Master of Business Administration benefits a variety of different industries and

sectors like business marketing, finance, management and administration in a

health care or pharmaceutical setting. MBA has a more of business focus. With
the unprecedented growth of the healthcare industry there has been an
incredible change in the requirements of medical institutions like marketing ,
human resources, customer satisfaction , housekeeping etc. MBA in health care
allows you more latitude across industries, including related health care
companies, like medical devices. Now with more and more organizations trying
to manage costs and keep up the legislation changes, the demand for health
care management professionals is on the raise. Management in health sector is
unique. There is stability and potential with gained experience. The importance
of management skills in healthcare cannot be underestimated as hospitals and
its staff needs to be professionally maintained with proper specialised training
. There are several roles of health care managers that include staffing, planning
marketing, accounting public relations, human resource management, etc. The
primary aim of healthcare management is to ensure healthcare services in the
most cost effective manner.
The modern health care industry needs skilled and effective business leaders
with creative problem solving and leadership skills. Like leaders who will have
skills and knowledge to pursue opportunities across every aspect of health care
,including nursing administration, business development, laboratory
management, EMS services management, security, data and records,
administration, research, education, marketing, recruitment, human services
and more. MBA in health care educates health care leaders about economic
political and financial environment in which health care is delivered and to
better understand how to manage and lead organizations across health care in
the future. MBA in health care in addition also hold positions in pharmaceutical
industry, health insurance, management consulting, financial institutions, state
and federal policy agencies and several other fields.
MBA helps us learn to reduce health care costs, expand patient access to health
care and enhance the quality of services by securing the protected delivery of
health information.
For example if we take the nursing administration , in this nurses are trained for
service as executive leaders in hospitals and academic institutions. Nurses in this
track have the chance to serve with current leaders of healthcare or academic
institutions to gain the knowledge , skills and wisdom needed to lead healthcare
institutions in the future.
Health care management includes almost all domains that form parts of the
health care system and one of the important role is that of a finance manager .
The finance manager looks after everyday financial activities of hospital. They
are responsible for budgeting , financial analysis, financial planning and
reporting of the same. The financial officer often involves meeting some of the
targets set by the institute and also requires alacrity and complete knowledge
about the insurance and health care financing regulations .They are responsible
for efficient payment handling in the health care system. Similarly the medical
and health service managers are responsible for planning ,directing and
coordinating of all healthcare services provided by the company or the hospital
where they are employed. They have to ensure efficient and timely of all the
services provided by the hospital.

Challenges of healthcare management:

a. Intense work pressure
b. Changing work shifts
c. Work in a emotionally charged atmosphere
d. Very less cope for mistakes

Rewards in healthcare management:

a. One gets to meet several people from all sectoe of the society
b. High work satisfaction
c. Direct decision making powers and directly contributing towards the
growth of the institution
d. Work in a noble industry
e. Huge remuneration

The MBA in healthcare management has more of an overall business focus , with
less time spent on policy and more time spent on operations and business. “ It
means for potential leaders on the business side of health care ,such as
executive levels”. They need to know business functions like accounting , finance
etc. There is more leeway with MBA to move across industries to organizations
like insurance companies, medical device companies or other medical related
businesses or even into teaching.