Medical Tourism Indian Healthcare Industry

A Boom to Indian Healthcare Industry

The Indian healthcare industry is estimated to be more than USD 35 billion, presently. According to the analysts, the market is expected to double by 2012 and reach USD 280 billion by 2020. The sector has registered a growth of 9.3 per cent between 2000-2009, comparable to the sartorial growth rate of other emerging economies such as China, Brazil and Mexico.

Key Growth Drivers

The primary growth drivers include the growing population, increasing at an annual rate of 2%, which is expected to surpass China and reach 1.6 billion by 2050. In addition, the prosperity in the income levels has elevated the standards of living and has increased the affordability towards better medical care and treatment. While per capita income was USD 620 in 2005, over 150 million Indians have annual incomes of more than USD 1,000, and many who work in the business services sector earn as much as USD 20,000 a year. While thesis a fraction of the income that their US peers earn, it is the equivalent of more than USD 100,000 per year when adjusted for purchasing power parity.

Another driving factor of the Indian Healthcare Industry has been the rise in diseases, increasing awareness and better diagnosis techniques. While ailments such as poliomyelitis, leprosy, and neonatal tetanus will soon be eliminated, some communicable diseases once thought to be under control, such as dengue fever, viral hepatitis, tuberculosis, malaria, and pneumonia have returned in force or have developed a stubborn resistance to drugs. India is grappling with the emergence of diseases such as AIDS as well as food- and water-borne illnesses.

And as Indians live more affluent lives and adopt unhealthy western diets that are high in fat and sugar, the country is experiencing arise in lifestyle diseases such as hypertension, cancer, and diabetes, which is reaching epidemic proportions. According to the industry experts, at present there are around 41 million Indians are suffering from diabetes alone. This incidence is expected to reach 74 million in next 15 years, which would require an estimated cost of USD 30 billion for treatment and management of this disease.

Current Scenario of Medical Tourism

Given the current state of India’s healthcare system, its challenges and its growth prospects, there are a number of market opportunities for foreign companies who can establish themselves in this high-growth market. For instance, Medical tourism is one of the major external drivers of growth of the Indian healthcare sector. India’s medical tourism sector is expected to experience an annual growth rate of 30%, making it a USD 2 billion industry by 2012. Also, due to the increasing investments in the hospital sector, India is gradually becoming a hub for medical tourists.

Currently, the global medical tourism market is estimated to be around USD 80-90 billion and is expected to grow in double digits for the next five years. More than 5 million US patients travel to foreign destinations for various medical procedures, every year. The number is expected to become 6 million by 2010 and 15 million by 2015. Around 35 countries have enhanced their medical infrastructure to support the increasing amount of patients travelling abroad for medical care. According to analysts, the medical tourism market is expected to become 7% of total healthcare spend by 2015.

Foreign Investment

As per data released by the Department of Industrial Policy and Promotion (DIPP), the drugs and pharmaceuticals sector has attracted FDI worth US$ 1.66 billion between April 2000 and January 2010, while hospitals and diagnostic centres have received FDI worth US$ 761.18 million in the same period. Moreover, in March 2010, Fortis Healthcare announced the largest overseas acquisition by an Indian company in the healthcare space. It bought the entire 23.9 per cent stake held by TPG Capital in Singapore's Parkway Holding Ltd for US$ 686 million.

Asia's leading hospital chain, Columbia Asia Group, which already has six hospitals in the country, plans to ramp-up its operations in India by opening eight more multi-specialty community hospitals with a total capacity of 800 beds by mid-2012. The group has earmarked a total investment of US$ 177.1 million for the 14 hospitals.

Key Healthcare Providers

Some of the best-in-class medical care facilities include Medanta Mendacity, Max Healthcare, Apollo Hospitals, Fortis Healthcare, Sir Ganga Ram Hospital to name a few. All such health providers are well equipped to provide best-in-class medical care facilities across various medical conditions, including cardiac, neuro, orthopedics, eye care, dental, cosmetic and all forms of surgery.

