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Health Sector in India - Possibilities & Growth

Taru Bakshi
Taru Bakshi
Taru BakshiManagement Trainee at Bunge India Pvt. Limited

Health Sector in India - Possibilities & Growth

Health Sector in India - Possibilities & Growth

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Sweta Pandey PRN: 1302041056
Banbhalang Kharpuri PRN: 1302041012
Taru Bakshi PRN: 1302041058
Preview of the health sector of a Country
Background of India’s Health Reforms

India’s health sector with respect to the top nations in the world
Major challenges for India in the Health Sector
What is being done to solve the challenges at hand?
Major Health care deals that has boost the health sector
Strategies
Conclusion
•Table of Contents
•Preview
•India’s achievements
so far
•Major Challenges
•Action currently being
taken to solve these
challenges
•Investment
•Strategies
•Strategy #1: Medical
Tourism
•Strategy #2:
Investment
•Strategy # 3:
Infrastructure
•Strategy #4: Donation
•Strategy #5: Society
Integration
•Where are we heading
now?
•Conclusion

•Universal

Access to basic needs
•Providing training & development of health
professionals.
• Research & Development
• Curb endemics, epidemics and pandemics.
• Reducing mortality and the likely disease load
(ex: TB, AIDS,HEPATITIS)
• Attention to vulnerable areas & sections

.

•Table

of contents
•Preview
•India’s achievements so far
•Major Challenges
•Action currently being taken
to solve these challenges
•Strategies
•Strategy #1: Medical Tourism
•Strategy #2: Investment
•Strategy # 3: Infrastructure
•Strategy #4: Donation
•Strategy #5: Society
Integration
•Where are we heading now?
•Conclusion








Death rate reduced.
Average life-expectancy increased
Several deadly diseases have been
eradicated
A chain of National Laboratories and
Research Centers
Number of hospitals and dispensaries has
increased to 68396.
•Table

of contents
•Preview
•India’s achievements so far
•Major Challenges
•Action currently being taken
to solve these challenges
•Investment
•Strategies
•Strategy #1: Medical Tourism
•Strategy #2: Investment
•Strategy # 3: Infrastructure
•Strategy #4: Organ Donation
•Strategy #5: Society
Integration
•Where are we heading now?
•Conclusion










Lack of trained doctors, physicians & nurses
Lack of medical infrastructure
Health Status and risks
Issue of malnutrition
Unequal distribution of resources and issue of low
cost but effective medical care
Lack of contribution by the society
Even though there is 100% FDI allowed in the
health sector, there is still not enough inflow.
•Table

of contents
•Preview
•India’s achievements so far
•Major Challenges
•Action currently being taken
to solve these challenges
•Investment
•Strategies
•Strategy #1: Medical Tourism
•Strategy #2: Investment
•Strategy # 3: Infrastructure
•Strategy #4: Organ Donation
•Strategy #5: Society
Integration
•Where are we heading now?
•Conclusion

•
•

•

•

Infrastructure status conferred
on healthcare industry
‰
Budgetary allocation to
healthcare – Rs 37330 (in
crores) from Rs 29272 (in
crores)
‰ depreciation.
40%
‰
Income tax exemption and
reduce duties.
Ad

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Health Sector in India - Possibilities & Growth

