Medical Solutions travelled the length and breadth of India to talk to the countrys healthcare leaders. How do they meet the challenges facing their country What is their vision for the future of healthcare in India Their strategies: Bold healthcare business models that other countries can even adapt. Dr. Devi Shetty Chairman and Founder of Narayana Health (NH) is known the world over as the Henry Ford of heart surgery for applying mass production techniques to healthcare, thereby exploiting economies of scale. His healthcare model has worked, and with tremendous success. From a 300-bed hospital in 2001 at Bommasandra, in Bangalore, NH today is a 6,000-bed healthcare conglomerate, with 17 hospitals in 13 locations across India. Over the next six years, Shetty plans a five-fold increase to become a 30,000-bed healthcare provider with a global presence. He plans to achieve this by building low-cost, 300-bed, multispecialty hospitals that take just six months to construct.
Shettys hospital chain never turns away a patient due to a lack of funds. Despite this policy, NH claims to make higher profits than several American healthcare chains.
Working on the Healthcare Challenges in India According to Shetty, countries can reduce the cost of healthcare by increasing the number of healthcare professionals, such as doctors, nurses, technicians, and administrators. And he is optimistic that the scenario will change very soon in India. He is one clinician who has been working on the most common challenges gripping the Indian healthcare industry the prohibitive cost of healthcare services, lack of specialists, low penetration of medical insurance, and the high cost of medical education through various initiatives. In his opinion, India has all it takes to emerge as a major healthcare provider to the world.