{"id":220,"date":"2020-10-26T05:12:45","date_gmt":"2020-10-26T05:12:45","guid":{"rendered":"https:\/\/blogs.isb.edu\/healthcare\/?p=220"},"modified":"2025-12-31T09:24:27","modified_gmt":"2025-12-31T09:24:27","slug":"karandave","status":"publish","type":"post","link":"https:\/\/blogs.isb.edu\/healthcare\/2020\/10\/26\/karandave\/","title":{"rendered":"Solved real-world problems of the healthcare ecosystem at AMPH"},"content":{"rendered":"

Karan Dave,\u00a0<\/span><\/span>a healthcare consultant<\/span><\/span>, shares his journey of transformation from being a\u00a0<\/span><\/span>s<\/span><\/span>cience graduate to becoming\u00a0<\/span><\/span>the facility director at Health City Cayman Islands and his work as\u00a0<\/span><\/span>a healthcare consultant<\/span><\/span>\u00a0now<\/span><\/span>. Karan is an alumnus<\/span><\/span>\u00a0<\/span><\/span>of AMPH Co 2017.<\/span><\/span><\/em><\/span><\/p>\n

On\u00a0<\/b>his\u00a0<\/b>current work and profession<\/b>\u00a0<\/span><\/p>\n

I\u00a0<\/span><\/span>am<\/span><\/span>\u00a0<\/span><\/span>a\u00a0<\/span><\/span>healthcare consultant\u00a0<\/span><\/span>based in the\u00a0<\/span><\/span>Caribbean region<\/span><\/span>\u00a0who is\u00a0<\/span><\/span>constantly exploring avenues to\u00a0<\/span><\/span>improve<\/span><\/span>\u00a0the patient experience while maximizing\u00a0<\/span><\/span>the\u00a0<\/span><\/span>shareholders<\/span><\/span>\u2019<\/span><\/span>\u00a0value in the company. I\u00a0<\/span><\/span>work directly with client leaders and frontline operators to drive change that is critical to\u00a0<\/span><\/span>the\u00a0<\/span><\/span>successful realization of goals.\u00a0<\/span><\/span>My<\/span><\/span>\u00a0engagements are typically focused on growth solutions that leverage cutting<\/span><\/span>–<\/span><\/span>edge assets and expertise,\u00a0<\/span><\/span>r<\/span><\/span>evenue\u00a0<\/span><\/span>c<\/span><\/span>ycle\u00a0<\/span><\/span>m<\/span><\/span>anagement capabilities across the value chain to ensure maximum value capture,\u00a0<\/span><\/span>and\u00a0<\/span><\/span>pricing capabilities that enable providers to excel along the full managed care.<\/span><\/span>\u00a0<\/span><\/span><\/p>\n

On the turning point in your career<\/b> <\/span><\/p>\n

It\u00a0<\/span><\/span>happened when<\/span><\/span>\u00a0<\/span><\/span>I decided to leave the<\/span><\/span>\u00a0<\/span><\/span>corporate office and join the flagship hospital of Narayana Health as\u00a0<\/span><\/span>a\u00a0<\/span><\/span>Lead<\/span><\/span>,\u00a0<\/span><\/span>O<\/span><\/span>pera<\/span><\/span>tions. It was this stint at\u00a0<\/span><\/span>a\u00a0<\/span><\/span>600<\/span><\/span>–<\/span><\/span>bed multispecialty hospital\u00a0<\/span><\/span>tha<\/span><\/span>t<\/span><\/span>\u00a0allowed me\u00a0<\/span><\/span>to work with <\/span><\/span>frontline<\/span><\/span>\u00a0operators<\/span><\/span>.<\/span><\/span>\u00a0<\/span><\/span>I was<\/span><\/span>\u00a0<\/span><\/span>also\u00a0<\/span><\/span>a part of an exclusive Operational Improvement Engagement with McKinsey & Co. where I\u00a0<\/span><\/span>could\u00a0<\/span><\/span>create<\/span><\/span>, recreate<\/span><\/span>,\u00a0<\/span><\/span>and\u00a0<\/span><\/span>control<\/span><\/span>\u00a0processes\u00a0<\/span><\/span>that directly impacted\u00a0<\/span><\/span>the\u00a0<\/span><\/span>clinical, operational and financial outcomes of the unit.<\/span><\/span>\u00a0<\/span><\/span><\/p>\n

