The course is primarily – but not exclusively – aimed at physicians, economists and healthcare professionals with professional experience. The goal is the training of experts for the various tasks in the management of large practices, clinics and hospitals, who bring both medical knowledge and business knowledge to the table.
The healthcare system in particular is subject to constant change due to constant reforms, while at the same time increasing demands are placed on employees. In addition to outpatient and inpatient care facilities (e.g., medical practices and hospitals), medical technology companies, the pharmaceutical industry, pharmacies, insurance companies and all service providers in the sector are also affected. So, there are plenty of opportunities for medical economists, because they are sought after to organize, realign or lead the demanding everyday work.
The aim of the medical economics / medical management / medical controlling courses is to train experts for these changing specialist and managerial tasks. Medicmind Australia is one of those experts who can guide you through the process and guidance. This requires medical knowledge, but also analytical skills, communication and presentation skills. During your studies, you will therefore learn knowledge in the field of business administration and law, as well as basic medical knowledge, which is what you need to be able to make decisions about practice management and health care.
The medical management course is usually a continuing education offer for economists, physicians and healthcare professionals. This means that many courses are offered part-time, and in some cases, you have to meet special admission requirements.
What do I learn in medical management?
Various unrecognizable statistics, a stethoscope and a calculator spread out on a table. One thing remains to be clarified at the beginning: namely the difference between medical management, medical economics and medical controlling: There is almost no difference. The course designations are used almost synonymously. You can find almost the same content in the courses offered by the various universities, technical colleges, and academies – sometimes as “medical management”, sometimes as “medical economics”. The same applies to medical control. In addition, there are overlaps in content between health management and health economics.
Medical management / medical economics / medical controlling requires a piece of broad knowledge in different areas. In addition to general business administration and legal principles, practice management, marketing, public relations, personnel management, and health policy are on the curriculum. Of course, subjects such as psychology, ethics, patient care, and basic medicine should not be left out. In addition, a large practical part characterizes the course of studies if the course is designed to accompany work or training.
We have picked out three-course contents to see more precisely what is behind them.
Human Resources Management
Basically, there is human resources management in every company. The core function is the organization of the optimal deployment of personnel with a view to the emotions of the employees as well as to economic efficiency.
Ethics should convey general principles of good, moral action. Judgment has to be trained through practical experience, since these principles have to be applied again and again depending on the situation, especially in healthcare.
Public relations course is all about communication between the company on the one hand and customers/patients, suppliers, shareholders, employees, etc. on the other.
What requirements do I need?
The basic requirement for admission to a bachelor’s degree is the general higher education entrance qualification or technical college entrance qualification. With the appropriate training and professional experience, you can also study without the Abitur.
In addition, there are no conditions for the bachelor’s degree programs, such as a mandatory internship before the start of the course, or the like. However, you should find out about the exact course content and compare it with other similar courses.
The master’s courses are aimed at graduates of a university degree in the field of health care or economics, i.e., medical doctors or dentists, pharmacists and economists.
There are also other requirements:
- sometimes only physicians or pharmacists are admitted to the master’s degree
- partly final grade of the first degree, which is not worse than 2.7
- sometimes two years of practical work experience
Medical manager stands in front of two doctors and smiles at the camera. As already mentioned, the aim of the course is to train experts for specialist and managerial positions in the healthcare sector. Of course, this primarily includes positions in hospitals or clinics, where you can work in project management, quality management, in the area of corporate development, in finance and performance controlling or as an assistant to the management.
Basically, the higher your academic degree and the more practical experience you have, the higher your chances of finding a managerial position with a good salary. In the healthcare sector, practical experience in working with people in need of care is particularly important, which is why many universities require professional training to take up a medical management degree.
Outside of hospitals and clinics, there is the opportunity to work as a practice manager in large medical practices or health centers. You can work as a case manager at a health insurance company or project manager at a consulting firm, consultant at a pharmaceutical company or at a manufacturer of medical products, or as a scientific employee in a professional association – a wide-ranging field of work.
How much does a medical manager earn?
There is hardly anyone who is not wondering how much he will earn after graduation. The differences are due to the fact that the amount of the salary is usually made up of different factors, such as location, federal state, size of the company, qualifications and professional experience.
Anyone who is toying with the idea of studying medical management would certainly also like to know what the earning potential might look like after graduation. Concrete statements about the salary of a medical manager cannot be formulated exactly in dollars, since this depends on various factors. How much you will earn after studying medical management also depends on how much professional experience you have and in which federal state you will be employed.