Online MBA in Healthcare Management and Hospital Administration both sound the same, but they are too different from each other. So choosing between these two specializations is very difficult and essential for your plans and career. They both are in a 2-year post-graduation program where Healthcare Management focuses on working on skills of business aspects, coursework, and hospitality, whereas Hospital Administration only focuses on the management & running of hospitals.
What is the Difference Between Them?
The future career of a professional depends on the aspects about which specialization they choose. As each specialization has its own advantages and disadvantages and seem similar, but they are very different from each other.
An Online MBA in Healthcare Management is a field that operates on both clinical and non-clinical aspects while enhancing disaster management, patient care, information & technology management skills. Along with this, there is a wide range of opportunities as you can work in hospitals, clinics, consulting firms, insurance companies, pharmaceuticals, government agencies, and NGOs, etc, across the globe. Whereas an Online MBA in Hospital Administration is a small and specified field for those who want to work in Healthcare Clinics or Hospitals and focus on health-related safety aspects & ethics, quality work in the healthcare industry.
If you are already working in healthcare industry and want to promote yourself and look at new career choices then MBA in Healthcare Management is the right choice for you but if you are looking for to keep working in Hospital or clinic, then Hospital Management may be the best choice as it provides you more in depth skills and knowledge that are required to progress in the same field.
Scope and Tentativeness of Healthcare Management
Online MBA in Healthcare Management is one of the best options if you are looking to work in various job options. That includes various specializations at the same time in IT, quality enhancement, finance, and operations management. Aside from this work in clinics, NGO’s, government agencies, long-term care facilities, pharmaceutical and insurance companies.
Adaptability and Future Goals
Healthcare Management has been growing at a rapid pace as it keeps on including new technologies and includes high disciple standards to provide a more patient centric approach. You are equipped with diverse skills necessary to move forward with the future trends to understand in depth information related to the healthcare industry. The Healthcare Management sector is expected to see a 29% increase in the job opportunities by 2033.
Skills Acquired
The hard skills to get are made easy with proper training, mentorship, and experience through the Online MBA in Healthcare Management. Talking about the skills, it anticipates critical thinking, soft skills, and technical skills.
That includes various specializations at the same time in IT, quality enhancement, finance, and operations management. Aside from this work in clinics, NGO’s, government agencies, long-term care facilities, pharmaceutical and insurance companies.
What will you learn in an MBA in Healthcare Management?
Online MBA in Healthcare Management is equipped with various advantages where you learn about strategic management, accounting, marketing, finance, and fundamentals of Business Administration, providing you with strong business principles.
You learn about the legal and regulatory framework to govern the Healthcare organization through the healthcare policy and regulation courses. The finance, cost analysis, and repayment are learned through economics.
Aside from this the quality management, management of new technologies & facilities, supply chain management, are all focused towards the wellness of patients.
Which University to Choose for an Online MBA in Healthcare Management?
Various universities offer you an Online MBA in Healthcare Management, but it is essential to choose the right one for your future career. Here are a few universities listed below:
- DIMHER University Online
- Shoolini University Online
- Manav Rachna University Online
- Jain University Online
But before making a final decision, focus on their facilities, fees, validity & approvals, and the resources provided by them.
Conclusion
An Online MBA in Healthcare Management gets you out of the hospital-centric roles and leads to the discovery of a much broader range of opportunities within the vibrant healthcare ecosystem. Whereas Hospital Administration caters to a very specific area and sector of the healthcare industry, Healthcare Management is a comprehensive collection of skills that encompasses business sense, technical knowledge, and creative strategic thinking, and that can be helpful in multiple areas, such as but not limited to, pharmaceuticals, insurance, and consulting. The aforementioned appeal to the new wave of Health Managers in the design of their career journey presents a more future-ready route than the current ones.
You learn about the legal and regulatory framework to govern the Healthcare organization through the healthcare policy and regulation courses. The finance, cost analysis, and repayment are learned through economics.
