Medical Education: The Make in India Way
3 Months agoExisting norms have been rationalized to increase the participation of private players in Medical education
- In order to cater to healthcare needs of a population of 1.2 billion, India would need an additional 7 lakh doctors by 2022.
- There exists tremendous scope for establishing new medical institutes for producing world class doctors, nurses and paramedics.
- Private players are encouraged to set up medical institutions and the clause to permit medical colleges as commercial venture is under consideration
- India is known for its high quality medical standards and a large number of Indian doctors are practising in other countries
- Medical tourism in the country is projected to grow to $7-8 billion by 2020 from the existing US$3 billion.
REASONS TO INVEST
- Indian doctors are world renowned in their expertise and have high reputation in US, Canada, Australia, New Zealand, UK and other European nations.
- India has a demographic dividend in terms of a high share of young population
- Medicine as a profession commands tremendous respect in Indian society and a large number of youth aspire to become doctors, highlighting the tremendous demand for medical institutes in the country
- There is an existing gap in number of doctors to cater to the healthcare needs of the country. The current doctor: patient ratio of 1:1681 is below WHO recommended figure of 1:1000. Thus India needs about 7 lakh doctors by 2022 in order to meet WHO standards. Number of Medical Colleges need to be increased from present 439 and the government recognises the crucial role of the private sector in this regard.
- The regional distribution of medical colleges needs to be corrected. A large proportion of medical seats are currently being offered by institutes in the southern part of the country. However, there needs to be a substantial increase in number of medical seats in the East, North and North East.
- India also has rich source of alternate health therapies like AYUSH (Ayurveda, Yoga, Unnani, Siddha & Homeopathy)
- India is becoming a global hub of medical tourism owing to the availability of high quality medical facilities at lower costs. Medical tourism in the country is projected to grow to $7-8 billion by 2020 from the current US$3 billion.
- Number of reformative measures have been undertaken in recent years
- NEET – A common entrance test for all medical colleges at UG and PG level
- Online application & approval system for medical colleges
- Private investment in medical education is fully allowed [Including 100% FDI]
- Companies being permitted to set up Medical Colleges as commercial venture under consideration.
- PPP (Public Private Partnership) is also being encouraged
- Current doctor population ratio is 1:1681 against WHO norms of 1:1000
- 9.59 lakh doctors registered as per Indian Medical Register
- Total 439 Medical Colleges in the country out of which 212 in Govt. and 227 in Private Sector
- Total 59,883 MBBS seats of which 30,790 are in the Private sector
- Total of 26,390 PG seats in the country, thus a considerable shortfall in PG seats
KEY GROWTH DRIVERS
- Increased healthcare insurance coverage in the country
- Tax holiday for longer period (esp. in view of long gestation period of hospitals)
- Loans on concessional basis. Education is classified under priority sector eligible for priority sector lending rules under the RBI
- Setting up medical colleges as a commercial venture is under consideration
- 100% FDI under automatic route is allowed in Education sector
- Single window clearance introduced for benefit of investors
- Making Medical Education affordable and broad based to suit the needs of the country
- Step by step guide for establishing new medical institutes is basis the Establishment of Medical College Regulations, 1999 under MCI Act, 1956
- Medical Council of India (MCI) is the statutory body to regulate medical education in India. It conducts periodic inspections to assess whether the colleges fulfil the minimum requirements for approval following a transparent process.
- Medical colleges are permitted to be set up in a phased manner. These requirements are indicated for a period of time (around five years) from when the college attains recognition.
- Norms/requirement for medical colleges are being rationalized to bring down the cost of establishment and running of medical colleges.
- Feasibility to set up medical colleges in two pieces of land has been introduced
- The application for establishment of Medical colleges and the various stages of permissions before the grant of approval by the Central Govt follow a strict time schedule.
- Under PPP framework with any hospital of requisite capacity
- Upgradation of District Hospitals to Medical Colleges
TOP PRIVATE PLAYERS
- Apollo Hospitals
- Christian Medical College, Vellore
- Father Mullers Institue of Medical Education and Research, Mangalore
- Manipal Academy of Higher Education (Kasturba Medical College, Mangalore & Manipal)
- St. Johns Medical College, Bangalore
- Bharati Vidyapeeth Deemed University Medical College & Hospital, Sangli & Pune
- Padmashree Dr. D.Y.Patil Medical College, Navi Mumbai & Pune
- SRM University (SRM Medical College Hospital & Research Centre, Kancheepuram)
- Sharda University, Greater Noida (School of Medical Sciences & Research, Greater Noida)