Health care management has evolved into a dynamic and complex field offering various employment opportunities as the industry continues to grow. The industry is ever evolving due to scientific discoveries that bring significant contributions to improve the health standards of our communities.
In the coming years, the health care sector in India is slated to expand rapidly, approximately to the value of US$ 280 billion by 2020. Significant growth in this sector would be caused by the pivotal role played by the private investors. The recent data released by the Department of Industrial Policy and Promotion (DIPP) states that diagnostic centers and hospitals have attracted foreign direct investment (FDI) worth almost US$ 2,500 million between April 2000 and September 2014. So, definitely, it has become one of the ‘sunrise sectors’, ready to leave it own mark in the coming years.
ISB HMP Program Rationale
Just like doctors, professional health care managers have a key role to play in the daily activities of the hospital or private clinic. For example, they have to ensure that the effective running of the hospitals is not jeopardized. They also play a pivotal role in making the health-centers financially sustainable. Additionally, they ensure that a patient-centric organization is created, so that there can be rapid development. Every country needs bright and talented minds in the health care industry that can play an important role. It is necessary for the future leaders of the health care industry to know the fundamentals of strategic thinking, finance, economics, law, data analytics, and quality. Thus, a structured form and process of learning is essential, which can take place only in a well chalked out program. Keeping all this in mind, the Health Management Program (HMP)has been devised to offer an all round perspective to prospective candidates.
ISB Healthcare Management Program Format
Being a challenging and rigorous program, Health Management Program (HMP) focuses on classroom and online learning along with pre-course reading materials, which is in the form of textbooks, case studies and articles. The program focuses on the core areas of business and management as much as it focuses on the health sector. While the initial part of the program helps students gain core skills like accounting, economics, marketing and more, the latter half focuses on the health sector in particular.
ISB HMP Program Delivery
The Health Management Program (HMP) is delivered through a collaboration ofIndian School of Business’s Centre for Executive Education and the Max Institute of Healthcare Management. Academic rigor is ensured with the prompt and frequent updates and suggestions from the industry leaders on further fine-tuning the core syllabus, the methodology and the pedagogy.
For the first time in India, a course like Health Management Program (HMP) aims to bring together the best output from the experts from the healthcare sector along with the industry protagonists. Original and explorative in its teaching methods, the faculty pays heed to the crucial role that is played by the inter-connection of the industry and the academic experts.