Healthcare is one of the developing industries nationwide and across the globe. There will be a rise in 18% of the jobs in the healthcare sector between 2020 to 2028. An MBA in healthcare management will give you promising career growth and boost your earning potential. It is a two-year online degree program at DY Patil University, one of the renowned names in higher education. 

What is an MBA in Healthcare and Hospital Management?

Hospital management is essential for the smooth functioning of the healthcare industry. The branch deals with the management of healthcare sectors, hospitals, public health systems, or other medical facilities to ease the system and provide the best services to their patients. An MBA in healthcare & hospital administration is a two-year postgraduate degree program for working professionals that can enhance their knowledge essential for the successful running of a hospital. The degree also imparts decision-making abilities, problem-solving approach and leadership skills to provide additional benefits to the healthcare system.

Is DY Patil’s Online MBA in Healthcare and Hospital Management Worth it?

DY Patil Vidyapeeth Pune is a prestigious university that provides online MBA in more than 15 specializations with industry-relevant curricula designed by experts. The key highlights of the program are as follows:

1. The university is recognised by UIGC & AICTE. It has earned a grade “A+” accreditation by NAAC for its high-quality education.
2. DPU-COL ranked among the top 50 universities in India by the NIRF ranking framework 2024.
3. The university has collaborated with Edx, an international certification platform providing you with the additional benefits to earn an international certificate from top universities.
4. DY Patil Online has been awarded with numerous prestigious awards in recent years for its online MBA program.
5. The program focuses on understanding the structure and functioning of healthcare systems, including policy-making, regulatory environments, and the impact of government regulations on healthcare management.

Benefits of DY Patil Online MBA in Healthcare and Hospital Management 

An online MBA in Healthcare and Hospital Management has the following key advantages for healthcare professionals:

1. Study From The Comfort Of Your Home

The flexible and convenient learning environment for the DY Patil online MBA program allows the learners to learn from the comfort of their homes anytime, anywhere. The easily accessible LMS on Android, laptop and other devices allows you to access study materials, recorded lectures, and a digital library. 

By opting for the online MBA from DY Patil you can easily manage your work, life and study balance without compromising with anyone. 

2. Practical Enhancement of Knowledge

When you pursue an online MBA with your current job role you can easily apply what you learnt to the course to your organization and see what are its consequences. It helps you gain practical knowledge in the real-time business world and its implications too.

3. Networking Opportunities

The Online MBA batch at DY Patil is composed of diverse students from different backgrounds. It provides you with the opportunity to form a professional network essential for career advancement. Furthermore, the university has 1,00,000+ alumni networking where you can get more opportunities for career development. 

4. Affordable Fee

The fee for the online MBA program at DY Patil is affordable with different payment options to ease the higher education for working professionals.  The total fee for the program is ₹ 1,70,000 which can be paid in four installments. Furthermore, the university also provides scholarships for deserving students,  PwD candidates, DPU staff & alumni, and International students. 

5. Diverse Career Opportunities

The online MBA in Healthcare and Hospital Management from DPU COL opens the gate to a wide range of job opportunities across the healthcare sector. The degree provides you with extensive business and management skills that are suitable for a variety of professions in the healthcare industry. Graduates may pursue roles such as Health Services Manager, Healthcare Marketing Manager, Pharmaceutical Project Manager, and others. These positions take advantage of the MBA program’s extensive knowledge in strategic planning, healthcare management, and marketing techniques, preparing you for promotion and new chances in a competitive area.

Career Opportunities: Online MBA in Healthcare and Hospital Management

After completing the online MBA program in healthcare and hospital management you can find diverse career opportunities in the sector with good salaries ranging from 10 LPA to 50 LPA. The different job roles and responsibilities in this sector are discussed below:

1. Business Analyst:

 As a Business Analyst in healthcare, you will review business operations and performance indicators to identify areas for improvement. Your responsibilities include designing methods to increase efficiency and minimize expenses, as well as using data analytics to assist decision-making and support corporate goals.

Salary Range: 4 LPA to 8 LPA

2. Healthcare Administrator

They are responsible for managing day to day work of the hospital. They oversee the daily routine work for smooth functioning, develop a bridge between the various departments of healthcare, and ensure quality and regulatory compliance. 

Salary Range: 3LPA to 12 LPA

3. Clinical Research Manager

As a clinical research manager, you are responsible for leading and supervising the research projects in your vicinity. They set the research rules, manage the team, and foresee the compliance of the rules. They also provide valuable contributions to the field of research work in medical science.

Salary Ranges: 5 LPA to 20 LPA

4. Insurance Claims Manager

They are responsible for settling down the claim payment at the time of treatment in a particular hospital. They act as a link between the insurance companies and patients and smoothen the process for uninterrupted treatment. They work with insurance providers, review claim documents, resolve discrepancies, and implement processes. 

Salary Ranges: 3 LPA to 8 LPA

5. Health Information Manager

Health Information Managers are in charge of maintaining and protecting patient data and health information systems. They maintain data accuracy, privacy, and compliance with health legislation, as well as use information technologies to improve patient care and operational efficiency.

Salary Ranges: 10 LPA to 40 LPA

6. Pharmaceutical Project Manager

Their key role is to oversee the development and launch of any new pharmaceutical product. They coordinate R&D activities, manage project timetables and budgets, and collaborate with cross-functional teams to achieve effective product releases.

Salary Ranges: 15 LPA to 40 LPA

7. Hospital CEO

It is one of the top positions in any hospital. The job role comes with many responsibilities including overseeing all aspects of hospital administration, including financial performance, patient care services, personnel management, and strategic planning.

Salary Ranges: 10 LPA to 50 LPA

8. Hospital CFO

The hospital’s Chief Financial Officer (CFO) oversees the institution’s financial operations and strategy. Financial planning and analysis, risk management, financial reporting, and assuring compliance with healthcare financial legislation are all among the responsibilities.

Salary Range: 15 LPA to 50 LPA

Each of the job roles discussed above can be well executed if you have a good understanding of the hospital policies and rules. Online MBA in healthcare and hospital management provide you with an in-depth understanding of hospital policies and strategies.

Conclusion

Pursuing an online MBA in hospital & healthcare management can help you in career advancement and improve your earning potential. You will learn how to run a successful healthcare system without compromising the quality of service offered to the patients.