In addition to the primary healthcare providers, India is witnessing the establishment of medical tourism facilitators, who are meant to provide all the value added services to patients who travel to India to avail medical treatment. Some of the key HCFs include Medico Global, I&D Hospital Solution Pvt Ltd. 

Government Initiatives

To capitalize on medical tourism and build a sustained public-private partnership in the hospital industry, the government is providing variety of incentives, including lower import duties and higher depreciation rates on medical equipment, as well as expedited visas for overseas patients seeking medical care in India. Also it is supporting public-private partnerships, e.g., Rajiv Gandhi Super Specialty Hospital that can provide the best-in-class medical care facilities that can match the ones available in the developed nations.

Conclusion

The Indian healthcare sector can be viewed as a glass half empty or galas half full. The challenges the sector faces are substantial, from then need to improve physical infrastructure to the necessity of providing health insurance and ensuring the availability of trained medical personnel. But the opportunities are equally compelling, from developing new infrastructure and providing medical equipment to delivering telemedicine solutions and conducting cost-effective clinical trials. For companies that view the Indian healthcare sector as a glass half full, the potential is enormous.

About I&D HOSPITAL SOLUTION PVT LTD

I&D Best Medical Tourism Hospital in India has all necessary arrangements for UAE/GCC/Middle East North Africa patients to receive world-class medical procedures in India. I&D Medical Tourism also arranges for initial consultations between patients and Indian doctors, schedule procedures and make all travel arrangements. For the procedure itself, the client will be contracting directly with the medical provider. Financial arrangements, including necessary deposits, will be finalized before travel itineraries are booked and before the client is admitted to the medical facility.

The Medical Tourism Company's services include the following:

·         Help with procuring a medical visa

·         Booking travel to the country where the services will be provided;

·         Airport pick up and drop off

·         Consultation with appropriate specialists

·         Pre-operation accommodation

·         On call nurses & doctor visit at hotel

·         Booking into the hospital for the operation

·         Accommodation for post-operative recuperation

·         Arrangements for post-operative care in the foreign country

·         Book travel home from the country where services have been provided

·         Arranging Travel insurance

·         Air Ambulance, In case of emergencies

·         Leisure Tours and local food during the entire stay

·         Translators for ease in communication with locals

With 10 years of experience in management Mr. Ikshit Kumar is providing overall leadership of the enterprise. He acts as the Chief Executive Officer (CEO) of the company and work closely with Business Development Officer. The Board of Directors ensures that the Company maintains the highest standards of medical ethics and maintains relationships with only the most professional medical professionals abroad.

HEALTHCARE HOSPITAL MANAGEMENT SYSTEM

BEST HEALTHCARE HOSPITAL MANAGEMENT SYSTEM 

We provide a secure and robust cloud based Hospital Management System to deliver best solution to streamline all hospital functions/operations to information sharing as well as data distribution across multiple hospital branches. The comprehensive system offers interactive applications to enable the entire hospital staff to monitor, manage, analyse the information, maintain patient's records accessible over web over secure connections. 
Some of the salient features of the solution are:
a. Online Hospital Information System 
b. Online EMR Management 
c. Online Drug Inventory and dispensing by Pharmacy 
d. Online Lab Information System 
e. Online Physician Practice Management 
f. Hospital Inventory and Warehouse management 

TOP MEDICAL HOSPITALS INDIA

TOP MEDICAL HOSPITALS INDIA 

Medical tourism involves travelling abroad to receive world-class medical treatment at a very affordable rates as compared to countries like U.S, UK and Australia. Medical Tourism, is also known as Medical Travel, Surgical Tourism, Health Tourism, Health Travel, Healthcare Abroad, Medical Overseas, Overseas Surgery, Medical Outsourcing and Offshore Medical Tourism. It is one of the fastest-growing businesses on earth. With the rising price of treatment in the UK and long waiting lists, there’s never been a better time to combine a trip abroad with a treatment.

