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| Latest
News |
| 02nd
Aug 2010 / Business Standard |
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Wharton scouts for healthcare, insurance
research tie-ups
Wharton School’s healthcare management department
is exploring research tie-ups with Indian institutes in
the healthcare and insurance sectors.
Healthcare is something that has taken-off in the last
five years. “Wharton needs to get smart about India
and needs to bring what is relevant to India. The country
developing its healthcare and insurance arrangements is
of interest to us,” says Patricia M Danzon, Celia
Z Moh Professor of HealthCare Management, Insurance and
Risk Management.
The department plans to collaborate with researchers in
India — which has a strong pharmaceutical industry
— and explore the designing of healthcare systems
while studying the impact of the regulation of the pharmaceutical
industry and related subjects.
“The product sector, particularly the generic sector,
is very strong in India. Likewise are the outsourcing
capabilities. India is becoming the place for activities
in pharmaceutical and biotechnology industry. It will
be very interesting to see what sort of model India develops,”
says Danzon.
The school is also exploring courses on global supply
chain management and logistics, microfinance and project
finance with Indian institutes.
“We are open to relationships and partnership with
other institutes. Also, we have been holding executive
education programmes in India. We can always partner and
rent space in India to conduct such programmes,”
says Anjani Jain,Vice Dean and Director, Wharton Graduate
Division.
Wharton plans to learn from India as well as teach India.
“I think the research expertise that we have is
about how the design of those healthcare services affects
the availability of quality and prices. It is something
that we thought could be brought through researchers in
India,” adds Danzon.
India’s healthcare industry, which comprises hospital
and allied sectors, is projected to grow 23 per cent a
year to touch $77 billion by 2012 from the current estimated
size of $35 billion, according to a Yes Bank and an industry
body report published in November 2009. The sector registered
a growth of 9.3 per cent between 2000-2009, comparable
to the sectoral growth rate of other emerging economies
such as China, Brazil and Mexico.
The growth in the sector, indicates the report, will be
driven by healthcare facilities, both private and public
sectors, medical diagnostic and pathology labs and the
medical insurance sector. While diagnostics will contribute
$2.5 billion to the healthcare industry by 2012, public
and private healthcare facilities will account for another
$ 6.7 billion during this period.
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