Dr. Narayanan Kutty Warrier 

MVR Cancer Centre & Research Institute

 

Very unlikely. From our previous experience, what we have seen is that these private equity firms are looking for maximum profit, like 25–40 percent, so that they can exit early. This will result in a hike in prices literally in all healthcare-related services.

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There will be a paradigm shift in healthcare. These private equity managers are generally not from the health sector, resulting in a loss of empathy and sympathy in healthcare operations. As a result, the public views these institutions as money-making places, and trust between healthcare professionals and patients will be lost.

This will result in an increase in the cost of treatment, a loss of personalized care, and will end in more litigation.

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The lives of healthcare employees will be affected because these fund houses are large conglomerates and are in a better bargaining position. This will force healthcare professionals to compromise on their compensation and be forced to engage in many unethical practices. They will also be forced to work extra hours. Many of these fund houses are eyeing insurance and will certainly try to acquire insurance firms to strengthen their position in the health sector. This will further force healthcare professionals to cut their fees and compensation.