Healthcare at ISB’s Post

At the ISB Healthcare 4.0 session, our CEO, Dr. N. Krishna Reddy, joined a panel of experts to discuss the challenges of out-of-pocket healthcare spending in India. While it's the least favorable financing method, it's the reality for nearly half the population. This lack of control can lead to unnecessary treatments and difficulty holding providers accountable. Watch the highlights and full session to find out if changes to healthcare financing lead to better health outcomes! Healthcare at ISB

India’s Healthcare Paradox 🤔 The Central and State governments’ budgeted expenditure on healthcare touched 2.1 % of GDP in FY22-23, one of the lowest among other nations ironic to the most populous country. Despite remarkable strides, India grapples with the persistent challenges of building and upgrading healthcare infrastructure while ensuring the accessibility and affordability of quality healthcare services. 3 Key gaps that demand attention : 🎯Public vs Private Healthcare: India has a dual healthcare system, with both public and private healthcare providers. Government spending on public healthcare facilities has historically been limited, while the private sector plays a significant role. 🎯Infrastructure Gaps: India faces infrastructure gaps in its healthcare system, including a shortage of hospitals, clinics, and healthcare professionals. Building and maintaining healthcare infrastructure requires substantial investment. 🎯Poverty and Inequality: A significant portion of India's population still grapples with poverty, and for many, healthcare expenses are a burden too heavy to bear. Reducing poverty and narrowing income inequalities are pivotal steps toward ensuring better access to healthcare. Envisioning a future where healthcare is not a system but a lifeline and every citizen can afford and access the care they rightfully deserve.✨ Fitnastic.Health #india #healthcare #health #future #change

Hours get converted to minutes, and minutes to seconds. It was privilege to hear from Prof. Indrani Gupta, Professor & Head, Health Policy Research Unit, Institute of Economic Growth, India, on “Health Insurance and Health Financing”. (https://lnkd.in/g8teNaYG) Best of this season so far! Stalwarts like her should be heard by each and every health and life science professionals. #niper . India should make full use of her rich experience and visualize the way she looks at healthcare system. What caught my attention is her evidence-based judgement and the practical approach of addressing the health system issues. Impeccable. #mohfw #goi One of the observation that we debated is the marginal reduction in the share of health in the aggregate Union budget, which was 3.6% of GDP in 2021-22, fell to 2.7% in 2022-23 and stands at 2.4% in 2023-24. Someone would expect that a country with highest population in the world, would learn from COVID like pandemic (2nd in ranking of worst hit nation) and look to make healthcare more robust, resilient. Since everything boils down to financing to strengthen the health care system, I wonder the rationale behind keeping the health care expenses static. Figures do not reflect the importance and urgency. Would be great to hear if somebody could rationalize it in context of India. #mohfw #policyresearch #goi   Thanks to our Dean & Prof. Dr. Venkat Raman for organizing this session. A. Venkat Raman Dr Rahul Amritraj Sumit Jethani Dr onam Aggarwal  Dr. Deepti Bakde. Dr.Alankrita Chaudhary Dr Naila Warsi Dr Simmi Tiwari Dr. Ruby Dahiya Hamid Khan Dr. Arvind Arya Faculty of Management Studies - University of Delhi #fms Dr. Shweta Sagar Dr Shraddha Tiwari Dr. Sagar Verma Pritam Datta Dr. Navneet Anand

Indian Hospital Industry presents an interesting opportunity. There appears to be massive headroom for growth. India has one of the most underpenetrated healthcare systems in the world. Four factors that give Indian hospital sector an advantage are: 1. Government’s emphasis on healthcare expenditure 2. Increased occupancy from pre-covid levels 3. Rising average revenue per occupied bed (ARPOB) over the last 4 years 4. Lowest bed intensities in the world Source: #ICRA report/Business Line *Not to be construed as investment advice #wealthmanagement #wealth #wealthtech #capitalmarkets #startupindia #fixedincome #mutualfunds #equities

