Assessment Of The Healthcare Sector In India Business Essay - Free Essay Example

Sample details Pages: 6 Words: 1931 Downloads: 6 Date added: 2017/06/26 Category Medicine Essay Type Analytical essay Did you like this example? The Indian healthcare sector is expected to become a US$ 280 billion industry by 2020 with spending on health estimated to grow 14 per cent annually, according to a report by an industry body. Healthcare has emerged as one of the most progressive and largest service sectors in India with an expected GDP spend of 8 per cent by 2012 from 5.5 per cent in 2009. It is believed to be the next big thing after IT and predicted to become a US$ 280 billion industry by 2020, the report said. Don’t waste time! Our writers will create an original "Assessment Of The Healthcare Sector In India Business Essay" essay for you Create order At present the sector is estimated to be around US$ 40 billion and will grow to US$ 78.6 billion by 2012. As per a study by an industry body and Ernst Young, India would require another 1.75 million beds by the end of 2025. The public sector however is likely to contribute only around 15-20 per cent of the required US$ 86 billion investment. The corporate India is therefore, leveraging on this business potential and various health care brands have started aggressive expansion in the country. Some of the companies that plan to increase their footprints include Anil Ambanis Reliance Health, the Hindujas, Sahara Group, Emami, Apollo Tyres and the Panacea Group. Sahara Group is planning several healthcare projects such as a 200-bed multi-specialty tertiary care hospital at Gorakhpur in Uttar Pradesh, a 1,500-bed multi super-specialty, tertiary care hospital at Aamby Valley City and 30-bed multi-specialty secondary care hospitals across all the 217 Sahara City Homes Townships. Meanwhile, Artemis Health Sciences (AHS), a health care venture of the Apollo Tyres Group, is also planning to establish four to eight multi-specialty hospitals in Punjab, Uttar Pradesh, Madhya Pradesh, Rajasthan and Haryana over the next three years. The rural healthcare sector is also on an upsurge. The Rural Health Survey Report 2009, released by the Ministry of Health, stated that during the last five years rural health sector has been added with around 15,000 health sub-centers and 28,000 nurses and midwives. The report further stated that the number of primary health centers have increased by 84 per cent, taking the number to 20,107. The size of the Indian medical technology industry may touch US$ 14 billion by 2020 from US$ 2.7 billion in 2008 on account of strong economic growth, higher public spending and private investments in healthcare, increased penetration of health insurance and emergence of new models of healthcare delivery, according to a report Medical Tech nology in India: Enhancing Access to Healthcare through Innovation released by PwC and an industry body. Health Insurance The Indian health insurance market has emerged as a new and lucrative growth avenue for both the existing players as well as the new entrants. According to a latest research report Booming Health Insurance in India by research firm RNCOS released in April, 2010, the health insurance market represents one the fastest growing and second largest non-life insurance segment in the country. The Indian health insurance market has posted record growth in the last two fiscals (2008-09 and 2009-10). Moreover, as per the report, the health insurance premium is expected to grow at a CAGR of over 25 per cent for the period spanning from 2009-10 to 2013-14. Overview of the company Background of the company Piramal Healthcare Ltd, a Piramal Group company, is a globally integrated healthcare company that fulfills unmet medical needs across the world. It has a growth track record of above 29% CAGR since 1988. Piramal Healthcare had consolidated revenues of US$ 656 million in FY2009. PHL is currently ranked 4th in the Indian market with a diverse product portfolio spanning several therapeutic areas. It is also one of the largest custom manufacturing companies with a global footprint of assets across North America, Europe and Asia. At Piramal Healthcare, core values of Knowledge, Action and Care are propelled for improving the quality of lives by democratizing healthcare. Aim is to attain leadership in market share, innovation and profits by: Partnering the medical fraternity Building strong capabilities to deliver product and process innovations Attracting and developing the best in class talent ÂÂ  Nicholas Piramal India Limited is one of Indias largest companies with an unmatched record of managing JVs/Alliances/Partnerships, and a proven commitment to IPR. With strong brand management and sales capabilities, a US FDA site-approved plant for on-and-off patent APIs and Intermediates, Basic Research, Process Innovation, Custom Chemical Synthesis, Formulations RD, NDDS, and a world-class, accredited Clinical Research Organization, NPIL is poised to emerge as Indias pharma powerhouse. With growth fuelled through a strategy of partnerships, quality acquisitions, brand building, focused selling and manufacturing, NPILs consolidated net sales turnover was US$ 313 million (INR 14.1 billion) in 2005-06 (April to March). NPIL has emerged among the leaders in Indian pharma with a unique mix of inorganic and organic growth fuelled through a strategy of acquisitions, brand building and focused selling, and manufacturing. The company has one of the widest product portfolios in India, spanning nine key therapeutic areas, in cluding the Cardio-vascular, Neuro-psychiatry, Oncology, Diabetes Management, Respiratory, Anti-infective, Gastro-intestinal, Dermatology and NSAIDS. The company was formed when the Piramal Group acquired Nicholas Laboratories, a small formulations company in 1988 from Sara Lee. It has