ISB To Launch 1 Year Part-time Management Programme for Doctors & Healthcare Professionals

The Indian School of Business (ISB), with campuses in Mohali and Hyderabad, is all set to launch a healthcare management programme (HMP) for doctors and healthcare professionals.

The one year part-time programme, which will commence in January 2016, has been designed and developed by the Max Institute of Healthcare Management and the Centre for Executive Education at the ISB, it said in a statement.

The part-time programme will include 4 modules of residential learning of approximate 15 days each at the Mohali and Hyderabad campus.

Analjit Singh, Founder, Max India Group and Founder Supporter, Mohali campus of ISB, said there is a serious paucity of well-trained quality healthcare management professionals in India.

“The impressive increase in investment and capacity of the private healthcare industry in India in the last few years, accentuates this shortage. Further, as we deal with lives and care of our patients, the finesse required in management deserves specialised training .Management, Science and Art have to all come together,” he said.

This one year (part-time) programme is a step to remove this glaring inadequacy in India’s healthcare set up, Singh said.

The HMP section on ISB’s website puts forward the rationale for the course as follows: The Indian healthcare sector is projected to expand rapidly, with an estimated market value of US$ 280 billion by 2020. Large investments by private sector players are likely to contribute significantly to this growth. 

While doctors are key to the sector, professional managers play an equally significant role in many ways: in ensuring hospitals operate efficiently, making them financially sound and independent; in creating a patient-centric organization that takes care of the patient experience beyond treatment into total care.

A cadre of middle management professionals will need to be groomed to move into leadership positions to drive the growth of this sector. To make that transition successfully, these managers need to be equipped with the necessary skills and competencies relating to multiple disciplines such as strategic thinking, finance, economics, law, data analytics, and quality. This needs a structured programme of learning. The Healthcare Management Programme (HMP) is designed to cater to this need.

Ajit Rangnekar, Dean, ISB, said the HMP has been designed in close collaboration with the healthcare sector, practicing professionals and academia.

“An Academic Advisory Council, comprising eminent faculty from across the world, provides academic oversight and an Industry Advisory Council that includes senior leaders from organisations like Max Healthcare Global Hospitals, Fortis Healthcare Ltd, Care Hospitals, and Narayana Netralaya brings in the industry perspective,” he said.

What the HMP Programme will cover

As per ISB’s website, participants will be taken through the following courses during the course of study: