Top 5 Reasons to Pursue MBA in Healthcare Management Dual Specialization

In terms of employment and revenue, the healthcare sector is one of the largest sectors in india. The healthcare sector in India has become one of the largest sectors in terms of employment and revenue. According to the International Trade Administration, the Indian Healthcare industry reached above $370 billion in 2022. 

Meanwhile, in the context of healthcare, a report from economic times shows that it is poised for substantial growth and the expectations of hiring managers for the healthcare sector is increasing by 15 to 20 percent during 2024-2025. 

“The MBA in Healthcare Management Dual Specialization is a two-year post-graduate degree for you to manage a variety of operations in the healthcare and pharmaceutical companies effectively. Enroll for Master of Business Administration in Healthcare Management.”

– CliniLaunch Research Institute

An increase in demand for superior healthcare facilities, change in health awareness & policies, aging population, and the growing consciousness towards preventive healthcare played major contributing factors that offered expansion of the healthcare industry. 

What is an MBA in Healthcare Management dual Specialization at CliniLaunch?

An MBA in Healthcare Management from CliniLaunch in affiliation with Bangalore University is to help you earn a dual specialization in healthcare management & Marketing or Business Analytics or Logistics & Supply Chain Management. 

The key difference here in comparison with other institutions is dual specialization. With this dual specialization in MBA in Healthcare Management, you will be a sought after candidate for the employers want in the healthcare industry. 

An MBA in Healthcare Management Dual Specialization concentration may be a good fit, if you: 

• Are already working in a healthcare setting. 
• Want to upgrade your career with new roles and responsibilities. 
• Lookout for an entry point and want to gain access to numerous organizations
• Have a passion to improve your healthcare leadership skills. 
• Want a logical progression from a healthcare management bachelor’s degree.
• Want more than just a business degree. 

If it fits your career goals for a leadership in administration or you have additional reasons to seek MBA in Healthcare Management with dual specialization, take a look at these five benefits why this could be a great choice for you.

5 Benefits of an MBA in Healthcare Management

Learning effective leadership in healthcare provides students with various opportunities to develop healthcare management leadership traits, critical thinking abilities, problem-solving, and communication skills. These upskilling in healthcare are the most valuable asset as a student to thrive in the field of healthcare and other domains. Earning an MBA in healthcare management with dual specialization has many benefits.

Career Advancement Opportunities

Nowadays, there are plenty of job opportunities that you can explore in the field of healthcare management, which requires leadership skills to obtain management roles. According to Glassdoor and AmbitionBox, these are some of the sought-after jobs after MBA in Healthcare Management including job titles and average salary. 

Higher Earning Potential

A master of business administration in healthcare management degree means an increase in salary expectations. In the context of medical healthcare and service managers, the US Bureau of Labor Statistics suggests that they earn a median salary of $110,680 per annum. Some highest-paid workers in the field make an average of around $128,740/annum working with public and private hospitals.

In the government sector, professionals earn a median salary of $125,590 pa, while working in outpatient care facilities they earn $104,710 pa. In the context of medical and health services managers, working in doctors’ offices and nursing or residential care facilities with respect to a median salary $102,360 and $97,490 pa. 

In comparison to these, the top 10% of healthcare management professionals in this field earn more than $216,750 per annum. 

Logical Progression with PGD in Clinical Research or AI & ML

Providing experiential learning opportunities to students with a bachelor’s degree, MBA in Healthcare Management helps to step up in the game. CliniLaunch offers a cross functional PG Diploma in clinical research or AI & ML in Healthcare to help students choose one core area.

The Master of Business Administration in Healthcare Management with dual specialization and a PG diploma program is complementing each other. It is meant for students who already have some experience in a healthcare settings or have some education in management or administration. With a logical progression, you can get into leadership roles and see yourself moving forward in the management domain. 

To know more, visit MBA in Healthcare Management- Dual Specialization.

Entry Point to Healthcare Leadership Skills

Do you want to pursue an MBA healthcare management dual specialization to become a leader in the healthcare industry? Earning it will help you reach far beyond your personal career goals. Landing a job with it will help you make a difference in the healthcare industry, it could be a great choice for you. 

By being a healthcare manager, you will be able to make decisions about healthcare operations, insurance, and other aspects. Your decisions can have a long-lasting impact on the lives of thousands of patients. With your leadership in healthcare management, you may find yourself implementing changes or making improvements that save lives. 

Therefore, equipping yourself with the right skill sets to work in your preferred medical care setting to stand making a difference. Earning your MBA Healthcare Management with dual specialization to step yourself up to managerial positions requires expertise, passion and empathy. 

In-depth Understanding of healthcare policies and regulations

Studying MBA in Healthcare Management-dual specialization from CliniLaunch equips you with a solid foundation in business administration. This may include development of skill sets in healthcare with marketing management or business analytics or logistics & supply chain management. 