followed a multi-pronged strategy to integrate and maximize synergies with the planned acquisitions and develop and consolidate its major strength in marketing to therapeutic niches. Managed by a team of highly proficient industry professionals, NPILs key strengths come from its strong brand building, selling and distribution, manufacturing and alliance/partnership management skills. The last, especially, are quite unique in the Indian context few Indian Pharmaceutical have exhibited such a strong and consistent record in successfully and ethically managing JVs/Alliances and Partnerships as NPIL has. Its policy of respecting IPR and managing partnerships, in keeping with both the letter and the spirit of written agreements, has been widely respected and commended by its partners. NPIL is the flagship company of the Rs. 2500 crore (US $ 550 million) Piramal Enterprises (PEL), one of Indias largest diversified business houses. Establishing supply chain excellence Starting the Supply Chain Journey Piramal Healthcare Limited, one of Indias largest pharmaceutical companies, embarked on and ambitious mission to streamline its supply chain. The companys domestic formulations business was witnessing strong competition due to issues around lower brand loyalty and product differentiation. Piramal was also challenged by an increasingly complex supply chain and a rapid growth period. It required tools for handling geographical expansion and product diversification, new product launches and also ongoing cost pressures. Some of the core goals of this strategic initiative were: effective and accurate supply and demand management, proactive supply chain planning for the short and long term, reduction of working capital, improved customer service levels and more effective utilization of resources. Choosing the Tight Partner A rigorous selection process was undertaken by Piramal and after thorough analysis they selected the SAP Advanced Planning and Optimization (SAP APO) component. The key reason for selecting SAP APO was tight integration between planning, execution, and performance monitoring processes, also because of the applications robust, best practices- based fucntionality and ability for supporting growth. The decision was taken by them for implementing this functionality firstly fir supply network planning, production planning and detailed scheduling, and the global available-to-promise process. It chose Bristlecone as its implementation partner. Transforming the Business In the phase one, the project team members- comprising business users, IT staff, and Bristlecone consultants- worked together on setting up the key performance indicators(KPIs) that would monitor progress. This gave result to greater degree of ownership across the organization. Implementation of SAP APO was done using the ASAP methodology by the team thereby reengineering Piramals business processes- such as annual budgeting and ales and operations planning- in order to meet company requirements. One of the major challenges faced was linking of the complex processes involved in active pharmaceutical ingredients with formulations. Nonetheless, quick decision making by the senior level management along with the collaboration between Piramal and Bristlecone, helped in ensuring a swift and successful implantation. Other success factors included a strict sign-off policy for introducing enhancements and the involvement of cross-functional teams for ensuring data integrity. Also decisi on was made to implement standard SAP APO functionality in reducing customization costs. Tracking Success Establishing of a performance management system for the company supply chain using the SAP Net Weaver Business Warehouse Component was another aspect of Piramals transformation. The team also developed a very strong framework of KPIs which included a mix of lead and lag indicators and qualitative and quantitative measurements. Also a KPI diagnostic tree was designed so that Piramal could analyze and conduct root cause analysis for eliminating inefficiency and for ensuring continuous improvement Siddhartha Pahwa, President of supply chain and trade management for domestic formulations at Piramal, confirmed that with SAP APO they have integrated all the planning processes which enabled in lead time reduction. And that they also expect to improve further in customer service, cost optimization, and the cash-to-cash cycle. Future Already benefits are being experienced by the pharmaceutical company. The company is enjoying the enhanced visibility of its supply chain end to end which has enabled them to react more quickly to demand along with other measurable KPIs like customer service levels, raw material and finished goods inventory. Still the transformation of supply chain is a continuous process for Piramal. Since presently it has a core SAP business software running in the Indian, UK, and Canadian sites, Piramal plans to follow up its successful implantation of SAP APO at the Indian sites with a full global rollout. Future of ERP systems in healthcare sector Conclusion Piramal Healthcare limited is one of Indias largest pharmaceutical companies. Due to its immense distribution network in multiple geographies and 12 manufacturing facilities in India, the United Kingdom, and North America, Piramal needs the right IT for supporting its complex supply chain processes and continued growth while keeping costs down. The solution: the SAP Advanced Planning Optimization component. Key challenges Some of the key challenges faced by the company were as follows: Elimination of multiple legacy systems Elimination of manual planning processes and dependency on spreadsheets- for accelerating planning cycles and response times Improving data accuracy and completeness Accommodating a complex supply chain Streamline of processes for contact research