Healthcare Spending

Healthcare Marketplace EHO Raises 1.5 Cr fund to Empower the Health-tech industry

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India will require additional 1.3 bn sq ft healthcare space by 2030: CBRE

India will require an additional 1.3 billion square feet of healthcare space by 2030 to reach the global hospital beds-to-population average, according to CBRE. In its report 'The Evolving Indian Healthcare Ecosystem: What It Means for the Real Estate Sector', CBRE mentioned that the total number of beds available in India was 1.9 million in 2019, while the total area of healthcare space was 0.9 billion square feet. The consultant has projected that 2.9 million beds will be required by 2030 to reach the global average. The total additional area required to reach the global bed-to-population average would be 1.3 billion square feet by 2030. "India has one of the lowest bed-to-population ratios in the world, which is indicative of the infrastructure gap as well as the vast growth potential of this segment," CBRE South Asia said in a statement. The demand for quality healthcare has accelerated in tier II and III cities, it noted. Anshuman Magazine, Chairman & CEO - India, South-East

Xi Jinping urges greater global coordination to aid pandemic recovery

China's President Xi Jinping urged greater coordination of global efforts to fight the pandemic, calling for a continued focus on people's health despite debate over the costs of Covid Zero policies

Govt's focus on affordable healthcare ensured savings for poor: PM Modi

Prime Minister Narendra Modi on Thursday said the government is working tirelessly to augment India's health infrastructure with a focus on ensuring good quality and affordable healthcare to citizens.

India's health budget still in need of improvement, shows data

There is the problem of the current infrastructure being able to absorb higher levels of funding

Health care Budget: Finance secy says it is responsibility of states

According to the budget proposals for FY23, the government is planning to spend about Rs 83,000 crore on healthcare, the same as it did in FY22

Best of BS Opinion: Some stability returns, view from the edge & more

Here are the best of Business Standard's opinion pieces for Friday

Rs 50,000-cr loan guarantee for health not enough in non-metros: Industry

Finance Minister Nirmala Sithar­aman said the government would provide 75 per cent coverage for new projects and 50 per cent for those in expansion mode in the non-metros

Govt plans Rs 50,000 cr programme to boost health infrastructure: Report

Programme will reportedly allow companies to access funds for ramping up hospital capacity or medical supplies with the government acting as a guarantor

Reimburse cost of PPE kits: Ombudsman

The ombudsman concluded the insured could not be faulted for the charges levied for PPE kits, and the insurer would have to reimburse this amount

Huge public-pvt effort needed to boost health if there's third Covid wave

Only when both sectors take joint actions, can the country brave another onslaught

India's public spending on healthcare lowest in BRICS nations: DEA Secy

India's public expenditure on health is the lowest among the BRICS nations, DEA Secretary Ajay Seth said stressing that technology can play a great role in improving access to healthcare

Everyone is battling coronavirus in India, except the state

Pandemic is a reminder of why even a dynamic private sector needs a state that can support its efforts.

Healthcare sector expected to reach $372 billion in 2022: Niti Aayog report

Non-metros (Tier-II and III cities) are expected to recover faster than the metropolitan areas and tier-I cities

Cabinet approves reserve fund to manage healthcare schemes in country

PMSSN covers any any programme to achieve India's sustainable development goals and the targets set out in the national health policy

Close look shows Union Budget's 137% increase on healthcare is illusory

It is unclear as to why Rs 35,000 crore has been earmarked for vaccines, writes K Sujatha Rao.

Higher budget allocation for healthcare a welcome move: Industry

The pharma and healthcare industry has welcomed the government's decision to increase allocation for the sector

Budget 2021: Allocation won't cover 300-million target for vaccination

There is yet no clarity on how this fund will be raised, how much states will contribute, and how much the new vaccines will cost

Top headlines: India's budget hikes spending; Myanmar military takes power

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Healthcare service providers urge govt to raise healthcare spend in budget

The government should increase healthcare spend in the ensuing budget for ramping up the infrastructure in the sector, healthcare service providers have said. "The public spend in healthcare needs to increase from the current 1.2 per cent to at least 2.5 per cent of GDP in the next 3 years, much of which should be invested in creating and modernising our infrastructure. Hopefully, the budget for 2021-22 would take the important first step towards this," Manipal Hospitals MD & CEO Dilip Jose said in a statement. Rapid and proactive actions of the government and the tireless efforts of healthcare workers helped the country navigate the COVID-19 pandemic; however, it exposed the chinks in the healthcare system, and highlighted the need for a major infrastructure revamp, he added. Highlighting the expectations from the budget, Metropolis Healthcare Promoter & MD Ameera Shah said, "The lack of adequate public health infrastructure in India combined with a high Out-of-pocket ...