Social Entrepreneurship in Medical Care
Another response is through the private sector which is the only part of India that really works. The private sector and civil society work, the government tends not to work. And the private sector has come up with some spectacular responses. This is a very, very close friend of mine, a spectacular entrepreneur, cardiac surgeon, who had his career in London for many years before he decided to move back and become a voluntary surgeon to Mother Teresa before she died in the slums of Calcutta and when she died, decided to open his own heart hospital, pediatric heart hospital in Bangalore. ... which is a mouthful ... but it basically means "God’s Compassionate Home." And this is a case that a colleague of mine at HBS and I wrote about this, this is an incredible case study. The more I look at it the more convinced I am. And this never fails to irritate my cardiologist friends in Boston, it just irritates the heck out of them, and the reason it irritates them is that I believe that this guy is probably one of the best if not the best pediatric cardiac surgeons in the world today and he has done this in Bangalore for nothing from ground up. Every year I go back he has added another floor. So let me give you a flavor of how he runs. By the way the break-even cost of open-heart surgery in his hospital is $2000, the average charge to patients in India is $2400. Other Indian private hospitals charge $5500 and in this country you would pay $100,000 once you include what insurance pays for it, so we are talking about a massive discrepancy in costs. And these surgeons do pretty well. They are okay. They do pretty well in India. Dr. Schetti has a spanking Mercedes that brings him into his hospital every day. He does fine. But he dedicates himself to running this hospital on more or less a break-even basis. What does that mean? He has a team of 10 surgeons that get compensated reasonably well. Every day he has a control system that looks at what the cash balances of the hospita...
Please note that Find Internet TV does not host any videos or allow users to upload videos. The video is provided and hosted from a third party server. The source is noted to the right of the video and depending on the source, the author and copyright may be listed as well. The information provided here is aggregated from the source and provided by video search engines. Find Internet TV does not host and is not responsible for the content.