How IFC and Odisha are improving health infrastructure in India
In an attempt to improve health infrastructure under a public-private partnership (PPP) model, the International Finance Corporation (IFC) has partnered with the Odisha government to develop up to 12 specialty hospitals in India.
The Odisha Affordable Healthcare Project intends to establish each hospital with 50-200 beds. At full capacity, the project will increase the number of beds in the state by eight percent while also improving the availability of private beds by 15 percent.
It is the first major and systematic roll-out of hospitals under the PPP model in the nation, and the project is expected to attract private investments of between $30-50 million.
"The Odisha government has taken a lead in developing practical and larger-impact models involving private-sector partnerships to provide critically-needed health infrastructure,” said Odisha principal secretary of health and family welfare, Arti Ahuja. “This project will create affordable healthcare facilities on a decentralized model.
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“It will provide cost-effective, quality, and efficient healthcare services to ensure better health outcomes, especially for the economically disadvantaged.
IFC is the investment subsidiary of the World Bank Group, which is an international financial institution that provides loans to developing countries for capital programs. As the lead transaction advisor, IFC will structure the rollout of low-cost hospitals that will offer quality medical care at reasonable prices to residents.
As the lead transaction advisor, IFC would structure the rollout of low-cost hospitals that would offer quality medical care at affordable prices to residents, especially those living in smaller towns and rural areas.
“IFC and Odisha government have partnered to improve health infrastructure on a public-private partnership model,” said the World Bank group firm in a statement.
Dubai's new smart neuro spinal hospital: need to know
We take a look at Dubai's new smart hospital.
What: The Neuro Spinal Hospital and Radiosurgery Centre is a new hospital featuring state-of-the-art technology for spinal, neurosurgical, neurological, orthopaedic, radiosurgery and cancer treatments. The 700 million AED hospital, (equivalent to £138 million), has 114 beds, smart patient rooms, and green spaces for patient rehabilitation, and is four times the capacity of its former premises in Jumeirah. It is also the UAE’s first hospital to have surgical robots.
Where: The hospital is located in the Dubai Science Park. Founded in 2005, Dubai Science Park is home to more than 350 companies from multinational corporations in life sciences, biotechnology and research; over 4,000 people work here each day.
Who: The UAE's Neuro Spinal Hospital and Radiosurgery Centre was first established in Jumeirah in 2002 by Dr. Abdul Karim Msaddi, as the first as the first "super-specialty" neuroscience hospital.
Why: With advanced diagnosis and robotics, the hospital will provide care across neuroscience, spine, orthopaedics and oncology for people residing in the UAE, as well as international patients.
Prof. Abdul Karim Msaddi, Chairman and Medical Director of the hospital, said: “We are proud to bring world-class healthcare services to Dubai and believe our next-generation hospital will be a game-changer for the emirate’s and the region’s medical industry.
"It will not only significantly increase the availability of specialist neuroscience and radiosurgery treatments and provide better patient care but help attract and develop local and international talent. Investing in the new centre represents our continued faith in the resilience of the region’s economy, as well as a testament to our ongoing drive towards healthcare innovation in the UAE.”