Healthcare Administration: Expert Session - "Essentials of Finance in Healthcare"

INLEAD facilitated an Industry Expert Session for Healthcare Administration Oct'12 and April'13 batches. The session was conducted by Mr. Sachin Chaudhary Founder & CEO of Medical Second Opinion and Chief Trainer- MHA Training Company.

The speaker elaborated the growing share of Indian healthcare in the global market. He emphasized on the myopia the industry is suffering from in terms of the scope of Healthcare administration. He explained that Healthcare is not only limited to hospitals but is beyond the organizational operations.  He emphasized on the myopia the industry is suffering from in terms of the scope of Healthcare administration. He explained that Healthcare is not only limited to hospitals but is beyond the organizational operations. The healthcare administration students should strengthen their skills of taking strategic decisions along with the operational skills. Apart from this the other topics he touched upon were “Manpower outsourcing, Healthcare IT, Mobile Health and Medical Tourism.

The growing role medical tourism and international medical value customer were also discussed. Mr Chaudhary said that all the processes should be converted in terms of numbers and KRAs. As many Indian hospitals are having 30% of operating margins (EBITDA) and they are spending 13-15% on Human resources, manpower outsourcing becomes a big opportunity

 

•   According to Navleen (Oct 12 Batch): “The speaker touched upon a lot of current issues in healthcare. He gave a broad overview of the financial issues in health industry.”
•    According to Priyanka (MBA-Lateral) Apr’13 Batch: “We learned about new terminologies like (Private Equity) PE, Venture Capital (VC) and RCM.”

Management Student: LEAD Activity - Face to Face: The Big Debate

INLEAD conducted a “LEAD activity – Face to Face: The Big Debate” for Event Management & Public Relations, Healthcare Administration, Infrastructure Management Oct’12 & April’13 batches and International Hotel Management Jan’13 & April’13 Batch.

The debate was planned to encourage the students to examine every side of the important and controversial topics provided, in an atmosphere of reasoned argument and respectful discourse. The enormous effort that students put forth to succeed in this intellectually exciting activity was truly inspiring.

The preparation for the activity began at least 1 week in advance when the topics were provided to the participants. Participants were then divided into main speakers and the interjector team. Following were the topics for the debate:

              1. Should there be electronic surveillance in the workplace? Agree or disagree.

           2. Business Development is more important than operations in an organization? Agree or disagree.

        3. If there are rewards, should there also be retribution in an organization? Agree or disagree.

              4. Is cost reduction more important than quality in an organization? Agree or disagree.

On the day of the debate, the speakers were all charged up and a healthy discussion ensued. Once the speakers finished with their affirmative (in favor of the topic) or negative (opposed to the topic) thoughts, the interjector teams sprang to action with their series of questions in an attempt to gain information and reveal weaknesses in the arguments of the person who had just spoken. The rebuttal team did their best by taking a main point of the speaker’s argument and showing why the other speaker’s argument made more sense. Because a lot of the thinking for this was done quickly, it was one of the most challenging and enjoyable aspects of the day.

The day culminated with the following participants emerging as winners:

             ·         Best Speaker – Ashutosh Sharda (EMPR April’13)

             ·         2^nd Best Speaker – Aditi Mohan (EMPR April’13)

             ·         3^rd Best Speaker – Leesha Gujare (HCA April’13)

             ·         Best Interjector – Priyanka Wadehera (EMPR October’12)

             ·         Best Team – Ashutosh Sharda and Aditi Mohan (EMPR April’13)

Overall, it was a day filled with energy and fun with the students gaining benefits like rigorous and critical thinking as a result of their hard work along with confidence to speak in public.

PR - A decade ago & now. What’s Changed & What’s Not (Ms Meera Krishnan, CEO - Lexicon PR)

INLEAD facilitated a workshop on “PR - A decade ago & now. What’s Changed & What’s Not“  by Ms. Meera Krishnan, CEO, Lexicon PublicRelations & Corporate Consultants (P) Ltd. The Industry Expert Lecture was conducted for October’12 and April’13 Event Management and Public Relationsstudents.

The session began with Ms. Krishnan introducing the class to the concept of Public Relations. She encouraged the students to think and state what, according to them, was public relations. She then further elucidated how PR was all about managing the perception that someone has for a brand or an individual. She discussed, quoting live examples from the industry, why a business entity needs to know its PR requirements and needs.

The session focused broadly on the evolution of Public Relations Industry in the past decade. The lecture threw light on the various aspects pertaining to the constant changes affecting the industry. She discussed how factors like boom in the internet, MNCs coming to India and the changes in media have affected the evolution of PR industry, which ultimately has opened the roads of PR in sectors like Technology, FMCG etc. The introduction to the emerging trends in PR & Media gave students food for thought and made them understand and recognize the level of Public Relations as an industry, 10 years ago and now. This would definitely help them for the future and would enable the students in creating the right career for them in the field of PR.

According to Ms Priyanka Wadehra Event Management & Public Relations Oct’12 Batch: "Ms. Meera Krishnan gave us an insight of what PR is and this expert session is definitely going to help me in understanding the roles and responsibilities of a PR official and would help me focus more on the field. She seemed very passionate about her work and this was evident in the session."