Healthcare industry is the largest sector in India both in terms of revenue and employment. From hospitals to medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance and medical equipment – all come under Healthcare industry. The market size of the healthcare industry is expected to grow three-fold to Rs. 8.6 trillion (US$ 133.44 billion) by 2022. Thanks to major Government initiatives as well as strengthening coverage, services and increasing expenditure by public and private players – the sector is growing at a rapid pace creating more opportunities in this field.
DSMS ranks as one of the top Hospital Management Colleges in West Bengal offering 2years’ Masters in Hospital administration course. It is one of the best MHA courses in West Bengal designed with a blend of modern contemporary subjects. Students also go through compulsory industrial training, workshops and seminars to grasp the subject well and become skilled professionals to manage a healthcare organization successfully. Vast opportunities in research and development, as well as medical tourism, are opening new arenas for students aspiring to become a part of the healthcare industry.
MHA is a versatile degree that allows students to pursue a wide variety of careers. Here are 4 important skills an MHA degree will help you to master.
1. Industry knowledge:
Health care industry is extremely demanding and competitive. An MHA degree will provide you proper educational foundation without which it is difficult to advance in this industry or achieve the professional goals you have set for yourself. Whether it is understanding of healthcare policies, ensuring proper quality control or implementing new billing policies – MHA degree equips you with necessary knowledge and skills to become competent healthcare management professionals.
2. Legal & Ethical knowledge:
Healthcare administrators must be accustomed to current laws, regulations and legal issues. As the technology regarding caring for patients or dealing with data and information is constantly changing, professionals must update themselves. You also need to have high ethical standards so that you can quickly assimilate ethical questions involving some policies or practices. It is a serious business that needs a sharp analytical mind and strong decisive personalities to manage the functions efficiently.
3. Human resource management:
Working as a healthcare administrator involves dealing with the health and safety of others while managing all administrative aspects of a healthcare organization. Human resource management is a crucial part of it. There are different kinds of clinical and non-clinical staff involved to take care of different health issues in a hospital. A strategic approach to manage the employees is very much needed to run a healthcare organization smoothly. From hiring to scheduling or managing day-to-day responsibilities – a manager needs to make decisions on the fly. As a healthcare administrator, you are expected to motivate the staff to deliver the best care possible.
4. Financial prowess:
Healthcare management aspirants must grasp the fundamentals of business finance. From budgeting to forecasting financial growth or customer billing – they need to analyse the financial standing of the organization and come up with ideas to improve it. Administrators are often required to communicate with staff to understand the financial needs of each department or communicate with higher authorities to establish certain payment plans.