When you decide to pursue an MBA, you have already taken a huge step forward in the business and management world. By completing a postgraduate degree in Management, you will be equipped with leadership and communication skills as well as managerial abilities to tackle the challenges in the business world. If you have a graduate degree in Science stream but want to pursue Management courses then, pursuing an MBA after BDS can be an ideal career choice! Here is a blog that will give you all the information about MBA after BDS, the career prospects available after the course.
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Importance of Healthcare Management
‘Healing is an art, medicine is a profession and health care is business.’
Before we delve deeper into the prospects of pursuing an MBA after BDS, let us first understand what healthcare management is. Healthcare is an essential sector of every economy and needs professionals possessing knowledge of both the medical fields and business strategies to handle managerial responsibilities. Pursuing a career in Healthcare Management not only provides you with a platform to work for improving the health of people but also gives you a chance to ideate and implement policies that can benefit masses at large. It also helps in maintaining daily operations, handling medical costs, managing the staff, building a cordial relation amongst doctors and other health care practitioners, performance evaluation, etc.
What is Hospital Administration/Healthcare Management?
In a hospital, there are doctors and health care executives. The administrative staff is involved in scores of activities targeted towards the formulation and implementation of healthcare services. Accounts, Human Resource, Public Relations, Marketing, etc are some of the major departments handled by such professionals. Students often get confused between the terms ‘Hospital Management’ and ‘Hospital Administration’. But what is the difference between hospital administration and hospital management? While the former deals with handling the business processes of various organisations, the latter lays emphasis on handling the staff.
What is an MBA in Healthcare Management?
Running for a period of 2 years, MBA Healthcare Management imparts knowledge on various economical, social, legal, and ethical issues pertaining to the hospital administration. Apart from Human Resource Management, students will also study subjects like Operations and Quality Management, Business Ethics, Clinical Pharmacy, Medico-legal system, etc. Going for an MBA after BDS will not only give you the necessary knowledge in the field of Business, Finance, and Management but will also aid in skill development. Exploring an array of career prospects in Hospital and Healthcare Management, you will be handling wide-ranging responsibilities such as:
- Managing human resources
- Identifying, analyzing, and finding solutions for various issues
- Ensuring well being of patients
- Addressing the needs of doctors working and dealing with different external vendors
- Taking care of the medicinal and drug requirements of a hospital
- Overseeing the daily medical and operational activities
- Setting budgets
- Optimizing medical resources, etc.
Why Pursue an MBA after BDS?
Due to the need for better Healthcare Management, more BDS graduates prefer to do an MBA after BDS, in particular, an MBA in Hospital Management/Healthcare. It is considered one of the most searched options by dental graduates as it is easier and cheaper compared to an MDS after graduation. With the health sector booming in terms of profits and development, an MBA after BDS proves to be an excellent opportunity post-graduation.
Top Global Colleges Offering MBA after BDS in Hospital Management
There are numerous colleges that offer MBA after BDS in different streams such as MBA in Hospital Management/ Administration. Some of these colleges include:
- Leeds Beckett University
- University of Gloucestershire
- Auckland University of Technology
- The University of Sydney
- University of Glasgow
- The University of Adelaide
- Curtin University
- University of Wollongong
- University of Sheffield
- Coventry University
- University College Dublin
There are immense career opportunities for those pursuing an MBA after BDS. There are numerous prospects in the healthcare sector constituting of local companies to international organisations that require professionals with both Medical and Management backgrounds. Enlisted are some of the areas and job profiles that you can consider working in:
- Physician Group Practices
- Home Health Agencies
- Integrated Health Systems
- Corporate Health Systems
- Public Health Agencies, etc.
For students with a considerable amount of experience, they can apply for higher administrative responsibilities and managerial roles in the health sector. They can also take up leadership positions such as hospital CEO’s, partners in different consulting firms, higher officials in major healthcare companies and health care executives in established healthcare companies or hospitals. so, if you are wondering that what is the scope of MBA in Healthcare Management then glance through the following list:
- Hospital Administrator
- Healthcare Information Manager
- Physician Relations Liaison
- Claims Manager
- Purchasing Manager
Thus, if you have got the qualities of a leader as well as the skill set of a healthcare professional, MBA after BDS can assist you in exploring your interests in the integrated fields of Medical Science and Management through this course. If you are searching for the right university for pursuing an MBA, Leverage Edu mentors can guide you throughout the process of finding an ideal university, filling out applications and getting shortlisted.