India is struggling to provide adequate healthcare to its rural citizens. However, necessity spawns innovation. Several Indian hospitals have taken the initiative to work with globally trained specialists to reform existing healthcare approaches.
Some Indian hospitals have devised a business model which will enable them to provide world class facilities at affordable rates. The model will enhance revenue generation and hence sustainability in rural hospitals through funds raised from wealthy patients – reducing the burden on the government. According to the Economics of National Security Bureau, the Indian government spends only USD43 on healthcare per person while 70% of healthcare expenses are usually borne by individuals and families.
Is India’s Robin Hood healthcare business model set to revolutionize rural healthcare?
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