On taking up management education<\/b>\u00a0<\/span><\/p>\n

I was in\u00a0<\/span><\/span>the\u00a0<\/span><\/span>second year of graduat<\/span><\/span>ion<\/span><\/span>\u00a0when I\u00a0<\/span><\/span>was<\/span><\/span>\u00a0exposed to the concept of\u00a0<\/span><\/span>business behind\u00a0<\/span><\/span>the\u00a0<\/span><\/span>medicine. After all, people will always need medical treatment<\/span><\/span>\u00a0and it<\/span><\/span>\u00a0is a noble<\/span><\/span>\u00a0industry. This led me to pursue\u00a0<\/span><\/span>a\u00a0<\/span><\/span>Masters in Hospital Administration from IIHMR Jaipur,<\/span><\/span>\u00a0followed by the\u00a0<\/span><\/span>Advance<\/span><\/span>d<\/span><\/span>\u00a0Management\u00a0<\/span><\/span>Program<\/span><\/span>me<\/span><\/span>\u00a0<\/span><\/span>for Healthcare at\u00a0<\/span><\/span>ISB.\u00a0<\/span><\/span>While I already had the MHA degree, the AMPH provided a comprehensive outlook into the world of business. Sitting in the classroom again was altogether a different experience this time as the students had decades of experience in various segments of healthcare ecosystem, and this allowed deeper simulation of real-world problem-solving.<\/span><\/span><\/span><\/p>\n

On opportunities post AMPH<\/b>\u00a0<\/span><\/p>\n

While I was pursuing<\/span><\/span>\u00a0<\/span><\/span>A<\/span><\/span>MPH\u00a0<\/span><\/span>at ISB,\u00a0<\/span><\/span>I got elevated to\u00a0<\/span><\/span>the post of\u00a0<\/span><\/span>Facility Director<\/span><\/span>\u00a0at<\/span><\/span>\u00a0Narayana Health\u2019s flagship hospital<\/span><\/span>\u00a0\u2013\u00a0<\/span><\/span>Narayana\u00a0<\/span><\/span>Institute of Cardiac Sciences, B<\/span><\/span>e<\/span><\/span>ngal<\/span><\/span>uru<\/span><\/span>. During my stint\u00a0<\/span><\/span>there,<\/span><\/span>\u00a0I managed other network hospitals and clinics with P&L responsibility. I was also staged at the then-new acquisition of the group in\u00a0<\/span><\/span>the\u00a0<\/span><\/span>Delhi<\/span><\/span>–<\/span><\/span>NCR region to drive\u00a0<\/span><\/span>‘c<\/span><\/span>hange\u00a0<\/span><\/span>m<\/span><\/span>anagement<\/span><\/span>\u2019\u00a0<\/span><\/span>before moving to NH\u2019s only overseas JCI<\/span><\/span>–<\/span><\/span>accredited facility in the Cayman Islands as<\/span><\/span>\u00a0its<\/span><\/span>\u00a0Director\u00a0<\/span><\/span>of<\/span><\/span>\u00a0Operations. Here<\/span><\/span>,<\/span><\/span>\u00a0I was involved in\u00a0<\/span><\/span>developing building blocks for achieving budgeted revenues, cost and contribution lines for the unit while being responsible for translating corporate strategies into well-defined operational plans.<\/span><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Karan Dave,\u00a0a healthcare consultant, shares his journey of transformation from being a\u00a0science graduate to becoming\u00a0the facility director at Health City Cayman Islands and his work as\u00a0a healthcare consultant\u00a0now. Karan is an alumnus\u00a0of AMPH Co 2017. On\u00a0his\u00a0current work and profession\u00a0 I\u00a0am\u00a0a\u00a0healthcare consultant\u00a0based in the\u00a0Caribbean region\u00a0who is\u00a0constantly exploring avenues to\u00a0improve\u00a0the patient experience while maximizing\u00a0the\u00a0shareholders\u2019\u00a0value in the company. […]<\/p>\n","protected":false},"author":4,"featured_media":455,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false},"categories":[2],"tags":[11,12,13,29],"yoast_head":"\nSolved real-world problems of the healthcare ecosystem at AMPH - Max Institute of Healthcare Management<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.isb.edu\/healthcare\/2020\/10\/26\/karandave\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solved real-world problems of the healthcare ecosystem at AMPH - Max Institute of Healthcare Management\" \/>\n<meta property=\"og:description\" content=\"Karan Dave,\u00a0a healthcare consultant, shares his journey of transformation from being a\u00a0science graduate to becoming\u00a0the facility director at Health City Cayman Islands and his work as\u00a0a healthcare consultant\u00a0now. Karan is an alumnus\u00a0of AMPH Co 2017. On\u00a0his\u00a0current work and profession\u00a0 I\u00a0am\u00a0a\u00a0healthcare consultant\u00a0based in the\u00a0Caribbean region\u00a0who is\u00a0constantly exploring avenues to\u00a0improve\u00a0the patient experience while maximizing\u00a0the\u00a0shareholders\u2019\u00a0value in the company. 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