According to the WHO, health technology refers to the application of organized knowledge and skills in the form of devices, medicines, vaccines, procedures and systems developed to solve a health problem and improve quality of lives. Advancing health technologies increases the health care costs. Health is a major financial problem and a serious issue the world over. Investment in health technology is essential for long term financial stability and to improve efficiency, support consistent delivery of quality health care and to avoid high-cost inpatient settings.Health care investment in IndiaAccording to an ICRA industry report on Healthcare, India invested 5.1 % of its GDP on health in 2001. The health market is estimated at $30 billion and includes retail pharmaceutical, healthcare services, medical and diagnostic equipment and supplies. The private sector dominated in the health care market and this increased participation by the private sector in healthcare services is stimulating change in the Indian healthcare industry. Government of India has endorsed tariff and non-tariff measures that have further stimulated health care market development by allowing more hospitals to offer critical care services. These investments are expected to lowered health care cost for patients suffering from life threatening diseases.Investment opportunitiesThe Confederation of Indian Industry’s (CII) Indian Healthcare Federation estimates that there is an investment opportunity of approximately US$25 billion over the next 8-10 years to establish health technologies and other facilities that will put the sector on the global healthcare map.TelemedicineHealth information technology improves the delivery of healthcare services and efficiency levels. Telemedicine improves accessibility of to health care facilities for the patient living in remote areas. Telemedicine has a great investment potentially in that is changing the lives of over 600 million people in rural India.Mobile technologyMany people in India have access to cell phones that opens for a potential healthcare in the form of mobile health solutions. Investments in VAS (Value Added Services) related to health will be a major investment & revenue generator. Telemonitoring reduces hospital and emergency room visits. Telephonic disease management increases enrollment rates. In metropolitan cities, most people have access to Internet. Telehealth has a great investment potential and is the key to success of chronic and rural healthcare.Laboratory & diagnostic services: imaging and pathology labsOutsourcing of laboratory testing and diagnostic services is set to become big business in India. According to a study on the Indian healthcare industry, the US$ 864 million diagnostics and pathology laboratory testing business is growing at a CAGR of 20 per cent. As part of its cost-cutting efforts, Britain may contemplate shipping blood and urine samples from National Health Service (NHS) patients to India for clinical tests and get the test results over the Internet.Medical devicesThe biomedical devices market in India is unofficially estimated at around US$ 1.5 billion and about 80 per cent of this is met through imports. Cardiology equipment constitutes about 20 per cent of the total market, followed by imaging systems -accounting for 15 per cent. Telemedicine services can create a demand for diagnostic medical equipment such as X Ray machines, CT scanners, Doppler’s ultrasound scanners and electrocardiographs.ConclusionIn conclusion investment in health technology is beneficial for both the health care provider and for the patient. Health technology has a potential to reduce health care cost the by shifting care away from higher cost inpatient settings and the benefits associated with this technology are projected to outweigh investment cost. Rising opportunities bring an increasing number of foreign investors to India.
If you’re like many recent college graduates in the United States, you’ve noticed that the job market isn’t quite what it used to be. After experiencing four years of freedom living on your own, it may be time to consider a variety of ways to start cutting back on spending. One of the top manners to save, and one that is becoming increasingly more popular, during long and troublesome job hunts is to head home to live with Mom and Dad. There’s no shame in it, and even the snickers are fewer and farther between than in the past. The stigma of living at home has faded to a high degree, because most of the world of young professionals is in the same boat.Some of the hardest parts of heading back home can be smoothing over the day to day living with your Parents. The rules are likely to apply again, and it will take a while to get adjusted to your newfound adult freedoms, while simultaneously respecting the wishes of your parents, who after all are very kind to invite you back. Besides figuring out the new rules, there is always the challenge of nudging your Parents to add new bills to the monthly inventory. One example is pushing for the foods you’ve grown accustomed to eating. Another may be paying for the technological services you’re used to living with.While television can fall by the wayside, many young people are hard pressed to live without high speed internet. Not only is it a modern convenience, but for completing tasks like job hunts, or even finding some work from home in the meantime, it’s a necessity. Spending the time and money to be out of the house at an internet café every day can be as expensive as renting a place of your own, and defeats the purpose. However, for parents who aren’t particularly internet literate, the dial-up service they’ve had since you were 13 might be enough.Instead of picking fights, try pushing some of the finer points of switching to high speed internet. Let them know that today there are options, like DSL, cable, and satellite internet service. While your parents may still only be using basic browsing and email services, it’s likely because they’ve never had the luxury of experiencing high speed broadband service. Why not try presenting some well organized information about satellite broadband and all the benefits. A great selling point is the high speed of download, up to 50 to 75 times faster than dial-up, and the always on convenience. Instead of having to “dial in” every time they want to check an email or see what the weather will be like, it’s completely possible to just sit down and search. That’s a convenience anyone can appreciate.Even though you might be without a career, for the time being, you can still practice your negotiating skills. Begin with a campaign to wire your house with satellite internet. There are no basic requirements besides a clear view of the southern sky to start enjoying fast, reliable, satellite internet broadband.