Post Graduate Program in Healthcare ManagementWelingkar Institute of Management Development & Research
- Post Graduate Diploma
- At 2 venues
Frequent Asked Questions
MBBS / BDS / BEMS / BAMS / BHMS / BPharm. / MPharm. with 1-2 years of experience and with a minimum of 50% marks in their graduation (Freshers may also apply) B.Sc / B.Com / BA / BMS / BMM or any other equivalent Bachelor's degree with 1-2 years of experience in the healthcare industry and with a minimum of 50% marks in their graduation
In terms of the growth rate, the healthcare industry in India is moving ahead neck to neck with the pharmaceutical industry and the software industry of the country. Much has been said and done in the health care sector for bringing about improvement. Till date, approximately 12% of the scope offered by the health care industry in India has been tapped. The health care industry in India is reckoned to be the engine of the economy in the years to come. Growing at an envious rate of 15% every year, the health care industry in India is estimated to be a $40 million by 2012.
The healthcare sector is reckoned to be the engine of the Indian economy in the years to come. Presently a 75000 cr. industry, healthcare is rapidly growing at an envious rate of 15%. And is estimated to be a mammoth US$40 million industry by 201 2. However, there's still a wide gap between supply and demand for trained healthcare professionals. With the increasing number of healthcare entities such as - lifestyle clinics, e-health ventures, emergency medicine units, the demand for trained professionals is envisaged to increase in manifolds. 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 and Innovation and Agribusiness Management. Our specialized Program in Healthcare Management is yet another step in this endeavor. This well thought out program 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.
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 services free of cost or at subsidized rates to low income groups in rural and urban areas. With the Indian economy enjoying a steady growth, the healthcare industry too is expected to benefit greatly. 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.
The Present Market
Expenses incurred by the Indian Government on healthcare are the highest amongst developing countries. India's spends 5.25% of its GDP on Healthcare. Chances are that the healthcare market could experience a hike and attain a figure ranging between $53 to $73 billion five years from now. This in turn will reflect an increase of 6.2% in the GDP.
Until recently, doctors without any professional training in management were assigned managerial roles. Besides being a difficult task, doctors barely managed to devote time to their patients. Thanks to the rapid corporatization, a lot of medical graduates are taking up further specialization in hospital administration. Even non-medical professionals 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 there is a strong need for a course in Healthcare Management.
It is evident that there is a wide gap between supply and demand 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 in manifolds 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.
Areas of Opportunity
Our analysis here tries to highlight various 'pockets of opportunity' within the lndian healthcare sector:
Health Services Outsourcing
Medical Value Travel
I. Management Principles and Practices & Global Scenario for Indian Healthcare Sector
II. Basic Epidemiology
III. Finiancial and Cost Accounting
IV. Health Economics
V. Information Technology for Healthcare Organisations
VI. Organisational Design in Healthcare Sector
VII. Research Methodology
VIII. Legal Framework for Healthcare Organisations
IX. Cost and Finiancial Management
X. Organisation and Management of Clinical and Supportive Services
XI. Operation Management in Health Care
XII. Marketing Principles for Healthcare Organisations
XIII. Management Control & Performance Measures for healthcare Organizations
XIV. Disaster Management
XV. Human Relations - issues and management
XVI. Healthcare Progammes - issues, planning and economic evaluation
Placement Assistance is available on for the two year full-time program, therefore does not apply for PGP-HCM.
A management graduate who studies only general functional areas such as marketing, production, finance will need to develop an appreciation of the healthcare domain to contribute meaningfully to this sector. Similarly a health science professional lacks knowledge and application of management principles. The Healthcare program bridges the capabilities required to use and apply management principles in people management, finance, operation, communication and other areas to the Healthcare Sector.
A specialized program in healthcare ensures that participants are
able to understand management principles & practices,
functional elements of management, business environment & its influence on organizations in the Indian context
prepare & implement business plans
develop human relationship skills
to provide theoretical and practical knowledge of Healthcare services, Hospital Organization - Operation & planning
address healthcare issues specific to the Indian context with exposure to real life cases/technical know-how in the healthcare services sector & to give the student a starting edge in the healthcare industry.