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PwC terms Ayushman Bharat a ‘tectonic shift’

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tectonic shift

Global consultancy firm PwC has said the Modi Government’s Ayushman Bharat programme has the potential to bring a tectonic shift in the healthcare industry.

The flagship programme would encourage efficiency and innovation in the sector, a PwC report on Financing and Funding Indian Healthcare: Navigating the Turbulent Tide said.

Under the National Health Protection Scheme, Rs 5 lakh per family per year will be provided for secondary and tertiary care hospitalization. It will cover over 10 crore poor and vulnerable families.

“One of the tectonic shifts in Indian healthcare has been the launch of ‘Ayushman Bharat’, which addresses both pillars of universal healthcare coverage the role of primary care and financial access,” said the PwC report.

‘The scheme gives a fresh impetus for public and private sectors to work together towards achieving the nations goal of achieving universal healthcare,” it said.

The ‘New Indian Healthcare Eosystem’, it added, will redefine the healthcare delivery and products space with low-cost hospitals, speciality clinics, medical devices — which cost a fraction of imported devices, mobile technologies, which address primary healthcare needs and quality healthcare which is affordable.

The report further noted that a host of factors ranging from price control to regulatory overreach and safety of the caregivers in hospitals have threatened to derail the robust growth of the sector.

The report makes a case for increasing transparency, improving hospital and patient connect, and dispelling the negative perception of the industry.

“With the aim of balancing the need for returns for investors and affordability for patients, there is a need for hospitals to look at their cost structure and work on operational efficiency programmes,” it said.

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