Healthcare the world over is facing enormous challenges with regard to the changing lifestyles and demographics. Higher wait-time and cost of care is driving the growth of what is now called Medical Value Travel. South East Asia and now India are major hubs of medical tourism.
In India however, there are as many detractors as supporters of this new development. The cynics question the accessibility of basic care for the Indian populace – let alone quality care. Then how, if ever, are we going to match up to the standards of the South East Asian countries? Also in this respect, one often makes sweeping statements regarding the state India’s hospitals are in; especially as regards the use of technology, or rather the lack thereof.
However, a keen observer can tell the ripple effect this new market force is having on the healthcare industry. Hospitals are scrambling to get their facilities accredited in order to grab as big a share of the medical tourism pie as possible. And this has been one of the key factors in the decision of many hospitals to invest on IT infrastructure