Wednesday, August 21, 2013

Are there MDs like Dr.Devi Shetty of India in the PHL?

Live healthy and long

I must have made the mistake of teaching only opportunity seeking for   MD in MBA for Health in a leading GSB in Manila.  I should refocus my syllabus on making hospital care as social enterprise instead instead of molding them into the likes of tycoon.  We need to bring down health care cost in the PHL instead of following the opportunistic pricing/opportunity seeking model of business entrepreneurs as in US (as investigated by Steve Brill for Time Magazine)

We should go to the Doctor to the Barrio model (Dr. Flavier) or even hilots or herbolarios, to be strategic doctors, to use the herbs and food in distant barrio to cure the sick and the poor.

Or follow the Indian models:    Dr. V of the Aravind Hospital envisioned the hospital to be the McDonald of Eye Surgery.  They had operated on millions using operations management method.
and Dr Devi Shetty  of the Narayana Hrudayalaya (NH hospital)  He founded this in 2001 because his employer could not understand his vision.  Heart surgery in NH costs only the equivalent of $l,500 vs. $108,000 in US or $25,000 in the Phil. He also founded the Rabindranath Tagore International Institute of Cardiac Sciences  (RTIICS

 In Davao PHL, it is only $8,000.00  Dr. Shetty believes that costs can be reduced by as much as 50% in a decade by employing economies of scale Thus the costs in India can still go down to $800.00. That is something!

Can there be a philantropist Dr. like Dr. Shetty (most will think that that model is simply shit)?  Can we make health services:

1.  Be in the mold of social business; (the reverse of profit maximization business)

2.  Be operated in an efficient manner to bring down costs?

3.  Be compassionate.

There is no need to have medical tourism campaign if we give excellent medical care at very low costs.  Patients from Arab countries, US, UK, and South Africa visit NH and get quality care at low cost.








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