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MBA in Healthcare Finance at Sri Ramachandra Institute of Higher Education and Research
Chennai, Tamil Nadu
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About the Specialization
What is Healthcare Finance at Sri Ramachandra Institute of Higher Education and Research Chennai?
This Hospital & Healthcare Management program at Sri Ramachandra Institute of Higher Education and Research focuses on equipping future leaders with the essential skills to manage the complex and dynamic healthcare sector in India. It integrates core management principles with specialized knowledge in healthcare operations, finance, and strategy, addressing the unique challenges and opportunities within the Indian healthcare industry and preparing students for impactful roles.
Who Should Apply?
This program is ideal for fresh graduates seeking entry into the rapidly growing Indian healthcare administration and management sector, as well as working professionals like doctors, nurses, and allied health professionals looking to transition into leadership roles. It also suits individuals with an interest in public health policy, hospital operations, and healthcare consulting, providing a strong foundation for diverse career paths.
Why Choose This Course?
Graduates of this program can expect to pursue rewarding careers in hospital administration, healthcare consulting, health insurance, pharmaceutical management, and public health organizations across India. Entry-level salaries typically range from INR 4-7 lakhs per annum, with experienced professionals earning upwards of INR 15-20 lakhs. The program prepares students for roles demanding strategic thinking, financial acumen, and operational efficiency in healthcare.
Student Success Practices
Foundation Stage
Master Core Business Fundamentals- (Semester 1-2)
Dedicate significant effort to understanding foundational subjects like Financial Management, Managerial Economics, and Business Statistics. Actively participate in case analyses and group projects to develop a strong analytical base crucial for all business functions.
Tools & Resources
Online learning platforms for supplementary courses, Peer study groups, Practice quantitative problem-solving
Career Connection
A solid grasp of general management principles forms the bedrock for specialized roles, enhancing analytical and decision-making capabilities critical for any leadership position.
Enhance Professional Communication Skills- (Semester 1-2)
Actively engage in communication workshops, presentations, and report writing exercises. Focus on clarity, conciseness, and persuasive argumentation. Seek regular feedback to refine both verbal and written communication, which is vital in professional interactions.
Tools & Resources
Toastmasters International (if accessible), Presentation software like PowerPoint, Peer review sessions
Career Connection
Excellent communication skills are indispensable in healthcare management for stakeholder engagement, policy advocacy, and leading diverse teams, directly impacting career advancement.
Explore the Healthcare Ecosystem- (Semester 1-2)
Begin researching the dynamics of the Indian healthcare sector. Attend industry webinars, read healthcare journals, and connect with professionals via LinkedIn to understand various segments like hospitals, insurance, and pharmaceuticals, and identify potential career paths.
Tools & Resources
LinkedIn, Indian healthcare industry reports (e.g., from FICCI, CII), Alumni network outreach
Career Connection
Early exposure and networking help identify mentors, gain insights into industry trends, and uncover internship opportunities, providing a strategic advantage in career planning.
Intermediate Stage
Advanced Stage
Program Structure and Curriculum
Eligibility:
- Any Bachelor Degree of minimum 3 years duration acquired from an Indian or foreign University / Institution recognized by UGC / AIU / State Government / Central Government, in any discipline with minimum 50% marks in aggregate. (45% for reserved category)
Duration: 2 years (4 semesters)
Credits: 90 Credits Credits
Assessment: Internal: 40%, External: 60%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MGT101 | Management Process & Organizational Behaviour | Core | 4 | Management functions, Organizational culture, Personality and motivation, Leadership styles, Group dynamics and team building |
| MGT102 | Managerial Economics | Core | 4 | Demand and supply analysis, Production and cost functions, Market structures and pricing, Macroeconomic concepts, Business cycles |
| MGT103 | Accounting for Managers | Core | 4 | Financial accounting principles, Cost accounting methods, Management accounting tools, Financial statement analysis, Budgeting and control |
| MGT104 | Business Law | Core | 4 | Indian Contract Act, Sale of Goods Act, Consumer Protection Act, Company Law provisions, Negotiable Instruments Act |
| MGT105 | Business Statistics | Core | 4 | Descriptive statistics, Probability theory, Hypothesis testing, Correlation and regression, Time series analysis |
| MGT106 | Computer Applications in Management | Core | 4 | MS Office suite, Database management concepts, Internet and e-commerce applications, Data security and privacy, Decision support systems |