NEED FOR BEST MEDICAL TOURISM INDIA?

There are a myriad of medical/surgical options for medical tourists. Primarily, medical tourists get elective procedures such as cosmetic surgery, hip and knee replacements, dental procedures, infertility treatments; any procedure that is usually not covered by insurance or has a long waiting time in their home country.

Also, high cost of treatment in their home countries, lack of treatment options or facilities in the home country, lack of insurance coverage would be some of the factors for need for a medical travel.

Perks of Medical Tourism:

·         Best medical facilities in accredited hospitals with latest cutting-edge technologies.

·         Low cost of treatment as compared to economically rich countries like U.S., UK and Australia.

·         Get an opportunity to travel abroad and combine your medical treatment abroad with enjoying your vacations.

·         Very less waiting time and quick response time.

·         Patient Safety and Satisfaction.

A medical tourism provider may be an organisation or a company specialized in certain areas of healthcare. They pursue to bring together a prospective patient with a service provider, usually a hospital or a clinic.

WHY CHOOSE INDIA FOR MEDICAL TOURISM OVER OTHER DESTINATIONS?

India has been one of the leading destinations for medical travel. The potential cost savings for medical tourists are huge and as a result are one of the more important factors in seeking treatment in India. It is important to note that the cost for each individual will vary depending on their need and requirements.

India has several private hospitals that are designed to provide world-class medical care in India. These hospitals utilize some of the best medical equipment that is available world-wide. Western patients are increasingly travelling to developing countries like India for health care and it is increasingly offering its skills and facilities to paying foreign customers. This international trade in medical services has huge economic potential for India and serious implications for health care across the globe.

India has some of the most highly qualified and experienced physicians in the world. With a cultural emphasis on education, most of these physicians have gone on to super-specialize in their field, enabling them to become experts in their respective medical specialties. In addition to traditional medicine, India offers many more relaxing and rejuvenating treatment options from Yoga, Ayurveda, and Meditation to Allopathic and Naturopathic medicine.

SCOPE/COURSES IN MEDICAL TOURISM

Medical Tourism Training creates and shares solutions to help service providers including facilitators and governments deliver the greatest access possible to the most people possible. Healthcare professionals believe India’s medical tourism market is growing by 25-30 percent per annum and is set to generate 40 million new jobs in the next few years. Therefore, exciting career opportunities in medical marketing services, public relations, international insurance, travel and tourism, logistics management and hospital administration have become available to youth interested in this non-traditional career. Certain Institutes in India offer Certificate, Diploma, Post Graduate Diploma and MBA courses in Medical Tourism. These courses are intended to train a candidate in the medical tourism field, provide sufficient knowledge about the travel and tourism industry, logistics and hospitality industry, legal/ ethical issue, medical facilities and conditions etc.

Professional Diploma in Medical Tourism &Healthcare Marketing is an online program for a minimum of fifteen hours per week conducted here. It is self-paced 4 to 6 months (Maximum duration 18 months). Course assessment involves online multiple-choice questions for each lecture, followed by assignments for each study module.

Most Important Ideas on Claim Settlement in Healthcare Insurance

Most Important Ideas on Claim Settlement in Healthcare Insurance

Every financially-prudent individual understands the needs of investing in a healthcare insurance policy for securing their own future and that of their loved ones. After everyone can be as cautious and careful about one’s well-being, yet health problems can come knocking regardless of the number of hours spent working out or eating nutritious foods.

still, just buying an insurance policy isn’t enough anymore and securing your financial future against medical bills goes beyond that. You also requirement to understand how the insurance claims process works so that when you actually do need to fall back on the policy, you don’t have to run from support to post to make sure that the insurer bears the cost of hospitalization and other expenses.

