Despite all technological and commercial advancements India has witnessed since independence, the healthcare infrastructure in India is still plagued by multiple challenges. The public expenditure on health in India is just 17.3% which is lower as compared to other other countries. Though the Indian healthcare industry, stood at US $ 61.79 billion in 2017, it is appalling that GDP of India in healthcare sector constitutes just 0.9% as per the National Healthcare Policy 2002 statistics.
Lack of transparency while availing healthcare services and products has aggravated the problem of Indian consumers. This unawareness of price transparency force Indian citizens to pay hefty out of their pockets.
India Today TV News, in an attempt to enlighten on the existing scenario, revealed the innovation brought about by Meddco in the healthcare ecosystem.
It was evident that access to information regarding the quality and cost of healthcare services can inarguably help consumers to make better decisions about their care. Increase in price transparency and availability will drive Indian citizens to make positive and sound decision for their health care.
Meddco Group, founded by Dr. Sanjit Paul, has been elemental in rolling out solutions aimed at Indian masses to solve their financial woes while availing healthcare. Meddco’s app and web platform, designed for healthcare consumers, amalgamates technology with price transparency, availability, and affordability.
Meddco.com – the web and app platform facilitates healthcare consumers with information and helps them make informed decisions regarding costs involved while healthcare.
“India faces lack of awareness in availing information for emergency medical services, unlike modern world.” – said Premanshu Singh, CEO of Coverfox. He observed – “There is no accountability. 100% of emergency cases need to be documented.”
In the words of Dr. Sanjit Paul, Founder of Meddco Group, – “There are 2 major concerns that trouble patients, one – where to avail a particular treatment, two – how much cost they would incur.” He also observed that – The major gap in the healthcare industry is the transparency part.
Meddco’s SaaS-based platform helps users search and compare medical treatment and surgery packages. They can choose affordable healthcare services from specialist doctors listed on Meddco’s platform. They can book appointments with doctors and connect with hospitals directly to avail information.
“The healthcare consumers can look for the good amount of information based on fixed price surgery packages, diagnostic tests, and the costs that they are going to incur. This is how we deem ourselves helpful to them” – said Chintan Vyas, Head of Digital Marketing at Meddco.
The Indian consumer today faces high deductible health facilities and increasing skyrocketing medical expenses demands information regarding cost and quality. This will help them evaluate their affordability factor.