Affordable healthcare segment offers immense opportunity in India for meeting the healthcare demands of the poor. It is also a big ticket business opportunity for investors, start-ups and a major career opening to various professionals.
This segment can grow at a rapid pace if the following challenges can be addressed by all stakeholders. The conclave would facilitate conversations among various stakeholders so that the pain points are addressed and better linkages are built.
Is affordable healthcare sector in India at an inflection point? If not, how far is it?
What are the pain points that need to be addressed to make affordable healthcare a larger reality?
What business model innovations are at play to enhance the reach of the private healthcare in the affordable space?
How advanced care can be made affordable to larger sections of the population?
What’s the scene with healthcare start-ups? Is funding the only constraint?
How an enabling and dynamic eco-system can be created for enriching the affordable healthcare segment in India?
What are the missing links between stakeholders of the ecosystem such as NGOs, investors, start-ups, government departments, policy makers – what are the ways to bridge the gap?
Health insurance cover is improving, but is there enough innovation to make it effective and expansive?
Affordable health services are as important as affordable products. What’s the services scene?
How to draw big impact investing into this space? Can there be attractive incentives for investors to get into this space, just like affordable housing?
Explore immense potential of affordable healthcare sector in India and areas that are yet to be tapped significantly
Explore emerging/innovative business models that can make expensive products/services affordable
What is the policy push needed to promote faster growth of the affordable healthcare sector
What are the current pain points of the affordable healthcare segment and possible solutions
Product and service innovations – case studies and what can be learnt from them
Explore Investment opportunity in this segment
How both robust entrepreneurship and social entrepreneurship are needed to grow this sector aggressively
Jobs - Skilled human resources this sector will need
Is Chairman - Manipal Health Enterprises Private Limited (MHEPL). He is an expert in nephrology, with about 34 years of experience behind him. He was conferred the fellowship of the Royal College of Physicians, London for his contribution to Medicine. He is an Adjunct Professor of Medicine of the Manipal University, Manipal.
Somil Nagpal is a Senior Health Specialist at the World Bank, based in Phnom Penh, Cambodia. He joined this role after his previous assignment as Senior Health Specialist at the New Delhi office of the Bank. In his current role, he is cluster lead for the Bank’s health sector programs in Cambodia and Lao, and also coordinating analytical work in Malaysia.
Prior to joining the Bank over 7 years back, Somil set up and led the federal health insurance regulation unit at the Insurance
Regulatory and Development Authority, India. He has served at the Indian ministries of Finance and Health, the National Commission on Macroeconomics and Health (NCMH) and the World Health Organization (WHO). His work program at the Bank has included several countries in South Asia, East Asia, Eastern Europe, Middle East, and Africa, and also global tasks such as UNICO and the Joint Learning Network (JLN) for Universal Health Coverage.
Somil is a Fellow of the Insurance Institute of India. He qualified as a medical doctor with dual Masters Degrees - a Masters in hospital administration and an MBA in financial management. He has authored and co-authored several World Bank publications including ‘Going Universal’- a recent analytical work based on UHC experiences from 24 countries around the world; ‘Private Voluntary Health Insurance- Customer Protection and Prudential Regulation’, ‘Creating Evidence for Better Health Financing Decisions’, and ‘Government Sponsored Health Insurance in India-Are You Covered?.’
Dr. Govinda Rao
Dr. M. Govinda Rao is Emeritus Professor at the National Institute of Public Finance and Policy and an Advisor to Deloitte Touche Tohmatsu. He was a Member of the Fourteenth Finance Commission (2013-14). Prior to that, he was the Director, National Institute of Public Finance and Policy (2003-13), Director, Institute for Social and Economic Change, Bangalore (1998- 2002), and Fellow, Research School of Pacific and Asian Studies, Australian National University, Canberra, Australia. He was a Member of the Economic Advisory Council to the Prime Minister (2004-2013), Member of Financial Sector Legislative Reforms Commission (FSLRC); Member, High Level Expert Committee on Universal Health Coverage; Member, High Level Expert Committee on Efficient Management of Public Expenditure. His research interests include, tax policy and reforms, public expenditure management, state and local finance, fiscal decentralization and federalism.
Dr. Sujatha Rao, Author, ‘Do We Care’
Dr. K. Sujatha Rao is a former union secretary of the Ministry of Health and Family Welfare, Government of India. Of her 36-year-long service as a civil servant, she spent close to 20 years in the health sector in different capacities at both state and federal levels.
Prof. Arnab Mukherji is currently the Chairperson, Centre for Public Policy at IIM Bangalore. He is an applied microeconomist whose earlier work has focused on the economics of healthcare and governance with a focus on India.