So here’s lowdown on the critical aspects of health insurance claims that every smart policy buyer should know about, for added peace of mind:

1. Understand what policy covers: The first and foremost aspect of your health insurance plan that you need to be aware of what all your policy covers and what is it that you can actually claim. Be familiar with hospitals within the network of your insurer as you can enjoy cashless facilities only at these hospitals. You need also be aware of the treatments that are covered by your health insurance and not work under assumptions. Further, you must have clear view of your health insurance sum insured and if doctor gives you an inclination that your treatment costs will be above that, then you need to go other financial sources to meet your medical expenses at the earliest.

2. Proper documentation: While cashless facility means that the insurer pays the hospital directly on your behalf, in case you need to claim reimbursement, things start to getting tricky. The primary fact that you need to get in order is all the documentation related to your medical costs and procedures. Insurers often reject claims because patients and their families are unable to get furnish the right legal and expense related documents pertaining to the treatment. As when the medical process begins, make one consolidated file of all your papers that you can present to insurer so that there is no scope for claims rejection.

Some of common documents that you need to have in place include the claim form duly filled, discharge summary, doctor prescription with complete medical history, all the bills, all original receipts, investigation documents and FIR in case the hospitalization due to an accident. In case for hospital where you had to be admitted in an emergency, doesn’t fall in the network of the insurer, you may also have to get hospital and doctor’s registration number written signed and stamped for  the hospital’s letterhead.

3. Timeliness: In the case of a medical emergency, informing your insurer may be last thing on your mind, but it is imperative. It is necessary that you have an open discussion with your family members about same and keep them informed about who your insurer is and how one can inform the company in case of unplanned hospitalization. If there is a delay of more than 30 days from the day of being discharged, for informing the insurer, it can lead to a financial tussle for your family. In case of planned hospitalization and to avail the cashless for facility, fill up all necessary forms at a preferred network hospital at least seven days in advance to have a smooth experience.

4. Timelines: Another important point is that as per the Insurance Regulatory and Development Authority of India (IRDAI), the insurer must settle reimbursement claims within 30 days from the day that you submit all necessary document. As a responsible and intelligent consumer, you must know that the insurance company is liable to pay you interest of 2% above bank rate in for every successive day after submission of all documents till you receive the reimbursement. The insurer also look at an investigation before settling all claims. This investigation has to be initiated within 30 days from date of document submission and should be wound up within 45 days.

Today, the insurance industry is highly consumer-driven in this realm are well-aware that customers opt for a plan not on the basis of the most affordable premium, but on basis of best experience offered and the track record of an insurer in settling claims. Every company, therefore, is pulling out all the stops to make the claim settlement process seamless as possible. However, as a customer, one must ensure that one should be familiar and aware of all the fine print in one’s policy and is completely diligent in paperwork so that there is no scope for any discrepancy or stress at a stage when focus should just be the well-being and recuperation of the patient.

Top Healthcare Hospital Management System India

BENEFITS OF HAVING AN EFFICIENT HOSPITAL MANAGEMENT SYSTEM

 These days, in this most competitive world, it has become very necessary to make important changes on how a hospital manages its resources. Especially, doctors at the hospitals are in a requirement of effective hospital management system to fulfill their requirements. It allows all the hospital employees to handle their day-to-day schedule task very effectively and in a more synchronized way. It can be developed either for single user or for several users in a shared network atmosphere, and usually comes up with useful resources to offer a complete healthcare solution.

One of the advantages of this application is that it provides an appropriate, timely and effective care for the patients since the workflow is structured and simple. The hospital software is suitable for all the specialized, multi-specialty hospitals, nursing home and other medical centers to set up the software for their needs. A better hospital management is accomplished ultimately, where all the functions are performed efficiently and easily without any trouble.

The daily tasks such as storing and accessing data, appointments, queue management, maintaining patient records, pharmacy up-to-date and so on could be monitored and managed very effectively. The everyday transactions are handled efficiently by assisting the consideration receivable operates such that all billings can be made more quickly. It also allows you to handle employee payroll which could save your time and lot of energy.

