing the Right Additional Program
Considering a program in Clinical research or AI & ML in healthcare, you must choose one that aligns with your personal interests and career aspirations. These alignments can significantly help you enhance your learning experiences, motivation, and long-term success. Accreditations from recognised regulatory bodies are specifically crucial factors that you should consider when selecting a program.
MBA in Healthcare Management in affiliation with A++ grade NAAC accredited Bangalore University will help you to enhance your quality leadership skills in the healthcare sector. Similarly, a Postgraduate diploma in clinical research and AI & ML in healthcare from IAO, IAF, Brit Qualis, and NSDC accredited CliniLaunch helps you to ensure that it will help you initiate in the field of healthcare.
Career Opportunities with Additional Programs
With dual specialisation and postgraduate programs from CliniLaunch complements your career by accelerating your healthcare career with different roles and responsibilities. However, post-completion of the program, there are two greater aspects of earning an MBA in healthcare management – job security and flexibility. This is the possible career roadmap post-completion of the program from CliniLaunch.
Credit: Karthik C (Graphic Designer at CliniLaunch)
Conclusion
In conclusion, the pursuit of an MBA in Healthcare Management with additional programs offers a compelling pathway to a rewarding and impactful career in the healthcare industry. By equipping individuals with the essential business acumen, leadership skills, and specialised knowledge, these programs empower professionals to address the complex challenges and opportunities that lie ahead.
As the healthcare landscape continues to evolve, the demand for skilled and innovative leaders will only intensify. By investing in your education and professional development through an MBA Health Management program, you can position yourself at the forefront of this dynamic field.
Take your first step towards a fulfilling Career in Healthcare. Join this MBA in Healthcare Management Program.
Dr. Vidya Gowda
Content Creator at CliniLaunch, Shaping Therapies and bringing valuable insights into learning and developmental challenges.
