Private hospitals in Delhi NCR making over 1,700% profit on drugs, diagnostics

New Delhi: Private hospitals in Delhi and the national capital region (NCR) are making profits of up to 1,700% on drugs, diagnostics and consumables and forcing consumers to buy from their in-house pharmacies, India’s drug pricing watchdog has found. According to an analysis by the National Pharmaceuticals Pricing Authority (NPPA) the hospitals are arm twisting both […]

Fortis Healthcare zooms 24% on Singh brothers resignation from directorships

Fortis Healthcare shares rallied more than 24 percent intraday Friday after resignation from Singh brothers from the directorships of the company. The specialist hospitals chain informed exchanges that Mr Malvinder Mohan Singh, Executive Chairman and Dr Shivinder Mohan Singh, Non-Executive Vice Chairman have tendered their resignation from the directorships of the company. The board of […]

Why do quacks function freely in India?

New Delhi: The recent arrest of a man in Uttar Pradesh for allegedly injecting 41 people with the HIV virus from a single infected needle highlights how so-called ‘quacks’ are able to ply their trade freely in India—aided by a dearth of qualified doctors, government apathy to patient safety and the desperation of the poor. The […]

Budget 2018: Corporate hospitals must change model to cash in on Modicare

The government’s flagship National Health Protection Scheme will increase patient access and lower healthcare costs, but corporate hospitals will have to tweak their business models in order to tap the growth opportunity, say health sector analysts. Union finance minister Arun Jaitley, in his budget speech on Thursday, announced the National Health Protection Scheme providing hospitalisation cover of Rs 500,000 a year to 100 […]