...Narayana Hrudayalaya was started in the year 2000 by Dr. Devi Shetty under The aegis of the Asian Heart Foundation (AHF). The flagship hospitals of the group are located in the cities of Bangalore and Kolkata. They are both multi-specialty hospitals which cater to a wide variety of illnesses and diseases.It has grown rapidly in four years to house 500 beds, 10 fully commissioned Operating Theater. The pediatric intensive therapy unit consist of 50 bed is largest in world. They attract paying patient by virtue of its high quality combined with continuous efforts to reduce cost of operation wherever possible. They attract paying patient by virtue of its high quality combined with continuous efforts to reduce cost of operation wherever possible. They are cross subsidizing poor patients who cannot pay full fee. The ratio of patients who can pay full cost to those who cannot afford it is 60:40. Mission “We at NARAYANA HRUDAYALAYA Foundation, Bangalore and the Asia Heart Foundation, Kolkata have a dream. A dream of making sophisticated healthcare available to the masses, especially in a developing country like our own.” Average OHS cost in NH is around 11000 including surgery and hospitalization. While average cost in other private hospital is about 250000 INR. In addition to this they have a scheme called KARUNA HRUDAYA, which allowed financially constrained patients to pay only 65000 per OHS.They are planning to have 100 acre of facility with 800 beds and 30 operating rooms...
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...Narayana Hrudayalaya Heart Hospital Cardiac Care for the Poor Executive Summary The public health care system in India has long been a major issue for the country. Many citizens have been unable to receive the proper health care due to high costs and the inability to reach a capable hospital. Dr. Shetty has founded the Narayana Hrudayalaya Heart Hospital as a solution to this major issue. Utilizing a cost leadership strategy, he has been able to significantly reduce the costs of cardiac procedures. By implementing a government funded insurance scheme, he has also allowed more people than ever to have access to this health care. As the hospital has grown in success, Dr. Shetty has expanded his operations to reach a larger portion of India and to include a more diverse range of procedures. Having built a strong foundation, Dr. Shetty has set his hospital up well to expand globally. Background The Narayana Hrudayalaya Heart Hospital is in Bengaluru, India where it aims to service a higher than traditional percentage of the population. One of India’s biggest problems lies within its public healthcare system. In 2003, India had a growing population of 1.03 billion, making it the second large country in the world. Within this population, the wealth is not skewed evenly compared to most first world countries. It is estimated the top 20% of the population holds half of the country’s wealth, while leaving more than 250 million below the poverty line. To make matters...
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...Print edition Special report: Innovation in emerging markets Comment (9) Timekeeper reading list First break all the rules Email Reprints & permissions Print The charms of frugal innovation Apr 15th 2010 | From the print edition Like 263 Tweet 173 Follow The Economist GENERAL ELECTRIC'S healthcare laboratory in Bangalore contains some of the company's most sophisticated products— from giant body scanners that can Latest updates » accommodate the bulkiest American football players to stateoftheart intensivecare units that can nurse the tiniest premature Nina Simone: Don't let her be misunderstood babies. But the device that has captured the Prospero | 2 hours 55 mins ago heart of the centre's boss, Ashish Shah, is much less fancy: a handheld June 26th 2015 edition: Pick of our week, in audio electrocardiogram (ECG) called the Mac 400. International | Jun 26th, 16:15 The device is a masterpiece of simplification. Terror in the Middle East: A bloody day The multiple buttons on conventional ECGs Middle East and Africa | Jun 26th, 16:12 have been reduced to just four. The bulky printer has been replaced by one of those tiny gadgets used in portable ticket Terrorism in France: Ever grislier machines. The whole thing is small enough Europe | Jun 26th, 15:18 to fit into a small backpack and can run on batteries as...
