I apologize if some of the information this post are inaccurate or wrong. I was not able to repeat the full show online to verify my notes. The Indian English dialect, also made me struggle. Please note me, and I change it!
Dr. Devi Shetty just explained on BBC Hard-talk how to solve the worlds health-care problem. He explained that public healthcare was possible when people worked to they were 60 and died at 65. Now, in comparison, people live to they are 95. There exist no public entity that can provide enough healthcare in these circumstances.
Health-care has to been delivered way more effective and cheaper means, and Shetty are proving it in India. There his largest heart-surgery hospital has more than a thousand beds. That compared to the biggest US ones at 150 beds.
And it isn't only for advanced surgery. His private healthcare surgery in India is providing 4 million farmers health insurance, including heart surgery, for 22¢ a month. That's less than the cheapest Indian cigaret package! And to provide another comparison. India has 750M mobile phones who pay 150 rupees each month.
BBC Hardtalk just aired (10:30 Norwegian time) a fantastic conversation between Stephen Sackur and Devi Shetty, where Stephen clearly are shocked by the groundbreaking story of Devi Shetty. A 3 minute version can be seen here (sorry, it request flash;). If you live in the UK you can see it here.
This seems to follow Clay Christensen advices in disruptive innovation:
- Devi Shetty offers heart-surgery to non-consumption.
- He's gradually reducing the cost. Every day all his doctors, nurses and medical technicians get a profit and loss report on SMS of yesterday work. They have with that mean driven down the cost from 120K rupees to 60K.
- People pay different. 40% pay 60K and 60% pay less.
Devi Shetty is also creating a large hospital in Cayman Island to provide high quality surgery for US and the Caribbean, to non-consumers in this part. If this succeed, he will start in Africa!
