Affordable Healthcare: What It Means and How to Get It
In 2000, Dr. Devi Shetty, a renowned Indian cardiac surgeon, founded Naranyana Hospital with the aim of providing quality at the affordable price. NH quickly gained a reputation for providing high-quality healthcare at a fraction of the cost of other hospitals. Narayana Health is now a leading healthcare provider in India, with a network of over 25 hospitals and clinics across the country. The company proved that cheap does not mean poor quality! Narayana Health has received numerous awards and accolades for its work in the healthcare sector. In 2023, the company was awarded the Excellence in Patient Safety award by the Times Health Survey. Narayana Health has also been accredited by the Joint Commission International (JCI), which is a leading global healthcare accreditation organization.
Dr. Shetty was able to achieve this by implementing a number of innovative practices, including:
Naranayana Health has shown that provision of quality and affordable private healthcare is possible! Imperial logistics is the way with unjani clinics and continue to improve access with this innovative female nurses lead initiative. They shattered the myth that you cannot supply private healthcare to poor people in a commercially viable way. According to imperial, Ujani has 130 clinics, employ over 500 people and does over 75 000 consultations per month. It is ironic that imperial, a logistics company saw opportunity were all healthcare providers did not!
We have to enable access to healthcare in rural areas. Everyone is fighting to serve the top 10%. This top market primarily consist of Netcare, Life healthcare, Mediclinic etc. Every healthcare service provider want in and they neglect the vast majority that also need healthcare.?
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There are already medical professionals battling low resources and poor infrastructure to bring healthcare to rural areas. These heroes and heroines are doing it without support from anyone including government. They get up each and every to care for the people in those areas. They do so because they know that without them, the whole system will collapse. They are the system! How long will this continue? No one knows but it won't be forever.
What is to be done?
There is vast untapped potential for private companies to help improve access to healthcare in rural areas. There are already a number of doctors and nurses working in rural areas. They know and understand challenges in those remote areas more than anyone. All they need is a support to help facilitated access to healthcare. They need companies that can partner with them to build healthcare infrastructure. They need funders with innovative funding solutions to help them acquire medical equipment. They need partners to help them lower their running costs.