  • 1. Submitted by: Sweta Pandey PRN: 1302041056 Banbhalang Kharpuri PRN: 1302041012 Taru Bakshi PRN: 1302041058
  • 2. Preview of the health sector of a Country Background of India’s Health Reforms India’s health sector with respect to the top nations in the world Major challenges for India in the Health Sector What is being done to solve the challenges at hand? Major Health care deals that has boost the health sector Strategies Conclusion
  • 3. •Table of Contents •Preview •India’s achievements so far •Major Challenges •Action currently being taken to solve these challenges •Investment •Strategies •Strategy #1: Medical Tourism •Strategy #2: Investment •Strategy # 3: Infrastructure •Strategy #4: Donation •Strategy #5: Society Integration •Where are we heading now? •Conclusion •Universal Access to basic needs •Providing training & development of health professionals. • Research & Development • Curb endemics, epidemics and pandemics. • Reducing mortality and the likely disease load (ex: TB, AIDS,HEPATITIS) • Attention to vulnerable areas & sections .
  • 4.  •Table of contents •Preview •India’s achievements so far •Major Challenges •Action currently being taken to solve these challenges •Strategies •Strategy #1: Medical Tourism •Strategy #2: Investment •Strategy # 3: Infrastructure •Strategy #4: Donation •Strategy #5: Society Integration •Where are we heading now? •Conclusion     Death rate reduced. Average life-expectancy increased Several deadly diseases have been eradicated A chain of National Laboratories and Research Centers Number of hospitals and dispensaries has increased to 68396.
  • 5. •Table of contents •Preview •India’s achievements so far •Major Challenges •Action currently being taken to solve these challenges •Investment •Strategies •Strategy #1: Medical Tourism •Strategy #2: Investment •Strategy # 3: Infrastructure •Strategy #4: Organ Donation •Strategy #5: Society Integration •Where are we heading now? •Conclusion        Lack of trained doctors, physicians & nurses Lack of medical infrastructure Health Status and risks Issue of malnutrition Unequal distribution of resources and issue of low cost but effective medical care Lack of contribution by the society Even though there is 100% FDI allowed in the health sector, there is still not enough inflow.
  • 6. •Table of contents •Preview •India’s achievements so far •Major Challenges •Action currently being taken to solve these challenges •Investment •Strategies •Strategy #1: Medical Tourism •Strategy #2: Investment •Strategy # 3: Infrastructure •Strategy #4: Organ Donation •Strategy #5: Society Integration •Where are we heading now? •Conclusion • • • • Infrastructure status conferred on healthcare industry ‰ Budgetary allocation to healthcare – Rs 37330 (in crores) from Rs 29272 (in crores) ‰ depreciation. 40% ‰ Income tax exemption and reduce duties.
  • 7. •Table of contents •Preview •India’s achievements so far •Major Challenges •Action currently being taken to solve these challenges •Major health care deals boosting the economy •Investment •Strategies •Strategy #1: Medical Tourism •Strategy #2: Investment •Strategy # 3: Infrastructure •Strategy #4: Organ Donation •Strategy #5: Society Integration •Where are we heading now? •Conclusion • • • • Apollo recently launched a telemedicine service India's largest private sector general insurer, referred to another innovative governmentsponsored, public-private effort to provide health insurance to India's poor. Rashtriya Swasthya Bima Yojana (or national health insurance program) Tata Chemicals recently launched what is called "a water filter appropriate for the needs of the country.“
  • 8. •Table of contents •Preview •India’s achievements so far •Major Challenges •Action currently being taken to solve these challenges •Major health care deals boosting the economy •Investment •Strategies •Strategy #1: Medical Tourism •Strategy #2: Investment •Strategy # 3: Infrastructure •Strategy #4: Organ Donation •Strategy #5: Society Integration •Where are we heading now? •Conclusion   Investment refers to the amount of expenditure as a percentage of GDP being directed towards the health sector. To cater to a population of 1 Billion, it is evident that the amount of investment allocted is not enough. Also, to increase the level of investment, private investment has to be promoted with incentives, tax benefits, etc.
  • 10. •Table of contents •Preview •India’s achievements so far •Major Challenges •Action currently being taken to solve these challenges •Major health care deals boosting the economy •Strategies •Strategy #1: Medical Tourism •Strategy #2: Investment •Strategy # 3: Infrastructure •Strategy #4: Organ Donation •Strategy #5: Society Integration •Where are we heading now? •Conclusion  Medical Tourism Definition  Strategies Collaboration with the countries top institutions in health care for training Translators in every hospital Provide transportation system Setting up accounts for convenient transfer of follow up documents International Village     
  • 11. •Table of contents •Preview •India’s achievements so far •Major Challenges •Action currently being taken to solve these challenges •Major health care deals boosting the economy •Strategies •Strategy #1: Medical Tourism •Strategy #2: Investment •Strategy # 3: Infrastructure •Strategy #4: Organ Donation •Strategy #5: Society Integration •Where are we heading now? •Conclusion  Pros This can be used as an incentive to develop our local medical capacities in terms of human as well as in terms of infrastructure.  Cons This will create diversion of resources in terms of human as well as material that is available to citizens of our country.
  • 12. •Table of contents •Preview •India’s •Major achievements so far Challenges •Action currently being taken to solve these challenges •Major health care deals boosting the economy •Investment •Strategies •Strategy #1: Medical Tourism •Strategy # 2: Retaining Doctors •Strategy #3 : Infrastructure •Strategy #4: Organ Donation •Strategy #5: Society Integration •Where are we heading now? •Conclusion     Recognition Salaries at par Career development Incentives ◦ Low interest loans ◦ Hardship allowance ◦ School Fees for dependence Collaboration