These are vital skills to address unique challenges that may occur in a healthcare setting. Through overall coursework and specialized modules with a focus on healthcare management, the course enables students to gain in-depth understanding of healthcare, its policies and regulations. 

These skill sets and knowledge are crucial for making informed decisions that may impact overall organization’s success with analytical, marketing & logistics efficiency and patient care. 

Course Curriculum- MBA in Healthcare Management

Course Objectives

• To impart a strong foundation in business management principles, including logistics and supply chain management, marketing, and business analytics with a focus on their application in the healthcare sector. 
• To develop a deep understanding of the healthcare industry, its ecosystem, policies, regulations, and emerging trends. 
• To provide specialized knowledge and skills in either Clinical Research or AI & ML to address critical healthcare challenges. 
• To enhance problem-solving, decision-making, and leadership abilities to effectively manage healthcare organizations. 
• To foster a research-oriented mindset and encourage the application of evidence-based practices in healthcare. 
• To prepare graduates for leadership roles in hospitals, pharmaceutical companies, healthcare IT, consulting firms, and research institutions.

Course Highlights

• MBA in Healthcare Management dual specialization is a 2 year postgraduate program for executives and/or students. 
• Offline classes for the MBA program shall be conducted on weekends in our Bangalore Center. 
• Post completion of Semester II, students need to choose one specialization (Marketing or Logistics & Supply Chain Management or Business Analytics) offered by Bangalore University Dual Specialization program. 
• Students need to choose one specialization before the commencement of Semester III. 
• In between Semester II and III, with the commencement of a program, students shall have to choose one post graduate diploma program (Clinical Research or AI & ML in Healthcare) from CliniLaunch. 
• This Postgraduate diploma program shall be conducted online and/or offline on weekdays from Monday to Friday. 

Why MBA In Healthcare Management From CliniLaunch?

With dual specialization, CliniLaunch’s MBA offers effective leadership in healthcare combining academic flair. By pursuing this MBA in healthcare, you will excel with real-world experience while positioning yourself as a thought leader in your chosen field. Find out more below. 

Eligibility Criteria

If a master of business administration in healthcare management with duals specialization sounds like a good fit for you, find out if you are eligible for CliniLaunch’s MBA program. 

CliniLaunch welcomes applications from aspirants who are:

Undergraduates or graduates with a background in

• Life Sciences
• Biotechnology
• Biomedical Engineering
• MBBS
• MSc.Microbiology
• Chemistry, etc. 

Note: Those candidates who are in their final year or semester of their Bachelor’s program are also eligible for the course.

Career Paths Post MBA Graduation

With dual specialization and premier postgraduate diploma programs from CliniLaunch that complements your career by accelerating your healthcare career with different roles and responsibilities. However, after completion of the course, there are two of the greatest aspects of earning a MBA in Healthcare Management- job security and flexibility. Presenting possible career paths post course completion below. 

Challenges and Opportunities in Healthcare Management

The grappling challenges in the healthcare industry includes, escalation costs driven by technological advancements, an aging population with increased chronic disease burden, and a shortage of healthcare professionals. A rise in costs exerts pressure on both providers and patients and it also necessitates a delicate balance between financial stability and quality care. While the aging population presents a unique demand of healthcare professionals, it also requires a shift towards preventing care, chronic disease management, and geriatric-focused services. 

If you know the emerging trends like digital health and telemedicine, you can offer a promising avenue addressing these challenges. According to mobilehealthnews.com, digital health technologies, encompassing wearables, mobile applications, and remote monitoring devices are enabling proactive patient care, disease prevention, and improved health outcomes. 

In the context of Healthcare Value Hub, telemedicine expands access to healthcare services i.e., particularly in rural and underserved areas, while reducing costs associated with in-person visits. These emerging trends require robust data management capabilities and digital infrastructure as it emphasizes the role of logistics & supply chain management ensuring seamless operations. 

Furthermore, the development of emerging trends also complements the integration of AI & ML in healthcare. In the context of mobile health news, artificial intelligence and machine learning in healthcare holds diagnostic potential, drug discovery, and personalized treatment plans, driving efficiency and accuracy. 

While navigating the complexities in the industry as a healthcare manager, your leadership plays a crucial role in making informed decisions to optimize resource allocation, operational efficiency and enhancement of patient experiences. 

Marketing management principles become essential for effectively communicating the value of digital health services, building patient trust, and managing healthcare brand reputation. A deep understanding of business analytics empowers healthcare managers to uncover actionable insights, measure performance, and drive data-driven decision-making. 

By embracing these emerging trends and leveraging your management expertise as a healthcare leader, you can contribute to a more sustainable, accessible, and patient-centric healthcare system. 

Conclusion

If you are seeking a leadership role in the healthcare field, an MBA in Healthcare Management with dual specialization is a valuable degree. Explore more about MBA Healthcare Management if it is a good fit for your interests and career goals in affiliation with Bangalore University. Ready to take the next step, fill up the form below and earn your healthcare management leadership traits from CliniLaunch’s MBA in Healthcare Management Program.