According to recent studies conducted, the customer's (patient) aspirations are fast changing. Customers are growing more aware of their health needs, demand quick response, less waiting times, and above all - demand nearness of the healthcare unit to them.
Customers though now demand better quality care; they however now do not want to travel much as in earlier days.
And if you notice, the billing and pricing though important, is not a very high priority now as insurance reach is getting stronger (to the tune of 40 per cent among patients visiting a urban hospital).
If this is the window to the future of healthcare, then it leaves immense opportunity for existing hospitals across the country to revamp and re-organise in order to woo back their immediate local drainage population as the competition would heat up soon. The patients would have a lot to choose from, now being insured.
As per various studies including a report by IDFC, and Mc Kinsey, Indian Healthcare industry will be worth $125 billion in the next five years.
Health and health care need to be distinguished from each other for no better reason than that the former is often incorrectly seen as a direct function of the latter. Heath is clearly not the mere absence of disease. Good Health confers on a person or groups freedom from illness - and the ability to realize one's potential. Health is therefore best understood as the indispensable basis for defining a person's sense of well being. The health of populations is a distinct key issue in public policy discourse in every mature society often determining the deployment of huge society. They include its cultural understanding of ill health and well-being, extent of socio-economic disparities, reach of health services and quality and costs of care. and current bio-mcdical understanding about health and illness.
The presentation showcases Latest Trends in Healthcare. Featuring start-ups in online healthcare space who are using technology to deliver better healthcare and information to users.
Evolution of the healthcare industry in India and the potential impact of the...Harshit Jain
2014 looks to be a positive but challenging year for the Indian health care sector; one in which many historic business models and operating processes will no longer suffice amid rising demand, continued cost pressures, lack of or inadequate care facilities, and rapidly evolving market conditions. India, likely will be dominated by the “Modi-care” –Health assurance for all.
Presenting this set of slides with name - Healthcare Sector Analysis Powerpoint Presentation Slides. Keep your audience glued to their seats with professionally designed PPT slides. This deck comprises of total of sixty four slides. It has PPT templates with creative visuals and well researched content. Not just this, our PowerPoint professionals have crafted this deck with appropriate diagrams, layouts, icons, graphs, charts and more. This content ready presentation deck is fully editable. Just click the DOWNLOAD button below. Change the colour, text and font size. You can also modify the content as per your need. Get access to this well crafted complete deck presentation and leave your audience stunned.
The document provides an overview of the Indian healthcare system, including key trends, growth drivers, and challenges. It notes that the size of the Indian healthcare industry is $35 billion and growing at 17% annually, faster than any other country. The industry employs over 4% of the population and includes 229 medical colleges, 600,000 doctors, and over 800,000 hospital beds. However, healthcare infrastructure and access remains inadequate, with 80% of healthcare spending being out-of-pocket. The government is taking steps to improve access through initiatives like the National Rural Health Mission and increasing healthcare spending.
The document provides an overview of the healthcare sector in India. It discusses key aspects of the Indian healthcare system including its structure, the growing private sector, expanding middle class, changing demographics, and technological advancements. It also analyzes the sector using PEST and SWOT frameworks, highlighting political, economic, social, and technological factors as well as strengths, weaknesses, opportunities and threats. The Indian healthcare industry is large and growing rapidly but still faces challenges in providing universal access to high quality care.
The Indian healthcare industry has progressed at an impressive pace over the past few years. The private sector has emerged as a vibrant force in the industry, accounting for almost 74 per cent of the country’s total healthcare expenditure.
The Indian healthcare revenues stood at US$ 68.4 billion in 2011 and is expected to reach US$ 158.2 billion by 2017. Of the total healthcare revenues in the country, hospitals account for 71 per cent, pharmaceuticals for 13 per cent and medical equipment and supplies for 9 per cent.
India offers both a huge patient pool, favourable regulatory environment and cost advantage for conducting clinical trials. The low cost of medical services has resulted in a rise in the country’s medical tourism, attracting patients from across the world.
The Government of India has created the National Health Mission (NHM) for providing effective healthcare to both urban and rural population.
Health and health care need to be distinguished from each other for no better reason than that the former is often incorrectly seen as a direct function of the latter. Heath is clearly not the mere absence of disease. Good Health confers on a person or groups freedom from illness - and the ability to realize one's potential. Health is therefore best understood as the indispensable basis for defining a person's sense of well being. The health of populations is a distinct key issue in public policy discourse in every mature society often determining the deployment of huge society. They include its cultural understanding of ill health and well-being, extent of socio-economic disparities, reach of health services and quality and costs of care. and current bio-mcdical understanding about health and illness.
The presentation showcases Latest Trends in Healthcare. Featuring start-ups in online healthcare space who are using technology to deliver better healthcare and information to users.
Evolution of the healthcare industry in India and the potential impact of the...Harshit Jain
2014 looks to be a positive but challenging year for the Indian health care sector; one in which many historic business models and operating processes will no longer suffice amid rising demand, continued cost pressures, lack of or inadequate care facilities, and rapidly evolving market conditions. India, likely will be dominated by the “Modi-care” –Health assurance for all.
Presenting this set of slides with name - Healthcare Sector Analysis Powerpoint Presentation Slides. Keep your audience glued to their seats with professionally designed PPT slides. This deck comprises of total of sixty four slides. It has PPT templates with creative visuals and well researched content. Not just this, our PowerPoint professionals have crafted this deck with appropriate diagrams, layouts, icons, graphs, charts and more. This content ready presentation deck is fully editable. Just click the DOWNLOAD button below. Change the colour, text and font size. You can also modify the content as per your need. Get access to this well crafted complete deck presentation and leave your audience stunned.
The document provides an overview of the Indian healthcare system, including key trends, growth drivers, and challenges. It notes that the size of the Indian healthcare industry is $35 billion and growing at 17% annually, faster than any other country. The industry employs over 4% of the population and includes 229 medical colleges, 600,000 doctors, and over 800,000 hospital beds. However, healthcare infrastructure and access remains inadequate, with 80% of healthcare spending being out-of-pocket. The government is taking steps to improve access through initiatives like the National Rural Health Mission and increasing healthcare spending.
