Done pursuing your MBA and now stuck up with what to begin with next? We’re here to guide and help you understand the realm of healthcare technology and shape your decision for the future. The HealthTech industry is advancing at an incredible pace and presenting career options for those equipped with the finest skills and knowledge. The healthtech industry offers solutions such as doctor appointment software, patient monitoring tools, telemedicine software, hospital management systems, wearable tech, etc.
The healthcare industry needs professionals who can manage these tech and software solutions. If you’re an MBA graduate, this might be your chance to explore the healthcare technology sphere to make a worthy impact.
Let’s dive into the best career paths in HealthTech for MBA graduates, the qualifications you’ll need, and the exciting future that awaits you in this field.
Understanding HealthTech
Now, what exactly is HealthTech?
Healthtech includes a wide range of technologies, tools, and systems that support healthcare delivery that combines software and hardware solutions. In this industry, you’ll witness innovations intended to improve patient care, improve the operational efficiency of the entire healthcare process, and further capitalize on patient and healthcare data.
Healthcare technologies (healthtech) improve treatment outcomes and ease admin tasks burdening hospitals, clinics, and other healthcare organizations. While tech experts take care of the technology part, management professionals oversee the budget, processes, delivery, and other criticalities associated with health tech deployment. Both health tech organizations and hospitals employ MBA graduates to manage the implementation and successful operations of these technologies.
Management students with either MBA or PGDM qualifications can find lucrative job opportunities in the field. SKIPS, the best MBA college in Ahmedabad offers a PGDM course that equips students with the necessary skills and knowledge to find a suitable career in the HealthTech sector.
Key Areas of HealthTech
Have a look at the key areas of healthtech:
- Hospital Management Tech: Hospital management portals, appointment scheduling tools, mobile health applications, and online health portals are systems that help healthcare professionals improve patient care and treatment outcomes.
- Telemedicine: In this, you deliver healthcare services remotely, reducing the need for physical consultations and in-person visits.
- Electronic Medical Records: These systems store, manage, share, and centralize patients’ electronic medical records.
- Wearable Technology: It covers devices like medical-grade fitness trackers, and IoT devices that track patient health vitals in real-time.
Job Profiles for MBA Students in the HealthTech Industry
If you have an interest in HealthTech, here are some MBA job profiles that you can select for a lucrative career in the healthcare technology industry.
- Healthcare Management: MBA professionals can help in the implementation and project management of healthcare systems. The role focuses on managing healthcare organizations; helping in compliance and regulations and improving patient care delivery.
- Data Analytics: Management students also have data analysis skills. With further data-driven transformation of health care, data analytics jobs help in search of improvement in patient outcomes and efficiency.
- Healthcare Technology Administrator: As an MBA graduate, you can position yourself into the traditional roles of healthcare admin in HealthTech. You’d oversee operations of a healthcare facility, ensuring regulatory compliance, and managing finances, with an average salary of up to 50K to 60K per month.
- Digital Health Product Manager: You can also take up the new roles emerging in HealthTech, such as digital health product manager. Here, you’ll deliver lectures and demos on digital health, developing and launching new digital health solutions—apps and telemedicine platforms.
- Telemedicine Coordinator: This role involves making arrangements for equipment, devices, and software concerning telehealth services.
- Compliance Management: MBA students can help healthcare organizations in adhering to compliance regulations such as HIPAA that are essential for all software and systems that are designed for healthcare systems.
Entrepreneurship in HealthTech
Entrepreneurial spirits abound in HealthTech. If you are looking to set up your venture, then you could use your MBA learnings to locate some of the market gaps and find innovative ways to improve the care of the patient. For example, several startups initiated by MBAs such as Practo and NetMeds speak to the kind of impact you can make.
Qualification and Skills
- Technical Skills: Technical skills form the base for HealthTech. Knowledge discipline in data management and IT proficiency will help you form systems dedicated to supporting patient care. It includes knowledge of data management and IT systems, playing a significant role in your journey through the HealthTech landscape.
- Soft skills: This imparts you with adequate leadership and communication skills to command teams and enable conversations with healthcare providers, patients, and other stakeholders.
- Communication: Interactive skills that you will need to possess while communicating with the providers, patients, or other stakeholders.
- Leadership: Here, you will be needed to be an efficient manager as primarily, the task is supervising teams.
- Networking: Networking could make or break your HealthTech career. The specific conferences, workshops, and networking events that one attends open up those professionals’ insights, collaboration, and much, much more.
The Outlook
HealthTech is buzzing with more innovations with the integration of AI, big data analytics, IoT, etc. that further create precision in patient treatment outcomes and healthcare operations. Healthtech startups like Practo and NetMeds are transforming telehealth solutions and online pharmacy businesses. Large companies are too stepping up to stay competitive in a collaborative healthcare ecosystem.
Conclusion
The career waiting for anyone studying in HealthTech can be very diverse yet gratifying as a reward. AI and blockchain are some of the emerging technologies that shape the future of health tech. Telemedicine, digital health solutions, and other related solutions create more jobs, entering newly created roles that meet sector demands.
As the industry continues to grow, a strong mix of business acumen, technical know-how, and soft skills will make them thrive as Healthcare technology administrators, Digital Product Managers, and more.
Are you ready to start your professional HealthTech journey?
Take a tour of the education offered at SKIPS Business School to equip you with the required skills and knowledge on this exciting career path.