and manufacturing services. Improve ability for meeting increasing and changing customer expectations and demands. Why SAP was selected For selecting SAP as a system following are the reasons: Robust, best-in-class, integrated IT meeting core business as well as industry-specific needs Tight integration between planning, execution and performance monitoring processes Simplification of the IT landscape SAPs market leadership and commitment to the pharmaceutical industry Implementation of Best Practices The implementation steps included the following: Detailed tracking of implementing progress using key performance indicators Alignment of business objectives with IT Use of ASAP methodology during business blueprint, testing, integration and operational phases. Strict sign-off policy for introducing enhancements Involvement of cross-functional teams to define data integrity and master data management strategy Low Cost of Ownership Simplification f existing IT landscape, enabling the IT team to work more efficiently On-time, within budget project Elimination of high-maintenance legacy application, improving productivity of IT personnel Tightly managed, well-defined project scope Financial and Strategic Benefits Implementing good practices led to many befits both financially as well as strategically. They are as follows: Greater visibility or order and fulfillment data Elimination of redundant data Greater ability to react to changes in demand Streamlined supply chain processes Common platform for collaborative forecasting Operational Benefits Out of the many benefits obtained by its implantation it also included operational benefits which are illustrated below Key Performance Indicator Impact Available-to-promise process Manual to automated Raw material inventory -15% to -20% Finished goods inventory -15% Planning process From macro (groups equipment) to micro level( single piece of equipment)

The Works Of Richard Robbins Global Problem And The...

The works of Richard Robbins, Global Problems and the Culture of Capitalism, and Allan Johnson, Privilege, Power, and Difference, address privilege, inequality, and capitalism through sociological and historical references. Through reading and analyzing these works along with our class lectures it has become apparent that there is a clear relationship between these systems. Capitalism causes and enforces systems of inequality and privilege. Capitalism is able to do this through the construct of social reality, the matrix of capitalist domination: segmentation of class, gender, and race, and through the manipulation of society by capitalistic culture. To begin, the construct of social reality in a capitalist system reinforces systems of inequality and privilege. This is done mainly through the creation of dominant culture. Within our society, members are identified, classified and categorized by social characteristics. This stems from the social construction of reality. Johnson explains this concept through sociologist’s diversity wheel. It examines ones’ race, gender, ethnicity, sexual orientation, abilities, age, religion, relationships, education and much more to create a generic identity for a person based on what society deems as reality and significant (14). An example of this is the construct of Irish immigrant’s identity in society. Although their physical characteristic was of fair skin, the social reality deemed and identified them as non-white through the constructShow MoreRelatedCapitalism And The Need For Rebellion And Protest1731 Words   |  7 PagesNational University Melodee Stewart HIS 320 Capitalism and the Need For Rebellion and Protest The culture of capitalism emerged from 1450-1930, is defined as, â€Å"culture of capitalism as sets of relations between capitalists, laborers, and consumers, each depending on the other, yet each placing demands on, and often conflicting with, the others† (Robbins). 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Betrand Russell †Problems of Philosophy Free Essays

As humans we naturally believe that the sun will rise tomorrow. But why is it that we believe this? In the following essay I will explore the logic behind this question focusing on Bertrand Russell’s arguments of induction, and the uniformity of nature as presented in his book â€Å"The Problems of Philosophy† Russell’s principle of the uniformity of nature suggests humans and animals fall into the trap of believing that everything that has and will happen becomes a â€Å"general law with no exceptions† (Russell, 63). In other words, the more frequently something occurs, the more certain it is to occur again. We will write a custom essay sample on Betrand Russell – Problems of Philosophy or any similar topic only for you Order Now Russell provides an example citing the relationship between a chicken and a farmer. When the chicken sees the farmer coming everyday, he assumes, as per usual, that he will be fed, but ultimately one day the farmer will kill the chicken (Russell, 63). This is the trap that we frequently fall into by becoming too accustomed to what has already occurred, and assuming that it will always happen again. Russell argues that this is because humans use inductive logic to generate these general laws, which are used as the basis for the uniformity of nature (Russell, 66). This principle of induction states that the more times we see two things to be associated, the greater the certainty that this association is accurate (Russell, 67). An example is the rising of the sun. Through inductive logic we have determined that every morning, the sun will inherently rise (Russell, 64). There is however, a small chance that the world’s rotational force could stop which would result in the sun not rising. However, as inductive logic brings us to â€Å"certainty without limit†, it is seemingly impossible that the sun