The document provides an overview of the healthcare sector in India. It discusses key aspects of the Indian healthcare system including its structure, the growing private sector, expanding middle class, changing demographics, and technological advancements. It also analyzes the sector using PEST and SWOT frameworks, highlighting political, economic, social, and technological factors as well as strengths, weaknesses, opportunities and threats. The Indian healthcare industry is large and growing rapidly but still faces challenges in providing universal access to high quality care.
The Indian healthcare industry has progressed at an impressive pace over the past few years. The private sector has emerged as a vibrant force in the industry, accounting for almost 74 per cent of the country’s total healthcare expenditure.
The Indian healthcare revenues stood at US$ 68.4 billion in 2011 and is expected to reach US$ 158.2 billion by 2017. Of the total healthcare revenues in the country, hospitals account for 71 per cent, pharmaceuticals for 13 per cent and medical equipment and supplies for 9 per cent.
India offers both a huge patient pool, favourable regulatory environment and cost advantage for conducting clinical trials. The low cost of medical services has resulted in a rise in the country’s medical tourism, attracting patients from across the world.
The Government of India has created the National Health Mission (NHM) for providing effective healthcare to both urban and rural population.
The document analyzes the healthcare industry in the U.S. and ways IT can help small businesses insure employees. It discusses four key factors impacting the industry: the Affordable Care Act, digital/IT infrastructure, advances in omics sciences, and the rising global middle class. The recommendations suggest that IT companies can create customized solutions to help small businesses comply with the ACA's insurance mandate for employees.
Within the overall healthcare industry, home healthcare represents a small, but exciting opportunity that will grow immensely in the years ahead. The key drivers for the home healthcare industry include the increasing prevalence of chronic diseases, favorable demographics, increasing disposable incomes, and quest for better preventive care.
The global home healthcare market is expected to reach USD 368B by 2020 at a CAGR of 8.0% during the forecast period.
The home healthcare market in India is fragmented and comprises of some exciting start-ups; hospitals that have entered the segment; hospitals that have aligned with home healthcare providers; large MNCs and VC-backed firms.
The Indian home healthcare market is expected to reach USD 6.2B by 2020 at a CAGR of 18.0% during the forecast period.
Indian home healthcare companies are focused on elderly care; rehabilitation; diabetes management. There is a clear focus on innovation, and companies are looking to bank on wearable medical devices that can record patient data in real time and can trigger alerts in the system for quick and pre-emptive action.
The CMR IMG report will help readers to get the big picture on the Indian Home Healthcare Sector. Readers will be able to understand current demand and supply drivers in the home healthcare market, and the major market drivers, restraints, opportunities, and challenges facing this sector.
The report segments the home healthcare market based on devices and services.
Key market players include Portea Medical; Unique Home Healthcare; India Home Healthcare; Nightingales; Homital; Pramaticare; Max Home Healthcare.
The document discusses healthcare in India, including the current state and future outlook. It notes that healthcare spending is expected to grow significantly in the coming years, reaching 7-8% of GDP by 2012. Both public and private sectors are discussed, with most healthcare currently provided privately and out-of-pocket. Rural healthcare access significantly trails urban areas. The market is seen as highly promising but still very underdeveloped and unorganized compared to other countries.
This document provides an overview of the healthcare systems in India and Bangladesh, including public and private hospitals. It finds that India has over 16,000 total hospitals compared to 1,683 in Bangladesh. Approximately 60% of hospitals in Bangladesh are public compared to 75% in India. The document also examines population statistics, healthcare expenditures, innovation, and recommendations for improving healthcare access and quality in both countries.
Innovation and Development in Indian HealthcareSahana Bose
This document provides an overview of the Indian healthcare system, identifying key challenges and areas of innovation. It summarizes that India faces a healthcare crisis due to rapid population growth straining infrastructure while many remain in poverty lacking access. However, it also outlines technological advancements and private sector growth that aim to improve preventative and curative care, particularly through organizations expanding access to insurance, rural health centers, and new hospitals. The future of India's healthcare depends on continued innovation to address the needs of its vast population in both urban and underserved rural areas.
This is a report about Indian Health care industry and How different sectors like Hospitals, Pharmacy and Diagnostics industry are growing. What are the new government policies that are implemented for Health care sector in India.
Indian healthcare industry presentationswatilembhe
The document summarizes opportunities in the growing Indian healthcare industry. Key points include:
- India has a large population with growing middle class that is driving demand for healthcare.
- The healthcare industry is one of the fastest growing in India at 18% annually and is expected to reach $60 billion by 2012.
- There is a large shortage of healthcare professionals and facilities to meet the growing demand, representing opportunities for investment and expansion.
- Medical tourism is also growing as India offers high quality care at much lower costs than other countries.
An introductory overview of healthcare across South East Asia and a look at the growing healthcare trends across the region.
Download the presentation by clicking the "Save this presentation" icon above.
The document provides an overview of the Indian healthcare industry and infrastructure. It notes that the industry is growing rapidly at 17% CAGR and is projected to reach $280 billion by 2020. Key drivers of growth include rising incomes, health awareness, lifestyle diseases, and insurance penetration. However, healthcare spending and infrastructure in India remains low compared to global standards. The private sector dominates healthcare delivery, accounting for around 80% of total spending. The government is taking initiatives to boost diagnostic infrastructure through public-private partnerships.
The healthcare sector in India is large and growing, valued at over $34 billion in recent years. Key segments driving growth include hospital services, medical tourism, and medical devices. Historically, healthcare in India was based on traditional Ayurvedic methods and voluntary work, but the government now emphasizes primary care and the private sector has grown to meet demand. Factors fueling healthcare growth include India's expanding population and economy, the rise of chronic and infectious diseases, and growth in the pharmaceutical industry. The government is taking initiatives to invest in healthcare and regulate the sector.
This document summarizes the public health situation in Thailand. It discusses the distribution of health resources, prevalence of major diseases, health research projects, education efforts, and national health policies. Some key points are:
- Healthcare resources are unevenly distributed between urban and rural areas.
- Major diseases like cancer, heart disease, and diabetes place a large burden on the population and healthcare system.
- Thailand aims to promote health security, self-care, and equal access to quality healthcare for all citizens through research, education, and decentralized healthcare management.
- The universal health coverage scheme has increased access to care but also faces challenges in budget allocation and long-term sustainability.
