Carethics

GE is serving another gold mine from its new Public private partnership endeavor. It expects to rake in at least 800 crores in revenues through this initiative, reports LiveMint. As per the project, GE is going to setup diagnostic facilities in public hospitals & medical colleges across the country in partnership with various state govts. These units will also be funded by GE healthcare’s financial services group. As per plan, Labs will provide services at 30 to 50% reduced costs from existing private labs. Generally, private labs charges anywhere b/w Rs.3,000 to 10,000 for MRI & CT scan services. First in its hands is a contract with MP govt and Sanya hospital to develop diagnostic centre at Netaji subhash Chandra Bose Medical College in Jabalpur.

Our View

Healthcare till lately have been considered largely as unorganized sector compromising on quality and services. PPP initiatives provide good opportunities to private sector for more organized and professional healthcare services. Taking inspiration from many successful models of PPP in operation in different countries of the world, like the UK, Australia and France, Indian Govt as well have taken out tender worth 1500 crore for 6 AIIMS like hospital in the country.