To analyse the emerging business models and identify best practices which are contributing to sustainable development of healthcare. Literature review from published articles has been done to study various models and presented through this paper. The healthcare sector in India is undergoing a phase of reform propelled by rapid economic growth. There has been a significant growth in the healthcare sector over the past few years and is expected to reach USD 280 billion by 2020.
The main growth is seen in low costs hospitals in Tier II, Tier III cities and rural India. Innovations that build on technology, ICT as well as private-public partnerships (PPP) are relatively more successful and a number of good examples can be found on the ground.
These along with specialized care hospitals represent the next generation of low cost rural healthcare and are developing quite rapidly.
The focus has now also come on process optimization, standardization and inclusive models to ensure long term sustainability and cost effectiveness.
The paper attempts to identify some of the best practices adopted by the emerging business models in healthcare which are contributing to improved health outcomes with low cost and at the same time, remaining sustainable.
Key words —Sustainable Development, Emerging Business models, Value in healthcare etc.
Thursday, May 11, 2017