This document provides an overview of the growing healthcare sector in India. It notes that healthcare is one of India's largest sectors in terms of revenue and employment, and is expanding rapidly. Key drivers of growth include India's large and growing population, a burgeoning middle class with more disposable income, and a rise in chronic diseases as more Indians adopt unhealthy lifestyles. The pharmaceutical industry is also emerging to help meet the country's growing healthcare needs. However, infectious diseases remain a challenge and a large portion of the population still lacks adequate access to care.
The document discusses the healthcare industry and provides context for analyzing delays in patient discharge processes at a hospital from May to July 2015. It describes the objectives of studying delays, the sample size, tools used, and limitations. It then provides an overview of the global healthcare industry, key segments including hospitals, providers and professionals, models for healthcare delivery, and the market size of the industry in different regions. Porter's five forces model is applied to analyze competition in the healthcare industry.
The document discusses healthcare in India and the use of telemedicine. It provides an overview of the size and structure of the healthcare industry in India. It then discusses hospital service marketing and the key elements of the marketing mix for hospitals. The document introduces Apollo Hospitals and its telemedicine network, which uses technologies like video conferencing to provide remote access to medical experts and services.
- The Indian healthcare sector is expected to grow at a CAGR of 22.87% until 2020 to reach $280 billion. Rising incomes, increasing health awareness, and changing attitudes towards preventive healthcare are driving demand.
- Private sector participation is significant, accounting for around 74% of total healthcare expenditure. Large private sector investments are contributing to the development of hospitals.
- Per capita healthcare expenditure has risen at a CAGR of 5% between 2008-2015 driven by economic growth, insurance penetration, and improved access and quality of facilities. However, India still lags global standards on healthcare access and spending.
State of the US healthcare industry - a compilation of infographics 2014Dr. Susan Dorfman
2014 is the year of healthcare reform! The internet is full of amazing information showcasing the scope of the reform and its current successes and struggles - as well as the impact it will have on the varying healthcare stakeholders, from healthcare professionals to institutions, patients and pharmaceutical manufacturers
The document summarizes opportunities for India in exporting health services. It notes that India has a large skilled English-speaking workforce at a lower cost compared to Western countries. Various health services that can be outsourced to India include medical transcription, claims processing, teleradiology and clinical trials. India also has the potential to become a major medical tourism destination due to world-class healthcare and facilities at a lower cost. Quality control accreditation is important to ensure high standards for patients seeking healthcare in India.
This document provides an overview of healthcare financing in India. It begins with definitions of health care financing and outlines the key functions of accumulating, mobilizing, and allocating money for health needs. It then discusses the main mechanisms of healthcare financing globally and in India, including how money is raised through taxes, insurance contributions, and other means. It also addresses how funds are pooled and how health services are paid for. The document reviews India's current healthcare financing indicators and challenges, such as low public spending and high out-of-pocket costs. It concludes with initiatives by the Government of India and recommendations to improve healthcare financing in India.
Indian healthcare sector is expected to grow significantly over the coming years. The sector is projected to reach US$ 372 billion by 2022, registering a CAGR of 22%. Rising incomes, greater health awareness, and growth in insurance coverage are expected to drive demand. There is potential for increased penetration of healthcare services in India given the country's current ranking of 145th in terms of quality and accessibility of care. The government aims to increase healthcare spending to 3% of GDP and develop India as a global healthcare hub through initiatives like expanding infrastructure and launching the Ayushman Bharat program. Emerging trends include growth of telemedicine and expansion of services to tier 2 and 3 cities.
The document summarizes the Indian healthcare landscape. It notes that India has a large population but low spending on healthcare per capita compared to other countries. Healthcare is provided through both public and private sectors. The burden of disease is shifting from communicable to non-communicable diseases. Government initiatives aim to increase access through programs and infrastructure growth, but challenges remain around access, costs and quality across the public and private sectors. The healthcare industry is seen as a major growth opportunity in India.
This document provides an overview of the Federation of Indian Chambers of Commerce and Industry (FICCI). It discusses that FICCI was established in 1927 and is India's largest and oldest business organization. FICCI plays a leading role in policy debates and has over 300,000 member companies. It works closely with the government on policy issues to enhance efficiency and expand business opportunities. FICCI also provides networking platforms and carries out initiatives in areas like health, education, livelihood, and skill development.
004 -- dr. charles shaw --- megatrends qs 2015dunyacongress
Quality trends in healthcare include assurance, evidence-based medicine, patient rights and safety, and performance management to achieve universal health coverage. A cycle of improvement involves setting standards, measuring performance, and implementing changes. Integrating quality systems requires direction and collaboration between various stakeholders like government, professions, consumers, and management through financing, training, accreditation, and data feedback. Both technical and behavioral solutions are needed like research, guidelines, care pathways, indicators, and governance alongside leadership, incentives, organization, teamwork, and evaluation.
The document analyzes the healthcare industry in the U.S. and ways IT can help small businesses insure employees. It discusses four key factors impacting the industry: the Affordable Care Act, digital/IT infrastructure, advances in omics sciences, and the rising global middle class. The recommendations suggest that IT companies can create customized solutions to help small businesses comply with the ACA's insurance mandate for employees.
Within the overall healthcare industry, home healthcare represents a small, but exciting opportunity that will grow immensely in the years ahead. The key drivers for the home healthcare industry include the increasing prevalence of chronic diseases, favorable demographics, increasing disposable incomes, and quest for better preventive care.
The global home healthcare market is expected to reach USD 368B by 2020 at a CAGR of 8.0% during the forecast period.
The home healthcare market in India is fragmented and comprises of some exciting start-ups; hospitals that have entered the segment; hospitals that have aligned with home healthcare providers; large MNCs and VC-backed firms.
The Indian home healthcare market is expected to reach USD 6.2B by 2020 at a CAGR of 18.0% during the forecast period.
Indian home healthcare companies are focused on elderly care; rehabilitation; diabetes management. There is a clear focus on innovation, and companies are looking to bank on wearable medical devices that can record patient data in real time and can trigger alerts in the system for quick and pre-emptive action.
The CMR IMG report will help readers to get the big picture on the Indian Home Healthcare Sector. Readers will be able to understand current demand and supply drivers in the home healthcare market, and the major market drivers, restraints, opportunities, and challenges facing this sector.
The report segments the home healthcare market based on devices and services.
Key market players include Portea Medical; Unique Home Healthcare; India Home Healthcare; Nightingales; Homital; Pramaticare; Max Home Healthcare.
