Development of Healthcare Management Education for Healthcare Managers in the 21st century Presentation by Professor Dr Ismail Rejab International Business School INSPIRING CREATIVE AND INNOVATIVE MINDS International Business School ● Revisit the IBS Video ● MBA Programs at IBS – – – – – MBA Techno-entrepreneurship MBA Strategic Management MBA Venture Capital Management Executive MBA MBA Healthcare Management Presentation Coverage ● Economic History of Malaysia ● History of Medical and Healthcare ● Development of Healthcare and Private Healthcare Businesses ● MBA Healthcare Management at UTM ● Profile of Healthcare Managers in the 21st Century INSPIRING CREATIVE AND INNOVATIVE MINDS Economic History of Malaysia ● Early 50’s to Independence in 1957: Agrarian Economy; agriculture, mining and forestry ● 1960-1980’s national economic development with emphasis on rural development supported by town and city infrastructure development ● 1981-1990’s Industrial Development for import substitution conducted in major cities: the capital city of Kuala Lumpur, Petaling Jaya, Penang ● 1990’s and beyond: Heavy Industries: automobile, trucks, iron and steel, manufacturing, etc INSPIRING CREATIVE AND INNOVATIVE MINDS History of Healthcare ● Healthcare Started at Hospitals ● Medical Institution, managed by Medical Doctors ● Hospitals are Government Institutions ● Medical Services are parts of Government’s responsibilities ● Provided as part of Social Services that are highly subsidized INSPIRING CREATIVE AND INNOVATIVE MINDS History of Healthcare ● Things different in Western countries ● Less of Government Intervention except for planning and legislation ● Mostly private sector initiatives ● From Pharmacy to Hospitalization Care ● Major Medical Insurance mandatory for everyone ● To cover cost of medical care and cost of hospitalization and surgery INSPIRING CREATIVE AND INNOVATIVE MINDS Development of Healthcare ● 21st Century witnessed changes in healthcare ● Escalation of Healthcare Cost necessitates governments to change their strategy ● Two-tier system in Malaysia: Government hospitals highly subsidized affordable to the poor but very congested with patients ● Private healthcare services expensive but a little efficient (comparatively fast delivery) INSPIRING CREATIVE AND INNOVATIVE MINDS Development of Healthcare ● Private healthcare is a business offered through chains of Private Hospitals ● Multi-million Dollar Business with Modern facilities ● Healthcare Services even Globalized with Private Chain Hospitals going overseas ● Patients from foreign countries involved in medical tourism INSPIRING CREATIVE AND INNOVATIVE MINDS Healthcare Businesses ● Private healthcare business is Market (patient) oriented: run as a business venture with profitability in mind ● Medical ethics and responsibility seemingly intact ● Including adoption of prevention apart from pure curability ● Treatment facilities (curability) as well as wellness program (prevention) INSPIRING CREATIVE AND INNOVATIVE MINDS Healthcare Management Education ● Several models of Healthcare Management education ● But each includes courses on Management of Healthcare and hospitals ● Involving management courses applied to healthcare ● Taught by medical personnel as well as managers experienced in the medical field INSPIRING CREATIVE AND INNOVATIVE MINDS MBA Healthcare Management ● At IBS, it is patterned on the MBA curricula ● Divided into: − MBA Core − Management Skill Courses − Business Law − Healthcare Projects − MBA Electives INSPIRING CREATIVE AND INNOVATIVE MINDS MBA Core Courses ● MBA Core ● Focused on Economics and functions of business (management, marketing, accounting and finance) ● Examines impact of technology on management, marketing oriented towards market, accounting as a management tool and the financial aspects of business ● In line with healthcare as a business conducted for profit INSPIRING CREATIVE AND INNOVATIVE MINDS Management Skill Courses ● Management Skill Courses ● Skills to manage human resources along with the need to strategize the business with the support of health informatics (computer Information Technology) ● Skills to acquire information up to global level ● within the border of law and ethics to understand business where managers learn continuous practice (through case study) INSPIRING CREATIVE AND INNOVATIVE MINDS Healthcare Project ● Health care Project through Case Study ● Actual study of healthcare issues and problems in healthcare delivery and hospital management ● Patient waiting time, efficiency of emergency services, overall cost-effective healthcare delivery, equitable service price determination, demand for new product, etc INSPIRING CREATIVE AND INNOVATIVE MINDS Healthcare Project ● Healthcare Projects not mere academic exercises ● Projects that are applicable to solve actual problems in hospitals ● Graded on: − accuracy of methodology and results − applicability and problem solving ability INSPIRING CREATIVE AND INNOVATIVE MINDS MBA Electives ● Final cohort of courses to complete and refine understanding ● Students choose to complement completeness of understanding like: −Creativity and Innovation −Tax and Business Strategy −Quality and Change Management, etc ● Towards Creating a Healthcare Manager for the 21st Century INSPIRING CREATIVE AND INNOVATIVE MINDS 21st Century Healthcare Managers ● Our Vision of Healthcare Managers (learning outcomes) − Integrity and Honesty (in in shared values) values − Strong Leadership with a flair for business creativity and innovation − Skillful in Managing (Optimizing Optimizing the added values to People and Resources) − Highly Knowledgeable and practical (healthcare applied to business) − Hardworking and Performance oriented − Focused on goal achievement (business and healthcare) INSPIRING CREATIVE AND INNOVATIVE MINDS Profile of Healthcare Managers ● Integrity , honesty and shared values ● Teamwork the engine for organizational success and performance ● Governed by shared values of the organization ● Balancing Medical ethics and goal of business profitability ● Strengthened with integrity and honesty INSPIRING CREATIVE AND INNOVATIVE MINDS Profile of Healthcare Managers ● Creative and Innovative Leadership ● Organizations are not stagnant but dynamic ● Competition demands continuous innovation in healthcare (curative and prevention) ● Threats from new diseases (H1N1, recurring TB, etc) and escalating cost of healthcare INSPIRING CREATIVE AND INNOVATIVE MINDS Profile of Healthcare Managers ● Skillful in Managing ● Managers ought to have passion for turning-on people ● Optimizing added values to resources ● Intelligent enough to create human zest and extra mileage from limited resources ● Drawn from creativity and innovation INSPIRING CREATIVE AND INNOVATIVE MINDS Profile of Healthcare Managers ● Knowledgeable and Practical ● Knowledge is power while being practical is “making things done” (deliver) ● Twin pillars of organizational success ● Building the edge of competitive advantage ● Manager is the competitive advantage himself INSPIRING CREATIVE AND INNOVATIVE MINDS Profile of Healthcare Managers ● Hardworking and PerformancePerformance-oriented ● Healthcare business is a serious business of dealing with humans to make money ● As opposed to innate objects (products) ● Success greatly depends on performance drawn from sheer hard work ● the passion to deliver on time INSPIRING CREATIVE AND INNOVATIVE MINDS Profile of Healthcare Managers ● Focused on Goal Achievement ● Not with instability of focus but a believer with firm decision-making ability ● Focused towards goal achievement but not denying the importance of: ● PR, Ability to Communicate and a host of other soft skills in the 21st Century ● Healthcare Manager is a man of all seasons in goal achievement INSPIRING CREATIVE AND INNOVATIVE MINDS Profile of Healthcare Managers Merci Beaucoup INSPIRING CREATIVE AND INNOVATIVE MINDS