Note on Healthcare Program

Economic development of a country is very closely related to its health and education indicators. Indian healthcare sector has not been able to realize its full potential on account of multiple challenges being faced by the industry. At present the industry is facing an acute shortage of resources as well as skilled manpower.  India has 0.7 beds per 1,000 people which is well behind the 3.5 beds per 1000 people recommended by the WHO. The number of physicians in India per 1,000 people is at 0.7 as compared to the global average of 1.5 physicians per 1000 people.

The existing stakeholders are facing lot of challenges due to highly fragmented structure of the industry, underfinanced and short-staffed public sector, rising reins of regulatory and legal framework, high level of inequality between urban and rural areas and high level of competitive environment.

This untapped potential, if unlocked, could help Indian healthcare ecosystem leapfrog over its constraints and provide the required impetus that India needs in realizing Ministry of HRD’s vision of achieving ‘Healthcare for All’. National Healthcare Policy 2017 specifically mentions the policy goals to be equity, universality, affordability, care quality, leveraging technology, digital health, focus on preventive health and promotion of wellbeing. The design and structure of our PGDM Healthcare program is aligned with this vision. The Indian healthcare sector is expected to advance at a rate of 15 per cent during 2016–20 to reach USD 280 billion by 2020.

There is great employment potential for professionally trained manpower in healthcare eco system which comprises of Hospitals, Pharmaceutical Industry, Diagnostic Services, Medical Devices, R & D Services, Medical Insurance, Rural and Social Sector, Public Sector, Biotech, Wellness and Fitness Sector etc.

K J Somaiya Institute of Management Studies & Research (SIMSR) has specific advantage in launching this program as it can collaborate with and have an academic partnership with its sister institution – K. J. Somaiya Hospital and Research Centre, draw on the expertise of the thriving network of industry professionals and its alumni located in India and abroad, leverage connect with NGOs for giving an experiential learning to potential students, and last but not the least, being located in a beautiful lush green 55 acres campus in the heart of Mumbai.

The program can also leverage on the core competencies of multi-disciplinary PGDM programmes being facilitated by the institute.