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Wealth in health

Hospital management is a profession that deals with the patient-doctor relationship.
Hindustan Times | By HT Correspondent, New Delhi
UPDATED ON SEP 22, 2011 11:30 AM IST

The lowdown
Hospital management is a profession that deals with the patient-doctor relationship. It is about connecting various hospital departments to achieve the objective of treating patients and provide non-clinical support to the medical and non-medical staff in performing their duties. Hospital managers play an important role in defining best practices to provide quality healthcare to patients

Called as the next big thing after IT, the healthcare industry is growing very fast
Hanish Bansal, CEO, RG Stone Urology and Laparoscopy Hospital

Clock Work
8am: Observation round begins
9am: Inter-departmental meetings
11.30am: Patient-visiting rounds
2pm: Quick lunch
4pm to 5pm: Resume work
7pm: Head for home

The payoff
Beginners can get anything between Rs10,000 to Rs12,000 a month. A deputy manager can take home Rs30,000 to Rs35,000 a month while the package of a COO/ CEO can be anywhere between Rs15 lakh and Rs25 lakh a year. A deserving candidate could earn more

. Patience, convincing power and ability to deliver
. Honesty and humility, to help solve not only the patient’s problems but also sort out issues among subordinates

Getting there
The first and foremost step is to opt for a hospital administration or hospital management degree from a recognised college. Bachelor of hospital administration is a three-year degree course for undergraduates. Minimum requirement is 10+2 pass with biology, aggregating 50 per cent marks. A masters in hospital administration is a two year postgraduate programme. Graduates in any discipline can apply for this course

FMS (Faculty of Management Studies), DU;
. AIIMS (Delhi); Institute of Social Sciences (Mumbai);
. Institute of Health Management Research (Jaipur and Bangalore); and
. Symbiosis Institute of Health Sciences (Pune);
. Armed Forces Medical College (Pune);

Pros and cons
. Opportunity to work in a booming industry
. Difficult to keep pace with changing industry demands
. A single error in judgment may ruin one’s career
. A very well-paying profession
. Highly competetive

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