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Co-operative Concept for Cost-effective Healthcare in Southern India
September 17, 2007 at 1:33 PM
General Health News
The co-operative concept is made best use of by the Erode-based anesthetist Dr V Jeevanantham to set up hospitals, educational institutions, an old age home and an orphanage.
He set up the 10-bedded Erode cancer centre at a cost of Rs 3 crore early this year. Of this, Rs 15 crore was pooled from 70 people with each contributing Rs 2 lakh.
This is how he manages the funds. In the first three years the income from the hospital will be utilised for development. After that 50 percent of the income would be used for repaying the interest-free loan to the 70 contributors.
``Since the investment is not profit-motivated, we're reasonable. If Rs 30,000 -Rs 50,000 is charged for a 25 days radiation therapy in other private hospitals, a patient pays only Rs 12,000 at the cancer centre Dr Jeevanantham says.
``But there is no compromise on quality. We've latest equipment imported from China and Russia. Though cheaper when compared to German-made equipment, they are successfully tested in reputed hospitals like Christian Fellowship Hospital in Oddanchathram, he says.
``We're transparent and inform the patients what we charge for room, operation, injection etc,'' Jeevanantham pointed out.
``We're a core of about 10 persons, all friends, from different walks of life. In each project we chip in with our contribution first before turning to the public. The involvement of the public brings in accountability,'' Dr Jeevanantham says.
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