{"id":148788,"date":"2023-06-22T07:46:16","date_gmt":"2023-06-22T11:46:16","guid":{"rendered":"https:\/\/44.250.171.167\/?p=148788"},"modified":"2023-06-22T07:46:17","modified_gmt":"2023-06-22T11:46:17","slug":"narayana-hrudayalaya-play-on-affordability","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/narayana-hrudayalaya-play-on-affordability\/","title":{"rendered":"Narayana Hrudayalaya: Play on Affordability?"},"content":{"rendered":"\n

\u201cOur existing health insurance system operates on a fee-for-service model. It will pay you when you get sick, does nothing for you when you’re healthy and runs in the other direction if you have a preexisting disease. Large developing countries with low tax collection like ours cannot afford free universal health care on a fee for service model. So, as NH we would like to experiment with managed care where the interest of patients, payers and providers are fully aligned in an integrated manner. So, in this model care and coverage are seamlessly integrated and healthcare is delivered in a narrow network and the focus is on providing optimal levels of care and keeping your customers healthy.\u00a0 This is a logical next step in our journey to create an affordable, globally benchmarked, quality driven healthcare services model.\u00a0 So, to this effect, we’ve incorporated a new company Narayana Health Integrated Care (NHIC).\u201d<\/em><\/p>– Mr. Viren Shetty, Executive Vice Chairman in Q4FY23 Concall<\/em><\/cite><\/blockquote>\n\n\n\n

Stock Data<\/strong><\/td><\/tr>
Ticker<\/strong><\/td>NH<\/strong><\/td><\/tr>
Exchange<\/strong><\/td>NSE<\/strong><\/td><\/tr>
Industry<\/strong><\/td>HOSPITAL<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
Price Performance<\/strong><\/td><\/tr>
Last 5 Days<\/strong><\/td>-0.68%<\/strong><\/td><\/tr>
YTD<\/strong><\/td>+36.16%<\/strong><\/td><\/tr>
Last 12 Months<\/strong><\/td>+60.71%<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

*As of 22.06.2023<\/p>\n\n\n\n

Company Description:<\/strong><\/h2>\n\n\n\n

The company operates a network of hospitals and clinics across India, offering a wide range of medical services, including cardiac care, oncology, neurology, orthopedics, and organ transplantation. The organization has gained international recognition for its innovative approach to delivering high-quality and affordable healthcare.<\/p>\n\n\n\n

Organizational Structure and Business Model:<\/strong><\/p>\n\n\n\n

Narayana Hrudayalaya operates under a hub-and-spoke model, with its flagship hospital in Bengaluru serving as the hub and various satellite hospitals and clinics acting as the spokes. This model enables the company to extend its reach to underserved areas and deliver specialized care through telemedicine and tele consultation services. The organization follows a patient-centric approach, focusing on affordability, efficiency, and patient outcomes.<\/p>\n\n\n\n


Key Strengths:<\/strong><\/h2>\n\n\n\n

\u201cWe are transforming our business to offer comprehensive healthcare services by becoming more patient oriented, digitally native and operationally efficient to offer high quality health care at an affordable cost. While continuing to consolidate our operations, we would simultaneously pursue growth opportunities both in India and overseas that derive synergies from our existing operations and maximize value for all our stakeholders.\u201d<\/em><\/p>– Dr. Emmanuel Rupert, CEO & Managing Director in Q4FY23 Concall<\/em><\/cite><\/blockquote>\n\n\n\n