The management system is very simple to use, and comprised of laboratory, pharmacy, EMR, OPD, billing, In-patient, Out-patient, inventory, and other modules so that it is simpler to access any information and without spending of more time. Using this application will allow the doctors to do their everyday practices in a more upgraded way and make it into mess free, paperless and timely.

The uses and importance of this system are increasing extremely as the patients are getting more proper care when the physicians use this type of hospital management & information system. Since, it enables the physicians to complete the tasks in shorter a period so that they could see the patients and can get more times to complete other important tasks of a hospital. To determine, if you use the right system that your hospital may run efficiently.

The system quickly access to information with enhanced quality of documentation, it also offers improved interaction, reduced errors, inexpensive, capability to track the patient records, capability to hire and schedule employees, etc. This thereby simply leaves the hospital management much time in hand to personally deal with other crucial issues of the hospital like dealing with each patient and thereby improving the high quality of patient care. 

Best Healthcare Software Management System

Healthcare Software Management System

Being a leading provider of healthcare software solutions, I&D Hospitals Solution Pvt Ltd offers a web based customized Hospital Management System software with several advanced modules. It is complete end-to-end patient centric comprehensive software that will take care of all services offered by a hospital effectively. The system is suitable for small, medium to large-sized hospitals and covers huge range of hospital management and administration processes. Hospital Management System provided by I&D, offers the consolidated patient information and related data across the hospital to help the effective decision making.

Pharmacy Management - Pharmacy module deals with the automated of general workflow and the management control process of pharmacy to improve accuracy, improve safety and performance. The pharmacy component is prepared by bar-coding service, which makes the distribution of medicines to the patient more effectively. The module is able to handle the dispensing of prescribed, managing the data related to the patient treatment, inventory, billing of claims etc.

Billing System - Patient billing module manages all kinds of billing of transactions in a hospital. It helps cashier and billing functions for different groups of patients like Inpatient, out-patient, and Referrals. It offers automated posting of expenses related to bed charges, lab assessments performed, medications issued, Doctor's fee, phone expenses, food and beverages, etc. The module deals with Journal Voucher, General Ledger, Receipt/Payments, and Cash/Bank etc. Bankbook, Cashbook and Ledger can be generated by this billing module system. 

Electronic Medical Records (EMR) - The Electronic Medical Record module helps hospitals and practices eliminate paper, improve clinical productivity and improve care. The EMR module gives exceptional flexibility, integrated with your system and improves accuracy of the entire system. It is a customized module with various features that can be configured as per the provisioning basis. 

There are several other modules are available with Hospital Management System provided by I&D Solution Pvt Ltd. To get complete details of all the modules,

Introduction to healthcare management system

importance of health information management in healthcare system

There are many tasks that a healthcare management software system can do much faster than a human being. The system can take over all the workload healthcare staffs have to face every day to manage the processes. It can automate tasks and processes which will speed up the functions smoothly. Successful implementation of a healthcare management system can reduce the time-consuming in long queues for each service, checking patient history, searching for patient data and information etc. It is an extremely powerful system as well as user-friendly and can be customize according to the client's needs.

Healthcare industry is adopting IT solutions enabling them to manage their resources in a better way and optimize their entire functionalities efficiently. Management software solution is especially necessary in healthcare industry such as hospitals, clinics, nursing home etc., as they require highly flexible, robust, scalable and accurate solution and cannot do more with paper-based system. Hospitals need to take latest and advanced information technology so that they can have things / information at fingertips and offer high quality services to their patients.

One of the modern, flexible and user-friendly healthcare management software solutions is HospitalManagement Information System. The system is able to help hospitals, clinics, nursing home and other medical institutions to automate their complete day-to-day processes. It will help hospitals get the job done faster and easier. The system can do bulk of the manual activities, which can be done by many employees, so there is no need to hire more hospital staff.