‘Penetrating rural areas a challenge’ - Hindustan Times
close_game
close_game

‘Penetrating rural areas a challenge’

Hindustan Times | By, Mumbai
Jun 27, 2010 11:47 PM IST

The challenge for the Indian healthcare industry in next few years is to take healthcare services to semi urban and rural areas, according to Malvinder Singh, chairman, Fortis Group and Parkway Holdings, reports HT Correspondent.

The challenge for the Indian healthcare industry in next few years is to take healthcare services to semi urban and rural areas, according to Malvinder Singh, chairman, Fortis Group and Parkway Holdings.

HT Image
HT Image

Speaking at the Pharmaceutical Leadership Summit-2010, Singh said the private sector will have to provide healthcare services to people in Tier-1 and Tier-2 cities at lower prices than Tier-1 cities.

Hindustan Times - your fastest source for breaking news! Read now.

“The healthcare industry needs to create the infrastructure at different price point. It cannot be done at the same price that you have in Tier 1 city. It’s going to be substantially lower in terms of price point.”

According to Singh,this can be done by being innovative and attaining large volumes. “To lower prices, you need very large volume to be able to capitalise on that infrastructure, otherwise the economics will not justify the investments.”

Healthcare delivery should be handed over to the private sector in a phased manner, Singh said. “Going ahead, I would like to see the government as a regulator and as an insurance healthcare provider. Healthcare delivery should be left for the private system.”

Unlock a world of Benefits with HT! From insightful newsletters to real-time news alerts and a personalized news feed – it's all here, just a click away!- Login Now!
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Thursday, March 28, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On