Narayana hrudayalaya heart hospital cardiac care for the poor

Narayana hrudayalaya hospital bangalore

When NH was first built, the hospital consisted of two stories housing five OTs and beds. Shetty and his family, which then bought equipment and medical supplies with loans backed by the family. With their vast experience, the surgeons at NH were able to achieve international standards in their procedures: NH boasted of a 1. He is also considering setting up health care facilities in the Cayman Islands and Malaysia. Observers say to succeed, Shetty needs to build organizational and management bandwidth; create teams of medical professionals that share his vision and are willing to work hard; put in place robust processes, and raise the required funding. The cost savings he offered started attracting customers in greater numbers. Over the next five years, Shetty wants to build similar 5,bed health cities across the country. One will have to wait and watch if Shetty can indeed scale [his model] beyond one or two institutions. This publication may not be digitized, photocopied, or otherwise reproduced, posted, or transmitted, without the permission of Harvard Business School. The hospital has moved to digital X-ray technology, saving on the recurring cost of film. Shetty founded NH in Bangalore with a generous contribution from his father-in-law, who owned a construction company, Shankaranarayana Constructions SNC , with expertise in the construction of dams, roads, highways, and power projects. Karnataka was the eighth-largest state in India and was known for its information technology and software industries, which were concentrated in its capital city, Bangalore see Exhibit 6 for a map of India. The increasing volumes in turn have helped lower costs in many ways, staff says.

Most hospitals use their CT scanners, MRI magnetic resonance imaging and other machines for only eight hours a day, but Narayana Hrudayalaya uses them for 14 hours and offers these tests to the patients at lower rates in the late evenings. The medical facilities are the same for every patient, however.

For the past six months, another vendor has parked his catheterization laboratory equipment at the hospital free of charge. Shetty was also the personal cardiac surgeon of Mother Theresa and was able to observe firsthand her charitable work, which set the direction for his ambitions in health care.

Narayana hrudayalaya from heart care to human care

This online publication is authorized for use only in the HarvardX course "Entrepreneurship and Healthcare in Emerging Economies," Spring That was how Shetty came to the conclusion that the health care industry needs more process innovation than product innovation. For the past six months, another vendor has parked his catheterization laboratory equipment at the hospital free of charge. This approach continues to be one of the core savings areas at Narayana Hrudayalaya. Apart from the surgeries, the Bangalore campus treats about 2, people daily in its out-patient department. The cost of the machines was spread out, interest-free, over seven years. His hospital in Bangalore focuses on cardiac medicine but he wants to extend the model to other specialties, in addition to other locations. By , the hospital was staffed by approximately 90 cardiac surgeons and cardiologists, many with extensive training and experience in top-class international institutions and several of whom had performed more than 10, heart surgeries individually in their careers see Exhibit 5 for a picture of the team in surgery. Shetty is a transformational leader who can bring about a sea change in this industry. India currently has around 0. Karnataka was the eighth-largest state in India and was known for its information technology and software industries, which were concentrated in its capital city, Bangalore see Exhibit 6 for a map of India. The medical facilities are the same for every patient, however. The managing team at Narayana Hrudayalaya follows the unique accounting practice of studying the profit and loss account on a daily basis. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means without the permission of Harvard Business School. When NH was first built, the hospital consisted of two stories housing five OTs and beds.

The hospital saves on the cost of the machines while the vendor also profits. When NH was first built, the hospital consisted of two stories housing five OTs and beds.

cabg surgery cost in narayana hrudayalaya

The cost savings he offered started attracting customers in greater numbers. Apart from the surgeries, the Bangalore campus treats about 2, people daily in its out-patient department.

narayana hrudayalaya heart surgery cost

With their vast experience, the surgeons at NH were able to achieve international standards in their procedures: NH boasted of a 1. Kiran Mazumdar-Shaw, chairman and managing director of biotechnology firm Biocon owns a 2.

Shetty founded NH in Bangalore with a generous contribution from his father-in-law, who owned a construction company, Shankaranarayana Constructions SNCwith expertise in the construction of dams, roads, highways, and power projects. Shetty claims he passed on those savings to patients, and maintains that, even today, construction costs at his hospitals are less than half of that for others.

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Narayana Hrudayalaya Heart Hospital: Cardiac Care for the Poor (B)