Ascension Health to partner with India’s Narayan Hrudayalaya hospital for location in the Americas!
Catholic healthcare organization, Ascension Health Alliance runs the largest American faith-based nonprofit medical care system. In an unusual partnership, it is helping set up a 140-bed multi-specialty hospital on Grand Cayman Island, which will provide services such as open-heart/bypass surgery, angioplasty, heart-valve replacement, cancer treatment, bone-marrow transplant, nuclear medicine, organ transplant and orthopedics.
The partner is India’s Narayana Hrudayalaya Hospitals (NH) led by Chairman and Managing Director Dr. Devi Prasad Shetty, a cardiovascular surgeon with extensive experience in providing high-quality/low-cost healthcare at medical facilities in India. NH was rated among the 50 Most Innovative by Fast Company Magazine in a global survey. Narayana Hrudayalaya’s operations, include the world’s most prolific cardiac hospital, where the average open-heart surgery runs less than $2,000, a third or less what it costs elsewhere in India and a fraction of what it costs in the United States. The organization also offers eye, trauma, and cancer care across 14 cities in India. Shetty was honored by India’s President with the Padma Bhushan, among the top awards a civilian can receive.
“Ascension Health has been working with Dr. Shetty for two years to explore ways to adapt his success at providing high-quality healthcare at low cost,” said Anthony R. Tersigni, President and Chief Executive Officer of Ascension Health Alliance. This hospital is part of Cayman Health City, a $2 billion project vision to be built in phases over 15 years on a 200-acre site, and will include a tertiary-care hospital, an educational facility, a biotech park and an assisted living community.
While the officials are not making this claim, many expect that patients from the United States may choose to travel to the Cayman Islands to take advantage of the low cost and high quality service offered by this hospital
What this means
Innovation from India is lapping at American shores soon. Smart American companies and executives are already reaching out to India to accelerate their own success in this aspect of frugal innovation and global engineering.