

Director & CEO, American Megatrends India
Sridharan Mani, Director & CEO, American Megatrends India deliberates over the entire healthcare system that has steadily transformed into a sick care business despite increase in life expectancy & power of spending. In this extremely focused article, he highlights the fundamental flaws in the healthcare structure & how due to lack of preventive cure people are losing productive years, which is in turn impacting the entire well-being of the individual and economy of the country

Todays healthcare system is indirectly promoting people to be sick than be healthy. Though Care is now much fashionably used among the healthcare stakeholders, Cure continues to be underlying aspect of the system. Therefore, there is a need to reflect upon the reasons behind the entire much debated and controversial Sick Care Business to empower patients to become the real decision-makers in the entire process.
In order to enhance the common understanding on the differences between Care and Cure, we need to know the difference between the two concepts. On the one hand, cure is always an aftermath attempt to recover to the normal state after an event caused by ignorance and carelessness. On the other hand, Care is all about undertaking adequate steps to prevent the occurrence of diseases by being cautious and aware.
A critical comparison of disabilityadjusted life year (DALY), which measures the overall disease burden and productive years of life lost due to the diseases burden, data of 2000 and 2012 highlights some of the eyeopening facts.
World population has increased by 16.4%
Health spending has increased by 145%
Life expectancy has gone up by 6.17%
Years of precious life lost due to disability have also doubled 107%
Productivity/income loss due to disability is significant and estimated to be 43.4 trillion by 2030.
Year | Population (In Billion) |
Life Expectancy at Birth (In Years) |
Total Global Expenditure for Health (In Trillion USD) |
Years of Life Lost due to Disability (DALYs) (In Million) |
GDP Per Capita (in USD) |
Estimated Loss due to DALYs based on Value of Statistical Life (Study by Harvard) |
2000 | 6.08 | 66.4 | 2.96 | 1,382.80 | $5,448.7 | |
2012 | 7.08 (16.4% #) |
70.5 (6.17% #) |
7.25 (145% #) |
2,747.92 (106.8% #) |
$10,498.50 | USD 22.8 trillion in 2010 USD 43.4 trillion by 2030 |
Comparison of DALY data of 2000 and 2012 reveal eye-opening facts

Team Danvantri from Amrican Megatrends India is the only company from India to reach the top five finalists in the $10 million Global Competition Qualcomm Tricorder Xprize for developing pocket-friendly patient monitoring device called AMI VitalsFitâ¢
Shall we conclude the following based on the above facts?
Quality of life is suffering: Lifeexpectancy has gone up by 4.1 years but years lost in disability have doubled.
If the spending has increased by 145%, why DALYs is not coming down and life expectancy has meagerly improved by 6.17%?
Where the spending is happening and why it is not effective in reducing DALYs?
Is todays healthcare system fundamentally flawed?

Understanding the concept of DALY
Yes, todays healthcare system is fundamentally flawed. Here are the reasons:
Primary focus is on Cure. Get Sick to get attention else you are your own to stay healthy.
It is no longer about Care. Encourages getting sick to get cured.
Healthcare revenue model is based on the level of sickness, i.e. higher the sickness, higher the revenue potential. Treatment is based on affordability.
Level of sickness is due to leading an unhealthy lifestyle.
Importantly, unhealthy life puts additional burden on dependents life.
Biomedical waste, toxins and plastic dumping is an ongoing challenge and it does affect our environment.
Doctors, hospitals, clinics and specialists are blamed or sued when misdiagnosis happens, asthey have to deal with life and death situation every moment thus increasing the liability of care.
In 2012, 93% of healthcare spending happened for Cure as per Frost & Sullivan Report. Very little emphasis is on Prevention and left to individuals to take care.
American Megatrends India Strengthening Preventive Care than Sick Care Business |
Offering products to increase preventive care Has designed affordable & portable lifestyle products, such as AMI VitalsFit⢠& AMI B.O.L.Tâ¢, to empower patients Enabled with technology to share health records instantaneously with quality healthcare providers Upscaling the products through stringent research and development (R&D) The ONLY Indian company to be win the milestone achievement award along with four others at Qualcomm Tricorder XPRIZE |

AMI VitalsFit⢠diagnose a set of 15 diseases & is portable
Transform from Health Cure to Healthcare
Kindly remember, Care is about prevention and promoting well-being. Prevention is always better than Cure, and it is inexpensive.
The transformation needed to take us back from Cure to Care is simple.
IF YOU CAN PREVENT, WHY GO FOR CURE!!!
Promote wellness, promote good health
Encourage leading life without diseases
Spend on activities, good food, products and solutions that help you to keep healthy and facilitate to keep a tab on your health AMI VitalsFit⢠diagnose a set of 15 diseases & is portable
Regularly monitorvitals to keep a tab on your health. It helps you to:
>> Identify the indications of silent killers like hypertension, diabetes, etc., well before time
>> Keep your chronic conditions in check.
>> Identify the right diet and lifestyle based on your health conditions
>> Lead a healthy and happy life.
By transforming from Cure to Care and by regularly monitoring health to ensure all health parameters in range, we can stay fit and reduce global disease.
As Peter Drucker said, If you cant measure it, you cant improve it.
Be a part of Elets Collaborative Initiatives. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook , connect with us on LinkedIn and follow us on Twitter , Instagram.
"Exciting news! Elets technomedia is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!