Mumbai, India (PressExposure) December 02, 2009 -- CREMA - Clinical Research Education & Management Academy - is all set to introduce MBA - Master of Business Administration program in Healthcare.
CREMA has tied up with Assam's University of Dibrugarh, a state university, for a two year full time MBA program in Healthcare. The university is approved by UGC and accredited by NACC. The course has been designed to meet the growing needs of the hospitals and healthcare establishments, both private and the government, for adequately trained professionals.
"Indian hospitals and healthcare establishments will need the services of 10 lakh healthcare professionals by 2012 from the existing two lakh. Therefore, this is the right time to pursue an MBA in Healthcare. Our course is designed in consultation with healthcare industry meeting the required quality standards. Some of the major institutes offering MBA in Healthcare today have a deemed university status, whereas Dibrugarh is a full-fledged university," said Vijay Moza, Chairman, CREMA and the pioneer in introducing Clinical Research education in the country.
After the completion of the program, a fresher could start his career as an healthcare management executive in leading hospitals and can go up to the levels of a Medical Superintendent, Director-Hospital or a CEO of a hospital. He can also get into hospital planning or consultancy, consult with leading private, government, international health institutions/bodies or hold faculty positions in medical colleges.
"In the healthcare industry, right now, a fresh MBA has the potential to earn a salary of Rs. 50,000 per month, which can go up to Rs. 2 lakh per month after gaining an experience of few years in the industry," said Mr. Moza.
The admissions for CREMA's MBA program have begun, while the actual course will start by January, 2009. The program will be conducted across CREMA's campuses in Mumbai, Delhi, Bangalore and Hyderabad and could be pursued by graduates and post-graduates in life sciences, graduates in medicine, homoeopathy, ayurveda, physiotherapy and medical lab technologists.
Dr. SM Sapatnekar, Dean CREMA, will head the MBA program. Dr. Sapatnekar is widely respected professional in the Industry & Govt. circles. He is a former professor and Head of Department of community medicine at the Grant Medical College, Mumbai and has also been a Vice-Chancellor's nominee to the Academic Council of the University of Mumbai.
"In order to make an industry ready management professional, a student should have the experience of having worked in a real hospital set up. We are in talks with leading hospitals in the country for tie-ups, through which our students could work and learn in a hospital, and complete their projects," said Dr. Sapatnekar.
Indian healthcare industry today is about US$35 billion (Rs. 1,64, 500 crore) and is expected to reach over US$75 billion (Rs. 3,52,500 crore) in the next 5 yrs, according to Technopak Advisors in their report - 'India Healthcare Trends 2008'. Private sector will account for 80% of this spending
The syllabus will include key functional areas like patient retention management, MIS Management, Materials management, Logistics management, maintenance management, business development, HR managers, accounts and billing functions, front office management, customer relation management, house keeping and catering, public relations and insurance management.
Factors supporting growth of healthcare industry in India
- Investment commission of India says healthcare growing at 12% in last 4 years - Growing lifestyle diseases - obesity, diabetes, cardiovascular - Population of 1.2 billion by 2015 - Medical tourism growth in India due to cost advantages - Only less than 10% of India's population health insured today - Over 36 crore workers to be health insured in near future - Community health insurance schemes penetrating rural market. - States like Punjab & Rajasthan to buy health insurance for below poverty line people