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Showing posts with label IndianInstitutional Pyramid. Show all posts
Showing posts with label IndianInstitutional Pyramid. Show all posts

Thursday, December 25, 2008

Apollo Hospitals Inducted In Companion Global Healthcare Network


The Companion Global Healthcare Inc of US has inducted the two facilities of India-based Apollo Hospitals in its network. The Apollo Hospitals in Bangalore and Delhi have been accepted in the medical travel company's network for getting medical care outside the US at affordable prices. With the help of two Indian facilities, Companion can arrange travel, set appointments and provide other services to its individual clients and US employer group members.

The US-based healthcare network offers surgery and other care to American patients at rates substantially lower than those charged by most US hospitals. There are 13 hospitals in hospitals in India, Costa Rica, Singapore, Thailand, Turkey, Ireland and Taiwan under the Companion Global Healthcare network. Commenting on the inclusion of Apollo facilities, Companion Global Healthcare President David Boucher said that Apollo's presence in the network will help the organisation to expand its offerings to employers and individuals.

According to an Apollo hospitals official, Apollo Hospitals will provide not only great value but also world-class clinical outcomes to US patients at its centres of excellence for advanced procedures like cardiac, orthopaedic, spine surgery, transplants and cancer treatments. Headquartered in Columbia, South Carolina, the Companion Global Healthcare Inc provides assistance to clients who travel to its network hospitals around the world.

Source: india-server.com Contributed by: DMSMedwire Research JSG Team

Wednesday, December 10, 2008

IRDA plans health data repository


The Insurance Regulatory and Development Authority (IRDA) is working on the formation of a data repository for health and motor transport insurance. It is also planning to developing insurance policies in vernaculars.

“It is a suggestion. Languages of the products and mechanics of the whole thing evolve through a process of interaction between the regulatory body, counsel and individual companies,” said J Hari Narayan, chairman, IRDA. Currently, insurance policy is issued in English only. The dry run for such a data mechanism health and motor is complete and it is likely to be made available to the insurers by the end of the current financial year.

Speaking to the reporters on the sidelines of a health insurance summit, which was jointly organised by CII and KPMG in Mumbai on Tuesday, J Hari Narayan, chairman, IRDA said that the tariff advisory committee (TAC), which is part of IRDA, was working on the development of such a database. While data warehouse has already been created, things like the regulatory requirement and software for the same were being put in place, said Narayan. In this connection, the experiments in various forms are being conducted and the people have been trained how to send the data to the insurers as per their requirement. The whole transmitter of information from where it is created to the warehouse has been stabilised, said Narayan.

The total healthcare market in the country currently is valued at Rs 1,70,000 crore which comprises of Rs 1,00,000 crore expenses by the out patients and the remaining Rs 70,000 crore goes for hospitalisation.

“And merely 5 per cent of this hospitalisation costs have been covered by insurance so far and hence we are planning to take it up to 20 per cent in the years to come,” said Narayan.

Source: indianexpress.com Contributed by: DMSMedwire Research JSG Team

Monday, November 24, 2008

India's Healthcare Conundrum [Analysis]: Non-governance & curruption are preventing proper delivery


Anbumani Ramdoss, India's Health Minister, recently had occasion to highlight the vast gap in the medical workforce in the country. According to him, while the country had around 700,000 doctors, it needed 800,000 more to meet the standards of the World Health Organisation. He added that the country needed 1.5 million more nurses to achieve, as the Indian Planning Commission has indicated, the nurse-patient ration of 1:500.

In order to overcome the huge deficit, conditions for establishing medical colleges have been relaxed. Sensing an opportunity for making a killing, politicians, their financiers and other influential and powerful business interests have got into the act. Colleges have been and are being opened any and everywhere regardless of the availability or otherwise of the necessary faculty, equipment, patients and/or hospital-beds. Faculty members of distant institution are hired for few days to meet the needs of inspections, which, too, are rigged. Even fake patients are sometimes made to occupy, on payment, beds lying vacant in the attached hospitals.

A member of the Medical Council of India recently lamented the absence of accreditation of medical education in India, the efforts being concentrated more towards securing recognition. The main reason for this aberration, he said, was the "absence of sincerity and moral values in the society".


Training and education of nurses is no different. Because of shortage of a million nurses, to achieve the ratio of one nurse for every 500 patients colleges have been allowed to be opened with scant facilities of teaching and learning. Producing nurses possessing, at best, rudimentary theoretical awareness with little knowledge or training in clinical applications, such institutions are only fattening their promoters doing nothing for the country or for the noble profession. Only the institutions of excellence that the government proposes to open may redeem to a limited extent the ongoing compromise in the quality of nursing.

The proliferating diagnostic labs are also an area of huge concern. According to the Quality Council of India, although 70 percent of the modern medical care is based on diagnostic lab tests, 90 percent of medical laboratories have remained unregulated by any standard. Most of the pathological laboratories do not follow any quality benchmark for want of stringent requirements. Here again, accreditation (by government or other recognised agencies) is virtually absent and, hence, quality control is non-existent. Leave alone hygiene or sanitation, even sensitivity towards the need for a sterile ambience is absent. Qualified pathologists or radiologists are frequently unavailable. Inspections are unheard of and the entire system is governed by the hardly relevant Shops and Establishments Act.