The document discusses healthcare in India, including the current state and future outlook. It notes that healthcare spending is expected to grow significantly in the coming years, reaching 7-8% of GDP by 2012. Both public and private sectors are discussed, with most healthcare currently provided privately and out-of-pocket. Rural healthcare access significantly trails urban areas. The market is seen as highly promising but still very underdeveloped and unorganized compared to other countries.
This document provides an overview of the healthcare systems in India and Bangladesh, including public and private hospitals. It finds that India has over 16,000 total hospitals compared to 1,683 in Bangladesh. Approximately 60% of hospitals in Bangladesh are public compared to 75% in India. The document also examines population statistics, healthcare expenditures, innovation, and recommendations for improving healthcare access and quality in both countries.
Innovation and Development in Indian HealthcareSahana Bose
This document provides an overview of the Indian healthcare system, identifying key challenges and areas of innovation. It summarizes that India faces a healthcare crisis due to rapid population growth straining infrastructure while many remain in poverty lacking access. However, it also outlines technological advancements and private sector growth that aim to improve preventative and curative care, particularly through organizations expanding access to insurance, rural health centers, and new hospitals. The future of India's healthcare depends on continued innovation to address the needs of its vast population in both urban and underserved rural areas.
This is a report about Indian Health care industry and How different sectors like Hospitals, Pharmacy and Diagnostics industry are growing. What are the new government policies that are implemented for Health care sector in India.
Indian healthcare industry presentationswatilembhe
The document summarizes opportunities in the growing Indian healthcare industry. Key points include:
- India has a large population with growing middle class that is driving demand for healthcare.
- The healthcare industry is one of the fastest growing in India at 18% annually and is expected to reach $60 billion by 2012.
- There is a large shortage of healthcare professionals and facilities to meet the growing demand, representing opportunities for investment and expansion.
- Medical tourism is also growing as India offers high quality care at much lower costs than other countries.
An introductory overview of healthcare across South East Asia and a look at the growing healthcare trends across the region.
Download the presentation by clicking the "Save this presentation" icon above.
The document provides an overview of the Indian healthcare industry and infrastructure. It notes that the industry is growing rapidly at 17% CAGR and is projected to reach $280 billion by 2020. Key drivers of growth include rising incomes, health awareness, lifestyle diseases, and insurance penetration. However, healthcare spending and infrastructure in India remains low compared to global standards. The private sector dominates healthcare delivery, accounting for around 80% of total spending. The government is taking initiatives to boost diagnostic infrastructure through public-private partnerships.
The healthcare sector in India is large and growing, valued at over $34 billion in recent years. Key segments driving growth include hospital services, medical tourism, and medical devices. Historically, healthcare in India was based on traditional Ayurvedic methods and voluntary work, but the government now emphasizes primary care and the private sector has grown to meet demand. Factors fueling healthcare growth include India's expanding population and economy, the rise of chronic and infectious diseases, and growth in the pharmaceutical industry. The government is taking initiatives to invest in healthcare and regulate the sector.
This document summarizes the public health situation in Thailand. It discusses the distribution of health resources, prevalence of major diseases, health research projects, education efforts, and national health policies. Some key points are:
- Healthcare resources are unevenly distributed between urban and rural areas.
- Major diseases like cancer, heart disease, and diabetes place a large burden on the population and healthcare system.
- Thailand aims to promote health security, self-care, and equal access to quality healthcare for all citizens through research, education, and decentralized healthcare management.
- The universal health coverage scheme has increased access to care but also faces challenges in budget allocation and long-term sustainability.
This document provides an overview of the growing healthcare sector in India. It notes that healthcare is one of India's largest sectors in terms of revenue and employment, and is expanding rapidly. Key drivers of growth include India's large and growing population, a burgeoning middle class with more disposable income, and a rise in chronic diseases as more Indians adopt unhealthy lifestyles. The pharmaceutical industry is also emerging to help meet the country's growing healthcare needs. However, infectious diseases remain a challenge and a large portion of the population still lacks adequate access to care.
The document discusses the healthcare industry and provides context for analyzing delays in patient discharge processes at a hospital from May to July 2015. It describes the objectives of studying delays, the sample size, tools used, and limitations. It then provides an overview of the global healthcare industry, key segments including hospitals, providers and professionals, models for healthcare delivery, and the market size of the industry in different regions. Porter's five forces model is applied to analyze competition in the healthcare industry.
The document discusses healthcare in India and the use of telemedicine. It provides an overview of the size and structure of the healthcare industry in India. It then discusses hospital service marketing and the key elements of the marketing mix for hospitals. The document introduces Apollo Hospitals and its telemedicine network, which uses technologies like video conferencing to provide remote access to medical experts and services.
- The Indian healthcare sector is expected to grow at a CAGR of 22.87% until 2020 to reach $280 billion. Rising incomes, increasing health awareness, and changing attitudes towards preventive healthcare are driving demand.
- Private sector participation is significant, accounting for around 74% of total healthcare expenditure. Large private sector investments are contributing to the development of hospitals.
- Per capita healthcare expenditure has risen at a CAGR of 5% between 2008-2015 driven by economic growth, insurance penetration, and improved access and quality of facilities. However, India still lags global standards on healthcare access and spending.
State of the US healthcare industry - a compilation of infographics 2014Dr. Susan Dorfman
2014 is the year of healthcare reform! The internet is full of amazing information showcasing the scope of the reform and its current successes and struggles - as well as the impact it will have on the varying healthcare stakeholders, from healthcare professionals to institutions, patients and pharmaceutical manufacturers
The document summarizes opportunities for India in exporting health services. It notes that India has a large skilled English-speaking workforce at a lower cost compared to Western countries. Various health services that can be outsourced to India include medical transcription, claims processing, teleradiology and clinical trials. India also has the potential to become a major medical tourism destination due to world-class healthcare and facilities at a lower cost. Quality control accreditation is important to ensure high standards for patients seeking healthcare in India.
This document provides an overview of healthcare financing in India. It begins with definitions of health care financing and outlines the key functions of accumulating, mobilizing, and allocating money for health needs. It then discusses the main mechanisms of healthcare financing globally and in India, including how money is raised through taxes, insurance contributions, and other means. It also addresses how funds are pooled and how health services are paid for. The document reviews India's current healthcare financing indicators and challenges, such as low public spending and high out-of-pocket costs. It concludes with initiatives by the Government of India and recommendations to improve healthcare financing in India.
