The Indian healthcare industry is identified to be the largest industry in terms of revenue and the second largest in terms of employment. Analysts predict it to grow to US $280 billion by 2020 from US$ 79 billion (2012),at a growth rate of about 15% year-on-year (y-o-y). As an attractive destination for healthcare providers and investors, India has witnessed an increase in foreign investment inflows and private equity (PE) deals. The Government plans an increase in health expenditure to 2.5% of GDP by the end of the Twelfth Five Year Plan (2012-17), from the existing 1.4%. Public Private Partnerships (PPPs) in many projects are opening up new vistas in this sunrise sector . Large scale National and State Government programs are planned at primary (and secondary) care level and in the public health domain. Attracted by the advantages such as lower costs of production and skilled workforce that India offers, companies abroad are looking forward to set up research and development, as well as production centers here. DIPP report reveals FDIs in the health sector over the past decade (April 2000 to March 2013) amounting to Hospitals and Diagnostic Centers US$ 1,897 million, Drugs & Pharmaceuticals US$ 11,309 million, Medical an d Surgical Appliances US $ 646 million . The Indian pharmaceutical market is poised to grow to US$ 55 billion by 2020 from the 2009 levels of US$ 12.6 billion, according to the report titled 'India Pharma 2020' by McKinsey & Co. By 2014, the Indian Medical Devices & equipments market is expected to reach US$ 6.41 million, growing 15.5% annually
In India, healthcare is delivered through both the public sector and private sector . The public healthcare system consists of healthcare facilities run by the central and state government, which provide ser vices free of cost or at subsidized rates to people living in the rural and urban areas. With the Indian economy enjoying a steady growth, the healthcare industry too is expected to benefit greatly . The ecosystem of healthcare includes the various partners of the domain like IT Healthcare, Insurance, Diagnostics, Pharma, Consultancy, Medical devices and NGOs. However, there's still a wide gap between supply and demand for trained healthcare professionals. With emerging healthcare opportunities, the demand for trained professionals is envisaged to increase manifold. At WeSchool, we strongly believe that the onus lies on the academia to provide verticals with the necessary intellectual capital. We've done so time and again in the past in areas such as Retail, Commodity Trading, Design & Innovation and Agribusiness Management. This well thought-out Specialized Program in Healthcare Management bridges the capabilities required to use and apply management principles in people management, finance, operations, communication and other areas to the Healthcare sector . We invite aspirants to make the most of this Program and benefit greatly from this promising industry. Until recently, doctors without any professional training in management were assigned managerial roles. This role, apart from being difficult, also took away a lot of the doctors’ time. Thanks to rapid corporatization, a lot of medical graduates are taking up further specialization in hospital administration. Even non-medical professionals like graduates from Science, Arts & Commerce along with other graduates from the field are increasingly taking up the mantle of hospital administration. The government too is veering around to the view that public hospitals also need to be run professionally. Hence t here is a strong need for a course in Healthcare Management.
The Present Market
It is evident that there is a wide gap between supply and the demands for trained healthcare managers/ administrators to work for hospitals, pharmaceutical companies, health insurance and third party administrators and other healthcare organizations. There are bright opportunities even in the government sector .
The National Rural Health Mission (NRHM) looks forward to appoint healthcare administrators. The demand for healthcare professionals is envisaged to increase manifold in the years to come with more and more hospitals expected to increase in semi-urban and rural areas.
In India, there are 189 institutes offering healthcare related programs. Aspirants here can choose from 2139 healthcare courses.
In USA, there are 360 institutes offering healthcare programs. Aspirants here can choose from 6937 healthcare courses.
In Europe, there are 118 institutes offering healthcare programs. Aspirants here can choose from 19025 healthcare courses.
In Australia, there are 51 institutes offering healthcare related programs. Aspirants here can choose from 6933 healthcare courses.
As India continues its march forward and crosses new frontiers, innovation has taken the center stage. But then, many of today's systems are so extensive and complex that opportunities available are beyond the capacity of an individual or organizations working in isolation. Obviously, there is a great deal of attraction in assembling people, who understand all the various aspects of a situation to invent and innovate together.
WeSchool has consistently worked towards harnessing the power of meaningful combinations viz. E-Business, Agri-Business, Business Design and Innovation to name a few.
With the healthcare sector growing at the pace it is, scalability in services, trained manpower in administrative and allied support areas, managing of finances, logistics and most importantly expectation and experience management are going to pose several challenges. This will call for a large pool of persons with the domain expertise of the healthcare industry combined with the administrative and management principles offered in a management program.
We believe that a combination program In the Healthcare sector can help serve the community while offering career opportunities.
