India's Health Care Industry & Medical Tourism: Lawton R. Burns on Innovation and the Three "P's"
Episode Description
KNOWLEDGE AT WHARTON ARCHIVES: Wharton health care management professor Lawton R. Burns has been analyzing physician-hospital integration for more than 25 years. He has just completed a new book, India’s Healthcare Industry: Innovation in Delivery, Financing and Manufacturing, and plans to follow it with a book focused on Chinese health care. Burns says the trends in China are remarkably similar to what has happened to the sector in India.
In this interview with Knowledge at Wharton, Burns, who is also director of the Wharton Center for Health Management & Economics, notes that India will face the same health care issues that the U.S has been struggling with over the past 20-30 years.
More on this interview: https://knowledge.wharton.upenn.edu/article/indias-health-care-industry/
#indiahealthcare #healthcareindia #medicaltourism #medicaltourismindia 📂 Innovation;Health Care Management 🏷️ Research
Brief Summary
India's healthcare system is fragmented, with challenges in financing, medical tourism, and a mix of providers including quacks.
Key points
- Understanding India's Healthcare System. A comprehensive guide to India's healthcare, focusing on providers, payers, and producers.
- The Reality of Medical Tourism. Expectations for medical tourism from the West to India are largely exaggerated.
- Fortis Healthcare's Strategic Shift. Fortis Healthcare's experience shows the pitfalls of aggressive expansion and diversification.
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Episode highlights
- The Reality of Medical TourismExpectations for medical tourism from the West to India are largely exaggerated.“Those expectations are way overblown.”7:25Jul 11, 2014
- Fortis Healthcare's Strategic ShiftFortis Healthcare's experience shows the pitfalls of aggressive expansion and diversification.“They went into massive debt to acquire these things.”14:25Jul 11, 2014
