Pathology could be the next big thing in outsourcing to India. SRL Ranbaxy has completed trial runs with a private hospital in the UK and has projected that 40 per cent of this work could be outsourced to India. |
The firm has also completed a trial with a Saudi Arabia based hospital. |
Shivinder Mohan Singh of SRL Ranbaxy today said India could provide pathology services 30 to 50 per cent cheaper. |
UK's National Health Scheme (NHS) spends 2.5 billion pounds on pathology every year. There are three accredited pathology laboratories that carry out tests in India. |
India is already being projected as a destination for patients seeking quick and inexpensive health care, given the waiting periods in British hospitals. This was relevant to surgical procedures in particular, he added. |
Former UK health minister Margaret Jay said IT was already playing a major role in tele-medicine where pathology samples were sent from remote areas to cities for analysis. |
"This could be extended to India given its lower laboratory costs and the results could be emailed back", she said. |
She was speaking at a meeting organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) on `Healthcare in United Kingdom: Outsourcing Opportunities from India'. |
She confirmed that certain trial arrangements were already in place between private British hospitals and Indian companies. Singh added that India is already a known commodity in the area of doctors and paramedical staff. Blood samples moving across boundaries could be the next possible area. |
Interestingly, nearly 15 per cent of the laboratory technicians working in the research and development facilities of multinational pharmaceutical firms were of Indian origin, Jay said. |
According to a study on the Indian healthcare industry by SKP Crossborder Consulting, the Rs 4,000 crore diagnostics and pathology laboratory testing business is growing at a compounded annual growth rate of 20 per cent. |
While the industry has around 20,000 laboratories, only few prominent ones have any international accreditation inspiring international confidence. |
The industry however, could underline quality control standards here. To import blood samples for testing purposes, laboratory testing companies have to acquire a licence from the Drug Controller General of India, in addition to approval from the Director General of Foreign Trade. |