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Healthcare is among those sectors that ensure sustenance of any nation over the longer term. It is because of the developments made in this field that humans are enjoying longer life expectancy. Without a significant contribution from this particular industry, there’s no way that mankind can live long enough to aid overall growth and development of civilization. If we look closer into industrial statistics, our country happens to be the largest contributor in the world as far as the healthcare sector is concerned. By 2022, India’s healthcare market is all set to cross the whopping $372 Billion mark. The healthcare industry comprises of all the aspects related to healthy living, and one of the key facets of the healthcare industry which is not only essential for ensuring good health of people but is also registering immense growth in the current times is the hospital sector. Suitable Environment for Growth of the Hospital and Healthcare sector The data from the past years reve

Healthcare was conventionally considered as a public sector forte, and there has been a primary thought process that a service as crucial as healthcare should be provided and supported by the public sector only. However, with drastic shifts in operations and approach in the Indian socio-economic context, health has also made its way to the private sector following the footmarks of many other industries. The healthcare reform initiatives along with the emerging trend of privatization of multiple state-owned sectors, the Indian healthcare industry is showing a paradigm shift with major investment chunks getting channelized through this sector. With 80% of the Indian market under its grip, the private sector can be proclaimed to be one of the significant contributors in the healthcare industry in the present context. In earlier days, state-run hospitals used to be the primary source for receiving medical assistance for everyone. With the passage of time and change in the global cond

There is a famous saying that the world is turning into a global village. The interpretation of this phrase extends to its implication of the advancement of science and technology in the global scenario. With every means of communication growing dependent on the internet, reaching out to the farthest corners on earth have become much easier. Be it a corporate entity or a household, computer science and information technology have taken the entire world by storm. The same effect has transcended to the healthcare industry as well. It is undeniable that this advancement related to technological progress has a lot to offer to the healthcare sector in terms of being able to cater to a larger pool of the population. Here comes the role of the technology which is swiftly gaining prominence in the healthcare industry and that is “Telemedicine.” This refers to the provision of providing healthcare assistance to people living in a distant place right from the health center with the aid of

An industry is said to have gained a major market share when it reflects its omnipresence in the global as well the regional market. Health, being one of the critical most concerns of the modern day, has become the building block for the growth of the healthcare industry on the whole. This industry caters to a huge horizon of services starting from direct treatment-related activities to support functions. Among many industries that have been showing constant growth potential over the past few years, Healthcare is surely one among the top showing huge volume expansion and a massive spread of services offered under it. The industry is still showing an upward trend in growth in terms of employment opportunities as well as revenue generation. The Multilayered Structure The primary components of the healthcare industry include hospitals, clinical trials, medical devices, telemedicine, outsourcing, health insurance, medical tourism, and medical equipment. Owing to its firm coverage

Healthcare is one industry where Information Technology has made a dramatic improvement, and yet the growth is being expected to gain even more pace with time. From robotic arms performing surgeries to Nanorobots delivering drugs through the bloodstream, machines, and software are playing a significant role in improving healthcare. Health Information Technology is changing the way healthcare is being used to improve patient care. It helps in providing complete information with the highest accuracy about patient’s history and health. This makes best medical advice available without delay even in case of medical emergency. Healthcare IT is contributing to healthcare services by playing several vital roles. Some of the significant facets where the Health Information Technology is paving the way to bring about improvements in the field of healthcare services are: Financial Savings: Healthcare services are relatively expensive and wasteful repetitions may worsen the situation. Som

Health has never been easy to maintain despite the vast medicinal and technological advancements. The entire healthcare industry is facing challenges in bringing a brighter and healthier future while keeping the costs manageable. This cannot be fulfilled by only developing new drugs and treatments. This also depends largely on the care provided to patients, preventing the diseases from spreading, treating the diseases in the best manner, and so on. The stated healthcare aspects cannot be managed manually using hardbound registers year after year and keeping them in a record room. This data and information need to be used to record patient data so as to improve healthcare delivery and patient experience. This data can also be utilized by both healthcare practitioners and ministry of health/government agencies for in-depth analysis of the diseases and treatments. This purpose is fulfilled by Health Information Technology, or what is also known as Health IT. Health IT has expanded t

The common perception in the minds of the general public is that health insurance is needed when one falls sick or gets hurt. Of course, no one plans to fall sick but yet the bitter truth of life is that we all require medical care in one way or the other. Hence having a health insurance plan is no longer optional. This article is for you whether you have a health policy or not, so don’t leave before reading till the end. Let’s glance upon five key benefits of having a health insurance plan. Family Cover and Pre and Post Hospitalization Expenses Coverage : Many times, it is seen that one particular family member is going through some medical treatment which requires a lot of finances on a constant basis. In such a case, a family floater policy allows you to share the total sum assured of the family to be utilized for that particular member. This eases out lots of stress in case of an untoward happening. Further, many health insurance policies are offering to cover the cost of O

PM Shri Narendra Modi is being looked up as a ‘game changer’ in his four years of serving the nation. This especially holds true with respect to his vision of making India disease-free by 2025. The world has witnessed another phenomenal ‘Modicare’ launch in the form of Ayushman Bharat Yojana or the National Health Protection Scheme. Ayushman Bharat is being said to be the biggest government-sponsored healthcare scheme in the world as of now. The official name of the project “Ayushman Bharat” means “Long Life India”. It aims to offer cashless and paperless healthcare services to the poor and lower strata of the population.  This centrally sponsored scheme, National Health Protection Scheme, was launched throughout India on 25 September 2018 under the Ayushman Bharat Mission of the Ministry of Health and Family Welfare (MoHFW) for a new India. This healthcare plan is one of the two major health programs covered under PMJAY which targets to secure the country’s poorest 40 percent