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hospitalThe Government of India (GoI) introduced a scheme ‘Ayushman Bharat- Pradhan Mantri Jan Arogya Yojana (PMJAY)’ on 23 September 2018. The scheme aims to provide complete healthcare facility to the poor. Touted as the world’s largest government healthcare programme, the scheme is funded with 60 percent contribution from the Centre and the remaining from the states.

The first component of Ayushman Bharat involves creation of 1,50,000 Health and Wellness Centres. It will provide comprehensive primary healthcare (CPHC) covering both — maternal and child health services and non-communicable diseases, with essential drugs and diagnostic services free of cost.

The second component, PMJAY, provides health protection cover to poor families. The scheme by the National Health Authority (NHA) envisions health assurance cover up to Rs five lakh per family per year. Approximately 50 crore beneficiaries will be covered across the country under this scheme. It covers secondary as well as tertiary care hospitalisation. More than 15 lakh beneficiaries have received free-medical attention under his scheme as of 11 March 2019.

Moreover, an app has also been introduced which can be downloaded by the Android users. The app provides basic information about PMJAY. It helps the down loader to know eligibility, view the nearest hospital and key information required by the concerned.

India is a country of USD 2.5 trillion economy, which says India grows at an average pace of 7.2 percent (approx). The country is envisaged to become USD 10 trillion economy in the next eight years.

With the execution of such schemes under the observance of the government, there is a huge opportunity for Hospital and Health & Wellness Centres. India ranks second in terms of population after China. With such a huge population, the need for providing medical treatment is very important.

What needs to be taken care of for development and full usage of the scheme:

  • Infrastructure
  • Health and Wellness Centres
  • Transparency in payment mechanism
  • IT infrastructure

Government offerings under Healthacre sector

  • Pradhan Mantri Jananushadi Kendra provides quality
  • Medicines at affordable prices to poor citizens of the country
  • 1,393 treatment packages available under PMJAY
  • 14,440 hospitals empanelled under PMJAY
  • Out of the total 14,440 hospitals, 7,118 are public hospitals
  • The count of beneficiaries hospitalised under PMJAY stands over 15 lakh

There are multiple projects that are engaged in the Hospital segment and are on the wish list. As per the data compiled by Projects Today, a total of 1,850 projects with an investment commitment of Rs 1,57,689 crore are proposed in the Hospital sector, which will come up across India.

A total of 21 AIIMS have already been set up in the country and the 22nd AIIMS will come up in Harayana at an investment of Rs 1,299 crore. The AIIMS at Manethi village in Rewari district of Haryana will come up over 223 acre of land parcel. It will include hospital , trauma centre facilities, medical college, nursing college, speciality/super speciality departments, Ayush department and so on.

HospitalA major hospital project has also been planned in the ‘Sunrise’ state of Andhra Pradesh. BRS Medicity by BRS Medicity Healthcare & Research will be developed at Dondapadu, near Amaravati, at an investment of Rs 5,450 crore. The project which will spread across 100 acre of land parcel will have facilities such as Medical University, Super Speciality Hospital, including OPD, ICU, private rooms, general beds, etc, Medical Device Manufacture Industry, KPO centre, Stem Cell Research Centre, Analytics and Quantam Centre, Naturopathy and Yoga Centre, Residential Zone, among others.

A mega project proposed by the Patna Medical College Hospital (PMCH) received a nod from the Bihar Cabinet in November 2018. The proposal envisages making PMCH the world’s biggest hospital with 5,462 bed. The new PMCH premises will spread over 72.44 lakh sq ft area. The estimated cost of the project is Rs 5,540 crore and it will take seven years to be completed. The project will be executed by the Bihar Medical Infrastructure Structure Corporation. The hospital will have 29 wards, including 478 beds for general medicine, 522 beds for general and pediatrics surgery, 702 for orthopedics, 610 for pediatrics, 462 for obstetrics and gynecology and 240 for ophthalmology besides an ICU having 217 beds.

The Post Graduate Institute of Medical Education & Research (PGIMER) intends to construct a Cancer Centre at Sarangpur in Chandigarh. The centre to be developed at an investment of Rs 2,500 crore will include new outpatient department (OPD), trauma centre and new learning centre.

The following table shows the top states where more than 488 hospital projects with an aggregate investment of over Rs 45,000 crore will be developed.

States Projects Cost (Rs Crore)
Maharashtra 190 12,849
Uttar Pradesh 154 12,383
Kerala 59 10,611
Andhra Pradesh 85 10,104

 

Apart from this, the Department of Medical Education & Research, Haryana will construct a Medical Science University (second University of Health Sciences) in Karnal district of Haryana. The project will have multi-specialties, super-specialties, colleges of nursing, physiotherapy, skill development centre for para-medical courses, etc. On 12 February 2019, Prime Minister Narendra Modi laid the foundation stone for the project which will cost around Rs 3,000 crore.

Overall, the scheme which aims to create ‘A Healthy India’ showcases an immense opportunity of development under the healthcare segment. The improvement of infrastructure in the healthcare sector will also help in creating opportunities for companies to expand healthcare systems, which in turn will create employment opportunities for many.

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