4.6 Bonus: Affordable Health Care in India
Devi Prasad Shetty is an Indian philanthropist and a cardiac surgeon. Shetty’s vision is to provide high quality affordable tertiary care for India’s poor. In 2012, he was awarded the Padma Bhushan, the third highest civilian award in India for his contribution to the field of affordable healthcare.
Dr. Shetty is chairman and founder of Narayana Health, a multi-specialty hospital chain in India, headquartered in the city of Bengaluru. As of December 2013, there were 6,200 beds in 23 hospitals across 14 cities.
It is known as a low cost and high quality Indian healthcare service provider as a result of innovative concepts such as insurance schemes and even telemedicine. This unique business model of Narayana Health has become a global healthcare and Harvard Business School case study. Narayana Health is also renowned for being one of the largest telemedicine networks in the world.
Here is a TEDx talk by Dr. Shetty discussing the success of the hospital.
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