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-354965-20320Industry GuideHealthcare / Pharmaceuticals 020000Industry GuideHealthcare / Pharmaceuticals Overview: Healthcare relates to those companies who provide a health service, from primary physicians, to hospitals, to nursing homes. Large examples include Kaiser Permanente, Ascension Health, and HCA. Pharmaceuticals is the manufacturing of medicine from plant/chemical base to prevent disease.Hiring Outlook and Trends: Industry Employment Growth - Bureau of Labor StatisticsIncreasingly Informed Patients — Consumers are more aware of their health status and appropriate diagnostic care. Many patients use the Internet to access websites such as WebMD to research diseases and symptoms, and join online communities to discuss health issues and concerns. With insurance companies limiting doctor office visits to as little as five minutes, many patients are now taking it upon themselves to increase their medical knowledge, unwilling to rely solely on the advice of hurried medical professionals.Employment Continues to Rise — Despite a pending shortage of doctors and nurses in the coming decade, employment in the US health care sector increased over 20% in a recent 10-year period. Employment in the sector is expected to increase about 19% by 2024 (from 2014), with the strongest growth expected in healthcare support occupations, healthcare practitioners, and technical occupations.Consolidation — Changing reimbursement practices and other reform measures have spurred unprecedented consolidation in the healthcare industry, altering the competitive landscape. Hospitals have been buying competitors, independent physician groups, and insurance companies, all to get a better handle on cost containment, patient care data, and revenue streams. Physicians are joining group practice organizations or affiliating with hospitals to gain efficiencies and reduce risk. Participation is growing in accountable care organizations (ACOs), which are networks of hospitals, physicians, and other providers that coordinate patient care.Outsourcing Services — To lower operating costs, hospitals and clinics are increasingly outsourcing services to third-party providers. Food service, housekeeping, laundry, IT, pharmacy, inpatient care management, and ER services can be outsourced to independent contractors, boosting margins and increasing efficiencies.What Employers are seeking:Core Competencies For most Big Pharma companies, their core competency is development research and regulatory know-how or sales and marketing. Some might suggest or claim specific therapeutic area focus or disease target expertise. For others, it could be acquisition prowess. Many Big Pharma companies are established based on their most recent product launch or pipeline drug accomplishment.Skills and Experience MBA, BA/MS in healthcare, analytics, business, STEM, communications, sales, marketing. The modern pharmaceutical lab has plenty of high-tech equipment that scientists will need to get to grips with – but the traditional skills acquired during your first degree are paramount. Potential employees need to experience what happens when things don’t go to plan, scientists who can cope with huge amounts of data generated by computers in today’s pharma companies are highly desirable, analytics/numeracy is another vital basic skill. A pharmaceutical sales representative sells a technologically advanced product to highly intelligent physicians in a very professional environment. Enthusiasm for science is important! As it pertains to pharmaceutical sales, candidates with a healthcare or clinical background may have an edge. A strong record of accomplishments is also important. Other traits mentioned by experts as helpful in landing a job in this field are being organized, goal-driven, creative, polished, persuasive, motivated, energetic, trustworthy, willing to learn, aggressive, smart, ethical, confident, ambitious, positive, self-starting, patient, persistent, a problem-solver, a team player who also performs well independently, a good time-manager and ability to prioritize, and a personable great communicator. Additional desirable traits include good listening skills, integrity, negotiation skills, and presentation skills. You should have good physical stamina for the long hours and all the driving you will likely do, as well as carrying hefty sample cases. You may be required to travel and relocate.Certifications / Technical Skills: Certified Pharmaceutical Industry Professional (CPIP)Biomedical Auditor – CBAManager of Quality/Organizational Excellence – CMQ/OEPharmaceutical GMP ProfessionalQuality Auditor – CQASix Sigma Black Belt – SSBBSix Sigma Green Belt – SSGBSample Employers Becton DicksonDuPontCareFirst Kaiser Permanente?Sample Job TitlesDirector Publications and Scientific ContentDirector, Scientific AffairsField Support Scientist, BiopharmaField Coordinator Inside Sales RepresentativeProject Manager, Global Biologics OperationsAccount Development Manager Watson Health - Business Analyst Healthcare Management Analyst, JuniorHealth Operations AnalystGeographic Distribution / Global opportunities (Top 10 Firms) ?CompanyLocationRecruit MBAs?CVS HealthWoonsocket, RIYMcKessonSan Francisco, CAYUnited Health GroupMinnetonka, MNYAmerisourceBergenChesterbrook, PAYExpress ScriptsSt. Louis, MONCardinal HealthDublin, OHYWalgreensDeerfield, ILYJohnson & JohnsonNew Brunswick, NJYAnthemIndianapolis, INYAetna Hartford, CTYResourcesCenter for Health Information & Decision Systems (CHIDS)Supply Chain Management Center (SCMC)Careers4Terps One-Page Industry Guide: Global Health - One-Page Industry Guide: Community Health - One-Page Industry Guide: Healthcare - One-Page Industry Guide: Personal Training - One-Page Industry Guide: Public Health - MBA Club - Healthcare Business Association - Health Care Association - Hospital Association - Biopharmaceutical Association Alliance - Pharmaceutical Research and Manufacturers of America, PhRMA - Pharmafile Scientist TimelinesThe industry hires all year without a formal recruiting process. ?Programs identified for college programs typically follow the traditional fall/spring recruitment cycles. College programs: ?Full time and internship recruiting takes place in September and October. ?Certain experiential and leadership programs recruit in the springtime during the months of February and March. ?Compensation: ?MBA:$102,296.00Source: US News, reported March 23, 2017Entry-level:$55k Source: ? ................
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