Paul, Head, Healthcare Initiative, Villgro holds an MBA from Penn State’s Smeal College of Business during which time he was the President of the Net Impact chapter there. He worked for five years as a mechanical engineer designing capital equipment for the paper industry. Prior to Villgro, he spent five months working as an MBAs Without Borders Advisor to Villgro incubatee Sustaintech, during which time he helped the company with business development and internal information flow.
Karuna Jain - Associate Director and Global Health Lead, Acumen
Karuna has been with Acumen since 2012 and oversees our health, housing, and water & sanitation portfolios in India. Karuna has previous investing experience with the $175M Aditya Birla private equity fund and $600M Milestone Capital real estate fund. She has also worked with the Aditya Birla Group and with Dr. Reddy’s Labs across various finance and M&A roles. Karuna earned her post graduation in Management from the Indian School of Business, Hyderabad, and is also a certified chartered accountant.
Dr. Vijendra Prakash
He is the general manager at The Himalaya Drug Company Bangalore.
Anil Misquith is currently the Executive Director – Strategic initiatives, Samhita Social ventures (www.samhita.org) & Senior Advisor – Villgro, (www.villgro.org). Anil worked in the IT industry for over 25 years before he decided to follow his passion and move to the social sector. Over a span of 17 years at Intel, Anil led several initiatives for technology adoption in financial inclusion, rural development, banking and manufacturing sectors. During his tenure at Intel, Anil was a member of several National taskforces with the Govt. of India.
Anil now works with the leadership team at Samhita Social Ventures (Supported by N. S. Raghavan) to chalk out growth strategies for Samhita and develop partnerships with corporates and the social sector ecosystem. Anil also mentors startups supported by the Villgro Innovation Foundation and volunteers for the cause of children with special needs
Dr. Biranchi Jena, Director at IIHMR (Indian Institute of Health Management Research, Bangalore.
Dr. Biranchi Jena was Former Head of Research at EMRI, https://www.linkedin.com/ in/biranchi-jena-66935a2b Sushil Eapen, CEO, Silver Oak Health
Sushil was the former Country Manager (India) of Pearson Clinical and Talent Assessment, a global publisher of psychological assessments and interventions. He was instrumental in establishing Pearson’s Clinical Assessment business in India. At Pearson, Sushil led a team of Sales, Marketing, Product Development, Information Technology and Customer Relationship Managers. He is passionate about the delivery of mental health services using digital technology. He is networked with a large number of mental health professionals.
Sushil is also the founder and Managing Director of Vega, an assessment solutions firm in Bangalore. He earned an MS from Kansas State University and received an MBA in Marketing from Kellogg School of Management, Northwestern University, USA. Sushil is a woodworker and has a wood shop in Bangalore called the Dad’s Workshop. He conducts weekend classes on hand-tool based woodworking for working professionals in Bangalore.
Madanmohan Rao, Research Director, YourStory.com, Dr. Madanmohan Rao, a consultant and writer from Bangalore, is research projects director at MobileMonday, research director at YourStory.in, and research advisor at the Asian Media Information and Communication centre (AMIC). He is the editor of five book series: The Asia Pacific Internet Handbook, The Knowledge Management Chronicles, AfricaDotEdu, Global Citizen and World of Proverbs. He is also editor-at-large of DestinationKM and contributor to the Poynter Institute blog on new media trends. Madan was on the international editorial board of the book, Transforming e-Knowledge.
Madan was formerly the communications director at the United Nations Inter Press Service bureau in New York, and vice president at IndiaWorld Communications in Bombay. He graduated from the Indian Institute of Technology at Bombay and the University of Massachusetts at Amherst, with an M.S. in computer science and a Ph.D. in communications.
SustainabilityNext (www.sustainabilitynext.in) is India’s largest read digital magazine on the business of sustainability. It is four years old and has a readership base of about 50,000.
The magazine regularly curates thought leadership conclaves in association with Indian Institute of Bangalore’s Centre for Corporate Governance & Citizenship.
The media firm is run by Benedict Paramanand, journalist and author C K Prahalad – The Mind of the Futurist - with an eminent team of Editorial Advisors.
About IIMB Centre for Corporate Governance & Citizenship
The Centre for Corporate Governance and Citizenship (CCGC) at the Indian Institute Management Bangalore brings under a single umbrella the multidisciplinary contributions of various faculties to improve the understanding of Governance, which encompasses Ethics and all aspects of Responsible Business and Sustainability. The Centre also provides policy support to the Government, encouraging debate and dissemination of information and engaging in ongoing research on contemporary topics. It covers academia, Industry and also extends its sphere of influence to the not-for-profit sector.