NEW DELHI, INDIA, March 29 – 30, 2012 The Indian healthcare sector is expected to reach US$280 billion by 2020. Healthcare has emerged as one of the most progressive and largest service sectors in India with an expected GDP spend of 8% by 2012 from 5.5% in 2009.
Leaders from the healthcare industry met on March 29-30, 2012 in Delhi for the India Hospital Expansion Summit (IHES) 2012. This was the first of its kind conference which brought together over 150 key decision makers of hospitals across India. The delegates included hospital owners; CEOs, COOs and Managing Directors of hospitals; representatives from government bodies and industry executives. This summit proved to be a great opportunity for industry partners to showcase their offerings and interact with delegates and speakers.The purpose of the conference was to discuss the future outlook of the healthcare sector, upcoming opportunities in the healthcare Industry and ways to maximize the same, and challenges associated with hospital expansion and ways to overcome the same. Mr Vineet Kapoor, Managing Director – Welue Health Alliance was the Chairman of this two day conference.
Day one of the conference focussed on the Healthcare Industry Outlook, Infrastructure and Design of Hospitals and the need for a seamless healthcare ecosystem. The day began with Mr Kapoor welcoming the delegates for the first India Hospital Expansion Summit. Following the welcome address, Dr Praneet Kumar, CEO – Radiant Life Care Pvt Ltd, gave his key note address on the future roadmap of the Indian Healthcare Industry. His presentation covered the keydrivers for the tremendous growth opportunity that the healthcare industry presents even though the high costof land and building for setting up Greenfield hospitals acts as a deterrent for hospital expansion. The address also dwelled on the benefits ofusing an ‘Opco-Propco’ Model.
In the afternoon session, Mr PrabhjitSingh Didyala, Head (Strategy) – Fortis Healthcare gave an insight on using technology as a stepping stone for creating a seamless Healthcare ecosystem that will attract more patients to avail healthcare services. In the next session, Mr Vineet Kapoor made a thought provoking presentationon the role of collective buying power in redefining the future of healthcare industry. His keynote address highlighted the challenges faced by the Indian Healthcare sector, and dwelled on collaboration and collective buying power as a viable solution to control rising provider costs and speed up modernization. He gave definitive insights on ways to leverage proven results of US Healthcare and tailor solutions for the Indian context, emphasizing the need to take competitor collaboration beyond knowledge sharing. Other notable speakers on day one included Dr Zameer Pasha, Chairman –Hospital Board of India who enlightened the delegates about the vision and mission of HospitalBoard of India; and Dr R. Chandrashekhar, Chief Architect – Ministry of Health& FW, Govt. of India who highlighted the modern trends in planning and designingHospitals. Both sessions were highly informative for the delegates.
Day two of the conference focussed on the role of technology for efficiency and leadership and governance in healthcare. The day began with Dr. NeenaPahuja, CIO – Max HealthcareInstitute Ltd shedding light on technology being a critical factor inempowering patients to undertake preventive care and reduce the burden on providers. In the next session, Mr Vineet Kapoor gave an insight on the need for creating a synergized networked ecosystem that connects providers, suppliers, patients and payers on one platform to build large scale industry-wide efficiencies. He elaborated on the benefits of such an industry-wide platform built through anationwide collaboration of industry partners and healthcare providers. Delegates found this session to be extremely enlightening as they realized that such a system can be built at a fraction of the cost by pooling investments instead of creating their own IT infrastructure.
In the afternoon session, Dr Uma Nambiar, CEO – Global Hospitals India madean insightful presentation on the challenges faced by providers in maintainingand sustaining quality healthcare in the face of expansion. Other notable speakers on day two included Mr Stephen Victor, Secretary – Christian Medical Association, who focussed on the contribution of technology in upcoming hospitals; Dr. Sanjiv Malik, Chairman – Spero Group of Hospitals, who shared his vision of providing affordable, quality and timely healthcare to the bottom of the pyramid market through the ‘hub and spoke model’; Mr ManickRajendran, Group CEO –LifeLine Group of Hospitals who discussed the importance of strategic leadership in Healthcare; and Dr D.R. Rai, Hon. Secretary – Indian Medical Association who discussed the ways to improve hospital image and public relation.
The panel discussions on SustainableModels for making Indian Healthcare AAA+ (Adequate, Accessible, and Affordable)and Opportunities & Challenges inOperational Collaboration were highly interactive. It gave delegates and panellists an opportunity to share their thoughts in an open forum – not only discussingthe challenges faced by the healthcare industry but also brought about viable solutions that can assist in making Indian Healthcare AAA+.
The summit was very well received by delegates, speakers and industry partners. Many suggested that more such events must be organized in the near future on a more regular basis.