| | DECEMBER 2020194. Bring-down the Cost of Treatment: Due to collective bargaining, it lowers the cost of drugs/implants and devices which are essential for treatment; thus, overall cost reduction is possible. This again channelizing for central procurement process and bulk purchasing. Scalability of the supply chain ensures better prizes and quality of the materials, drugs and other supplementary items essential for treatment. Considering the rising cost of healthcare, health saving and OPD are two important areas in which India needs to focus more. The benefits of collective bargaining offers best prices after best negotiation and the whole process under laid-down laws and legislation gives transparency in the material management system. The ultimate outcome will be affordable healthcare for all.5. Reduces the Inequalities of Healthcare Delivery: Inequalities like Rural & Urban, Rich & Poor, and Supply & Demand in healthcare delivery are reduced after implementation of this scheme. Due to availability of healthcare services to all sector of community, forecasting and centralized supply chain can ensure adequate stock of materials to which stock-out and delay can be prevented. This in turn results in the increased efficiency of healthcare delivery system. 6. It Ensures Power to Choose: The customer can choose the health care provider, private or public, which in turn reinforces the quality standards of public sector. Now in India, as per the current data available, private health sector is dominating the healthcare ecosystem by 70 percent. This again enhances the Public-Private Partnership (PPP) model for delivering healthcare, and this is one of the proven healthcare models to serve in rural population. This particular scheme will be available in both private and public sector, so users can have the leverage to choose the facility in terms of accessibility, quality and brand. 7. Data Collection & Research: This gives an opportunity to collect the data globally and analyse, so that we can interpret the disease pattern of each regions and prevention is more focused. This data pool is a reference for understanding the health status of the country, and budget allocation as per the need can be possible. Again, this reinforces the IT employments and R&D activities of the country. In India, especially in healthcare, we need to focus more towards preventive healthcare. This data and its analysis, interpretation and proper dissemination of results contributes to early detection of diseases and prevention. Again, this data can predict the conversion rates of secondary and tertiary care levels. Now, through collaboration with artificial intelligence, the data can forecast, predict and refer for seasonal trends, geographical influence and lifestyle of the people with occurrence of certain diseases. 8. Increased Efficiency in the Healthcare Sector: In terms of scalability, high volume and low margin, the entire healthcare system can be more productive, achieve more turnover and efficiency will be the result. Scalability results in high utilization of manpower and facility. In most of the private hospitals, the major reason for their negative EBITDA is low utilization of facility. Optimal usage of resources and lean management are the basic principles in effective healthcare usage. Collective bargaining in material management, drugs and equipment are some of the strategies in which low cost and maximum efficiency can assured. This universal insurance is contributing in this level too.9. Promote Innovations: Exploring all methods of ensuring, monitoring the services using various platforms like IT and Social Media gives an opportunity for innovation. IT collaboration ensures fast reporting, referrals, and usage of insurance. Social media penetration gives fast dissemination of information, awareness of the programmes, changes adopted and visibility of the scheme. This interdependency of various sectors will contribute innovations, job opportunities, research areas and sound healthcare delivery system.10. Large Size of the Scheme: Just due to the large size of the scheme, now, healthcare insurance sector and healthcare delivery is gaining lot of attention both socially and politically. Healthcare is a political core agenda first time in the history of India. It again ensures added benefits like budget allocation during government policy making, decision making, and implementation. Sonymol K
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