Indian healthcare sector is expected to grow significantly over the coming years. The sector is projected to reach US$ 372 billion by 2022, registering a CAGR of 22%. Rising incomes, greater health awareness, and growth in insurance coverage are expected to drive demand. There is potential for increased penetration of healthcare services in India given the country's current ranking of 145th in terms of quality and accessibility of care. The government aims to increase healthcare spending to 3% of GDP and develop India as a global healthcare hub through initiatives like expanding infrastructure and launching the Ayushman Bharat program. Emerging trends include growth of telemedicine and expansion of services to tier 2 and 3 cities.
The document summarizes the Indian healthcare landscape. It notes that India has a large population but low spending on healthcare per capita compared to other countries. Healthcare is provided through both public and private sectors. The burden of disease is shifting from communicable to non-communicable diseases. Government initiatives aim to increase access through programs and infrastructure growth, but challenges remain around access, costs and quality across the public and private sectors. The healthcare industry is seen as a major growth opportunity in India.
This document provides an overview of the Federation of Indian Chambers of Commerce and Industry (FICCI). It discusses that FICCI was established in 1927 and is India's largest and oldest business organization. FICCI plays a leading role in policy debates and has over 300,000 member companies. It works closely with the government on policy issues to enhance efficiency and expand business opportunities. FICCI also provides networking platforms and carries out initiatives in areas like health, education, livelihood, and skill development.
004 -- dr. charles shaw --- megatrends qs 2015dunyacongress
Quality trends in healthcare include assurance, evidence-based medicine, patient rights and safety, and performance management to achieve universal health coverage. A cycle of improvement involves setting standards, measuring performance, and implementing changes. Integrating quality systems requires direction and collaboration between various stakeholders like government, professions, consumers, and management through financing, training, accreditation, and data feedback. Both technical and behavioral solutions are needed like research, guidelines, care pathways, indicators, and governance alongside leadership, incentives, organization, teamwork, and evaluation.
Nicholas Pickrell has over 15 years of experience in ministry, social services, and nonprofit work. He has a bachelor's degree from the University of Missouri-Kansas City and has held leadership roles developing worship experiences, managing client caseloads, advocating for the homeless, and administering youth programs. He has strong skills in audio/visual technology, event planning, and communication.
3 technology mega trends driving digitization waveGenpact
Three key technology trends are driving global digitization:
1) Software Defined Enterprise - Computing capacity available on demand through cloud services.
2) Mobility - Smartphones and mobile apps driving always-on connectivity and transforming business processes.
3) Internet of Things - Proliferation of low-cost sensors generating vast amounts of data from more connected devices.
This study analyzed perinatal mortality trends at Kathmandu Medical College Teaching Hospital from 2002-2007. It found that the perinatal mortality rate decreased from 30.7 in 2002-2003 to 19.1 in 2003-2005 but slightly increased to 25.5 in 2007. The main causes of perinatal deaths were prematurity (33.3%), intrapartum asphyxia (25%), and congenital anomalies (8.3%). Improving antenatal care, preventing preterm births, better monitoring during delivery, and intensive care for low birth weight infants could help reduce the perinatal mortality rate further.
Create a Paperless Healthcare Nationwide in India with www.rxcues.com, A multiuser Hospital & Clinic Management System that doesn't required technical knowledge or software Installation. Sign Up at rxcues.com and keep everything in your account. Access Every File & Data anytime & anywhere using your smartphone. Keep Spreading our words
1) The document describes Eventus, an integrated healthcare platform founded by Fardeen Siddiqui and Dr. Rahil Qamar Siddiqui that aims to build the largest healthcare ecosystem in India.
2) It outlines the current fragmented state of healthcare in India and Eventus' vision to create a standardized, integrated platform that connects patients, clinics, hospitals, pharmacies, and labs.
3) Eventus uses international healthcare standards to ensure interoperability and features like online appointment booking, clinical note taking, and analytics to make healthcare more efficient and patient-centric.
Global Trends in e-Health and Medication Adherence by Yuri Quintana, Ph.D. 1...Harvard Medical School
This presentation provides an overview of global health trends and medication adherence challenges. A review of some mobile medication adherence solutions is given. A discussion is provided on some early observations from usability studies. Future design considerations for medication adherence systems are discussed.
Knowledgefaber E-commerce Paper: Focus on E-tailingKnowledgefaber
Knowledgefaber research report on E-tailing Industry in India. Looking at current trends and future outlook with a set of recommendations for online retailers and investors
The document discusses trends in medical education and proposes solutions to current issues. It suggests implementing an e-learning platform called UGMed to deliver the entire MBBS curriculum through digital lectures and interactive modules. This would make learning more student-centered and address problems like lack of clinical skills training and inadequate coverage of topics. Medical informatics education is also emphasized to help students learn to effectively use technology for evidence-based practice.
Sample performance appraisal questions and answersmariavernon59
In this file, you can ref useful information about sample performance appraisal questions and answers such as sample performance appraisal questions and answers methods
Medical education in india-current statusMitasha Singh
The document discusses the history and current state of medical education in India. It notes that medical education in India began with evidence of anatomical knowledge in ancient texts from 3000 BC and developed through Ayurveda and Unani systems. Western medicine was introduced in the 1840s and medical colleges were established starting in the 1830s. The Medical Council of India was formed in 1934 to regulate medical education. Several committees in the 1940s-1990s made recommendations to align curriculum with national health needs and primary care. Currently there are over 300 medical colleges providing nearly 50,000 MBBS seats annually through national entrance exams. Postgraduate medical education includes degree and diploma programs with a focus on clinical skills and research.
Five Ways For Improving Hospital Revenue Cycle ManagementHealth Catalyst
The document discusses five ways to improve hospital revenue cycle management. It recommends trending and benchmarking healthcare data using an enterprise data warehouse to analyze performance over time and compare to others. Mining the data in an EDW can reveal problems and ways to improve revenue cycle processes. The document also suggests constantly asking frontline staff for suggestions, monitoring payer contracts, and maintaining caring patient touchpoints to improve the revenue cycle. An example is given of a physician group that improved collection times by analyzing registration desk data and improving processes.
