Tuesday, February 12, 2013

Healthcare Administration : Industry Orientation & Corporate Expectation

INLEAD conducted an Industry Expert Session for Healthcare Administration for July 2012 & Jan 2013 batches. The session was conducted by Mr. Sachin Chaudhary on the topic “Industry Orientation & Corporate Expectation’. The lecture gave students deep insights into the various aspects of Healthcare industry and the scope of services for future prospects. Mr. Sachin Chaudhary, founder & CEO of Medical Second Opinion Company, is a dynamic professional with an experience of leading Healthcare practice for Asia Pacific region for Genpact. Prior to which, he has worked with Ernst & Young, Infosys Healthcare Consulting, Wockhardt & Apollo Hospitals. He has more than 10 years of extensive experience of managing healthcare business across India, US & Middle East.

Mr. Chaudhary threw light upon the various verticals of Healthcare Industry, apart from Hospitals, like Health Insurance, Medical Tourism, Healthcare Consultancies and Healthcare Information Technology. He explained in brief the trends in these sectors & how students can prepare themselves for these options. He focused on the need of recognizing the area of interest at the initial stage & plan the career accordingly by doing the On Job Training (OJT) in the same field. He also mentioned that the projects can be taken up in the same sector during the OJT so that the students understand the corporate expectations and can get themselves groomed accordingly.

The lecture also dwelled upon the need to understand the Profit & Loss statements of various organizations in the Healthcare Industry so that students have fair idea about the Return over Investments & they can easily streamline the entire process on the basis of Cost Benefit analysis. Mr. Chaudhary also touched upon the future prospects of Healthcare Analytics. He mentioned that there is a scope of Healthcare analytics market to reach $10.8 billion by 2017. He talked about the concept of “big data” — where vast quantities of information can be cheaply stored and analyzed at leisure by organizations, due to the growing digital world.

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