Ending Soon! Save 33% on All Access

Health at Affordable Cost to People and at Lowest Expenditure to Government Consultation with a pharmacist should be promoted by giving them another certification to recommend OTC products

By Man Mohan Gupta

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Shutterstock

India is a country, where a majority of the population cannot afford the high cost of diagnosis and delayed treatment for basic health. We do not have sufficient doctors to handle such health problems.

I believe that the adoption of the recommendations below will not only deliver savings to the health portfolio, they also have the potential to incentivize investments in R&D and manufacturing facilities, increase employment and provide significant benefits to the consumers and healthcare professionals.

A Special Course with a Special Purpose

My recommendation is that we design a course for people who are already in the profession but do not have a degree to practise. The duration of the course must not be more than one year and align with the vision of National Skill development. Their job should primarily be to prescribe or dispense only Generic medicines.

This will also help in increasing employment and more people will enjoy better health.

Pharmacists be Given More Responsibility

Consultation with a pharmacist should be promoted by giving them another certification to recommend OTC products. For example, most people tend to manage their diabetes on their own. So that people can manage their life in much cost-effective manner.

Technology and Cost

The Government must relate healthcare to patient data and artificial intelligence to manage health at lower cost. The government must bring a notification to make healthcare available at a cheaper cost at private hospitals. There should be the pricing of patient care related to infra cost recovery of hospitals. Once the cost of equipment and infrastructure is recovered, the operating profit must be used in the care of general ward patients.

E-Pharmacy

Online Pharmacy is the buzz of present India. More than 8 Lacs medical stores spread all over India are drawing attention and making noise by entering the online Pharmacy business. Everyone knows how Medical stores have flourished since the past 70 years in India. People were forced to accept and buy the medicines from these medical stores on their terms.

People are now accepting buying through these online pharmacies like 1mg, MyMedicineBox, Netmeds and Pharmeasy. These online players offer transparent offerings, provide information, knowledge and proper handling and off-course adopt fully tax and Govt. compliances.

My recommendation is that Govt. should first release the format of working procedures of these E-pharmacies to clear all doubts in the mind of people.

Secondly, I request our Finance Minister to offer a three year tax holiday equal to investments in infrastructure created by E-Pharmacies to enable offering of better healthcare services at affordable prices at the convenience of home care.

Further, the government should offer tax concessions if people taking care of long-term medications and post-hospital care at their home. Hospital care at Private hospitals is very expensive. The government should provide additional tax concessions of say INR 10000 to 15000 for people buying hospital type beds and equipment during home care. This will help to reduce burden and rush in hospitals and at the same time, the government will also save a huge amount.

The author of this article is Mr. Man Mohan Gupta, Mentor of MyMedicineBox.

Man Mohan Gupta

Mentor, MyMedicineBox

Thought Leaders

Need More Confidence? These 10 Bestselling Books Will Help Improve Your Self-Esteem

Self-esteem can be hard to come by and even harder to maintain. To give yourself a boost, try these authors' words of wisdom.

Side Hustle

The Side Hustle He Started at Age 15 Led to a $4 Billion Boon for Small Businesses: 'They Would Take a Chance on Me With Their Hard-Earned Money'

Nic Beique asked his local barber, gym and more if they'd like him to build a website for their businesses.

Growing a Business

Want to Expand Your Market Overseas? Here's Everything You Need to Know About Global Logistics in 2024

With rising geopolitical tensions and changing market conditions it can be hard for businesses to navigate supply chain logistics even in a post-pandemic world. Here are three tips from the CEO of an international customs brokerage.

News and Trends

Tata Motors Making Products Accessibility Simpler

From making financing solutions easier for its customers to making investments across brands; the company is dedicated to improve mass penetration

Business News

Elvis Presley's Granddaughter Fights Graceland Foreclosure, Calls Paperwork 'Forgeries'

The 13.8-acre estate was scheduled to be sold in a public foreclosure auction on Thursday. Presley's granddaughter and heir, Riley Keough, is fighting to save Graceland in court.

Business News

Kickstarter Is Opening Up Its Platform to Creators and Making Big Changes to Its Model — Here's What's New

The company noted it is moving beyond traditional crowdfunding and making it easier for businesses to raise more money.