BA Healthcare domain |Gaining entry and establishing presence |How to get it done?

Business analysts are professionals who facilitate businesses to carry on their business smoothly without any operational hiccups. Business Analysts are in heavy demand across all industries; including manufacturing and services. Business Analysts with specialized knowledge in healthcare domain can carve out a splendid career that will be globally recognized and respected along with handsome pay packages.

A day in the life of healthcare domain Business Analyst

The two main job responsibilities of a Business analysts in healthcare domain are summarized as under:

Problem identification: The job profile of a business analyst revolves around finding solutions to problems that may arise in the operation cycle. The BA must be proactive to identify issues even before they crop up and take contingency plans to mitigate risk.

Data gathering: It is the primary responsibility of a business analyst to gather data from all sources and use it for analysis and interpretation. The BA must employ tactics like predictive analysis and statistical techniques to find exceptions.  Once the models throw out some vital stats, the BA must sketch a solution/policy around it for process improvement.

A gist of popular BA analyst certification in healthcare domain are under:

Project Management Institute – Professional Business Analyst (PBA)

A certification any graduate or individual with global equivalent educational qualification can attempt. The exam pattern consists of 200 multiple choice questions. Practical experience of more than 7,500 hours in healthcare business analysis is a prerequisite.

Who should opt for it?

The PBA is an ideal choice for already practicing business analysts without any or insignificant certifications in their resume. Project managers, business analysts, project team leads, etc. are the ideal candidates for PBA offered by PMI.

International institute of Business Analysts – Certified Business Analysis Professional

Offered by the IIBA, this certification requires a candidate to complete at least 21 hours of professional training and 7,500 hours of real scenario business analysis experience. The exam spans 3.5 hours and will test the candidate with 150 multiple-choice questions.

Who should opt for it?

Business analysts with more than 4 years of experience can scale their career. The combined benefits of CBAP certification and working experience will definitely lead to multiple increase in remuneration. Other ideal candidates include: senior analysts, project managers, etc.

Who counts as an ideal candidate? 

Precisely, a god people manager with hands-on experience on process management and improvement. A Business Analyst in healthcare domain will be required to plan, implement and oversee several business processes that are native to the healthcare domain. An ideal candidate will have to continuously reinvent existing processes to achieve superior efficiency.

From an employer’s point of view, an ideal Business Analyst will be someone with recognizable academic credentials like BA healthcare certification earned from a reputed organization. They must also management skills that will bring costs down while boosting employee productivity and organizational profitability considerably. For this Business Analysts carry out information gathering and market study using mathematical models, predictive analysis or may even resort to the use of software.  

Salary and career outlook of BA in healthcare domain

Payscale.com reports the media salary of a Business Analyst in healthcare domain to be $58,966 per annum. The beginning pay range is $46,000 and the highest recorded pay is $79,000. Professionals with Business Analyst Certification in Healthcare cannot be expected to have more than a decade or so of experience.

This is a relatively new field that attained prominence with the advent of elaborate system based business processes in healthcare. However, professionals with recognized BA healthcare training and considerable experience can be expected to receive higher pay than an average business analyst.

The career outlook for a professional with BA healthcare certification is nothing short of highly promising. The U.S. Bureau of Labor Statistics (BLS) reports that the demand for Business Analysts with experience will reach its peak by 2016 to 2022 when the median annual pay will cross $81,000 at least.

To wrap it up

Business in healthcare domain is a fast catching up field of practice. Individuals with BA healthcare certification and experience can gain massive career breakthroughs. As a globally recognized profession, it is also a perfect choice for anyone who wants to have a challenging job profile.