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INTRODUCTION HISTORY PROVIDERS AND PROFESSIONALS KEY SEGMENTS RELATED SECTORS PRIVATE SECTOR PUBLIC SECTOR HEALTHCARE INSURANCE SECTOR HEALTHCARE IT SECTOR MEDICAL TOURISM MARKET DRIVERS SERVICES ASSOCIATED WITH HEALTHCARE INDUSTRY GROWTH DRIVERS SIZE OF THE INDUSTRY TOP LEADING COMPANIES RESEARCH AND DEVELOPMENT INDIA-CHAGING SCENARIO CURRENT TRENDS SWOT ANALYSIS FUTURE AND CHALLENGES
INTRODUCTION
The health care industry, or health profession, treats patients who are injured, sick, disabled, or otherwise physically or mentally infirm, and maintains general health in populations and communities through the promotion of healthy behaviors and prevention of disease. For purposes of Finance and Management, the healthcare industry is typically divided into several groups and sectors.
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HISTORY
In between the 1950's and 1980's the Health care facilities and personnel increased substantially, but gradually due to the fast population growth, the number of licensed medical practitioners per 10,000 individuals had fallen in the 1980's to 3 per 10,000 from the 1981 level of 4 per 10,000. There were approximately ten hospital beds per 10,000 individuals in 1991. Primary health centers are majorly the cornerstone of the rural health care system.
In the year 1991-2000, India constituted about 22,400 primary health centers, 11200 hospitals, and 27,400 dispensaries. Such facilities were the part of a health care system which solve more difficult cases into urban hospitals while attempting to provide routine medical care to the vast majority in the countryside. Primary health centers and subcenters would majorly rely on trained paramedics to meet most of their needs.
BY 2011
BY 2012
$40 billion
PRIVATE SECTORS
The private sector is part of the economy which is owned and controll by private individuals or businesses. Example: APOLLO
PUBLIC SECTORS
Indian healthcare industry operates in both of the private and public sectors. The public sectors are healthcare system consists of facilities run by the central and state governments. The facilities are provided freely or at subsidized rates to lower income families in rural and urban areas. Eg.. AIIMS DELHI. SAFDARJUNG HOSPITAL
CONT
Yojana (In the last two-and-a-half years there are more than 50 lakh women who have been brought under the Janani Suraksha JSY) for good institutional deliveries.
CONT..
5% population is covered through community insurance schemes. 85% population pays out of pocket, known as private spending. Slow entry of Health insurance companies, due to regulatory issues and market dynamics
HEALTHCARE IT SECTOR
Hospitals and other healthcare business are realizing that it can be great to increase efficiencies. IT companies are offering wide ranging solution. Indian IT market is poised to be US$250 million by 2012.
MEDICAL TOURISM
High Quality Medical facilities- Appolo; Fortis ,Max, Escorts,Hinduja are some of the best facilities comparable with any good international facility. Indian doctors are perhaps amongst the best doctors in the in the world NRI doctors recognized as amongst best in adopted countries. Cost advantage first world treatment at third world costs. Indian nurses are now in demand worldwide.
2.5 USD bn
2.0
1.5
1.0
0.5
0.0 2006 2008 2012 2006 -2.0 2008 2012
Medical Tourism
1.2 1.0 0.8 0.6 0.4 0.2 0.0 2006 2008 2012
20
USD bn
21
Growth Drivers
Economic Growth Availability of Insurance Regulatory Support
GROWTH
Available Skilled Manpower Changing Population Demographics
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GOVERNMENT INITIATIVES
National Rural Health Mission (NRHM) has been launched in the year 2005 by the Government. The main aim is to provide quality healthcare for all and there would be an increase in the expenditure on healthcare from 0.9 % of GDP to 2-3 % of GDP by 2012. According to Union Budget 2010-11 there is an increased allocation for Ministry of Health and Family Welfare from US$ 4.2 billion in 2009-10 to US$ 4.8 billion in 2010-11.
UK
40,000 2,50,000
7,500 -------
23,000 1,50,000
3,00,000
20,000 20,000
------8,000 3,500
69,000
6,000 2,000
COST (US$)
2,00,000
12,000 10,000
CONTD
The health care industry trends also indicate that the expenses for preventive measures is negligible as compared to the amount spent on treating chronic diseases which accounts for 70% of the fund used for health care. Trends suggest that there are very less Americans (around 23%) who make an effort to prevent any lifestyle diseases by consuming the optimum level of vegetable and fruits.
Cont
An additional 750,000 beds will be required (from 1.5 million today to 2.25 million in 2012), of which 150,000 beds need to be tertiary beds. The number of doctors and nurses enrolled in medical colleges and nursing schools will have to triple over the next 10 years. Additional 520,000 students physicians will be required by 2012. The bulk of the investment will need to be made by private providers Total Healthcare Market in India could increase from US$35 billion today to US$60 billion by 2012.
SWOT ANALYSIS
The high level self boosts your bottom line. exam that
for and
It helps focus your marketing in areas that harbor the strongest benefits.
WEAKNESS:
Damaged reputation. Gaps in service areas. Lagging in technology. Management &staff problems. Poor location or geographic barriers.
OPPORTUNITIES:
In addition to new trends, what other external opportunities exists and how can we best exploit. Opportunities could include:
new competitor. new technology. changes in population profile or need. new market segment that offer improve profit.
THREATS:
It can include anything that stands in the way of your success. What can be done to mitigate each threat? Can a threat become an opportunity? Threats could include: Competitor has an innovative product. Adverse changes in regulations. Economic shifts. Loss of key staff or associates. Shifts in market demand.
Vision
Healthcare Solutions' vision is to be the leading health services intermediary, recognized for our integrated health cost management solutions for the workers' compensation and auto liability/PIP markets.
Mission
Healthcare Solutions has a clear and compelling mission to provide outcome-focused, customer-driven solutions to the workers' compensation and auto liability/PIP markets. The organization is committed to ensuring that every client receives consistent and reliable services, innovative solutions and superior provider network management
Recommendations
Step-up in Government funding and initiatives via a special task force Creating a Global Source of Skill Efficient dissemination of healthcare related information Establishment of Industry Body with adequate representation from all stakeholders
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