Instead of tackling these vital issues, Ramdoss got into avoidable controversies. Besides, to benefit a party apparatchik he banned production of vaccines by public sector labs, causing their widespread shortage that continues to date.

He, however, successfully imposed a ban on smoking in public places. He is now poised to move into the areas of drugs and alcoholism. Ramdoss's strategy of mounting attacks on the lifestyle or habits or substances the pursuit and/or use of which cause deadly diseases necessitating heavy public investments for their treatment cannot but be appreciated.

India's healthcare is a conundrum that would need much more than mere tinkering. To take care of health of a billion people, mostly poor, the immediate need would seem to be ruthless governance and rooting out of the prevailing rampant corruption in the health sector. And, the country is now at such a stage when penalisation of the states, the main instruments of healthcare delivery, for non-performance by blocking off their funding seems to have become necessary.

Source: ohmynews.com Contributed by: DMSMedwire Research JSG Team

Tuesday, November 11, 2008

Healthy Growth On The Indian Terrain


Fortis Healthcare is expanding its network with a mix of acquisitions and greenfield units without compromising on profitability.

India’s second largest private healthcare company, Fortis Healthcare, has turned in net profits for two quarters in a row for the first time since starting operations in 2001. The company recorded profits of Rs 10 crore in the September quarter and about Rs 70 lakh in the preceding quarter on revenues of Rs 167 crore and Rs 148 crore, respectively.

The healthcare services provider, which runs a network of 22 hospitals across the country with a capacity of just over 2,500 beds, was able to achieve better numbers by controlling costs, improving its capacity utilisation and rightsizing its medical staff. Though the multi-speciality healthcare provider is making investments in expanding its geographical network and acquiring hospitals, it believes that it has reached a size which will allow expansion without compromising on margins and profitability.

TheEscortsmakeover
One of the major reasons for the turnaround of the company is improvement in operating margins at the 300-bed Escorts Heart Institute, Delhi, and the largest in its hospital network. The departure of a key personnel including Dr Naresh Trehan last year had dealt a severe blow to the brand as well its operations leading to a drop in occupancies. The cost cutting measures and rightsizing of staff which included moving part of the nursing staff to other locations has helped Fortis move from Ebidta levels of 9 per cent earlier to 14 per cent in the current quarter on the back of 70 per cent occupancies and revenues of Rs 51 crore during the quarter.

The management believes that there is scope to increase operating profits to about 20 per cent of revenues. The hospital also got a boost when noted cardiologist Dr Ashok Seth, who had left the hospital to join Max Healthcare three years ago, joined back and is now the chairman of the Escorts Heart Institute. The company is bullish on growth prospects at Escorts as well as its units across the country as it believes that the cardiac market is underserved. It estimates that while there have been about 2.5 lakh cardiac-related surgeries (Rs 1.5 to Rs 2.5 lakh per patient) over the last 15 months in the country, the market is estimated to be 10 times as much at about 2-2.5 million per year.

Expansion
Fortis wants to add 400-600 beds to its existing capacity in the current fiscal which will take its total capacity to 3,000 beds. While 150 beds will be added at the Vashi, Mumbai facility which will start full-fledged operations next month, the balance will come from acquisitions the company is planning over the next four months. The company is setting up two greenfield facilities at Shalimar Bagh, New Delhi, and Gurgaon with a capacity of 258 beds and 350 beds, respectively.

These are to go onstream in June 2009 and January 2010, respectively. The company plans to invest Rs 400 crore in expansions in the current fiscal. While Rs 100 crore is being invested in the two greenfield facilities, Rs 40 crore is being utilised for expanding the current facilities. The company intends to use the remaining to fund its inorganic initiatives. The management does not feel the need for equity infusion to fund its growth initiatives and believes that at a debt to equity of 0.5 it is comfortably placed to meet future requirements.

Source: business-standard.com Contributed by: DMSMedwire Research JSG Team

Tuesday, November 4, 2008

AIMMS Hosts Conference On Healthcare


The department of hospital administration of the All India Institute of Medical Sciences (AIIMS) on Monday inaugurated The South Asian Conference on Synergy and Healthcare-- Sashcon 2008. It is a second conference in the series of Sashcon conferences-- the first was held in Bhutan in 2005. The theme of the conference is planning and designing of specialty healthcare facilities, with major focus on safe hospitals and patient safety. Among other objectives of this first of its kind conference are emphasising on the need for shift from multidisciplinary design to single specialty centre based approach, to patient care in tertiary care settings; maintaining safe from diaster hospitals; need for patient safety policy and also energy management and green hospitals etc.

About 500 select experts are expected to participate in this four-day conference, which includes hospital promoters, healthcare policy makers, medical professionals, financial experts, engineers, architects among others. The conference provides a platform to these various stakeholders to deliberate upon the relevant issues in the field of healthcare.

Source: tradingmarkets.com Contributed by: DMSMedwire Research JSG