On Monday, IIM Kashipur, the premier management institute in India, hosted an event on its campus during which a Memorandum of Understanding (MoU) was signed between IIM Kashipur and Max Healthcare Ltd., the premier healthcare organization in India. To meet the rising demand for trained personnel in the healthcare industry, both organizations decided to launch a Postgraduate Diploma in Hospital Management. Prof. Kulbhooshan Balooni, Director of IIM Kashipur, and Umesh Gupta, Senior Director of Human Resources at Max Health Care Ltd., signed the agreement at this time.
The nine-month Postgraduate Programme in Hospital Management will cater solely to executives and managers seeking to develop and expand their hospital operations expertise. Both organizations have also agreed to collaborate on research, seminars, and other academic endeavors.
Prof. Kunal Ganguly, Dean (Development) of IIM Kashipur, stated on this occasion, “This collaboration is a milestone in IIM Kashipur’s efforts to diversify its educational offerings and contribute to the healthcare sector.” The first program of its kind will be launched by the end of the year at IIM Kashipur, where classes will be taught by faculty from both IIM Kashipur and Max Healthcare, in addition to receiving hands-on training at Max hospitals.
According to Umesh Gupta, Senior Director-HR and Chief People Officer at Max Healthcare Ltd, “in response to the rapid growth of the healthcare industry and the rising demand for skilled hospital operations managers, we have meticulously designed a blended program. This program integrates live lectures delivered by distinguished faculty from IIM Kashipur, insights from Max Healthcare’s senior management, and cutting-edge e-learning content. This unique combination of knowledge, digital tools, and techniques, coupled with immersion at Max Healthcare, equips participants with a comprehensive set of skills.”
According to the Economic Survey 2022-23, India’s healthcare spending as a percentage of GDP will increase to 2.1% in FY23 from 2.2% in FY22 and 1.5% in FY21, and the global healthcare market will expand by 2030. Given the growth of the healthcare industry and the extraordinary demands of skillful operations managers in hospitals, this blended program will help fulfill the increased demand for a skilled workforce in the industry.
IIM Kashipur, a prestigious Indian management institute, climbed from 33rd place in the NIRF ranking in 2021 to 19th place in 2023 among the top 50 Management Institutes/Colleges in India, according to the Ministry of Education’s recently released National Institutional Ranking Framework (NIRF)-2023 ranking. According to an official statement from the institute, the highest annual salary offered at IIM Kashipur this year was Rs 37 lakh, while the average cost to the company (CTC) was Rs 18.11 lakh.