TRENDS IN PEDIATRICS AND PEDIATRIC NURSING
Pediatric regarded as the medical science which enables an anticipated newborn to grow into a healthy adult, useful to the society
This document provides an analysis of the healthcare industry in India. It includes:
1) An overview of the size and growth of the healthcare industry in India, which contributes 5.25% to GDP and is projected to grow at 23% annually.
2) A brief history of healthcare in India including Ayurveda, Homeopathy, and the introduction of Allopathy.
3) An analysis of the key players in the industry based on number of beds, including Apollo Hospitals, Fortis Healthcare, and Max Hospitals.
4) A Porter's Five Forces analysis of the industry which finds increasing competition among players and a mismatch between the growing demand and limited supply of healthcare services in
Growing population, increasing affordability, comparative cheaper treatment costs and JCI,quality standards as opposed to the west and medical tourism thereof, increased health insurance penetration, increased patient awareness, out-of-the-box unconventional thinking by the healthcare players for better operations, government opening up its arms to PPP and even providing tax holidays will be the key factors to look out for which would drive the future of healthcare in India.
Iv m equity research report_apollo hospitals_2013173Nimisha Agarwal
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Future Trends in Healthcare Industry in India by Dr.Mahboob Khan Phd
1. 1
Future Trends in Healthcare Industry in India
By Dr.Mahboob Khan Phd
According to recent studies conducted, the customer's (patient) aspirations are fast
changing. Customers are growing more aware of their health needs, demand quick
response, less waiting times, and above all - demand nearness of the healthcare unit
to them.
Customers though now demand better quality care; they however now do not want
to travel much as in earlier days.
And if you notice, the billing and pricing though important, is not a very high
priority now as insurance reach is getting stronger (to the tune of 40 per cent
among patients visiting a urban hospital).
If this is the window to the future of healthcare, then it leaves immense opportunity
for existing hospitals across the country to revamp and re-organise in order to woo
back their immediate local drainage population as the competition would heat up
soon. The patients would have a lot to choose from, now being insured.
As per various studies including a report by IDFC, and Mc Kinsey, Indian
Healthcare industry will be worth $125 billion in the next five years.
Public spending is likely to increase beyond 20 per cent, there is room for everyone
in the organised private healthcare sector.
The entities who have noted this advantage to name among the other few are
Apollo and Fortis with its cumulative market cap of around $ five billion and may
be considered as a reflection of the healthcare scenario of the present and future of
Indian healthcare.
India presently has a bed deficit of approximately 30 lakh beds as per the WHO
recommendation of four beds per 1000 population. Considering even a 250 bedded
hospital on an average, the country would need 12000 hospitals in the near future.
As almost 80 per cent of this would be fulfilled by the private players, a huge rise
in IPO's and premium commanding players in the arena would flutter bringing in
interesting times for the healthcare industry.
Recent spurt in Public Private Partnership(PPP) projects, and thrust on quality by
the government sector and its demand (& mandate in some areas) on NABH and
2. 2
ISO, a lot of consultancy business is abuzz with the projects galore in the
accreditation and QMS field. India to its credit already has one government
hospital NABH accredited and many are in the pipeline. With CGHS making
NABH mandatory for care and hospitalisation cost reimbursements, there is hectic
activity seen in hundreds of hospitals waking up to the long due need for quality
healthcare and applying for the coveted quality mark.
The trend is on a steep rise, and it is just a matter of time when the government
launches patient awareness on NABH quality in full swing. This would make the
patient demand at least an ISO QMS certified hospital if not NABH.
Good times ahead for healthcare consultants in every sphere be it new projects or
existing.
There are various other trends observed which will be discussed in the article
ahead, but would discuss challenges and opportunities before embarking on the
same which ultimately is linked to the justification on the future trends seen.
Challenges
High capital costs:
Depending on the region and real estate costs, an average hospital requires capital
infusion of Rs 40 lakhs to a crore per bed (& even more). Industry estimates
suggest that any hospital with capital costs of more than 50 lakhs per bed has high
gestation period and even may be unviable. Land and building together account for
almost 40 per cent of the total project cost and affects the viability depending on
the resulting per bed cost.
Medical equipment:
Contributing to almost 40 per cent costs in a tertiary setup, the medical equipment
though cutting edge at the time of purchase poses the threat of inevitable
obsolescence within five to seven years of setup. This problem is compounded by
the fact the most of such equipment is imported and very few local reputed
manufacturers exist.
This will lead to apportioning to higher treatment costs and will further lead to
lesser competitive edges and low utilisation rates resulting in an undesired
operating margins.
3. 3
Human resources:
As Dr Prathap Reddy puts it, "the biggest challenge for him and Apollo is filling
the void of human resources".
The fast-expanding domestic healthcare industry is the third largest employer, but
is severely short of manpower, according to him.
As per ministry of health, there is a shortage of approximately half a million
doctors, a million nurses and the deficit needs to be filled in the next five years.
Such shortage will lead to exponential salary hike demands, and further lead to
high patient care costs.
With organised sector being the preferred choice now, there will be a huge demand
even for the skilled and quailed health administrators to run the show. Considering
one skilled and quailed administrator is required for every 50 employees, there
would be a requirement of almost 50000 such healthcare professionals in the near
future.
Highly regulated environment and unrealistic stringent norms and restriction of
entry to the private entities in the field of medical education has led to further
deficiencies in terms of number of skilled professionals being released for intake
by various hospitals.
Conventional models of business:
Rarely an out-of-the-box idea of running a healthcare business is seen. Recent
niche segments of single speciality centres (for eg. - focused on OBGY or other
specialities (Cradle etc) )have been very few. Even in the public health sector,
millions of square feet of space is left unutilised, expensive equipment ill-
maintained and lack of skilled professionals adding to the -woe, still do not find
adequate initiatives happening towards outsourcing or even PPP.
Almost 90 per cent of private sector in India is run under the unorganised sector.
The clinical establishment bill also has faced immense opposition and a
professional healthcare consultancy firm guided healthcare business is not still
seen frequently.
4. 4
The conventional model would need to be broken to mitigate the presently seen
long gestation periods of five to 10 years of which almost three years are spent in
project conceptualisation to commissioning.
The conventional model of healthcare business would need to change to bring in
untapped opportunities, operational efficiencies and better profitability. This would
also attract better private equity which is now diverted to more lucrative industries.
