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The Future Of Healthcare Industry In India

Conference on Future Healthcare in India concludes with Promise of Inclusive Delivery

By Content Writer
The Future Of Healthcare Industry In India

The India Healthcare industry has made significant advancement owing to the emerging technologies. The healthcare industry in India is already one of the country’s largest sectors in terms of both employment and revenue generation
The healthcare industry in India accounts for worth $160 billion and is expected to reach over $280 billion by 2020. 
Despite, the tremendous growth and advances, the healthcare industry is dealing with a plethora of challenges.

Thus, with the aim of providing a platform for educating and enabling open discourse on the state of tomorrow’s healthcare systems, leading health sector Management University, IIHMR, concluded the 23rd edition of its flagship annual event, Pradanya 2018. The event concluded on breakthrough technologies, transformations, innovations and discoveries and their impact on current and future models of medical service delivery.

The conference saw participation from executives and management officials from government, private, social and development sectors, healthcare providers, academic researchers as well as students of health, hospital, pharmaceutical and rural management.

Future Initiatives In Healthcare

The country is aiming to achieve Sustainable Development Goals (SDGs) in rural development. Access to healthcare in India is marred by huge costs of Out-of-pocket expenditure which pushes 7% of India’s households into poverty every year. Especially, when the affected victim is the sole bread earner in the family the cost is even more debilitating. The awareness levels, willingness to submit to clinical diagnosis at the primary healthcare level and access to secondary or tertiary healthcare services is lower among the most disadvantaged.

Dr Indu Bhushan, CEO, Ayushman Bharat, Government of India, said, “Our aim is to amalgamate all these services into one but not force this model upon anyone. That is why we have been careful in choosing healthcare service providers that fit into the model, that are willing and prepared to serve. There is no rigidity in the model and we are open to feedback.”

Challenges Faced By Ayushman Bharat

Ayushman Bharat Yojana is a program which aims to provide a service to create a healthy, capable and content new India by providing coverage up to 5 lakh rupees to over 10 crore poor and vulnerable families, per family per year for secondary and tertiary care hospitalization.

The Ayushman Bharat is a great scheme in concept but, as a responsible agent of change in Rajasthan, has faced real issues in implementation. There remain challenges to costing and rate fixation for the 1350+ procedures covered among private hospitals and consideration of their specific infrastructure expenses

Shri Naveen Jain, Managing Director, NHM, said, “Insurance coverage to universalize healthcare access is a step in the right direction and we are grateful for the accommodation of visions that the PMJAY has provided us with. There remain challenges to costing and rate fixation for the 1350+ procedures covered among private hospitals and consideration of their specific infrastructure expenses.”

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