Nikhil R - E190
Nikhil R - E190
Nikhil R - E190
NMIMS Hyderabad
Name: Nikhil R
Section: C
Subject: Corporate Sustainability
2. Financial Barriers:
High Out-of-Pocket Expenditure A considerable amount of healthcare costs in India are fully
paid by the individuals and families, hence burdening them. This is especially painful for the
poor families.
Lack of Health Insurance: A considerable portion of the population, especially in remote areas
doesn't insure and as a result has to pay for expensive treatment.
4. Poor Health Education: Limited health literacy and awareness in certain communities
contribute to late-stage diagnoses and a higher burden on healthcare facilities.
5. Population Density: High population density in urban areas strains existing healthcare
facilities, leading to longer waiting times and reduced quality of care.
2. Increased Healthcare Costs for Businesses: Companies often bear the cost of providing
healthcare benefits to employees. The burden of healthcare expenses can impact a
company's financial performance, especially small and medium-sized enterprises
(SMEs).
5. Government and Policy Impact: Businesses are affected by government policies related
to healthcare. Regulatory changes, healthcare infrastructure development, and public
health programs can influence the business environment.
4. Preventive Healthcare:
While AB-PMJAY addresses financial protection for hospitalization, there is a need for greater
emphasis on preventive healthcare measures to reduce the encumbrance of diseases.
5. Urban-Rural Disparities:
Rural areas may face more challenges in terms of healthcare accessibility compared to urban
areas. Ensuring equitable distribution of healthcare facilities and resources is crucial.
2. Community Engagement:
Foster community engagement by involving local communities in the planning,
implementation, and monitoring of the program. This can enhance trust, increase participation,
and address specific needs and concerns of the communities.
The Corporate Social Responsibility (CSR) initiatives addressing Healthcare issue in the
society involves business taking voluntary actions to contribute to the well-being of the society.
In the context of Healthcare several companies in India have taken up CSR activities to address
the healthcare challenges faced by different communities of India. The below are some of the
renowned companies in India and their CSR initiatives addressing Healthcare:
1. Resource Allocation:
Limited budget: Many corporations may have budget constraints, making it challenging to
allocate significant resources to healthcare initiatives.
Competing priorities: Companies often have various CSR initiatives, and healthcare may have
to compete with other equally important causes for funding.
3. Long-term Commitment:
Commit to long-term projects that address systemic issues rather than opting for short-term
interventions. Sustainable impact in healthcare often requires consistent efforts and a
commitment to addressing root causes.
6. Technological Integration:
Embrace innovative healthcare technologies to enhance the efficiency and effectiveness of
interventions. Explore telemedicine, health information systems, and other digital solutions to
improve access to healthcare services.
References
1. https://sustainabledevelopment.un.org/content/documents/26298HLPF_2020_impact_
COVID19.pdf
2. https://www.weforum.org/agenda/2020/09/challenges-healthcare-sustainable-
development-sdg3-good-health-well-being/
3. https://www.un.org/sustainabledevelopment/health/
4. https://corporate.apollotyres.com/sustainability-and-ethics/initiatives/
5. https://www.tcs.com/who-we-are/corporate-social-responsibility
6. https://www.wbcsd.org/Programs/Redefining-Value/Reporting-
matters/Resources/RM2022
Citations
1. Fischer, F., & Carow, F. (2022). Impact of Public Health and Sustainability of Global Health
Action for Achieving SDG 3. Good Health and Well-Being, 111.
2. Wiist, W. H. (2006). Public health and the anticorporate movement: rationale and
recommendations. American Journal of Public Health, 96(8), 1370-1375.