Top Career Opportunities After MBA in Hospital Management

Hospital management is one such field that requires professionals who can efficiently manage and oversee all hospital operations and healthcare facilities. In some institutions, it may be referred to as healthcare management or healthcare administration. A healthcare manager has multiple responsibilities to juggle. However, in a nutshell, the core responsibility involves effective and seamless care that is offered to the patients and ensuring that they are comfortable in their healthcare facility. As a matter of fact, this not only involves one specific task but the job role demands the presence of the healthcare manager across all the domains, such as finance, human resources, patient care and much more.

You can see that there are multiple roles in a single hospital, highlighting various career prospects after MBA in healthcare management lying in front of you. Healthcare is one sector that never goes out of business. Moreover, the salary for jobs after hospital management generally ranges from INR 8 to 15 LPA, depending upon your role, experience and institution. For someone who wishes to enter this field of management, it is definitely filled with multiple lucrative opportunities; let’s take a look.

Career Prospects After MBA in Healthcare Management

If you are struggling with the question, what can I do after an MBA in hospital management, here are some career prospects to consider after MBA in healthcare management.

1. Pharmaceutical Project Manager:

The job of a pharmaceutical manager involves the supervision of the new drugs that are developed, as well as making sure that they are launched well in the market for their consumption. Before the drug is officially out for people to consume, it is necessary to deeply examine the side effects that the drug may cause.

Since this job involves the launch of these drugs, it also includes the medication promotion programmes that begin with the clinical trials. These trials are crucial in indicating any possible loopholes in its aftereffect.

The other responsibilities of a pharmaceutical manager include:

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  Conducting a market penetration survey
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  Reviewing the investments

Mostly, pharmaceutical managers are expected to have a background in science and management and an additional degree in a scientific subject.

Average Salary: INR 11 to 17 LPA

2. Health Administrator

People who work as health administrators are responsible for ordering supplies and organising the schedules. Health administrators are basically responsible for planning, directing, and coordinating the healthcare providers’ business activities. They own an associate degree in health administration usually and are also involved in the management of medical software for purposes such as:

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  Patient Billing
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  Patient Records
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  Miscellaneous management responsibilities

Average Salary: INR 6.6 to 13 LPA

3. Clinical Research Manager

A clinical research manager is responsible for managing clinical research operations, studying quality management, fiscal oversight, regulatory compliance and personnel management. They are also responsible for taking charge of managing the government funding that is processed for clinical studies. Candidates who wish to pursue this career are expected to be proficient in financial management and budget planning.

The following are the roles and responsibilities of a clinical research manager:

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  Work on the clinical trial protocols and design them
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  Plan the study timelines and budgets, and implement them in a timely manner
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  Keep in touch with the key stakeholders to ensure that the regulatory and scientific requirements are also met

Average Salary: INR 6 to INR 11.4 LPA

4. Claims Manager

A claims manager in hospital management is usually responsible for overseeing the process of insurance claims to make sure that the hospital can manage the resources and payments in a timely manner. The claims manager has to coordinate with the insurance companies, the healthcare providers and the patients. Additionally, they need to address any doubts that may arise.

The following are the roles and responsibilities of a claims manager:

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  Ensure that the insurance claims are submitted on time and are properly processed
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  Analyse the claims data to look for any possible areas of improvement
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  Assist patients in case they find it difficult to figure out their claims and documentation

Average Salary: INR 5.8 to 12 LPA

5. Long-Term Care Facility Manager

In hospital management, an individual who looks after all the operations and the overall management of the long-term care facilities such as the nursing homes is their Long-Term Care Facility Manager. These are the facilities that serve the patients for a long period of time and need to be maintained with high-quality care so that the regulations and standards are met. This also includes the management of the staff, ensuring the patients are looked after and the stability of the facility remains intact.

The following are the roles and responsibilities of a long-term care facility manager:

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  Recruit the appropriate people for these jobs and train them
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  Oversee the budget of the facility and manage its financial aspects in the long run
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  Look after the maintenance of care facilities to offer a clean and healthy environment for patient recovery
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  Adhere to the guidelines and standards set to ensure no compromise with facilities and patient care

6. Health Policy Analyst

A health policy analyst is responsible for the evaluation, development and implementation of the policies that concern the healthcare services and their delivery within the health facilities. They analyse the data and the current policies so that they can make improvements with respect to patient care, operations and regulatory requirements. As a result, their job role is highly work-intensive as they have to go through multiple sources of information and gather extensive research data.

