Col Hemraj Parmar, Group CEO, B R Life
Globally the biggest industry is healthcare. The size of healthcare industry is about 10 trillion dollars. India spends very less amount on healthcare approx one percent of GDP. The Government of India launched Ayushman Bharat to provide 100 million vulnerable families a free insurance coverage of worth Rs 5 lakh. In wake of huge running cost of healthcare services, providers need to recalibrate their cost-strategy. Providers need to focus on innovative practices, envisioning designing and operationalising smart hospitals. PPP model is future of healthcare delivery model. It is a marriage between financial support provided by the Government and expertise like clinical and managerial which private partner facilitates.
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