WORLD’S MOST INNOVATIVE COMPANIES 2018 INDIA RANK NO.7
Narayana Health
Narayana Health
Bangalore, India-based Narayana Health (also known as Narayana
Hrudayalaya) is a network of hospitals in India that work to provide low-cost,
high-quality care in a country with millions of impoverished citizens. For
example, Narayana’s largest and most prolific cardiac hospital does open-heart
surgery for less than $2,000, a third or less what it costs elsewhere in India
and a fraction of what it costs in the U.S. Narayana achieves these lowered
costs with high output (its flagship hospital has 20 times as many beds as the
average American hospitals) as well as negotiations and equipment bought
straight from the manufacturer. Employees are also paid in salary instead of
per operation, so the more operations, the lower the cost to the hospital. It’s
also working on avoiding intensive surgeries by beefing up its nuclear medicine
arm, which enables Narayana to detect abnormalities and analyze organ function
in a way that is time-efficient, precise, and non-invasive.
https://www.fastcompany.com/company/narayana-health
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