India's Healthcare Industry Innovation in Delivery, Financing, and Manufacturing

This book analyzes the historical development and current state of India's healthcare industry. It describes three sets of institutions that deliver healthcare services, finance these services, and manufacture products used in these services. These institutions provide healthcare (hospitals, physicians, pharmacies, and diagnostic laboratories), pay for healthcare (individuals who pay out-of-pocket, insurance companies, community insurance schemes, government ministries) and produce the technology used in healthcare delivery (pharmaceuticals, biotechnology, and medical devices). The volume also discusses innovative efforts to raise capital for the development of these sectors. Finally, it includes three interesting case studies of innovative models of healthcare delivery (L. V. Prasad, Aravind, and Vaatsalya), as well as analyses of other innovative organizations like Narayana Hrudaylaya and the hospital chains. The contributors to the volume include Wharton faculty members, graduates of Wharton's healthcare MBA program, and executives and consultants from India.

List of figures; Preface; Acknowledgements; Part I. Introduction: Lenses and Frameworks for Analyzing India's Healthcare System: 1. India's healthcare industry: a system perspective Lawton R. Burns; 2. Innovative responses to the healthcare challenges confronting India Stephen M. Sammut; 3. India's healthcare industry: an overview of the value chain Lawton R. Burns; Part II. Providers: Delivery of Healthcare Services: 4. The medical profession in India Ajay Bakshi and Lawton R. Burns; 5. India's hospital sector: the journey from public to private healthcare delivery Lawton R. Burns, Bhuvan Srinivasan and Mandar Vaidya; 6. Medical tourism: opportunities and challenges Lawton R. Burns, Prashanth Jayaram and Richa Bansal; 7. The Aravind eye care system James Calderwood, Carter Clement, Arunavo Roy, Ravi Shah and Lawton R. Burns; 8. Excellence and equity in healthcare: the real deal at L. V. Prasad Eye Institute Sashi Mohan Athota, Matthew Abel, Nessa Feller, Prasad Kilaru, Raghu Kodige, Vikram Lai, Meghna Shyam Varma, Richa Wilson and Rob Zwolinski; 9. Vaatsalya Healthcare: promoting access to healthcare in rural and semi-urban India Colleen Murphey; Part III. Payers: Financing of Healthcare Services: 10. The health insurance sector in India: history and opportunities Aditi Sen, Jessica Pickett and Lawton R. Burns; 11. Providing care to the bottom of the pyramid Neil Parikh and Vimala Raghavendran; 12. Opportunities in healthcare private equity in India Aman Kumar; Part IV. Producers: Manufacturers of Healthcare Technology: 13. The Indian pharmaceutical sector: the journey from process innovation to product innovation Vishwas Seshadri; 14. India's biotechnology sector Sarah Frew; 15. The medical device sector in India Lawton R. Burns, Tanmay Mishra, Kalyan Pamarthy and Arunavo Roy; 16. Balancing access and innovation in developing countries Ashoke Bhattacharjya and Brian Corvino; List of contributors; Index.

Lawton Robert Burns is James Joo-Jin Kim Professor and Chair of the Health Care Management Department at the Wharton School, University of Pennsylvania. He teaches courses on healthcare strategy, strategic implementation and the US healthcare system. Dr Burns taught previously in the business schools at the University of Chicago and the University of Arizona. He is Programme Leader for Health Care Management at the Indian School of Business' new campus in Mohali where he oversees the entire healthcare curriculum.