Healthcare Management: An Emerging Career Option

Healthcare Management: An Emerging Career Option

The world population is growing at an exponential rate. It has already crossed the 7.8 Billion mark. The advancement of medical science has minimised the mortality rate and has increased life expectancy. Thus there is a tremendous need for healthcare professionals, healthcare facilities and other allied businesses such as pharmaceutical, health insurance, transportation, sanitation etc. for the swelling population. Hence there is a great demand for the specialised professionals who are well versed in management, administration and working of the healthcare industry.

The health sector is growing at a Compound annual growth rate (CAGR) of 22.9% and is expected to reach USD 372 Bn by 2022. Also in the current pandemic situation, there is a surge in the healthcare industry and shortfall of all healthcare professionals. All these statistics indicate that there are huge opportunities in the healthcare sector for healthcare management professionals.

What is Healthcare Management?

It is a common misconception that the healthcare industry comprises only Doctors and nurses. In fact, the healthcare sector is a cumulative term used for healthcare facilities like multispecialty hospitals, clinics and nursing homes. It also encompasses the pharmaceuticals industry, health insurance industry and processes such as administration of staff, accounting, public relation, budgeting, implementing different expansion strategies, human resource management and much more.

The role of healthcare management professional is to ensure the smooth running of the healthcare facility assigned to him. It is a combination of business management along with hospital management, HR management, customer review management and social media management.

BBA in Healthcare Management

The healthcare sector is the 4th largest employer in India and is expected to generate 40 Mn jobs by 2030. It is an established fact that Healthcare is a perpetually growing sector. It is a good option for young and dynamic students to make a career in it. BBA in Healthcare Management is the course which will equip the students with all the required knowledge and skill essential for ensuring promising career in the healthcare sector.

BBA aims at acquainting students with different research methodologies, evaluating available data and accurately predicting the changing trends to help manage the healthcare facilities more effectively. It also familiarises the students with healthcare laws, regulation and emerging technologies.

After completing BBA in Healthcare management, graduates have an opportunity to work in Hospitals, Health Clinics, Fitness centres, NGOs, Insurance firms, Healthcare consultancy firms, Diet and Nutrition consultancy firms, Pharmaceutical companies, Government Health departments, Medical Research Institutes or as a Freelance Consultant.

Career Opportunities

After completing BBA in Healthcare Management, the students can take up the following jobs:

Healthcare Manager, Hospital Administrator, Health Service Manager, Healthcare Analyst, Pharmaceutical Project Manager, Healthcare Finance Manager, Medical Office Administrator, Healthcare Quality Manager etc.

Entrepreneurial Opportunities

After completion of the BBA in Healthcare Management, one can opt to initiate an entrepreneurial venture. Few of the entrepreneurial opportunities are as follows:

Geriatric Care Centre, Pediatric Care Centre, Tele-medicine software, Housekeeping services, Insurance Advisor, Medical Tourism, Palliative care, Spa & Wellness Centre etc.

BBA in Healthcare Management at Indira Institute of Management, Pune

Indira Institute of Management, Pune (IIMP) is an ace institute under the aegis of the prestigious Indira Group of Institutes. It is an autonomous institute approved by AICTE, New Delhi & affiliated to Savitribai Phule Pune University. IIMP is one of the premier institutes imparting quality management education in the country. It has a team of proficient faculties with years of industrial and teaching experience. It has an excellent industry-academia interface facilitating industrial exposure and placements.

IIMP in collaboration with Indira College of Pharmacy is now offering a 3-year, full-time BBA course with Healthcare Management as a specialisation. It is a great opportunity for students willing to make a career as a Healthcare Management professional.

For more details about the course, eligibility criteria, syllabus, fees, admission process etc. please visit our website: https://indiraiimp.edu.in/bba-admissions/

Initiatives by Indira Group during COVID-19

Indira Group of Institute has taken every necessary precaution to curb the spread of the dreaded disease by strictly adhering to the directives issued by the government from time to time. We are prepared and eager to welcome the upcoming batch for this academic year.

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