Wednesday, June 19, 2013

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.”

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