Global Hospitals group founder Ravindranath Kancherla, a health care provider and philanthropist on Wednesday pledged ₹350 crores, 70% of his wealth, to construct a not-for-profit medical training, analysis and innovation institute within the metropolis.
He has christened the challenge Global HealthTech University & Innovation Hub (GHUIH) .
According to an announcement, GHUIH will likely be a not-for-profit firm with important funding which can democratise medical care by way of health-tech innovation. It will assist safe a number one place for Hyderabad and India on the worldwide innovation map, the assertion added
Elaborating on the challenge, Dr Kancherla mentioned, “GHUIH is being established in Hyderabad to provide a new model for sustainable development of medical infrastructure, which helps the global population by building infrastructure on a philanthropic model. It also contributes in reducing the load on the governments, reducing the cost of intervention through innovation thus striving towards providing health security for all.”
“This institution is the first-of-its-kind in India, and there are very few across the world. I have pledged 70 per cent of my wealth for this cause and have appointed executors for my registered will to ensure the project goes on stream without any eventuality,” the 65-year-old gastroenterologist added.
Work on the constructing is predicted to start by the top of this 12 months.
The medical college, which can embrace a 750-1,000 mattress and a health-tech innovation hub, might have at the least $100 million of capital over the subsequent seven years in the direction of medical expertise infrastructure and human sources. While Dr Kancherla has pledged 70% his wealth to determine the Global Health Foundation, the rest is predicted to come back from different philanthropists.
Explaining the necessity for the challenge, Dr . Kancherla mentioned, “According to a leading analyst firm report, the United States has 2.672 doctors per 1,000 people and 3.1 hospital beds per 1,000 people. As against this, India has a mere 0.599 doctors and 0.9 hospital beds per 1,000 people. Going by these numbers, India would need almost 2.4 million new doctors and over 2 million additional hospital beds to reach the global standards. To achieve world-class and affordable healthcare, the focus needs to be on talent creation through quality medical education by building a world-class medical university to train doctors, nurses, and technical staff in future technologies.”