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Latest Articles in magazine 26 january 2015

Analysis: Who Is To Blame?

Healthcare is business with a cause: it’s a telling statement. It reflects a blend of both the business of care delivery and the cause of human suffering/healing. Across this case study, as Abhed Govil probes deeper, he unravels the mismatches and dilemmas around the balance between the business and the cause. It is unfair to assume that the cause of human suffering is the driver for sustainable hospital business.

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Analysis: Fix The Missing Link

In the healthcare industry, regulations and standards play a significant role in assuring consumers of the safety and efficacy of the medicines, equipment and healthcare services. The case highlights serious weaknesses in the regulations governing healthcare industries in general and the medical device industry in particular. Take, for instance, the failure to diagnose Paritosh’s fracture correctly: It resulted from the poor quality X-ray machine that did not report a fracture. Lack of effective regulation has led to the presence of such counterfeit products in the market.

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Case Study: The Business Of Life

Abhed Govil took the prescription from the nurse’s hands and said, “Sure, this will get done right now, thank you!” Dr Prashant Massey, the orthopedic surgeon, had scribbled a whole lot of medicines and dragged the last alphabet down diagonally to the left hand of the sheet and written, “MRI”.

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Homing In On A Good Deal

Prime Minister Narendra Modi envisions 100 smart cities by 2020. To realise this vision, the government has undertaken a few encouraging steps such as relaxation of foreign direct investment (FDI) norms in the construction sector and issue of long-term infrastructure bonds to facilitate easier flow of foreign and local capital.

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A Future Powered By Renewables

The Indian renewable energy industry is on the cusp of a major transition. The new government, under Prime Minister Narendra Modi, has charted a vision for clean and affordable energy with emphasis on renewables. Thus, renewables will play a significant role in achieving the energy security objective, promising to offer 24x7 energy access to all by 2019. The foundation for this role will be laid in 2015.

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Needed: A Sea Change In Mindset

A year from now, the ‘Make in India’ programme should have oriented government policies in a direction that would reverse the trend of India’s jobless growth. For this to happen, unlearning and relearning has to take place across the board, within the government and public policy domain as well as in the corporate sector, with the help of activists, civil society organisations, educationists and skill providers.

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