Healthcare sector
in India is in alacritous boom due to increased population. Innovative
technologies, processes, and partnerships with the Governments and private
companies have begun bridging the health care gap. Despite Indian excellence in
several spheres of health care delivery, there remains a significant gap in
terms of a number of beds or number of doctors available which is far below the
below the World Health Organization requirement of 1:250.Apart from this, the
sector is surrounded with multiple issues in regards to infrastructure,
availability of adequate investment, skilled human resources etc.
Headways in
expanding health insurance coverage for the poor, building hospitals in smaller
towns, using technology for safer drinking water and improving treatment
outcomes are in underway to bridge the gap between the rural and urban
healthcare delivery systems. An example of which includes the cost of Heart
Surgeries in India is less than a tenth of what they would in the United States
and health insurance that costs less than a dollar for an entire family.
Effective running
of complex structured hospitals involves in latching the possible gaps at all
levels of the various departments. A multispecialty hospital in Bangalore which
runs a network of hospitals involves in providing heart bypass surgery at a
very low cost by proper cost containment in the internal processes and
carefully structured alliances with the insurers and other health care service
providers. They concentrate directly by allocating the money to medicines,
materials, and people and the most striking feature is that they rent the
machines instead of owning it. This makes this hospital to outstand itself in
providing a quality care service to people by bridging one of the major gaps in
resource allocation and financial management.
India’s health care
industry needs managers with “knowledge about the reality at the ground level”
to help grapple with those challenges. Leaders also need to understand the
scope of India’s health care gaps, work to build infrastructure to reach rural
pockets, and to create innovative financing to deliver health care to the
underprivileged. Putting in place public-private partnerships and roping in
support from global players ought to be the thrust areas for the Indian Healthcare service industries. Though India’s private health insurance industry
grew its business volumes, the major gap existing at present is that the large
part of the population remains uninsured. Indians who incur expenditures on
major health problems becomes indebted for life.
Despite the fact
that India and other emerging economies have the highest growth opportunity
from commercial and innovation perspectives, the country has yet to develop
enough investment appeal for big pharmaceutical companies to locate research
hubs. The pharmaceutical companies consider both macro and micro factors that
include scientific and technical talents, infrastructure, government
involvement and existing hubs of innovation.
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