Apollo Hospitals finally comes to Mumbai
Apollo Hospitals Group, in a bid to further expand its healthcare business has firmed up its plans for establishing a presence in Mumbai.
One Equity Partners, the private equity arm of the J P Morgan, will reportedly be the financial partners for Apollo’s foray into the city. One Equity Partners has invested in Apollo Health Street, Apollo’s healthcare and IT BPO.
The Apollo Group plans to build 4-5 medical facilities in the city, which would offer upto 2,000 beds within around two years, and has reportedly acquired land in Navi Mumbai and Thane for its projects.
A new entity, named Western Hospitals Corporation Pvt Ltd, will reportedly look after the Mumbai projects. The group is using the JV route to enter Mumbai, which was the only metro city in which Apollo did not have a presence, since most hospitals in Mumbai are run by Trusts.
21st Century Health gets Narayana Hrudayalaya Project
Narayana Hrudayalaya, Bangalore and Rabindranath Tagore International Institute of Cardiac Sciences, Kolkata, two of the largest cardiac super-speciality hospitals in India have partnered with Mumbai-based 21st Century Health Management Solutions (21st CHMS) to implement state-of-the-art Advanced Imaging System (AIS).
While the conventional PACS system revolves around improving radiological viewing and reporting efficiency, the 21st Century Health’s AIS delivers cath-lab, 2D-echo, radiology images and Electronic Medical Record to a unified interface for the clinicians.
Cardiac consultants, interventional cardiologists and surgeons will get access to images from a wide variety of modalities at various stages during the assessment and treatment of the patient, improving their clinical decisions as well as the speed.
A conventional RIS/CIS/PACS implementation of this scale would have cost at least INR 3-4 cr (approx. USD 1m) at each hospital.
Government promises health insurance for poor workers
The Govt. of India is bringing in a Health Insurance Scheme (HIS) for the unorganized sector workers who constitute 93% of the country’s 400 million workforce; and who, because of low affordability take recourse to inadequate and incompetent medical treatment. The HIS would be implemented in phases. Initially workers living Below the Poverty Line (BPL) are to be covered in next five years.
The centre will allocate over INR 750 crore in 2008-09. Each year 120 districts across the country would be selected by the State Governments.
The beneficiary can avail healthcare facility at any of the notified hospitals without any cash transaction up to INR 30,000 p. a. for a family of 5, on floater basis. This comes at no cost to him as the estimated annual premium of INR 750 to be paid to the health insurance provider would be shared by the Central and State Governments in 75:25 ratio. Beneficiary would be issued a smart card costing INR 60, borne by the Central Govt. The card would be valid even if the worker migrates to another state.
The beneficiary would, have to pay INR 30 p. a. as registration/ renewal fee, in order to demand the service as a matter of right. All pre-existing diseases would be covered.
The NCT of Delhi is the first State to operate the Scheme to be followed by Maharashtra.
India’s left demands separate ministry for pharma sector
Stating that the growth of the estimated 12-billion dollars Indian pharmaceutical industry has been