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Unformatted text preview: IL can make a transition from being an accreditation agency to being a strategic
partner to health care organizations which will benefit from CRISIL’s unique perspective,
strategic advice and market intelligence that can maximise their bottom line results.
CRISIL’s business development advisors can work collaboratively with each client to
leverage on their achievements to create and sustain unique competitive advantages. • New Revenue Model
Providing database content and consultancy services to private equity clients (for a fee) who
wish to invest in healthcare sector.
16 • Design Rating/Grading System for Accreditation Agencies
Example: Assisting Voluntary Organizations by defining procedure for accreditation of
NGOs, mechanism of grading and suggest viable financial models for accreditation. • Performance Based Ratings
With Health insurance companies are increasingly basing reimbursement to hospitals based
on performance, performance ratings will become even more important. Challenges of Rating/ Grading • Fragmented Industry
With large number of different format healthcare providers like multi-specialty, tertiary care
and general hospitals it is an uphill task to set parameters which is standardised across the
formats and benchmark one against the other. • Measuring effectiveness of treatment
Patients may receive treatment by either suppressing or curing the ailment. With the two
modes of treatment, it is complicated to assess the effectiveness of treatment seemingly
because the duration of ailment being under control varies. • Benchmarking different Remedies
Institutions offering Ayurveda /Homeopathy/Allopathy remedy cannot be compared and
benchmarked against each other as they would differ from each other in terms of length of
patient stay, duration of treatment among other factors. Conclusion: Optimum safety and performance is cornerstone to every healthcare delivery. Accreditation is an
incentive to improve quality of care. A transparent system of evaluation and accredit...
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This document was uploaded on 01/14/2014.
- Winter '14