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Mon Jan 15 2024
Honest Opinion on Generic Medicines in India
The article explores the nuanced landscape of generic medicines in India, shedding light on the misconception surrounding the term. It emphasizes the stark difference between Indian and global definitions, framing the debate as branded versus non-branded drugs rather than generic versus research drugs. The discourse delves into the dilemma faced by doctors, the impact of government initiatives like Pradhan Mantri Jan Aushadhi Kendra, and the perpetual balancing act between quality, affordability, and patient choice. The conclusion underscores the need for a comprehensive approach, steering away from divisive debates and focusing on public education for a balanced and accessible healthcare system.Fri Jan 12 2024
Out-Of-Pocket Expenditure and Healthcare Revenue
This blog post explores the challenges and dynamics of out-of-pocket expenditure in Indian healthcare, where 61.2% of expenses are borne directly by individuals. The government's vision for Universal Health Coverage, replacing the previous "Health for All" goal, emphasizes financial protection alongside accessibility. Contrary to media projections, the private healthcare sector is not solely responsible for high expenditure; government efforts and increasing health expenditure have shown a decreasing trend. The PM-Jay scheme, while beneficial, faces challenges in implementation, necessitating scientific payment methodologies. Regulatory challenges in the private insurance sector and the importance of focusing on outpatient care expenses underscore the need for a balanced approach to reduce financial burdens and achieve sustainable healthcare financing.Wed Jan 10 2024
Navigating Healthcare Choices: Dispensary vs. Pharmacy for Small Practices
This blog explores the nuanced decision-making process for small healthcare practices in India when choosing between a dispensary and a pharmacy. Covering legal, financial, and strategic considerations, it highlights the evolving nature of medical practices and the impact of government initiatives on out-of-pocket expenditures. The blog emphasizes the need for practitioners to adapt to increasing insurance trends, navigate the challenges of running a pharmacy, and consider outsourcing options for financial sustainability. It also delves into the influence of Jan Aushadhi and chain pharmacies on small practices, urging careful inventory management to mitigate fraud and ensure efficient dispensary operations.Mon Jan 08 2024
Mergers and Acquisitions in Indian Healthcare: Navigating Collaborative Paradigms
This exploration delves into the surge of mergers and acquisitions in Indian healthcare, especially post-COVID, as collaborative alliances become imperative for sustaining evolving medical practices. Radiology serves as a precedent for successful collaboration. The nuanced nature of these transactions involves tiered strategies by corporate entities and a multifaceted evaluation from the perspective of target entities, often comprising doctors with diverse backgrounds. The success of mergers and acquisitions hinges on aligning with directors' goals, values, and plans, demanding clear communication and well-structured agreements. A harmonious transition necessitates respecting the autonomy, aspirations, and expertise of the target entity's leadership.Fri Jan 05 2024
