IIHMR Delhi

The Indian healthcare sector is growing by leaps and bounds owing to the growing demographics and the booming demand for quality healthcare. The increasing healthcare costs, rising out-of-the-pocket expenditure, inadequate public funding, and several other factors have been consistently contributing more and more to the need for health insurance. Now, India is entering a new paradigm of healthcare with a Universal Health Coverage scheme introduced recently by the Prime Minister of India. Ayushman Bharat: What is it? The Ayushman Bharat or Pradhan Mantri Jan Arogya Abhiyan (PMJAY) is a universal insurance scheme with a cover of INR 5 lakhs. The scheme has been touted as the world’s largest health insurance cover, benefiting over 10 crore families across the nation, particularly from the low socio-economic background. In addition to the scheme, the government has also announced to improve the healthcare infrastructure with 1.5 lakh health and wellness centers and 24 new medical

As the public awareness about healthcare is growing, there is an increasing need for the healthcare industry to cater to the fast-changing consumer needs and demands. Consumers are becoming more and more demanding of their health needs and looking for cost-effective and efficient healthcare services to be delivered with quicker response and lesser waiting times. If this remains the mindset of the future healthcare consumers, then the healthcare industry will have to tune itself by revamping and reorganizing their existing healthcare models to meet the consumer requirements and demands. The Indian healthcare industry as of now is becoming one of the leading contributors to the country’s employment and revenue generation. This growth and development is expected to increase further in the coming years at a rapid pace, thanks to the existing growth drivers like rising geriatric population, increasing prevalence of chronic diseases, and strong economic performance. Besides, the rapid

The radical changes and rapid expansions inthe Indian healthcare sector are turning it into a promising industry for the providers and consumers in terms of growth, revenue, and employment. Moreover, the wave of ‘digitally empowered’ health consumerism is making its way through the industry, causing the traditional healthcare providers market to provide more emphasis on delivering better and personalized patient experience. Adding to the fact, the modern healthcare consumer today are living in a world of increasing personalized services and on-demand delivery, where the patient decisions are highly influenced by their needs and preferences. As a result, providing value-based, personalized healthcare experience for patients is increasingly becoming the prime area of focus for the providers. The healthcare sector in India has contributed around 6% to India’s GDPand is estimated to grow at a rate of 15% CAGR for the next 15 years. In order to meet the increasing customer expectation

The convergence of growing medical complexity, aging population, and increasing prevalence of chronic diseases, in addition to the rising technological costs in healthcare, are all placing a significant stress on the healthcare system. As a result, there is a need for reforms that address the problems of the more and more complex healthcare are simultaneously providing a high-quality care to meet the health and social needs of the patients. As such, health systems that can ensure fast and best healthcare services delivered at the lowest possible cost are becoming the need of the hour. In that sense, integrated healthcare delivery model is a viable solution that is increasingly sought after by the healthcare providers. What is Integrated Healthcare Model? Integrated healthcare delivery model is a concept that brings together healthcare data, delivery, management, and all organizational services related to diagnosis, treatment, rehabilitation care, and health promotion into the

The increasing demand for healthcare and the rise of new digital technologies has brought in some revolutionary changes to the healthcare industry in the recent years. Everything from advanced robotics and 3D printingto Big Data is being integrated into the sector to improve patient care and efficiency. Indeed, science and technology are the key enablers in exploring new ways to increase the efficiency and quality of healthcare. Innovative solutions using technology can play a key role in advancing disease prevention, expedite diagnosis, and enable remote patient monitoring that reduces healthcare cost and time considerably. In that sense, the healthcare industry today is embracing technology across the patient-care continuum to mitigate the constantly rising healthcare costs. In today’s healthcare market that is financially stretched, medical technology is often seen as an expensive and luxurious commodity. However, the use of the ‘right’ technology in healthcare can actually cu