India flags off first ever healthcare facility census

Source: The Hindu Business Line, Jun 19, 2018

New Delhi: In a first-of-its kind endeavour, India is conducting a census of healthcare establishments in the country. Counting health facilities, including public and private hospitals, diagnostic labs, clinics, pharmacies and nursing homes will be crucial to the implementation of Ayushman Bharat — the cashless insurance scheme to be rolled out for ten crore families later this year.

Under the Collection of Statistics Act, 2008, estimated data of over 20 lakh facilities will be enumerated on over 1400 variables in the National Health Resource Repository (NHRR).

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8 states, 4 UTs sign MoUs with health ministry to implement Ayushman Bharat

Source: Business Standard, Jun 09, 2018

New Delhi: Eight states and four Union Terrorities have signed MoUs with the Union Health Ministry to implement the government’s ambitious national health protection mission, which aims to provide a cover of Rs 500,000 per family annually to 100 million vulnerable families, an official said today.

Four states – Delhi, Odisha, Punjab and West Bengal – have not yet given any positive response towards adopting the programme, the health ministry official said.

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‘Healthcare sector may touch ₹8.6-lakh cr by FY22’

Source: The Hindu Business Line, May 13, 2018

Mumbai: The healthcare industry is expected to grow annually at 16-17 per cent to reach ₹8.6 lakh crore by FY22 on the back of the Centre’s Ayushman Bharat scheme which, if implemented successfully, can go a long way in meeting the severe shortage of healthcare infrastructure, says a brokerage report.

The significant interest in acquiring Fortis Healthcare signifies the attractiveness of the domestic healthcare industry, says the report.“We believe the key reasons for this interest is the shortage of healthcare infrastructure, including bed capacity, medical practitioners, etc., and the government’s mega plan of expanding healthcare reach across the country through the Ayushman Bharat scheme,” ICICI Securities said in a weekend note.

Hospitals are expected to grow at 16-17 per cent CAGR to reach ₹8.6 lakh crore by FY22 from ₹4 lakh crore in FY17.

Interestingly, the present strength of doctors in the country can handle about double the current beds considering the ratio of beds per doctor in other emerging nations as also the global average.

“We believe the Ayushman Bharat scheme can provide significant growth opportunity for hospitals, though its successful implementation has to be seen,” it noted.

 Infrastructure shortage

Looking at the infrastructure shortage in the sector as a growth opportunity, the report notes the country has just 0.7 beds per 1,000 people compared to the global average of 2.7 and the WHO recommendation of 3.5 beds.

This is why hospitals are in expansion mode.

In terms of manpower, the country has just 0.7 physicians and 1.7 nurses per 1,000 people compared to the global average of 1.4 physicians and 2.9 nurses respectively.

Therefore, there is significant untapped opportunities.

The ambitious Ayushman Bharat seeks to provide healthcare coverage of ₹5 lakh each for 100 million families. Implementation of such a large plan can provide huge growth potential for healthcare companies, the report said.The industry also has been facing several challenges on pricing and margins. Considering the government focus on providing low-cost healthcare services to the poor, these challenges are expected to continue.

To overcome pricing challenges, hospitals should focus on diversified speciality mix rather than single therapeutic area.

PM reviews launch preparations for health scheme covering 100 mn households

Source: Business Standard, May 07, 2018

New Delhi: Prime Minister Narendra Modi on Monday reviewed the progress of preparations for the launch of the ambitious health assurance scheme under the Ayushman Bharat programme.

The health assurance scheme is likely to be launched in the next finiancial year.He was apprised of the preparations done so far, including consultations with states, for the smooth and expeditious roll out of the programme.

The scheme will provide a cover of up to Rs 500,000 lakh per family. It will cover over 100 million poor and vulnerable families, a statement from the Prime Minister’s Office said.

The prime minister stressed the need to provide maximum benefit to the poor under this scheme.Top officials of the Ministry of Health and Family Welfare, NITI Aayog and PMO briefed Modi on various aspects of the scheme.

The prime minister had last month inaugurated the first ‘Health and Wellness Centre’ under Ayushman Bharat in Chhattisgarh’s district on the occasion of Ambedkar jayanti.

 

Fortis Healthcare to demerge hospital division into Manipal Hospitals

downloadSource: The Economic Times, Mar 28, 2018

NEW DELHI: Fortis Healthcare’s hospital division will be hived off and merged with Manipal Hospitals apart from which it will sell a majority stake in its SRL Diagnostics unit to the same group.

The transaction will lead to the listing of Manipal Hospitals as the largest hospital services provider in the country by revenue. The Fortis Healthcare board approved the transaction on Tuesday.

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Cabinet approves Modicare with budgetary support of Rs 160 bn for 2 years

Source: Business Standard, Mar 22, 2018

New Delhi: The Cabinet has approved the Ayushman Bharat or National Health Protection Scheme (NHPS, also referred to as ModiCare), with budgetary support of Rs 160 billion for 2018-19 and 2019-20.

Proposed to be portable across India, the scheme is intended to provide health care for at least 40 per cent of the population or 107.4 million households (500 million people). Each family will be entitled to health cover up to Rs 500,000 a year.

 The Cabinet also gave a nod to continuing the National Health Mission (NHM) till 2019-20, for a cost of Rs 852 billion. NHM provides free services to those below the poverty line and will complement the NHPS, said officials.

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Cabinet approves National Health Policy 2017

downloadSource: IBEF.org, Mar 17, 2017

New Delhi: Terming the Cabinet approval of the National Health Policy 2017 as a huge milestone in the history of public health in the country, Union Minister for Health & Family Welfare Shri J P Nadda said that it seeks to reach everyone in a comprehensive integrated way to move towards wellness. Shri Nadda added that NHP 2017, which is patient-centric and quality-driven, provides the much needed policy framework for achieving universal health coverage and delivering quality health care services to all at an affordable cost. The Union Health Minister stated under the guidance of the Hon. Prime Minister Shri Narendra Modiji, the Health Ministry has formulated the National Health Policy 2017, after a gap of 14 years, to address the current and emerging challenges necessitated by the changing socio-economic and epidemiological landscapes since the last National Health Policy was framed in 2002.

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