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...PROJECT MANAGEMENT PART 1 1. maximum wealth of a share holder 2. P*I*T 3. P( 1+I)T 4. do constant strategic planning 5. Search Project for Aspects of Close Encounters 6. market growth 7. A+B+I 8. none 9. – 10. Zero 11. Program Evaluation Review Technique PART 2 1. SINKING FUND PAYMENT: Money set aside in a special account to which regular contributions are made by way of additional money and/or interest on the money,with the plans that by a specified date the fund will be sufficient for a particular purpose. A means of repaying funds that were borrowed through a bond issue. The issuer makes periodic payments to a trustee who retires part of the issue by purchasing the bonds in the open market. From the investor's point of view, a sinking fund adds safety to a corporate bond issue: with it, the issuing company is less likely to default on the repayment of the remaining principal upon maturity since the amount of the final repayment is substantially less. This added safety affects the interest rate at which the company is able to offer bonds in the marketplace. 2. DIFFERENCE BETWEEN PERT AND CPM MODEL:...
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...WITHOUT SIGNIFICANT MARKETING EFFORT 8/11/2013 Dr. S.Balasubrahmanyam, IIM Kozhikode 6 OTHER INDIAN EXAMPLES OF MODEL-1 8/11/2013 Water: Naandi Foundation Water Health International Poorvi Enterprises Piramal Foundation Dr. S.Balasubrahmanyam, IIM Kozhikode Energy: Biogas Bank S3IDF Lighting: ICT: Drishtee N-Logue Comat 7 NO FRILLS SERVICE MODEL-2: CORE MODEL ELEMENTS 8/11/2013 Dr. S.Balasubrahmanyam, IIM Kozhikode 8 LIFESPRING HOSPITAL’S ASSET UTILIZATION = 5 TIMES THAT OF COMPARABLE PRIVATE CLINICS 8/11/2013 Dr. S.Balasubrahmanyam, IIM Kozhikode 9 OTHER INDIAN EXAMPLES OF MODEL-2 8/11/2013 Health: Vaatsalya Hospitals Dial 1298 Narayana Hrudayalaya Hospitals SKS Microfinance Rural Mobile Telecommunications Dr....
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...(Cover Page) “PROJECT ON “SUCCESS STORY OF AN ENTREPRENEUR – KIRAN MAZUMDAR” Master of Commerce Semester – III (2014-2015) Submitted In Partial Fulfillment of the requirements For the award of degree of M.Com By Arati Sachidanand Mishra Seat No. _86_ Tolani College of Commerce Sher – E – Punjab society, Andheri (East), Mumbai – 400 093. PROJECT ON “SUCCESS STORY OF AN ENTREPRENEUR – KIRAN MAZUMDAR” Master of Commerce Semester – III (2014-2015) Submitted In Partial Fulfillment of the requirements For the award of degree of M.Com By Arati Sachidanand Mishra Seat No. _86_ Tolani College of Commerce Sher – E – Punjab society, Andheri (East), Mumbai – 400 093. CERTIFICATE This is to certify that Arati Sachidanand Mishra of M.Com. Semester III (2014–2015) has successfully completed the project on “Success Story of an Entrepreneur- Kiran Mazumdar” under the guidance of Prof. Mahalaxmi Ramaprasad. Project Guide: - ___________________ Course Co-Ordinator: - ___________________ External Examiner: - ___________________ Principal: - ___________________ DECLARATION I, Arati Sachidanand Mishra the student of M.Com.Semester III (2014-2015) hereby declare that I have completed the project on “Success Story of an Entrepreneur- Kiran Mazumdar” in the course (Entrepreneurship Management). The information submitted is true and original to the...
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...TERM PAPER ON Public Private Partnership in Rural Health Management in India Dec -2013 Contents Lists of Contents Page No 1. List of Abbreviations 3 2. Abstract 4 3. Introduction 6 3.1 Private Sector in India 7 3.2 THE ROLE OF THE PRIVATE SECTOR IN HEALTH CARE 8 3.3 Public/Private Partnership 8 3.4 OBJECTIVES OF PUBLIC PRIVATE PARTNERSHIPS 10 3.5 Classifying PPPs 10 3.6 Challenges in Partnership 11 3.7 Characteristics of Partnership 12 3.8 Scope and types of partnership 13 3.9 The Study for Research paper 15 3.10.1 Analysis and Discussion 16 3.10.2 Overview of the Case Studies 16 3.10.3 Enabling Conditions 17 3.10.4 Equity and Accessibility 19 3.10 Private partner selection and obligations of the Partners 19 3.11 Performance Specifications 20 3.12 Resource implications 20 3.13 Autonomy 21 3.14 Technical and managerial capacity 22 3.15 Quality of services 23 3.16 Stakeholder Perspectives 23 4. Summary and Conclusion 24 5. References 26 6. Annexure 29 1. List of Abbreviations PPP Public Private Partnership HSR Health Sector Reform ADBI Asian Development Bank Institute NRHM National Rural Health Mission FRU First Referral Unit MMVs...
