Skip to main content

TIPS FROM TOP - “US Healthcare Industry” by Mr. Ashish Chandra, Associate Director, United Health Group


On Saturday, 7th October, 2017, the Industrial and Management Engineering department of IIT Kanpur had the opportunity to host a very insightful and informative seminar by Mr. Ashish Chandra on “Healthcare Systems and Analytics”.

The seminar commenced with Mr. Chandra introducing himself. An alumnus of IIT Kanpur, Mr. Chandra has worked in various top tiered Pharma and Healthcare companies, and has 12 years of experience as a decision scientist. Currently, he is the Associate Director of United Health Group, prior to which he had worked for seven and half years in Market RX.

Mr. Ashish started the seminar by talking about what is healthcare. Then he explained the various models in healthcare provision: National Health Services - Beveridge Model, Social Health Insurance - Bismarck Model, Community Based Health Insurance, Voluntary Health Insurance, and ‘Out of pocket Payments’. In each of the models he talked about the revenue sources, groups covered, pooling organizations, and care provision.

Mr. Chandra then went on to describe the US health care system which is an amalgamation of two major models - the government sponsored program, and the private sponsored program. In the USA, healthcare is a very sensitive issue due to the exorbitant medical cost. Elections are fought over this and this is one of the key constituents in political manifestos.  The concept of ‘Over investment but less effectiveness’ was discussed.

In very simple terms, the speaker talked about the various opportunities to make healthcare more affordable and effective. These include - migration from fee-for-service to new provider payment models, consolidation of healthcare stakeholders, widespread use of data and analytics in patient care, spending and utilization for specialty pharmaceuticals, Medicaid expansion due to healthcare reform, migration to value-oriented healthcare marketplace, growth and performance of accountable care organizations, role of technology in patient engagement, and increasing patient cost sharing. Mr. Chandra also talked about the plans of Google to launch a pill that will revolutionize diagnoses.

Mr. Chandra explained how the healthcare system is shifting towards precision medicine, where doctors will potentially be replaced by computers, and will make analytics and data driven decisions. Artificial intelligence, machine learning and big data will empower physicians, scientists and patients alike with the latest, most accurate clinical understanding in real time.

The seminar was very interactive and it was a great opportunity to learn about the health care industry, its current situation, and the direction in future. Mr. Chandra also advised the audience on how to prepare for future corporate life. It is imperative to keep learning and keep improving every day if we wish to make a mark in this world.


Comments

Popular posts from this blog

An Introduction to the batch of 2019-21

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 opportunity to build a lasting relationship with our c…

The 2018-20 batch, an initiation!

Time to take a plunge –  2018-2020Batch


The journey of a thousand miles begins with a single step
                                                                                            – Lao Tzu.

The energy of the Indian subcontinent unified at the gates of IIT Kanpur when we started our much- awaited journey of MBA. The pre-assignments and admission process gave us a much-needed glimpse of life ahead of us. With all glittering hopes, we, the 54 minds embarked on an endeavour to achieve our dreams and here we are, introducing our remarkable 2018-2020 batch with immense pride and responsibility wearing the badge of IIT Kanpur.

For most of us, who have prior work experience, it is a back to school time and for the rest, it is an aspired path by choice, now that we are in our new home, it is time for us to build an everlasting relationship with our peers and let the world know about us. With the get-up-and-go attitude, the diversity of the 2018-2020 batch is one of a kind with studen…

Tips from Top, Digital Marketing – A Key Perspective by Mr Vikash Kumar and Mr. Mohit Goel (Trident Ltd)

Mr Vikash Kumar, Chief Digital Officer at Trident Group India Ltd, visited the IME department at IIT Kanpur along with his colleague Mr Mohit Goel, GM at Digital Trident, on the 3rd of September, 2016. Talking about the changing scenario of digital marketing and the challenges and opportunities that it poses for today’s marketing managers, he shared his insights as the Chief Digital Officer of the textile giant Trident India Ltd, about the marketing and branding strategies being followed in the current scenario.

Mr Kumar stressed upon keeping the session as informal and interactive as possible, making it into a dialogue rather than a one-way lecture. He started with defining digital marketing as a medium that provides two way flow of information or communication on world wide web. He emphasized on how the rapidly changing world of digital marketing has made textbook knowledge insufficient, and further emphasized the importance of learning on the job, staying unique, and believing in o…