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Private hospitals in India demand timely reimbursements under nation’s largest health insurance scheme

India's Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PM-JAY), the largest government-funded health insurance scheme, has enrolled 27,742 hospitals, 43% of which (11,973) are private hospitals, with 1.3 million beds. However, private hospitals are struggling financially under the scheme, citing delays and inadequate reimbursement rates. Introduced in 2018, PM-JAY aims to provide Rs. 5 lakh (~$6,100) per family annually for secondary and tertiary care hospitalisation, covering pre-hospitalisation and 15 days of post-hospitalisation expenses including diagnostics and medicines. Reports indicate that many private hospitals are lately reluctant to admit patients despite having available beds, primarily due to delays in government reimbursement of insurance claims.
July 4, 2024

PMI’s changing business model

Access to primary care is now the number one reason people in the UK want private medical insurance (PMI), according to data collected by UK health insurer Vitality. Other NHS countries have been seeing similar trends since Covid. Katie Tryon, Vitality’s Director of Health Strategy, spoke about how this has completely changed the PMI business model — for the better — at HBI’s conference last month.
July 3, 2024

World Bank to aid Armenia with $110M loan for rising private healthcare costs

Armenia faces high out-of-pocket (OOP) healthcare costs, primarily financed by households, which raise significant health policy concerns. Recently, the World Bank approved a $110 million loan to help with Armenia's Enabling Universal Health Coverage Program. This initiative aims to enhance primary healthcare quality, improve government health spending efficiency, and lower financial barriers to healthcare access.
July 3, 2024

Healthcare innovation ETF set to launch in Europe

HANetf, a European exchange traded fund (ETF) provider with ~$4 billion assets under management, has announced a partnership with US-based asset manager Harbor Capital to launch a new UCITS ETF focused on the European healthcare sector.
July 2, 2024

KKR acquires Kerala-based hospital fuelling surge in India’s healthcare PE deal activity

India saw a ~35% drop in private equity and venture capital deal activity in 2023, with investments falling from $62 billion in 2022 to $39 billion. However, healthcare investments hit a record $5.5 billion, driven by a tripling of provider investments, multi-specialty provider consolidation, and the rise of attractive single-specialty assets. Reflecting this trend, on July 1, the US private equity firm KKR has announced an acquisition of a controlling stake in Baby Memorial Hospital (BMH), a multi-specialty hospital chain in Kerala, India.
July 1, 2024

Eurofins’ share price falls after allegations it is “optimised for malfeasance”

Multinational French labs group Eurofins saw its share price lose almost a quarter of its value on Monday after US investigative research and investment firm Muddy Waters released a report highlighting numerous “oddities and contradictions” which it believes suggest the group is “optimised for malfeasance”. The share price regained most of its lost value after Eurofins published a rebuttal which addressed some of the issues raised in the report. However questions still remain, most pertinently over allegations that the firm’s CEO and founder, Gilles Martin, has been using real estate to “siphon” off money from the company.
June 28, 2024

Essential actions amid rising healthcare cyberattacks: all you need to know

A recent NHS cyber attack resulted in the postponement of over 1,100 operations, including nearly 200 cancer treatments, and exposed 400 GB of sensitive NHS and patient data. Cyber attacks on healthcare are growing more frequent, intensifying strain on the sector. As healthcare undergoes greater digitisation and collects more patient data, preparing for and defending against cyber attacks is paramount for the sector's resilience. Since 2020, global healthcare data breach costs have surged by 53.3%. For the 13th consecutive year, healthcare recorded the highest average data breach costs at USD 10.93 million, according to IBM.
June 28, 2024

What would a Labour government mean for private providers in the UK?

As the UK’s political parties enter the final straight for next Thursday’s general election, the outcome is all but certain, with polling strongly indicating that the Labour Party is set to return to power for the first time since 2010 — at current projections with the largest parliamentary majority in British history.
June 28, 2024
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