| The healthcare industry is one of the top growing | | | | Various of them are run by professional |
| industries. Previous year, healthcare expenditure | | | | managers and administrators who have an |
| across the world amounted to $4.5 trillion. There | | | | understanding about the dynamics of business. |
| are 580,000 establishments within the industry in | | | | Still, there is a necessary for many more such |
| the USA alone, ranging from small town private | | | | managers and administrators to run the |
| practices to big corporate healthcare systems. | | | | healthcare sector. From this time, today the |
| The Indian healthcare industry, too, is witnessing a | | | | healthcare sector is going ahead of doctors and |
| progress with 15,000 hospitals and 222 accredited | | | | nurses or people with reserved qualifications in |
| medical institutes. Today, the Indian healthcare | | | | lifesciences. Similarly important for this industry |
| industry is estimated to be a 35 billion dollar | | | | are economists, financial professionals, general |
| industry. A study reveals that healthcare utilization | | | | administrators, HR people and managers. Except |
| in India will grow at 10.8% annually to reach US | | | | they need to be skilled with a healthcare |
| $190 billion in the coming years. These researched | | | | perspective. They want to have full formal |
| estimates suggest that India will need 2,96,000 | | | | preparation on many integral aspects like |
| healthcare management professionals in the | | | | healthcare marketing, quality management, human |
| future year and 7,00,000 professionals by 2012. | | | | resource management and accreditation systems. |
| India has a massive patient pool owed to its | | | | Certain of the roles can be hospital operations |
| population. Also, in fresh years, there has been a | | | | executive/manager, marketing executive |
| rush of lifestyle related diseases. There are | | | | manager, projects executive/manager, PR |
| various special reasons beyond these obvious | | | | executive/manager, OPD executive/manager and |
| facts that are propelling the progress of the | | | | lots of more. |
| healthcare industry in India. Some measures have | | | | For the most part of the management and |
| been taken by the government to ensure | | | | administrative roles are open to people who do |
| continued progress for this sector. The | | | | not have a proper qualification in life science. This |
| government has announced a five year tax | | | | is only because these people are not exactly |
| waiver for hospitals that are opportunity in tier | | | | involved in providing treatment. Their work is to |
| two and tier three cities. Secondly, the regulations | | | | ensure that the delivery of healthcare services is |
| and approval process for establishing healthcare | | | | smooth and effective. Along with a developing |
| services are quite conducive. | | | | need for health economists, customer care |
| Career Scope in Healthcare Industry | | | | executives and business development managers, |
| In the past five years, there has been an | | | | this industry is welcoming people with engineering, |
| unprecedented surge of corporate hospital chains. | | | | commerce and economics backgrounds as much |
| These hospitals or rather these corporations are | | | | as it is looking for people with BSc or MBBS |
| not automatically run by doctors and nurses. | | | | degrees. |