A continuing lack of adequate healthcare infrastructure and limited access to quality healthcare delivery services has resulted in private players playing a larger role in bridging the demand supply gap in the industry. Private healthcare provides for healthcare needs of 76 per cent of the population. Healthcare Companies will continue to explore various options and business models in order to expand their presence both from a geographic and a therapeutic segment perspective. Given the capital intensive nature of the business, organisations will endeavour to look actively at various funding options including private equity and other avenues of capital availability. This is where the government should come in as a true partner.
With the public healthcare system being inadequate to address the population’s healthcare needs, PPP models should be given momentum in order to garner higher private participation and provide the much needed access and quality healthcare services to the population. Seeing the inadequate number of Public Private Partnerships (PPP) and the Public Private Partnership (PPP) model is yet to gather momentum, if the PPP model is implemented widely it can enhance the quality of health care services in the country as the healthcare infrastructure can be provided by the government and management skills can be provided by the private sector. Such initiatives will enhance the quality of healthcare services at affordable price points.
Increase in tax holiday from current five year to ten year time frame under section 80-IB for private healthcare providers in non-metros for minimum of 50 bedded hospitals instead of current 100 beds will further help to take healthcare to the masses.
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