About hospital

Hospital administrators

Hospital administrators are individuals or groups of people who act as the central point of control within hospitals. These individuals may be previous or current clinicians, or individuals with other backgrounds. There are two types of administrators, generalists and specialists. Generalists are individuals who are responsible for managing or helping to manage an entire facility. Specialists are individuals who are responsible for the efficient operations of a specific department such as policy analysis, finance, accounting, budgeting, human resources, or marketing.

It was reported in September 2014, that the United States spends roughly $218 billion per year on hospital's administration costs, which is equivalent to 1.43 percent of the total U.S. economy. Hospital administration has grown as a percent of the U.S. economy from .9 percent in 2000 to 1.43 percent in 2012, according to Health Affairs. In 11 different countries, hospitals allocate approximately 12 percent of their budget toward administrative costs. In the United States, hospitals spend 25 percent on administrative costs.

Competencies

NCHL competencies that require to engage with credibility, creativity, and motivation in complex and dynamic health care environments.

• Accountability
• Achievement orientation
• Change leadership
• Collaboration
• Communication skills
• Financial Skills
• Impact and influence
• Innovative thinking
• Organizational awareness
• Professionalism
• Self-confidence
• Strategic orientation
• Talent development
• Team leadership
• HANDLING UNION

Scope of Hospital management program in India.

• Firstly, this Hospital/Healthcare is among the fastest growing sector in India and worldwide, because of which there is a high demand of managerial skills in this sector. This high growth is expected to be there for next two decades.
• Secondly, there is a gap in presence of managers in hospital industry. One reason for this is, the students doing MBA largely comes from engineering or commerce stream and they usually take up employment in non-healthcare sectors. Due to this there was a need for preparing managers who can specifically work in hospitals.
• Lastly, Hospital industry is much more complex than any other. There are a large number of systems and factors that are interrelated and needs to be carefully considered while making managerial decision making. This makes it absolutely necessary for hospital managers to have a detailed and in-depth understanding of how healthcare works. The requirement of domain expertise in hospitals is much more than any other sector. Thus an MBA with little understanding of medical may not be able to deliver results, making it necessary for an MBA with Hospital knowledge to take up these responsibilities.

Healthcare sector can offer some of the most exciting career to management professionals. There are a variety of roles under which HCM graduates are employed.

Some of the entry level roles that gets offered to MBA in hospital and healthcare are:

• Consultant / Associate Consultant
• Domain specialist - Healthcare
• Analysts
• Marketing executives
• Marketing and sales executives
• Management trainee
• Manager / Assistant Manager
• Business lead
• Hospital operations executive
• Floor manager
• Quality Manager
• Project manager / co-ordinator
• Health Insurance executive