Indian Healthcare Delivery Can Set Examples For Developed Economy
Ravi Ramamurti, D’Amore-McKim School of Business, Northeastern University, Boston talks about his research on Indian Healthcare, innovations in healthcare delivery that can help US health care to achieve a 50% cost reduction
What was your research project about?
We ( Vijay Govindarajan and Ravi Ramamurti) wanted to understand how some private Indian hospitals were able to provide high quality medical care (comparable to Western standards) at very low prices (compared to Western costs) using scalable models to serve both rich and poor patients. We were aware that on average the conditions of healthcare in India leave a lot to be desired, especially for the poor. Our study focused on innovators whose models might be replicated by other hospitals.
What was the aim of the study?
The study’s aim was to extract lessons for other hospitals in India, as well as in other developing countries, and even for hospitals in the West.
Which hospitals participated in the study?
The article is based on nine hospitals that we studied: Aravind Eye Care System, LV Prasad Eye …