  • 13. •Table of contents •Preview •India’s achievements so far •Major Challenges •Action currently being taken to solve these challenges •Major health care deals boosting the economy •Strategies •Strategy #1: Medical Tourism •Strategy #2: Investment •Strategy # 3: Infrastructure •Strategy #4: Organ Donation •Strategy #5: Society Integration •Where are we heading now? •Conclusion  Infrastructure meaning  Strategy: Direct investments into infrastructure. Integrated Data System Give incentives to the private players to take over for eg. To make Sanitation facilities available in the rural areas; incentives such as tax breaks, etc. Training & educating regarding family health care, family planning, rain water harvesting, personal hygiene. Reduce import duty on medical equipments to prompt quality medical infrastructure     
  • 14. •Table of contents •Preview •India’s achievements so far •Major Challenges •Action currently being taken to solve these challenges •Major health care deals boosting the economy •Strategies •Strategy #1: Medical Tourism •Strategy #2: Investment •Strategy # 3: Infrastructure •Strategy #4: Organ Donation •Strategy #5: Society Integration •Where are we heading now? •Conclusion Pros: Improve in health sanitation  Increased availability of trained medical staff and proper sensitization  Decrease the burden on few hospitals and diffuse rush in hospitals  Efficiency and quality medical care  Cons  Misuse and routing of investments to avail tax benefits  Considering India’s scenario, if not implemented properly this will lead to chaos  Restructuring of hospitals is required to have efficiency and proper planning which is not always easy to do in India  Profit centric behaviour might be induced
  • 16. •Table % of population willing to of contents •Preview •India’s •Major achievements so far Challenges donate 30 •Action 25 •Major health care deals boosting the economy 20 •Strategies 15 currently being taken to solve these challenges •Strategy #1: Medical Tourism •Strategy #2: Investment •Strategy # 3: Infrastructure •Strategy #4: Organ Donation •Strategy #5: Society Integration •Where are we heading now? •Conclusion Donation in 10 Percentage 5 0 UK US Japan India Why just 0.08%??
  • 17. •Table of contents •Preview •India’s achievements so far •Major Challenges •Action currently being taken to solve these challenges •Major health care deals boosting the economy •Strategies •Strategy #1: Medical Tourism •Strategy #2: Investment •Strategy # 3: Infrastructure •Strategy #4: Organ Donation •Strategy #5: Society Integration •Where are we heading now? •Conclusion  Pros: • Saving a life Is always a noble act. Increase in kidney and Liver donation will help meeting the high demand Increase in the life expectancy On having ample supply of organs through organ donation, the prices of the medical procedures related to organ transplant might come down. • • •  Cons: • Selling of Organs in Black Market Might influence the doctors to hasten the death of the patient. •
  • 18. •Table of contents •Preview •India’s achievements so far •Major Challenges •Action currently being taken to solve these challenges •Major health care deals boosting the economy •Strategies •Strategy #1: Medical Tourism •Strategy #2: Investment •Strategy # 3: Infrastructure •Strategy #4: Organ Donation •Strategy #5: Society Integration •Where are we heading now? •Conclusion  Is there enough society involvement or rather any involvement to help improving the health status?  Strategy: Increase awareness about responsibility from being a selfish citizen to a selfless citizen. Sensitization about the possible results of getting involved and benefiting the masses. Where the society functions as an individual unit performing the responsibility of contributing to the development of the society in various aspects. For example: Taking the initiative of feeding a malnourished child / concept of soup kitchen as in the US   
  • 19.   •Table of contents •Preview •India’s achievements so far •Major Challenges •Action currently being taken to solve these challenges •Major health care deals boosting the economy •Strategies •Strategy #1: Medical Tourism •Strategy #2: Investment •Strategy # 3: Infrastructure •Strategy #4: Organ Donation •Strategy #5: Society Integration •Where are we heading now? •Conclusion Pro’s The society as whole grows as a well integrated system The burden with the government is shared leading to change and upliftment at a rapid pace. Collective responsibility spreads a feeling of brotherhood.    Cons : Society is not willing to divert their time and resources as they do not consider this to be their responsibility. Chaos
  • 20. •Table of contents •Preview •India’s achievements so far •Major Challenges •Action currently being taken to solve these challenges •Major health care deals boosting the economy •Strategies •Strategy #1: Medical Tourism •Strategy #2: Investment •Strategy # 3: Infrastructure •Strategy #4: Organ Donation •Strategy #5: Society Integration •Where are we heading now? •Conclusion 35.00% 30.00% 25.00% 20.00% 15.00% 10.00% 5.00% 0.00% U.S.A India
  • 21. •Table of contents •Preview •India’s achievements so far •Major Challenges •Action currently being taken to solve these challenges •Major health care deals boosting the economy •Strategies •Strategy #1: Medical Tourism •Strategy #2: Investment •Strategy # 3: Infrastructure •Strategy #4: Organ Donation •Strategy #5: Society Integration •Where are we heading now? •Conclusion  Increase concentration on health & education.  Better comprehensive plan  Encourage participation of society towards health sector  Create awareness
  • 23.        HEALTH CARE IN INDIA - VISION 2020 : ISSUES AND PROSPECTS R. Srinivisan http://www.who.int/countryfocus/coopera tion_strategy/ccsbrief_ind_en.pdf http://data.worldbank.org/indicator/SH.XP D.TOTL.ZS/countries/IN?display=graph Health Infra: by A. Kumar, S. Gaurav The Economic Times, 13.02.2013 OECD Report,2010 The Daily, New York Times – Organ Donation