In the public healthcare sector the infrastructure is provided based on the size of
the population instead of epidemiological profile. This many time results in under-
utilisation of infrastructure, and ultimately not meeting the demands of the local
population and drainage.
Opportunities
Population:
Many would consider that the massive population of India would be a bane. But it
has turned out to be an immense business opportunity across industries like
telecom, broadcast and healthcare.
The 1.17 billion population of 2009 is projected to reach 1.33 billion in the next 10
years. Of which almost 60 per cent of population is in the 15-64 year age group -
which is the active earning population and will primarily drive the industry,
especially the healthcare insurance industry which will make healthcare accessible
over a period of time to majority of the population.
As India 'shines', and we chant 'Jai ho', the disposable income of Indian families
has increased by a whopping 70 per cent since 2004 and is growing at a pace of 10
per cent ever year.
This will lead to increased demand for good
quality healthcare even at a premium.
Insurance:
It is estimated that the penetration of health
insurance in India is only 2 per cent of the
population.
5. 5
However this figure is expected to rise to a penetration of almost 20 per cent in the
next five years keeping in mind the high growth seen in disposable income of the
Indian families.
Though this figure is the country's average, the percentage of insured visiting urban
private setups even now is in the range of 20- 60 per cent of the hospital
admissions.
With better government health schemes surfacing for the poor, excellent example
being the Aryogyshree, National Rural Health Mission and kinds, the upkeep of
the poor is also not left behind.
Comparative low costs and Medical Tourism:
As per industry studies, almost five million foreigners had availed treatment in
Indian healthcare setups by 2008. With surgical cost almost one tenth in western
worlds, the estimated 15 billion dollar medical tourism industry will only grow
further.
This has led to the creation of health cities and medical tourism hub. Now with
immense support of the Indian tourism ministry and its dedicated medical arm, the
medical tourism industry in India will grow leaps and bounds.
Budgetary incentives and PPP:
With various tax incentives thrown in by the finance ministry for the healthcare
sector and various states realising to the fact that PPP is the best way to bring in
quality healthcare at no further costs to them, a huge spurt of activity is seen in
terms of new hospital projects launched and PPP initiatives concluded across the
country.
The future
Breaking the conventional model of business: The coming years will see a great
out-of-the-box thinking by the strategists in the field of healthcare, beginning with
the way healthcare is delivered.
To begin with, a rise in retail clinics, single speciality, secondary and tertiary care
centres are seen coming to the fore including the recent examples of NOVA day
care, BEAMS & Apollo clinics.
6. 6
Operations and management contracts are being handed over to outsourced
partners and the recent example of FORTIS managing SL Raheja is the best I can
cite. There are unheard smaller O&Ms run across the country now which will soon
become very popular.
The recent trends also show how the hospitals have become quality
conscious.Reputed hospitals like Wadia and Masina in central and south Mumbai
and others across the country have hired a reputed healthcare consultancy firm to
do a quality gap analysis and help them streamline operations and management and
suggest ways to bring about better sustainability.
The tier 2/3 cities have suddenly become attractive to the healthcare players,
especially because of the tax sops and increasing disposable incomes among Indian
families across the country and dearth of quality healthcare infrastructure in these
locations.
Specially focused on medical tourism, health cities are audaciously being designed
and executed and hospitals with bed strengths of 1500/2000 which were never
heard in the private domain are now coming to light.
The shift is also seen towards Brownfield's and JV for a quick entry in the target
area, and the healthcare sector has been abuzz with M&A activities of Fortis-
Wockhardt, and even acquisition of PPP SPVs in the recently seen Hiranandani
FORTIS-Navi Mumbai Municipal Corporation super-speciality project.
Once unheard of, now the non-core operational aspects including laundry, kitchen,
housekeeping, security, all are being outsourced, and the primary focus is put on
the hard core patient care.
Even revenue centric departments like imaging, laboratory and pharmacy is being
outsourced. Recent examples of Piramal diagnostics running imaging centres for
hospitals can be cited.
The trend is now seen even in the public health units which have outsourced its
imaging, kitchen and other services. Navi Mumbai Municipal Corporation is the
best example which outsourced its imaging department, kitchen and housekeeping.
Telemedicine and remote diagnosis is seen as a rising trend, as part of outsourcing
model.
7. 7
The earlier model of hundreds of visiting doctors being empanelled by the hospital
is also slowly fading away and the full time practice is taking a preference in
choice of clinical operations. Kokilaben-Andheri or Hiranandani-Powai and even
the recent Seven Hills-Marol have opted for a complete, or a majority of
specialities to have full time consultants on board who do anywhere from 80 to 100
per cent of the hospital patient volumes in the hospital. This is giving an edge to
the hospital in terms of streamlining of desired quality, training and patient
satisfaction which is very difficult in terms of part time visiting doctors who do not
have allegiance to one hospital and may not adhere to the mission of the concerned
hospital. This also attracts such specialists even to far of locations as major
volumes will be guaranteed in a long run promising better prospects to these
professionals. These hospitals therefore could attract skilled and experienced
professionals who were already doing well abroad.
With quality standards in NABH introduced for wellness and dental centres, and a
huge demand from medical tourists for the same, a chain of such centres will be
seen in the near future.
Moreover,with patient awareness increasing the patients not hesitating to take
'second opinion'. Recent opening of 'specialised second opinion centre's have
opened and more could be seen in near future.
Franchising models followed by both the public and private, but noticibly by the
governments of various states especially in Gujrat, Bihar and Jharkand by
partnering with NGOs and individual doctors to provide affordable and quality
healthcare on pay per service model and other incentives has proved to be mutually
beneficial to all stake holders.
In the private sector, leading healthcare entities have been extending their brand
name on a royalty/franchise basis to interested partners to leverage on the brand
and attract patients. This is mutually beneficial to both the provider (he gets more
patients because of brand) and the brand provider (they earns royalty without any
capital inflow)
A rising trend is seen in religious centric hospital trusts coming up, but which are
of world class infrastructure. The likes of PAKH, Saibaba Trus etc. This enables
the trusts to keep their commitment to the target society and mankind at large and
also brings in higher sustainability due to continued patronage of the members of
the society and devotees.
