The industry leaders continued to discuss and deliberate on pressing issues like fund raising and balancing profitability with responsibility
The third day at Healthcare Senate 2016, being held at HICC, Hyderabad began with an impromptu yoga session which saw active participation from the esteemed speakers and delegates. After this invigorating start to the last day of the inaugural edition of Healthcare Senate, organised by Express Healthcare, the industry leaders continued to discuss and deliberate on the most pressing issues in India’s private healthcare scenario in the country.
Dr KK Kalra, CEO, NABH, keynote speaker for the day, reiterated how imperative it is to invest in quality and elaborated how accreditation helps to sustain quality standards. Healthcare is India needs a transformation, said Dr Kalra and advocated the need for continuous quality improvement in healthcare.
It was followed by another informative session on ‘Envisioning Digital Transformation in Health’. The speaker, TSY Aravindakshan, National Manager – Industry Solutions (Healthcare), Microsoft, highlighted how technology is changing healthcare delivery in the country.
The next topic for discussion at Healthcare Senate 2016, Raising Capital for Healthcare, was addressed by an eminent panel which comprised Dr Rana Mehta, Leader – Healthcare, PwC India as the moderator, Apoorva Patti, Director, Currae Healthcare & Currie Healthtech Fund; Dr N Krishna Reddy, Vice Chairman, Care Group of Hospitals; and Dr Harish Pillai, CEO, Aster Medcity, Kochi & Cluster Head – Kerala.
They shared valuable insights on fund raising and also spoke on the trends in this segment. Dr Mehta quizzed he panelists on their strategies to raise funds for their organisations. Dr Pillai pointed out that investors are studying the nuances and subtleties of different geographical markets in the on try and good governance is essential to enhance funding. Dr Reddy, whose hospital has raised five rounds of funding, advised that hospitals should look for investors who understand their organisation’s philosophy to build meaningful partnerships. Patni recommended hospitals to find an under served need and explore unexplored segments to raise funds. The audience appreciated the session immensely.
After a short tea break, Tim Gallop, Advisor Dispoline InPrev, India & Director TiGaMed, Belgium spoke on hospital acquired infections and their adverse effects on health outcomes. He gave an overview of his company’s offerings which help tackle this menace.
The last session of Healthcare Senate 2016 was very interesting wherein CXOs of leading hospitals across the country shared the stage to discuss a topic which has a lot of relevance, especially in the current times – Balancing profitability with responsibility. Amit Misra, Head – Consulting Services, North India, IMS Health moderated the session. The panelists were Joy Chakraborty, COO, PD Hinduja Hospital and Medical Research Centre; Dr Tarang Gianchandani, CEO, Jaslok Hospital; Dr Alok Roy, Chairman and MD, Medica Synergy; Dr J Sivakumaran, COO, Kovai Medical Center and Hospital; and Aloke Mullick, COO, KIDS were the panelists.
Improving operational efficiency, right pricing of services, using feedback from patients to reduce errors etc were the suggestions given by experts to build a profitable yet responsible healthcare organisation.
The audience appreciated the session and interacted with the panelists for further clarity on the subject.
Thus the conference saw a lot of knowledge sharing over three days. Watch this space for exclusive coverage of Express Healthcare Excellence Awards.