Apollo Munich Health Insurance, Star Health & Allied Insurance, Religare Health Insurance Company, CignaTTK Health Insurance, Star Union Dai-ichi Health Insurance, Aditya Birla Health Insurance are in top six nominations for the coveted Pharma Leaders Most Valuable & Admired Healthcare Insurance Company of the Year 2018
Apollo Munich Health Insurance, Star Health & Allied Insurance, Religare Health Insurance Company, CignaTTK Health Insurance, Star Union Dai-ichi Health Insurance, Aditya Birla Health Insurance are in top six nominations for the coveted Pharma Leaders Most Valuable & Admired Healthcare Insurance Company of the Year 2018
Pharma Leaders Most Valuable & Admired Healthcare Insurance Company of the Year 2018
1. Apollo Munich Health Insurance Company Limited
2. Star Health & Allied Insurance Company Limited.
3. Religare Health Insurance Company Limited
4. CignaTTK Health Insurance Company Limited
5. Star Union Dai-ichi Health Insurance Company Limited
6. Aditya Birla Health Insurance Co. Limited.
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Innovations across all touch points will be the one that would make the difference and help us accomplish our mission of getting to universal health insurance coverage in India. The gap between health care spend in India and that covered by health insurance is a mammoth US$57 billion. This gap is waiting to be addressed, provided we innovate. Penetration of health insurance of any form is in single digits vs developed economies where it hovers at 80% or more. Even those covered are under-insured in some form or the other. Imagine, if we could just cover half of our people with health insurance, how dramatic a growth we would see! But more importantly a massive improvement in equitable access to healthcare.
Recently, Prime Minister Narendra Modi launched India’s largest health insurance scheme. Now called the Pradhan Mantri Jan Arogya Yojana (PMJAY) — it has gone through a record public name-changing (more below) — the scheme needs to cross five hurdles to deliver outcomes and catalyse India’s journey towards delivering an effective healthcare system. Entitlements include financing of pre- and post-hospitalisation expenses and a defined transport allowance per hospitalisation. The coverage is portable across the country and beneficiaries are entitled to secondary and tertiary healthcare from any empanelled public or private hospital in India through cashless insurance. The financing mechanism is through either insurance, or trust, or a mix of both. There are three big issues here. First, the public-private pricing needs to get closer — the four-fold gap between the two is too wide: the average medical expenditure per hospitalisation for rural households in a public hospital stood at Rs 5,636 versus Rs 21,726 in a private hospital. These differences show up across states as well: at Rs 8,520, hospitalisation costs are the lowest in Assam and the highest in Punjab (Rs 29,779). given that India’s out-of-pocket expenses are among the highest in the world, and for many, a single hospitalisation can push a household into debt, a policy intervention is necessary. PMJAY has brought in a ‘package rate’ that includes all costs associated with the treatment, defined by the government in advance. This brings transparency into the system and is a step in the right direction.
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Pharmaleaders Power Brand Awards are the most prestigious annual industry awards recognized annually that acknowledge and honor individuals and organizations for their accomplishments using healthcare innovations to deliver the best value in achieving specific goals and objectives,” said Satya Brahma, Chairman & Editor-In-Chief of Network 7 Media Group . These are fitting tribute to those individuals and companies that have gone the extra mile to advance the excellence in healthcare through best practices and leadership. Pharma Leaders Power Brand Awards those Companies & Individuals who exhibt rare display of innovation for Outstanding Academic/Professional Leadership bestowed annually each year to individuals/Companies who have/has advanced the mission of top ladder through extraordinary and outstanding leadership and who have contributed significantly to the enhancement of academic life professionally & individually . The top recognition symbolizes the best out of best from chosen few.