COVID-19 has put the global business sector into chaos. Globally, infectious disease prevention, social service delivery, help to health workers, and livelihood protection are all major issues. Due to a scarcity of equipment and supplies in every country, countries have been compelled to rethink their healthcare and medical supply chains, as well as livelihood-related items.
As a result, pharmaceuticals, equipment, and medical supplies will be manufactured and bought domestically. The pandemic has also enhanced the use of research, statistics, and epidemiological surveillance, all of which are routinely used in public health. As a result, health care and hospital administration will garner significant attention.
The Challenges Faced By The Healthcare & Medical Industry
As a result of the current scenario discussed above, the healthcare and medical industry is facing the following challenges:
- Increasing healthcare costs
- Tackling advanced health technology
- Application of AI software
- Investments if Healthcare based on AI
- Pressure and curbs on medical prices
- Lack of appropriate healthcare staffing
- External market disruption
- Changes in healthcare regulations
- Payment procedures and protocols
The Rise Of Jobs in Hospital And Healthcare Services
Depending upon the skills and training, numerous job openings have formed in the healthcare sector. Similarly, at the same time, the requirement of PGDM healthcare management studies or an MBA can be seen amongst the job aspirants. The growth of occupations in-hospital healthcare enhances career opportunities in this field. The following are the top jobs in the hospital and healthcare industry:
- Home Health Aid: Increasing number of home ICUs and home treatment plans has also increased the requirement for trained home medical staff.
- Occupational Therapy Aid: Stretches, Exercises, and physiotherapy form an integral part of occupation therapy aid. They help children and adults with physical disabilities to ensure proper social and personal life.
- IT project manager: A lot of maintenance and coordination is required when such huge amounts of staff are deployed. In such a case, a good IT project manager can lead the team. IT professionals have significant job growth and security, owing to the exponential growth of telemedicine and integration projects, as well as the availability of data generated by electronic health records and software analytics. Even if you are not an IT specialist, you may be able to start as an analyst and gain certain technical qualifications.
- Clinical Laboratory Technicians: Clinical laboratory technicians are professionals at determining whether or not a patient has a problem and providing information to doctors to help them provide the best possible treatment. Laboratory technicians are essential in ensuring that each patient receives individualized care.
- Behavioral Health Services Manager: A good psychotherapist and psychiatrist ensure that the patient maintains and grows in positive mental health and learns how to cope up well with recurring life difficulties and possible negative emotions.
Entrepreneurship Opportunities in Healthcare Management
Entrepreneurship and healthcare are inextricably linked through the way business practices shape the industry. Traditional healthcare is being transformed by the application of business concepts by healthcare BBAs, MBAs, PGDM hospital management graduates, and other healthcare professionals. Market incentives are luring experienced entrepreneurs and investors into the healthcare industry, where they discover an open market receptive to new ideas and technologies. Here are the biggest entrepreneurial opportunities available in the Indian and foreign markets:
- Pediatric Care Centre
- Telemedicine Software
- Housekeeping Services
- Insurance companies and advisors
- Medical tourism
- Data Analysis
- Spa & Wellness Centre
- Palliative Care Centre
- Geriatric Care Centre
How To Become A Competent Healthcare Professional?
The base of every professional is a solid educational experience and degree. Even if you do not have a degree, you can still achieve your professional dreams in the healthcare sector. However, it is always preferable to have a PGDM in health care, MBA in health care or to have done a hospital and healthcare management course. The education helps one develop the following skills for a solid career:
- Clear Communication
- Hands-on experience through drills ad case studies
- Good business etiquettes
- Leadership quality
- Work Experience
How A Degree Course in Healthcare & Hospital Management Works?
MBA or PGDM in health management scope is huge. The curriculum of these courses in hospital and healthcare management is designed to enable qualified students to conduct research, evaluate, and present data and arguments in support of hospital and healthcare facility management and administration. Students are taught about technological advancements as well as healthcare legislation and regulations. The high application-based course develops one into a competent professional.
There is a huge dearth of opportunities available in the market. All one needs is the right skill set and opportunity to make their name and help the world largely through the healthcare industry. WeSchool is India’s one of the fastest-growing B-schools and offers a wide variety of business study programs. Located in Mumbai and Bangalore, it has associated with more than 350 national and international recruiters on the campus.