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...Jugaad - The Indian Model of Frugal Innovation By Dr. Ajith P Abstract This paper defines frugal innovation also called as Jugaad in Indian context. The concept of jugaad innovation is introduced and explained. The uniqueness of jugaad model compared to innovation model followed by developed nations is compared and contrasted. The paper further explores the relationship between frugal engineering, design principles, design thinking, co-creation and jugaad. The benefits and implications of jugaad model of innovation for emerging nations as well as developed countries are also discussed. The paper provides better understanding of what jugaad innovation model is and how to accelerate jugaad innovations by firms in emerging markets. Jugaad can provide value for money as well as value for many. Learning to do more with less for more people should be the jugaad innovator’s dream. Key words: Jugaad, Innovation, India, Frugal Innovation, Affordability, MLM, Sustainable Solutions Introduction “Earth provides enough to satisfy every man’s need, but not every man’s greed.” - Mahatma Gandhi Peter Drucker made a very profound observation long back. According to him, as the purpose of business is to create a customer, the business enterprise has two and only two basic functions: marketing and innovation. Marketing and innovation produce results; all the rest are costs (Trout, 2006; Kotler, 2009). Strategic innovation, which is a must for all marketing firms in today’s market...
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...PROJECT REPORT ON TOTAL QUALITY MANAGEMENT CONCEPTUALIZATION This is Total Quality Management Project Report. Human resource is the most important factor for any organization and success of any Organization is depending upon its resource .If human resource of organization is not happy with the organization. It will adversely affect the organization. The higher degree of commitment toward work will improve productivity and will decrease rejection cause due to human factor. So to make the people happy is the responsibility of the organization. So this study is helpful to measure the level of commitment toward work and to know the factor affecting the commitment level . QUALITY:- 1. Quality means fit ness for use. 2. Quality means productivity, competitive cost, and timely delivery, total customer satisfaction. 3. Quality means conformance to specification and standard. 4. Conformance to requirements. 5. Quality is what the customer says 6. Quality means getting every one to do what they have agreed to do and to do it right the first time and every time. TOTAL QUALITY :- It means all the people of the organization are committed to product quality by doing right things right, first time, every time by employing organization resource to provide value to customer. TOTAL QUALITY MANAGEMENT: - It is the process designed to focus external/internal customer expectation preventing problems building ,commitment to quality in the workforce and promoting to open decision making...
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...Emerging Trends in Healthcare A Journey from Bench to Bedside 17 February 2011 © 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Acknowledgement India’s competitive advantage lies in the lower production and research cost, its large pool of low cost technical and scientifically trained personnel, and large number of compliance certified manufacturers and service providers, which make us different from others. ASSOCHAM feels that technology incubation is no longer confined to a few institutions; it is a responsibility that we have to share, if we wish to see a better and a healthy future ahead. There is an immense need to develop skilled manpower in the area of healthcare and modern as well as traditional medicines. I am glad that this Summit on Emerging trends in Healthcare will bring forth the journey from research desk to the bedside of patient, as we will look at healthcare at the frontline to identify some common challenges that may help explain the complex nature of healthcare and the scale of the “change” challenge. I wish to thank KPMG for unanimously contributing towards this Knowledge Paper, which gives a rich and comprehensive insight of the trend in healthcare. I would also take the opportunity to thank QCI for supporting this event. The case studies contributed providing the best of...
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