The following are the roles and responsibilities of a health policy analyst:

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  Coordinate with the stakeholders to ensure that the policies of the health facilities are in place and followed without fail
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  Conduct extensive research on the current data and policies to align them with the standards set by regulatory bodies
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  Develop new policies and procedures that enhance the delivery and operations of the hospital for improved patient access

Average Salary: INR 4 to 10 LPA

7. Healthcare Consultant

In hospital management, the role of a healthcare consultant involves giving expert advice to healthcare facilities in order to improve their efficiency, increase their profit margins, and improve their services. This role is similar to that of a financial consultant or a regular consultant in other industries who has the expertise to advise their clients in order to boost their business. The process of improvement begins by identifying the areas where the facility needs improvement, after which they develop the strategies that help them refine their services.

The following are the roles and responsibilities of a healthcare consultant:

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  Analyse Healthcare Systems: Healthcare consultants analyse the healthcare facilities and their systems, practices, and policies. This gives them an idea about where they need improvement.
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  Develop Improvement Strategies: After identifying the loopholes, they devise strategies that will perfectly solve the problem or improve the services.
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  Compliance and Regulation: All healthcare facilities are answerable to the regulatory bodies as they have to adhere to their guidelines. The consultants ensure that the healthcare organisations are not involved in any malpractices while also keeping up with the rules and regulations.

Average Salary: INR 8.4 to 20 LPA

8. Health Financial Manager

A health financial manager, as the name suggests, is a manager who deals with the financial factors of a healthcare organisation. This involves looking into the budgets, financial planning of the organisation, billing and the entire accounting process to ensure financial stability in the long run.

The following are the roles and responsibilities of a health financial manager:

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  Financial Planning and Budgeting: A health financial manager has to develop and manage all the budgets while also predicting any possible financial needs that may have to be met in future, and plan their resource allocation more effectively.
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  Revenue Cycle Supervision: This role involves the process of billing and coding to ensure that the revenue generation is not compromised.
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  Financial Reporting and Analysis: A healthcare financial manager also drafts the reports, after the analysis of the financial data and then provides any assistance that might be required during the final decision-making.

Average Salary: INR 8 to 23 LPA

9. Health Information Manager

A healthcare information manager is primarily responsible for managing and overseeing all the data related to healthcare and maintaining the information systems. They also have to ensure that there is accuracy, and security with the records of the patient and their healthcare information remains confidential.

The following are the roles and responsibilities of a health information manager:

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  Data Management: The healthcare information manager oversees the storage and retrieval of the healthcare data. This includes the data of the facility and the patients and manages the security of that information.
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  System Implementation and Maintenance: This responsibility involves implementing and maintaining the health information system, such as the electronic health records or the EHRs.
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  Compliance and Privacy: This is the supervision of whether the healthcare standards are met or not by the facility, as well as maintaining the patient’s record with utmost privacy.

Average Salary: INR 9.2 to 11.5 LPA

Job After Hospital Management Salary

Here is a list of professions and pay scale after MBA in Hospital Management. These insights are not fixed and may vary depending on the individual’s job performance, educational qualifications, work experience, and skill set.

Career After MBA in Hospital Management: Top Recruiters

A hospital is not simply managed by doctors and frontline workers but also by healthcare managers who are responsible for overseeing the overall smooth administration of the hospital and its patients. Here are some of the recruiters who offer lucrative job opportunities in this field.

Government Jobs After MBA in Hospital Management

In India, most people prefer government jobs, be it in any sector. If you are one of them, here are the job roles and government departments offering hospital management jobs. However, keep in mind that for government jobs, you may have to appear for an exam or interview.

Government Job Roles After Hospital Management

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  Health Systems Administrator
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  Medical Records Administrator
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  Public Health Manager
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  Consumer Safety Advisor
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  Public Health Advisor

Government Departments: 

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  Directorate of Health Services
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  Central Drug Research Institute
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  Government Hospitals
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  Dispensary

Top Colleges Offering MBA in Hospital Management

Here is the list of top universities offering an MBA degree in hospital management specialisation.

Top Colleges for Regular MBA in Hospital Management:

Top Colleges for Online MBA in Hospital Management:

Conclusion: Final Words

As a profession, medicine or healthcare has always been in demand. Students take an interest in these career opportunities primarily for growth and high return on investment. If you wish to consider the career prospects after MBA in hospital management, you must research the options available to you and make an informed decision with respect to the job role, working conditions, working hours, salary, and other related important information. All the best!