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Topic : What Consumers want in Healthcare?
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Industry : Hospitals
Functional Area : Valuation
Activity: Question posted: 09 18 2009 08:49:52 +0000, 2 answers, 147 views, last activity 07 06 2010 20:18:08 +0000
 
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In india healthcare services are becoming costlier day by day & even OPD services are more than 300% higher than what was availaible 4-6 years earlier.

There is definetly addition of world class services which have effected the level of hospital care at a very positive level but now the cost of healthservices are becoming unafordable due to many factors which may include the following:

a) A very high increase in the percentage of share for Professional services given by doctors     including procedure & OT fees.

b)Significant increase in regular manpower remuneration like Nursing Staff & Technical staff.

c) Increasing cost of Implants, medicines & Drugs.

d) High cost on hospital operational services, Diagnostic services, Critical care services  & support services.

e) High cost on infrastructure now being used in Hospitals especially the green Eco-friendly technology.

f) Due to inclusion of Corporate business groups (than previously Private & charitable set-ups).

g) High involvement of superspeciality services in the hospitals e.g cardiology, nephrology, gastro-enterology, endocrinology & neuro surgery.

 
  Answered by     Amit Patel, Senior Consultant, Projects R' Us  | 11 28 2009 04:13:15 +0000
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Affordability of healthcare in India is not beyond reach as may be experienced by nation such as U.S. Biggest concern should be public healthcare in rural areas followed by R&D capabilities to tame possible future threats of unknown dieses. Relatively, price to solicite care or tx do seem to be moving upward at a rapid pace but input costs equally contributes to such phenomenon. Besides, providers always look to get that bottom line little fatter. Cost for land acquisition, development, infrastructure, technology and operating expenses including Accounting & Finance, H/R, engineering, marketing and AMC keep moving north. Investor or provider is entitled to 'Profit' and Rx is not getting any cheaper. One can not expect prices to correct. Instead, all should prepare a plan to tackle the beast without breaking the bank. Insurance companies need to do better job at underwritting, contract pricing and case management.

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Day light robbery!No control of fees on Drs and Hospitals.Plus if you have mediclaim the fees are immediately upped for no reason..."Rob as much as you can!" The sufferer is consumer who pays more & more premium to insurance.

 
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