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.


Labels:

Comments

Post a Comment

Popular posts from this blog

Consilium'08: The Consulting Conclave

MBA batch under the aegis of Department of IME is going to organize the annual consulting conclave of IIT Kanpur, Consilium’08. The objective of this event is to create a platform where confluence of leading professionals from consultancy and vast student community can take place. As consultancy has become one of the most preferred career choice for IITians , Consilium'08 will provide them the opportunity to learn about the nunaces of consultancy in various domains. From a humble start, it has been envisaged that Consilium will become the platform in coming years where representatives from across the spectrum of consultancy will share their knowledge, experience and insight with students. The event has generated enthusiasm among all sections of IITK students and students from other major B-Schools who are also expected to participate. Case solving competition is one of the attraction of Consilium '08 in which winners shall get certificates and attractive cash prizes. Apart...
Post a Comment
Read more

THE HIGH OCTANE RIDE: FRESHERS NIGHT ‘12

“Dance like nobody's watching, Love like you've never been hurt, Sing like nobody's listening, Live like it's heaven on earth”  -Mark Twain An apt quote to describe the sumptuous freshers' party for the MBA batch of 2012-14, organised by the seniors on 17 th August, 2012. As with all freshers' parties, the gist of this night was to make every Y’14 MBA student feel like being an integral part of the IIT-K family, younger and ever new to take the challenge of the years ahead, ever fresh through the year and carrying the legacy ahead. The proceedings started as early as 7pm, as all the students geared up for an evening of fun, enjoyment and relaxation. After ambiguity, predicament and lots of discussions over what to wear for the occasion, almost everyone reached the venue for the night, old SAC ground, by 7.15pm where the party finally began at around 7.45pm. The event, compered by Sagar and Kanwardeep, kicked off with the Y’14 students being called on ...
4 comments
Read more

A Talk on Project Management and Strategic Planning

A guest lecture was delivered by Mr. Aditya Kumar, Solution Transformation Leader, Schneider Electric on 11th Jan, 2013. He has specialized in Project Planning, Contract & Risk Management, Turnkey Projects, Business Processes, Energy Management, Building Project organization and thus his talk was focused on these aspects. He discussed that how the strategy and project management go hand in hand. Just as strategies and ideas lead to new projects, similarly, project results drive changes and give rise to new strategies and innovations. He explained that a project is a venture undertaken to produce a product or service. Project management is the discipline of planning, organizing, procuring and managing resources to bring about the successful completion of project by the application of skills, knowledge, tools and techniques and meet the need and expectations of all the parties who are directly or indirectly interested in the project. The main challenge with project management is to...
4 comments
Read more