In a significant move aimed at addressing the escalating demand for skilled healthcare management professionals, the Indian Institute of Management (IIM) Kashipur signed a Memorandum of Understanding (MoU) with Max Healthcare Ltd., a leading player in the healthcare sector on Tuesday (September 12).
The MoU signing took place at the IIM Kashipur campus, where Prof. Kulbhooshan Balooni, Director of IIM Kashipur, and Umesh Gupta, Senior Director-HR at Max Healthcare Ltd., penned the agreement.
The collaboration between these two institutions will give rise to a nine-month Post Graduate Programme in Hospital Management. Tailored to cater exclusively to executives and managers looking to augment their expertise in hospital operations, this program promises to equip participants with the necessary skills to navigate the intricate healthcare landscape, they said in a joint statement.
The partnership also entails joint research initiatives, seminars, and other academic collaborations to foster knowledge exchange.
Prof. Kunal Ganguly, Dean (Development) at IIM Kashipur, expressed his enthusiasm for the collaboration, stating, "This collaboration is a milestone for IIM Kashipur to diversify its education offering and contribute to the healthcare sector."
He further added that the inaugural program is slated to commence by the end of the year, featuring faculty from both IIM Kashipur and Max Healthcare, complemented by hands-on training opportunities at Max hospitals.
According to Umesh Gupta, Senior Director-HR and Chief People Officer at Max Healthcare Ltd., "This program seamlessly integrates live lectures delivered by distinguished faculty from IIM Kashipur, insights from senior management at Max Healthcare, and cutting-edge e-learning content. This unique blend of knowledge, digital tools, and techniques, combined with hands-on experience gained through immersion at Max Healthcare, equips participants with a comprehensive skill set.."
The timing of this collaboration couldn't be more pertinent. India's healthcare spending as a proportion of GDP is projected to rise to 2.1 percent in FY23 from 2.2 percent in FY22 and 1.6 percent in FY21, as per the Economic Survey 2022-23. Additionally, the global healthcare market is expected to witness substantial expansion by 2030.
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