People want proven quality treatment. (file photo)
In India, people are not lagging behind in spending more money for better treatment. This has been revealed in a recently published report by FICCI and EY-Parthenon. According to the report, about 83% of patients in India want accurate and easily available information related to treatment so that they can make better health decisions. At the same time, about 90% of the patients are those who are willing to pay a little more for certified quality treatment.
In this report, a practical roadmap for India has been given, through which health services can be made both better and cheaper. According to the report, India’s healthcare system is more efficient than many countries, but it still faces structural and economic challenges. For this reason, there is a need to create a framework at the national level, in which minimum quality standards are set, so that patients can choose the right and safe medical option.
Data included in the report
This study was conducted in 250 hospitals in 40 cities of the country, which included about 75,000 beds. Additionally, it also included surveys of over 1,000 patients, discussions with over 100 doctors, CXOs and investors. According to the report, the per capita hospital bed capacity in India has doubled since 2000. Yet the number of hospital beds in India is the lowest in the world. On an average, every hospital in India has only 2530 beds, whereas at the international level this number is more than 100.
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Insurance companies behind in making payments
The survey revealed that 83% of patients want to get reliable information related to hospitals and doctors, such as hospital ratings, treatment outcomes, etc. They want reliable treatment that can help them choose the right hospital. Nearly 90% of these patients say they are willing to pay more for certified quality. The report also said that the top 5 payers (insurance companies or paying institutions) in India pay only 40% of the total health payments, whereas in developed countries this share is up to 80%.