| MGT107 | Communication Skills | Core | 2 | Verbal and non-verbal communication, Presentation techniques, Business report writing, Active listening, Negotiation skills |
| MGT108 | Case Study & Analysis | Core | 2 | Case methodology, Problem identification, Solution generation, Decision making frameworks, Analytical reasoning |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MGT201 | Research Methods for Management | Core | 4 | Research design, Sampling techniques, Data collection methods, Statistical analysis, Report writing and ethics |
| MGT202 | Production & Operations Management | Core | 4 | Production planning and control, Inventory management, Quality control and assurance, Project management, Supply chain management |
| MGT203 | Marketing Management | Core | 4 | Marketing mix (4 Ps), Consumer behavior, Market segmentation and targeting, Product and brand management, Pricing and promotion strategies |
| MGT204 | Human Resource Management | Core | 4 | HR planning and recruitment, Selection and training, Performance appraisal, Compensation and benefits, Industrial relations |
| MGT205 | Financial Management | Core | 4 | Capital budgeting decisions, Working capital management, Cost of capital, Dividend policy, Financial risk management |
| MGT206 | Entrepreneurship Development | Core | 4 | Entrepreneurial process, Business plan development, Startup finance, Innovation and creativity, Government support for entrepreneurs |
| MGT207 | Business Ethics & Corporate Governance | Core | 4 | Ethical theories in business, Corporate social responsibility, Models of corporate governance, Stakeholder management, Whistle-blowing and compliance |
| MGT208 | Summer Project Work | Core | 2 | Project problem formulation, Data collection and analysis, Report writing, Presentation skills, Application of management theories |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MGT301 | Strategic Management | Core | 4 | Strategic analysis (SWOT, PESTEL), Strategy formulation, Strategy implementation, Strategic control and evaluation, Corporate and business level strategies |
| MGT302 | Operations Research | Core | 4 | Linear programming, Queuing theory, Decision theory, Simulation modeling, Network analysis |
| HMM301 | Management of Clinical & Non-Clinical Services | Specialization Core | 4 | Clinical service operations, Patient care pathways, Support services management, Medical records and documentation, Facility planning and design |
| HMM302 | Strategic Planning for Healthcare Organizations | Specialization Core | 4 | Healthcare environmental analysis, Vision and mission formulation, Strategy development in healthcare, Competitive advantage in hospitals, Performance measurement (BSC) |
| HMM303 | Health Economics | Specialization Core | 4 | Demand and supply in healthcare, Healthcare financing models, Economic evaluation of health programs, Health insurance markets, Healthcare policy analysis |
| HMM304 | Financial Management in Healthcare | Specialization Core | 4 | Healthcare budgeting process, Cost control in hospitals, Revenue cycle management, Financial performance analysis in healthcare, Capital expenditure decisions in hospitals |
| HMM305 | Human Resource Management in Hospitals | Specialization Core | 4 | HR challenges in healthcare, Healthcare workforce planning, Retention strategies for medical staff, Performance management in hospitals, Training and development of healthcare professionals |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MGT401 | International Business Management | Core | 4 | Global business environment, International trade theories, Entry strategies for international markets, Multinational corporations (MNCs), Cross-cultural management |
| HMM401 | Marketing of Healthcare Services | Specialization Core | 4 | Healthcare consumer behavior, Service marketing mix in healthcare, Branding and communication in healthcare, Digital marketing for health services, Medical tourism marketing |
| HMM402 | Hospital Information System | Specialization Core | 4 | Electronic Health Records (EHR), Telemedicine and e-health, Data security and privacy in healthcare, IT infrastructure in hospitals, Decision support systems for healthcare |
| HMM403 | Legal & Ethical Issues in Healthcare | Specialization Core | 4 | Medical negligence and liability, Patient rights and consent, Consumer Protection Act in healthcare, Bioethics and medical ethics, Healthcare regulatory framework |
| HMM404 | Quality Management in Healthcare | Specialization Core | 4 | Dimensions of healthcare quality, Accreditation and certification (NABH, JCI), Patient safety initiatives, Clinical audit and quality improvement, Total Quality Management (TQM) in hospitals |
| HMM405 | Comprehensive Project Work | Specialization Core | 8 | Research methodology application, Data collection and analysis, Problem-solving in healthcare management, Project report writing, Presentation and defense of research |
| HMM406 | Viva Voce | Specialization Core | 4 | Comprehensive knowledge assessment, Application of theoretical concepts, Critical thinking skills, Communication and presentation abilities, Understanding of industry practices |
