PICTURE FROM - BUSINESS INSIDER
The crackdown of the health care sector during the second wave of pandemic made us realize the loopholes of this sector and after which there has been a lot of study and research carried out to reinvigorate this sector. The public policy think tank of India, NITI AAYOG has recently released a report regarding the inclusive study on the not-for-profit hospital model to achieve a sustainable and transforming healthcare sector.
Dr.VK. PAUL, a health member of NITI AAYOG said that how healthcare in the public domain is suffering due to low investment and the recent package announced by the finance minister could be a great factor that can likely boost this sector.
"There has been relatively low investment in the expansion of the health sector in the private domain. The stimulus announced yesterday provides us an opportunity to change this situation. The report on the not-for-profit sector is a small step in that direction," said Dr Paul.
According to the reports, this is a vivid study on both the profit and the not-for-profit hospital model. The latter one makes up 1.1% of treating diseases as of 2018. It further illustrates that the number of patients been treated in profit hospitals is 55.3% and not-for-profit is 2.7%. It also released the overall cost of both the hospital and not-for-profit hospital cost is relative,
Less by one-fourth in-patient sector. This also includes the charges of surgeons and doctors which is 36% lower and accommodation charges which are 44% lower than profit hospitals approximately. Even the medicine augmented to the not-for-profit hospital 26% lesser than profit hospitals revealed by the NSS 75 round data.
NITI AAYOG seeks to understand and evaluate the lack of functioning of these hospitals and what sort of quality and quantity measures can foster their growth. It further proposed a short-term and long-term policy intervention like creating a portal of such hospitals and ranking them based on performance index and exempting 100% donation. It also suggested the center for the provision of loans at a low-interest rate, which would start a good cash flow and growth in the time of need. It also added to appoint experts for the management of the human resource in rural areas which are financially constrained.