This awards operators who have come up with ways of cutting costs dramatically. This could be in the delivery of services to a group of patients or residents – for example, a business model which has slashed the cost of dialysis, imaging, cataracts, chronic disease management programmes or homecare and residential care.
NHS systems in the UK and Spain are struggling. L.E.K. Consulting’s breakfast seminar at HBI 2022 examined the emergence - and necessity - of affordable private care as part of the solution.
A five and a half year education (Batchelor + Masters) as a doctor for just €100,000? That is what is on offer from EDU Malta, a for-profit educational institute with statutes which commit it to working for the public good. It is working closely with Fresenius Helios and other German hospitals and is looking for hospital partners in other countries. So how does it work, what are EDU’s plans and what role could this play in dealing with the massive world shortage of doctors?
With the help of a results-based financing mechanism, Mexico's largest specialised diabetes provider Clínicas del Azúcar has doubled its number of patients from the poorest segments of society and tells HBI it can now double the locations for potential clinics. We speak to its CEO and the co-creator of 'social impact incentives' about how to monetise extra value in impact investing.
Sabka Dentist is the largest chain of dental clinics in India which provides affordable dental care services to the masses. It currently runs 112 company owned company operated dental clinics across India. The company currently has 250 dental chairs distributed across 112 clinics operated by more than 500 dentists.
A combination of remote patient monitoring and telehealth for patients with chronic conditions, such as diabetes, COPD, Hypertension and Cardiovascular conditions that demonstrates a 46.5pc drop in costs compared with traditional Primary Care services, 32 % fewer hospital admissions, 42% fewer doctors appointments and 59% less time spent with home nurses.
Virtual network of 38 diagnostic centres in Switzerland, set to increase to 45-50 by June 2018.
Corpus has built a platform providing flat rate imaging to HMOs and doctors for a discount of between 10% and 45%. This is achieved by acting as a preferred provider organisation for its partners, and through building volume with local exclusivity offerings for its diagnostic centres, directing patients from HMOs to these centres.
How do you slash the cost of dialysis to a level affordable in country with a GDP per capita of $1,600 and where public dialysis is often of poor quality? NephroPlus, India's largest dialysis chain has managed to cut costs for private pay from $30-40 to $20-25 in the private sector and its outsourced offering to the public sector costs just $15. It has achieved this through a focus on process, effectively leveraging its scale for procurement, creating an in-house training centre and internal maintenance and quality teams.
Despite servicing local authorities at fee levels that are 75% of the UK national average, Advinia grew EBITDARM more than 30% and sustained occupancy levels at 96% in 2017. It has achieved this through the creation and implementation of process, workflows and rigorous training along with the use of technology. The cost savings associated to this is £1.3m per annum over the last four years. It recently bought a portfolio of 22 homes from Bupa which has seen Advinia grow to 3,250 beds across 38 homes, employing 4,000 members of staff.
Veritas has cut the price of whole genome sequencing to below $1,000, including results and insights on 1,200 conditions, 70+ traits and 200 drug interactions via an app. Any physician or consumer can order their whole genome sequence and interpretation online. The judges felt the huge price cut in whole genome sequencing made Veritas the category winner.
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