Consolidation in healthcare can help companies grow faster and benefit consumers in a better way, it can also help to create financial security as well, informed healthcare industry leaders in a panel discussion, on the second day of Healthcare Senate 2018.
The panel was moderated by Dr Sujit Paul, MD, Sarvagun Ausadhi. the other renowned speakers who participated in the discussions were VP Kamath, Group COO, Pinnacle Cancer Centres- India & International, Gaurav Agarwal, Director, Singhi Advisors, Dr Ravindra Karanjekar, Group CE0, Jupiter Hospitals, Dr Priti Nanda, Founder of Medi-skool/Co-founder of AB Hospitals.
Deliberating on the topic ‘Consolidation in healthcare: Putting the best foot forward’, they highlighted some trends in healthcare. They also opined that acquiring and growing is a trend in healthcare which is very relevant in an era where investors are in a hurry to exit. Hence, consolidation is a trend that is likely to continue.
However, the discussion also established that consolidation should not be just horizontal. Healthcare needs vertical consolidation to create better interdepartmental synergies and improve overall performance.
Key takeaways
- Consolidation means benefiting from sharing of best practices. It helps to standardise quality of care.
- Consolidation is a good growth strategy but it should be adopted in a discriminate manner.
- If leveraged well, it can play an important role in making healthcare more affordable and accessible.
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