With the support of leading persons from the Healthcare field we have designed a 11 month Post Graduate Program in Healthcare Management. This program caters to healthcare professionals like Doctors, Pharma graduates and individuals with a passion to make a difference to this industry. We believe that the program curriculum will address some of the burning challenges in the healthcare sector.
I look forward to having young and enthusiastic individuals to use this program to make a difference in the Healthcare sector and become a part of our progressive thinking.
It is not only hospitals which require management professionals. A whole lot of specialized exist in the following sectors:
emergency medicine units
hospital information systems
Credit rating firms
NGOs and Health Insurance now require trained manpower
Specialized in hospital administration.
The industry too is upbeat with the availability of efficient manpower to handle managerial tasks in healthcare services.
Grading of healthcare institutions is another area with lot of excitement and challenges for healthcare managers and they can learn newer concepts here. Rating agencies like CRISIL and ICRA have absorbed many fresher’s in the recent past as healthcare consultants. Doctors and administrators/managers form a crucial link in Third Party Administrative (TPA) operations. They can be assigned tasks like gate keeping functions, claim audit - technical evaluations, claim investigations, etc. To bridge the huge demand-supply gap in the professional management segment, experts feel that more teaching facilities should be set up.
MBBS / BDS / BEMS / BAMS / BHMS/ BPharma/ B.PT(Physiotherapy) / B.OT (Occupational therapy) with 1-2 years Experience and with a minimum of 50% marks at their graduation (Fresher may also apply)
Biomedical Engineers / BSc / B.Com / BA. / BMM - with 1-2 years experience in the Health Care Industry with a minimum of 50% marks at their graduation level.
General Nursing and Midwifery (GNM) diploma graduates would be eligible only if the candidate has minimum of 50% marks in their diploma and with a continuous experience of minimum 5 years in Health Care Industry. The experience must be in the immediate years preceding the year of program commencement and must be in employment while applying for the program.
On successful completion of this program, the candidate will be conferred with the "Post Graduate Program in Health Care Management" Certificate.
Dr. Mrs.Snehalata Deshmukh – Former Vice Chancellor- Mumbai University, Eminent Paediatric Surgeon and Dhanwantri Award Winner.
Dr. Mrs. Nilima Kshirsagar – National Chair in Clinical Pharmacology, Indian Council of Medical Research, Government of India, New Delhi, Dean, ESI – PGIMSR MGM Hospital, Govt of India, Mumbai; Member – WHO Expert Advisory Panel on Drug Evaluation
Mr. A. Vaidheesh – Vice President- Government Affairs Asia Pacific, Johnson and Johnson
Mr. Ranjit Shahani – Vice Chairman and Managing Director - Novartis India.
Dr. Shakti Gupta – Head, Dept. of Hospital Administration, Medical Superintendent, Dr.R.P. Center for Ophthalmic Sciences, AIIMS – Delhi
Dr. Rajendra Badwe – Director Tata Memorial Cancer Hospital – Mumbai
Mr. Pramod Lele – Former CEO, P.D Hinduja National Hospital & Medical Research Centre.
Mr. Vishal Bali – Asia Head- Healthcare, TPG Growth
Mr.Anil Kamath- Founder Chairman, Esemcee Advisors (Former MD- Wockhardt Hospitals)
Dr. Sanjay Oak – Vice Chancellor, Padmashree, Dr.D.Y.Patil University
Dr. Pradeep Rane - Regional Medical Director Sanofi Aventis, Asia Pacific
Dr. Dileep Mavalankar - Director, Indian Institute of Public Health, Gandhinagar (PHFI) & Professor Public Health Mgmt., IIM Ahmedabad
Mr. Vivek Padgaonkar - Director, Project and Policy.
Mr. Joy Chakraborty - Chief Operating Officer, P.D Hinduja National Hospital & Medical Research Centre.
Dr. Vivek Desai - Managing Director, HOSMAC India Pvt Ltd.
Mr. Sanjay Datta - Chief Underwriting & Claims - ICICI Lombard General Insurance Co. Ltd.
Dr. Adheet Gogate -Sr. Director & India Health, Healthcare Transformation Services, Philips India.
Dr. Urmila Thatte- Professor & Head Clinical Pharmacology, Seth G. S. Medical College & KEM Hospital
Prof Mohammad Masood Ahmed - Group Director, Vidya Group of Institutions, Hyderabad.
Dr. Hemchandra Tipnis- Former Dean, Bombay College of Pharmacy
Dr. Rajendra Patankar - Chief Operating Officer, Nanavati Super Speciality Hospital