With a staggering population of 1.42 billion, India faces a critical healthcare infrastructure challenge. The current hospital bed-to-population ratio stands at 1.3 per 1,000 people, falling significantly short of the World Health Organization's recommended three beds per 1,000 people. This glaring disparity underscores the pressing need for a robust healthcare system to cater to the diverse healthcare needs of the Indian population. According to recent studies, there is an urgent demand for an additional two billion square feet of healthcare space to bridge the existing gaps. The need for expansion is not merely quantitative but also qualitative, encompassing modern facilities, advanced medical technologies, and a skilled healthcare workforce. Addressing this gap is not only crucial for meeting the immediate healthcare needs of the population but also for building resilience against future health challenges. A comprehensive strategy that combines infrastructure development, healthcare policy reforms, and investments in healthcare education is imperative to ensure that every Indian has access to quality healthcare. As the nation advances, the evolution of its healthcare infrastructure becomes paramount for fostering a healthier, more resilient society. The call to action is clear – it's time to invest, innovate, and prioritize the well-being of 1.42 billion lives. #IndianHealthcare #HealthInfrastructure #PublicHealth #HealthcareChallenges #InvestInHealthcare #PublicHealthcare #HealthcareInnovation

India needs 2.4 million more hospital beds, which presents a significant investment opportunity in healthcare infrastructure, Financial Express reports, citing a study by Knight Frank and Berkadia. With a population of 1.42 billion, the existing hospital bed to population ratio in India is 1.3 per 1,000 people — a figure that should ideally be three for every 1,000 people, as mandated by the World Health Organisation. There is also a need for additional healthcare space of two billion sq.ft., the study says. The main drivers for the growth in demand for healthcare are a slowly expanding population of aged citizens, increasing incidence of cardiovascular and other lifestyle diseases, rising per capita income, more awareness, and wider penetration of health insurance, the report says. Additionally, India is also positioning itself as one of the most affordable destinations for medical tourism, despite the shortage of medical infrastructure. Shishir Baijal, Chairman and MD at Knight Frank India, says that healthcare assets have emerged as favourable instruments for long-term income generation, particularly for ultra-high-net worth individuals. He adds that medical research and development is also becoming a sought-after segment for investments. The government estimates 582 investment opportunities in the healthcare space at a value of $32 billion. The healthcare market in India has grown annually at 18% to reach a value of $327 billion last year, compared to $73 billion in 2012, the report adds. How can the healthcare infrastructure in India be improved? Share your take in the comments section Source: Financial Express (India) - https://lnkd.in/gdSvt7B2 ✍: Abhiraj Ganguli 📷: Getty Images #healthcareindia #hospitals #medicalindustry #india

Healthcare in India presents great growth opportunity for the development sector. However, it will need concerted efforts from the supply and the policy sides to create the right milieu for long term investments in this segment.

In India, a staggering 30% of the population remains vulnerable, lacking any form of financial protection for their health needs. This stark reality highlights the immense challenges faced by millions of individuals and families across the country, as they grapple with the burden of healthcare expenses without adequate support systems in place.🏥💰 Affordplan steps in as a comprehensive healthcare financing platform, offering a lifeline to those in need. By providing tailored savings plans, cashback rewards, and convenient payment options, Affordplan empowers individuals to manage their medical expenses effectively. With Affordplan, no one has to compromise on their health due to financial constraints, ensuring that access to healthcare remains equitable for all.💙✨ Choose life, choose swasth. #Affordplan #Healthcare #HealthcareSavings

Healthcare inflation in India is soaring at around 14%, a staggering rate indeed. 💸 This includes expenses from medicines to surgeries, making healthcare affordability a growing concern. 🏥 To compound matters, many neglect to budget for medical expenses, especially when young, only to face escalating costs as they age. 👴 Planning finances must factor in both current and future healthcare expenses, adjusted for inflation. It's not just about today's bills; it's about securing tomorrow's health too. 💡 #HealthcareInflation #FinancialPlanning #HealthIsWealth 🌟