8. 8
Health Insurance
Industry gurus always have been suggesting the
best governance when the government does not
deliver a product or service, but monitors its
quality and ensures that the people get the
relevant service or product through able private
players. In this case, government policies are
seen to be changing and their role in healthcare is seen shifting from healthcare
delivery to financing the delivery of care. With their launch of health insurance
schemes like Rashtriya Swasthya Bima Yojna, Aroygashree and other similar
schemes has tremendously improved healthcare delivery through private players,
the schemes will cover millions of BPL patients in the years to come. The
government will save billions on the capital costs and HR costs by having the
private player invest in the same.
With opening of health insurance to private players, the insurance sector is
booming. Especially with rising disposable incomes, and the highest population
being the earning age group of 15-64 years (60 per cent of population), the
insurance reach is bound to grow from the present meager two per cent to 20 per
cent as estimated by industry experts. This will bring in demand for better quality
care and a dominant role of insurer on choice of healthcare units for patients in
reference to quality and professionalism.
Patients will have a lot to shop around before choosing the 'right care provider' as
he will be armed with the vital medical insurance.
Trend in keeping their insured clients healthy, have spurted a trend in providing
free health checkups in the policy package so that the clients are detected early for
early intervention for various diseases, especially the life style diseases and thus
save on immense cost burdens to the insurer in the later future in terms of costs
towards treatment of their patrons. This will also lead to a rise in opening of
specialised executive health checkup centres as stand alone or in the hospitals in
time to come.
Human resources and medical education
IDFC security studies reveals that there is a clear bias within skilled professionals
including doctors towards the private sector. About 72 per cent doctors are based
in tier- cities (mainly because of lack of incentives, lack of focus on quality
standards' and inadequate infrastructure in the public health sector)
9. 9
Even then, the private sector finds difficulty in bridging the deficit of manpower.
As stated above, there is a shortage of 1.5 million skilled professionals including
doctors and nurses and administrators. The reason for the same mainly is due to
lack of adequate medical education centres and in adequate numbers. Governments
have liberalised the utilisation of AYUSH practitioners through a GR into
mainstream medical care provision specially in tier 2/3 cities, to bridge their gaps,
however the much awaited entry of private players in medical education will
bridge the gap further. With recent opening of numerous hospital management
colleges, the gap to provide able administrators would surely be bridged and more
such institutes will be seen flourishing in the times to come.
PPP activities have been seeing the light of the day by states like Uttar
Pradesh(UP) inviting proposals from private partners to help them setup and run
medical and para-medical colleges to streamline operations, to bring in a
professional insight and outlook and further attract the vital professionals to impart
medical education.
Funding and private equity infusion
With the country's healthcare industry poised to grow to 125 billion USD in the
next five years, and only two or three major listed companies with a market cap of
less than $ five billion existing, there is huge potential for many other players to
come in to the fray.
With new conventional model of healthcare delivery and for the first time EBITAS
in healthcare reaching the figures of 25 per cent and above in such businesses,
venture capitalists and private equity is hunting for the right partners every day.
A leading consultant having head office in Mumbai and various regional office
across the continent, has revealed that there is a 100 per cent increase in TEV
studies, business plan validations and enquiries for search for JV partners and due
diligence.
The growing demand has also attracted a lot of foreign players to venture into the
healthcare industry and are hand-holding the existing Indian players in creating a
chain of healthcare units not just in India, but in foreign locations too.
Business related to medical equipment, and devices is also growing at a rapid pace,
and with more number of hospitals in the fray, this industry and the pharma
industry will further grow piggybacking on the rising healthcare demand.
10. 10
Looking Forward
With the personal disposable income rising by
more than 70 per cent and over all income of the
population rising, the demand for better quality
in healthcare is bound to exponentially rise. With
the CGHS mandating the requirement of NABH
for all reimbursements, and hundreds of hospitals
applying to get the coveted ISQua approved
NABH-the mark of international healthcare quality, this is just the beginning.
There is no doubt that the government too is focusing on improving the quality of
healthcare delivery in its own infrastructure and the promising beginning is seen
with a public unit getting the NABH accreditation in Gujrat and more on the anvil.
With only 20 per cent of healthcare delivery provided through public health units
and the government not intending to spend more on capital expenditure, more PPP
projects and private healthcare initiatives would see the light of the day.
To bridge the immense HR gap, especially in the clinical and professional side, the
government is mooting the idea of corporatising medical education and it is just the
matter of time when private run non-trust based medical education on commercial
lines will be seen across the country.
Health insurance sector has never seen better days than today and with what is on
the anvil. With a population as strength, even the present two per cent penetration
to a five per cent penetration would mean millions and billions in business. The
projected penetration in the next five to 10 years is 20 per cent of the population,
because the earning population of 15 to 64 year age group comprises of more than
60 per cent of the total population who can afford health insurance. And with rising
awareness and the acknowledgement that insurance is the way to a healthy life, the
demand for medical insurance will only rise further. Trend reveals that at least in
the large corporations and private organisations including public sector units,
insurance is provided as a norm to all employees. This trend will only substantiate
in time to come.
11. 11
With the increase in population and to bridge the gap of number of beds, hundreds
of quality healthcare units will spring up. However, with economy growing,
demand for real estate also grows and further leads to making real estate capital
investments for healthcare expensive and making operational margins tighter. This
will lead to (and already has) in unconventional model of health care delivery by
way of single speciality centres, life style units, retails clinics, to bring in
operational efficiencies and increase the EBITAs. A lot of earlier untapped models
will be tapped and the consumers will have plenty to choose.
With tax sops and other government incentives, more secondary and tertiary care
units will open in tier-2 /3 cities.
With quality standards coming on even in AYUSH and alternative medicine, and
India's rich heritage already attracting a lot of tourists, medical tourism will see a
marked boom in years to come. Health cities with an aim to woo medical tourist is
on the rise, and the healthcare players will leverage on the integrated medicine
model by providing Aurveda, Homeopathy, Unani, Yoga and others along with the
modern medicine.
This holistic approach will attract patients from far lands further, because the cost
of care is almost one tenth the western worlds costs.
Technology will play a major role in bringing quality in healthcare, be it better
nursing communication systems, patient monitoring devices or telemedicine to
provide low cost diagnosis to remote patients etc.
Companies like HCL, HP and Microsoft are already investing heavily in healthcare
technology and Google trying to ambitiously woo the consumers for a centralised
healthcare database, what is in store for the future of healthcare is limitless.
Pneumatic chutes, PACS, automated laboratories and other technologies are on the
verge of becoming norms in both public and private hospitals.