Healthcare consulting is a rapidly growing subset of consulting. The current timetable for healthcare consulting is opportune thanks to the healthcare reforms enacted by the Obama administration. The healthcare mandates affect all segments of the industry, including providers (doctors and hospitals), payers (insurance companies), life-sciences (pharmaceutical companies), and support (healthcare product distribution). Unlike other industries, health care companies have to adjust to the changes resulting from the recent healthcare reform laws in order to avoid fines and reduction in subsidies by the government. In fact, Lan explains, “lots of companies, especially on the insurance side, are doing a lot of work to understand changes [mandated by the government] that are about to happen.” They seek consultants more than ever to project what healthcare will be a few years down the road and to meet the requirements set by the government.
A common misconception about Biomedical Engineering is that one would only be limited to few career pathways. However, with a Biomedical Engineering major, there’s far more career paths one could think of. One of which, consulting, is a direct way of applying the problem solving strategies that this major trains us with. This is a great article looking into this commonly unknown career.