International Journal of Management and Commerce Innovations ISSN 2348-7585 (Online) Vol. 7, Issue 2, pp: (1206-1210), Month: October 2019 - March 2020, Available at: www.researchpublish.com
SOCIAL ENTREPRENEURSHIP IN HEALTH CARE OPPORTUNITIES AND CHALLENGES Purushothama Bhat, N, Research Scholar, Bharathiyar University Coimbatore -India.
Abstract: Health care is one of the largest sector in terms of revenue and employment. It comprises hospitals, medical devices, tele-medicine, medical tourism, health insurance and medical equipment. Health care is provided by public and private institutions. As the role of government is very much limited, private sector enterprises play a major role in health care. Entrepreneurship is closely associated with Business, technology and products. Social entrepreneurs are those who combine business practices with social service with the combined motives of service and profit. Social entrepreneurs play a great role in health care development and improvement, as government and market failed to meet basic health needs. Social entrepreneurship is the key to unlock the potential in health care sector to ensure huge benefits to disadvantaged sections and underprivileged. This paper is an attempt to analyse the opportunities for social entrepreneurship in health care development and examine existing social entrepreneur models in health care delivery at global level and national level. It also throws light on some of the social entrepreneurs work in health care development. Keywords: Health Care, Community Health Workers (CHW), Social entrepreneurship, PATH.
1. INTRODUCTION Right to health is a fundamental right. Physical and mental well-being are synonymous with economic development. Six of the eight broad targets for the Millennium Development Goals and most of the Sustainable Development Goals are directly related to health. Millennium Development Goals (2015) stated that ―millions of poor people still live in poverty and hunger without access to basic services‖ such as health care, clean water, and sanitation. The new Sustainable Development Goals adopted by the United Nations for 2016-2030 aim to eradicate poverty; improve health and wellbeing; and provide access to clean water, sanitation, and affordable and clean energy. Health care is one of the largest sector in terms of revenue and employment. It comprises hospitals, medical devices, telemedicine, medical tourism, health insurance and medical equipment. Health care is provided by public and private institutions. As the role of government is very much limited, private sector enterprises play a major role in health care. To ensure ―Health for All‖ government authorities confront various challenges due to the large size of the country and diversity of its population in social-economic, regional and cultural terms. Health care in India is provided by Public authorities in parallel with private sector. Urban and rural households use private medical sector more than public sector. In India expenditure on health is mere 4 percent of GDP and 86.4 percent spend out of pocket and large segment of population lack insurance coverage (Aiyer, 2013) Health care in India is a $160 billion industry. 74% of total spend is private. We have 1.3 beds per thousand as against global average of 2.6 and WHO guideline of 3.5; we have 1.7 trained doctors and nurses per thousand against WHO guideline of 2.5; we spend only 4% of our GDP on health care as against 5.7% for low and middle-income countries (Bhatia, 2015) OBJECTIVES: 1. To analyse the role of social entrepreneurship in health sector as a tool to solve social problems 2. To analyse the working of various social entrepreneurs in health sector in India and around the globe. 3. To study the working of social entrepreneurship models in health sector.
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