Can Healthcare Innovations without access & reach to the common masses be called as Innovation where the real beneficiary of any research are the people, consumers, the common man. The tragedy in our set up is that while we have a fragmented market with a high degree of public & private healthcare set ups with as many as 29 states and 7 Union Territories throwing a bigger challenges. And that’s not over, more than 80% of the healthcare expenses of the patient is out of pocket! It has resulted in 63 million people facing poverty every year due to healthcare costs resulting from lack of financial protection. India’s medical education system is one of the largest in the world. The 381 medical colleges in the country produce about 45000 doctors annually
Pharma Leaders believe that Access to affordable, high quality care was possible only if the care provided through public private partnerships was made sustainable. A healthcare strategy is truly sustainable when a certain set of conditions are met: healthcare services of a certain standard reach intended beneficiaries, the private provider makes enough revenue to sustain him or herself, and the state is able to purchase the services for the long term at a viable cost.
India has a mixed health system with large number of private players. Eighty to eight five percent of licensed physicians, ninety percent of hospitals, and eighty percent of outpatient clinics in India operate within the private sector, either in whole or in part. We have a great opportunity to maximize the benefit from the strengths of the private sector by collaborating with it.
Pharmaleaders Power Brand Awards are the most prestigious annual industry awards, recognized annually that acknowledge and honor individuals and organizations for their remarkable accomplishments. These set of awards are widely acclaimed in the industry circle as fitting tribute to those individuals and companies that have gone the extra mile to advance the excellence in healthcare through best practices, initiatives,dynamism,drive & towering leadership. Pharmaleaders Business Leadership Awards are the premier largest business and technology leadership awards program in the sub continent , covering the set of prestigious awards spanning from biotech to Healthcare to CEO awards. Pharma Leaders Power Brand Awards are conferred to those Companies & Individuals who exhibit rare display of innovation for Outstanding Academic & Professional Leadership to individuals & Companies. This top recognition symbolizes the best out of best from chosen few.
Pharma Leaders data reveal that , our country needs about 600,000 more doctors. Doctor Patient ratio in India is the root of the problem. We need to build at least 100 times more medical colleges in India. It is time we start thinking about this sector from economic point of view. More supply of Doctors means more competition, that in turn means quality improvement and low cost. As long as we prevent a few big health insurance companies taking over the entire sector and establishing monopoly, we will remain in good shape. I think increasing MBBS seats is the first step to create healthy competition in this sector.
Pharma Leaders strongly believe that Healthcare Service Delivery to India’s Poorest is Key to Healthcare Innovation