The healthcare industry is a several trillion-dollar industry. Yes, that’s 7 with 12 zeros after it. Although healthcare professionals like doctors and nurses form a huge part of it, the management part of it is an entirely different thing.
Management is an integral part of the healthcare industry. The smooth running of any industry is largely dependent on how well it is administered, directed, and managed.
This is where healthcare management comes into play.
This blog will take you through the basics of health management, the best colleges offering a master’s in the subject, and the scope of the subject.
Moreover, this blog will also provide you with guidance on how to get into the college of your dreams to pursue this course.
What is Healthcare Management?
As the name suggests, healthcare management deals with the management of any healthcare setting. This can be hospitals, clinics, nursing homes, etc.
The main tasks that come under the umbrella of healthcare management are:
- Planning and Organization
- Recruitment and Staffing
- Providing Control and Direction
- Risk Assessment and Decision Making
- Finances and Accounting
- Facility Management
In short, healthcare management is responsible for the well-ordered operation of any healthcare setting. It ensures that the healthcare delivered to the patients is
- Effective
- Sustainable
- Equal
- Efficient
Top Health Management Master’s Programs
There are several universities around the globe that offer students the opportunity to study Healthcare Management.
Here is a list of the top few colleges for getting a master’s degree in the field.
- Johns Hopkins University- Carey Business School
Degree: M.Sc. in Healthcare Management
Course Duration: 1 Year (Full-time) | 2 Years (Part-time)
Campus: Baltimore, MD | Online
Fees: $76,000 (Full time) (INR 65 lakhs) | $60,000 (Part time) (INR 51.6 lakhs)
- Berlin School of Business and Innovation
Degree: M.Sc. in International Health Management
Course Duration: 18 Months
Campus: Berlin
Fees: € 12,600 (International students) (INR 14.6 lakhs) | €7,450 (EU students) (INR 8.6 lakhs)
- City St George’s, University of London
Degree: M.Sc. in Health Management
Course Duration: 1 year (Full time), 2 years (Part time)
Campus: Clerkenwell Campus | Online
Fees: MSc (In-person and Online)
Home/UK
- Full-time Fee: £18,500 (INR 21.4 lakhs)
- Part-time Fee: £9,250 (INR 10.7 lakhs)
International
- Full-time Fee: £18,500 (INR 21.4 lakhs)
- Part-time Fee: £9,250 (INR 10.7 lakhs)
- Harvard University (T H Chan- School of Public Health)
Degree: Master’s in Health Care Management (MHCM)
Course Duration: 1 year (Full time), 2 years (Part time)
Campus: Clerkenwell Campus | Online
Fees: $49,750/ year (INR 42.7 lakhs/ year)
- Imperial Business School- Imperial College London
Degree: M.Sc. Global Health Management
Course Duration: 12 Months
Campus: London, UK
Fees: Home Students: £25,500 (INR 29.5 lakhs) | International Students: £42,500 (INR 49.3 lakhs)
- University of Glasgow
Degree: M.Sc. in Health Services Management
P.G. Diploma in Health Services Management
P.G. Certification in Health Services Management
Course Duration: M.Sc. (12 months, full time)
P.G. Diploma (9 months, full time)
P.G Certificate (3 months, full time)
Campus: Gilmorehill Campus
Fees: MSc
UK: £11250 (INR 13 lakhs) | International & EU: £31800 (INR 36.8 lakhs)
P.G. Diploma
UK: £7500 (INR 8.7 lakhs) | International & EU: £21200 (INR 24.6 lakhs)
P.G. Certificate
UK: £3750 (INR 4.3 lakhs)| International & EU: £10600 (INR 12.3 lakhs)
- Michigan State University
Degree: M.Sc. Healthcare Management
Course Duration: 21 Months
Campus: Online
Fees: $34,000 (INR 29.2 lakhs)
- Coventry University
Degree: M.Sc. Global Healthcare Management
Course Duration: 1 Year (Full-time)
Campus: Coventry
Fees: UK/ Ireland/ EU: £11,200 (INR 13 lakhs) | International & EU (without EU Support Bursary): £18,600 (INR 21.5 lakhs)
- University of Greenwich
Degree: M.Sc., P.G. Diploma, P.G. Certification in Healthcare Management
Course Duration: 1-7 years (flexible)
Campus: Online
Fees: $34,000 (INR 29.2 lakhs)
- Trent University
Degree: Master of Management (M.Mgt) in Healthcare Management
Course Duration: 16 Months (flexible)
Campus: Durham GTA campus
Fees: $24,800 (INR 21.3 lakhs)
These colleges provide some of the best academic experiences to students. A degree from these universities will open multiple avenues in the world of healthcare management.
Know More: Master in Healthcare Management
Requirements for MHM Programs
Every institute has its own set of criteria for admission. Listed below are a few of the common requirements for admission:
- A bachelor’s degree in the healthcare field from a recognized institute
- High GPA (above 3)
- Letter of recommendation
- English Language proficiency (IELTS/ TOEFL scores)
- Good GRE scores (not essential, but recommended)
- Statement of Purpose
Once the college has been shortlisted, it is important to go through the list of requirements to be well-prepared.
Check Your Eligibility for Free
Career Scope After Master’s in Health Management
The job market after a postgraduate degree in Health Management is huge. According to many reports, including the U.S. Bureau of Labor Statistics, millions of new jobs are added to the healthcare industry every year.
Listed here are some of the roles that require an MHM degree, along with the annual salaries.
- Clinical Operations Manager: $130,000- $1500,000 (INR 1-1.2 Cr)
- Communications Manager: $100,000- $130,000 (INR 86 lakhs- 1 Cr)
- Human Resource Coordinator: $60,000-$70,000 (INR 51.6- 60 lakhs)
- Human Resource Manager: $75,000-$85,000 (INR 64.5 – 73 lakhs)
- Director of Social Services: $70,000-$90,000 (INR 60 – 77.4 lakhs)
- Medical Record Supervisor: $50,000-$60,000 (INR 43 – 51.6 lakhs)
- Nursing Supervisor: $80,000-$90,000 (INR 68.8 – 77.4 lakhs)
- Chief of Staff: $120,000- $140,000 (INR 1 – 1.2 Cr)
- Professor and Researcher: $80,000-$100,000 (INR 68.8 – 86 lakhs)
- Medical Director: $180,000- $250,000 ( INR 1.5 – 2.1 Cr)
A Master’s in healthcare management is an excellent course for people who want to start their career in healthcare management.. This course is best suited for fresh graduates as well as medical professionals who want a career change.
If you’re looking for an opportunity to get into an MHM program abroad, now is the perfect time to start your search.
This has been made even easier with the Educafic-Study Abroad program. Educafic by Academically is your one-stop destination for everything related to studying outside India. Reach out to the experts for guidance and counselling.
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