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Tips from Top – " Heath Care: An Exciting Opportunity”. Mr. Gaurav Malhotra, Managing Director, Medicover Healthcare
of Management and Industrial Engineering hosted a seminar by Mr. Gaurav
Malhotra, Managing Director, Medicover Healthcare who provided a clear and
in-depth insight into the profound opportunities that the health care industry
has and how the industry is adapting and changing with time. Medicover
healthcare is an institution that believes in empowerment, integrity, teamwork,
passion for quality and Entrepreneurship.
began the presentation by a quote by Albert Einstein which talks about how easy
it is to make simple things complex and how difficult it is to make complex
things simple. He then went on to successfully explain the complicated concepts
in the healthcare in simple terms that can be easily understood irrespective of
background. He explained that, leadership behavior to him meant that one
must be able to take decisions based on customers’ needs, must know how to
unleash potential and must lead by example.
explained how the healthcare system has evolved over the age in India. While
the 1980s were familiar with large government hospitals and private nursing
homes, the trend gradually shifted to multispecialty and corporate hospitals
and recently we see an emerging inclination towards “medi-cities”. Indian
healthcare is positioned for a robust growth. The health care necessities can
be categorised as Environmental health needs, basic health needs, medically
necessary needs, health enhancement and optimal health. Depending on which
income group an individual belongs to, he or she will aspire for the optimal
healthcare.India is obsessed with
growing economy. But unless we have a healthy nation, our economy would not
improve. In the recent times there has been high growth rate in the health care
industry in India due to the increase in disposable income, increase in
diseases, population growth and insurance coverage. In fact, India is expected
to be in the top 3 in the World in healthcare market in 2020.
There has been a paradigm shift in the
perception of healthcare. He explained how from conventional medical centres it
has changed to state of art corporate setting, from long stay in hospitals to
short stay and outpatient services; from unorganized sector to organised
sector, from curative to preventive, from no quality check to quality service
and accreditation, from travel to urban areas for treatment to availability of facilities
in tier 2 and tier 3 cities and many such shifts. The amount of money spent on
healthcare is the maximum while we are sick and terminal. We tend to go to
hospital or avail medical services when we feel acute pain. The screening,
diagnosis and preventive care are still at a very nascent stage.
Mr Malhotra then talked about the 4 A’s:
Affordability, Assurance, Awareness and Accessibility. Even though everything
in government is free, 68% of the Indians do not use public healthcare. He
asked students opinions on what might be the reason for the lack of trust on
the government health services. The discussion brought forth different views on
the issue. He explained that India has a huge shortage when it comes to beds,
nurses and doctors when compared to the WHO guidelines.
Why is India
such an attractive opportunity for healthcare business? Mr Malhotra explained
that India has a huge demand right now. Whenever a family has a disposable
income there are two places they will invest; child education and medical
facilities. With the increasing per capita income of India, the country is an
attractive market for medical business. India is the cardiac, cancer and
diabetic capital of the world. The sedentary lifestyle is a major contributor
to many diseases. To make India aware of the healthy lifestyle requires a big
paradigm shift. The purported risk of lifestyle disease in India is expected to
boost Industry sales figure. In the near future it is the private sector who
would be the major player. Mr. Malhotra then walked us through VUCA
(Volatility, Uncertainty, Complexity and Ambiguity) and how it is applied in
the healthcare sector.
Mr. Malhotra shared his views and thoughts about life. Hard work and smart work
are both required for success. One cannot be successful without endurance. He
emphasized on the importance of the continuous learning and how the thirst for
knowledge will define success. This was a tremendous addition to the seminar.
For students just about to step into the corporate world in near future, it is
an invaluable advice from a person who has been a part of it for years. The
seminar concluded by Mr. Malhotra taking questions on the growth of healthcare
and the coexistence of online and physical healthcare.
The Department of Industrial Management and Engineering, IIT Kanpur presented the flagship event of Prabandhan – Reflexions on Sept 28th, 2019. The 3rd edition of the event on ‘Tackling challenges of the VUCA world' was concluded with a promising and on a cheerful note. With thunderous applause and riveting questions, the event opened to bridge the corporate world with the real world. Reflexions 3.0 saw the participation of 6 eminent industry leaders and management gurus to share their experiences from their respective trades. They were Karan Marwah, Partner – CFO, Advisory Services, KPMG, Harshavardhan Chauhan, Head-Marketing & digital transformation, DLF Shopping Mall, Neelesh Talathi, CFO, Pepperfry, Hari T N, CHRO, Big Basket, Raj Gupta, General Manager, HR, TCS and our very own Professor, Devlina Chatterjee, Managerial Economics, Applied Econometrics. The talk focused on "How well, can the industries predict the results of their actions in a world of Volatility, Unc
“ It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change. " A new zeal, vigour, and an unquenchable thirst for proving oneself is what describes MBA batch of 2019-21. 52 of us set foot on the pavement of a new journey and needless to say it has been unprecedented. Be it the early morning presentations, the stark midnight deadlines, or the never-ending case studies covering the gamut of concepts and context, each one of these activities can vouch for it. It has hardly been a month, yet the batch has acclimatized well with the life of one the most coveted institutes in the country, IIT Kanpur. For most of us, this is the desired path, and for the rest, it is an opportunity to relive their school days. Since we are in a place that has no norm and instead offers endless diversity, there will always be something that entertains and challenges us. It is time we took this op
Mr Praveen Tripathi began the seminar by giving a brief introduction about the classification of households in India. Sir mentioned about the New Consumer Classification System (NCCS) in which there are 12 grades of classification varying from A1, A2, A3, B1, B2, C1, C2, D1, D2, D3, E1, E2, and E3. He contrasted it with the old classification system in which there were 8 grades only. The basic theme behind all this classification is the life score which is assigned to all the households. Life score is calculated based on the education of chief owner and consumer durable. And the discrimination is measured by the Larenz Curve and Gini coefficient. The major drawback of this system as mentioned by sir was that the consumer durable penetration changes faster than education or occupation level. “Inside every transaction there is a knowledge, you need to decode it.” With this quote sir gave a brief about television audience metrics in India which started with Doordarshan Audien