wouldn’t rise, based on the billions of times it has risen in the past (Russell, 69). This is where I believe there is an issue in Russell’s argument. I believe that there is no legitimate evidence supporting the relationship between induction and the uniformity of nature. In my opinion regardless of how many times the sun comes up; the chance of the sun rising the next day, does not change. From this I conclude that induction is not a proper way of determining whether or not the sun will rise, because there is still an unchanging probability that it will not. Russell counters this by arguing that through induction we can approach a level of â€Å"almost certainty, without limit† (Russell, 67). I believe this to be a fallacy as well because this statement in itself is an oxymoron. It suggests that there are different degrees of certainty, which is contrary to the definition of certainty itself. While I do believe that the sun will rise tomorrow, my belief is routed in the uniformity of nature, not in induction, as I am not convinced of this â€Å"certainty† which induction requires. Russell would once again refute this suggesting that it’s not the level of certainty, but rather the probability of the sun rising that increases. I however, believe that this probability cannot change. Each sunrise is independent of one another, just as each flip of a coin is. Regardless of how many heads in a row I get, I cannot by any logical measure deduce that the coin will always flip heads. Similarly, I cannot conclude that the sun will always rise just because it has in the past. Based on these grounds, the argument of induction does not stand, and hence, is not related to the uniformity of nature. How to cite Betrand Russell – Problems of Philosophy, Papers

More Than a Title free essay sample

The pink fringe hung from my vest, swaying to and fro in the wind, as I approached the schoolhouse doors. As I started to make my way down the seemingly endless hallway, my boots began to produce an almost rhythmic clacking sound, as they landed heel-to-toe upon the tiles that had been freshly polished just the night before. Like the golden mane of a Palomino pony, my newly braided pigtails dangled from the sides of my head, grazing my ears repeatedly, as I skipped by the classroom doors, which I envisioned being the storefronts of an old western cow town. This was the day that I had long dreamt of. It was the day that every youngster longs for. Yes, this was the day that I had the privilege of dressing myself. It was the day that I had eagerly sprung from my slumber and sashayed into my closet with the grace of a Hollywood starlet on the red carpet of the Oscars and carefully chosen my ensemble. We will write a custom essay sample on More Than a Title or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page It was the outfit that would not only impress those around me, but would make a statement about the type of person I was and the presence I would be asserting from here on out. As I passed the artwork that hung on the walls and the cream-colored tiles of my own personal â€Å"prairie†, I knew I could do anything. It was a time when I knew I would have several horses to choose from to gallop through the pastures whenever I wanted. My ranch would stretch out as far as the eye could see. It was a time when people would ask me, â€Å"What do you want to be when you grow up?† I didn’t even have to think. I would liken it to the knee-jerk reaction a leg makes when struck with the reflex hammer of a physician. I knew exactly how to answer this question. I yearned to be a cowgirl. Unfortunately, all too quickly, the childish dreams of yesteryear pass away. The dream of me being a cowgirl has long since faded, being replaced with the aspirations of tomorrow. The future h as quickly become the present and, sadly, my pink fringe has gone out of style. I find myself making the decisions that will impact the rest of my life, and the question that was posed to me, oh so many years passed, still remains and echoes in my head; â€Å"What do I want to be?† I am not one of the chosen few who can say that they’ve always known what they would become. I had lofty goals that didn’t align with my makeup. I love anatomy, but will faint at the sight of blood. I enjoy math, but am too ADD to sit in a cubicle calculating statistics all day. These are but a few of the dichotomies that I have wrestled with. I learned, very early on, that I loved children. With that notwithstanding, through all the chaos of finding my niche, there is one thing that I am sure of; I want to be more than a title. Too often people go to their job, going through the same routine day in and day out. Sadly, this is what has come to be expected of most Americans today. Although this process may â€Å"make the world go round†, it takes much more than just consistency of activity to make a difference in the lives of others. Perhaps this can best be represented by Wendy Wasserstein who said, â€Å"Dont live down to expectations. Go out there and do something remarkable.† And so, that childhood question still lingers and begs to be answered. Most would choose a concise noun, declaring, â€Å"A doctor, a lawyer, or an astronaut† and move on. Each response given would be an excellent and admirable choice. Although my college major will be elementary education, I don’t have an exact answer to the question just yet. However, what I do have is this. I have the certain and unwavering knowledge of knowing that I will not be labeled by a simplistic noun. I will inspire those arou nd me to be more than what they thought they could be. I will motivate by example and truly make a difference in the lives of those I encounter. I will cultivate the seeds of our youth, so that they will grow into the leaders of tomorrow. â€Å"What do I want to be?† I want to be more than a title.