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For India to sustain its growth in the near future, it has to innovate. The challenge is that the development of these competencies will take time while the need is urgent. The next phase of growth will depend upon the country’s willingness and capability to innovate. Currently, quite often the western products have been copied and Indianized to meet the consumer demands.
The article published by Dr. R. K. “ravi” Pandey provides a strategy involving various sectors of economy to convert India into innovation hub. Click here to read the complete article, “Building India 2.0”.

Commoditizing to Reduce Expense, Reach Out to Wider Market, and Obtain Resources that Smaller Businesses Have Had Difficulty Accessing:   Smaller businesses have had challenge in benefiting from economy of scale.  They have lacked the resources, the know how, and the experience to reach out to global resources and global markets to  increase their revenue and reduce expenses.  Additionally, quite often they also have to purchase tools that they rarely need, hire people who they can not utilize full time, and mentor resources that the leaders do not have the experience or time for mentoring.

This presentation provides a summary view on commodization for small businesses.  The presentation is about different business functions and how they can be commotidized, what steps should be taken to make commodization work for smaller businesses, and the benefits that can be obtained.  Continue to read further for more details and also for contact information for further discussions.

Preventing Loss of Physicians' Licenses:   On the average, 3 out of every 1000 doctors are under serious investigations for wrongful acts in the USA.  People from many corners are demanding more money to investigate more, as they believe many are falling through the cracks due to lack of sufficient investigative resources.

The article discusses how cancellation of licenses is making the current healthcare crisis even worse.  It is financially burdensome to insurers, hospitals, doctors, and also the public.  Article discusses an alternative to the current approach of investigate and punish.   Continue to read to find how the article demonstrates by analogy the problem with current approach and how you can create a better solution acceptable and useful to all and save a lot of money......

Achieving Higher Performance Organization:   The purpose of a business is to provide higher and higher value to the customer at lower and lower prices. What is one-day high technology special products becomes commodity next day. In such a fast pace marketplace, businesses have to continuously innovate and improve products and operations.

The operational improvement is, albeit a continuous process, it takes higher priority in the difficult financial situations. In such as rush for cost cutting, many businesses re-engineer, which does reduce the cost at least in short tem, but its impact on the overall performance of business in long term and short term has proven to be questionable. The word re-engineering in fact became something from which companies in the late 90s wanted to disassociate with.  Continue reading to find more about how to create streamlined productive organization....

Economy Jump Start: Should Congress pass another big-budget plan to stimulate the economy? Dr. Pandey writes in Orlando Sentinel "It's all about security.  A big-budget plan is necessary to stimulate the economy. However, the question remains: Would it stimulate? Would it be sufficient?"  Continue reading this article...

A Look Back  on Six Sigma:  Six Sigma, currently purported as the magic button for solving most of the corporate ills, was started as a quality program in Motorola.  Over the time it had had some good and bad days, till Jack Welch, then chairman of GE decided to make it a corporate initiative in 1995.  Who does not want to follow GE!  A significant amount of corporations since then have adapted Six Sigma.   Continue reading this article.....

Aligning the Six Sigma Performance Metric: Many corporations and consultants have proposed and used the term process sigma also called z-score as a universal metric to measure performance of processes, products, and also company goals.  The current calculation method gives a z-score of negative infinity for a process with zero percent yield, 1.5 for a process with 50% yield, 6 for a process with 99.99966 % yield, and positive infinity for a process with 100% yield.  Continue reading this article...

Healthcare Crisis! Is it due to Monopolistic Nature of the Industry?:  We have over the years seen a rapid rise in the healthcare cost. Many have been made to believe that the industry needs to be given the freedom to compete.  We have been told that the free market will drive the quality up and cost down.  Not True!  Continue reading this article...

Healthcare Crisis Driving Bankruptcy:  79 million adults cannot pay their medical bills.  And that is not the most startling number from the latest Commonwealth Fund report. It’s that 61% of those people were insured, says Dana Blankenhorn.  Dana is a noted journalist and blogs at Zdnet.com.   Continue reading this article...

Universal Healthcare, An American Necessity:  Over the last several years, the healthcare cost has risen at a much faster rate than the GDP.  Many can not afford healthcare anymore.  Managed care introduced to reduce cost, while worked for a while, has failed to deliver the cost control.  We need healthcare for all!  I believe that it is a basic human need.  Continue reading this article...

Making Healthcare Affordable: A Preliminary Model for Globalization:  Healthcare cost over the last decade has risen at a much faster rate than inflation.  Wall Street reports in one of its article “More Scrutiny from Tripple Digit  Drug Price Hikes” that the cost of certain medicines has doubled in just last one year.  On the aggregate, the price increase has averaged over 7% per year.  Continue reading this article....

Staying Healthy on the Road:  The best way to make healthcare affordable to all is to stay healthy.  If you do not get sick, you do not need doctors; well that is a bit extreme. But, you get the point.  A major population travels to significant degree for work purposes.  The advent of new technology such as video conferencing...Continue reading this article..

Would Offshoring Healthcare Make it More Accessible and Affordable?:  It is the daily news now that the healthcare costs are too high, hospitals are over loaded, immigrants are putting strain on the healthcare cost, doctors are overpaid, insurance companies are greedy, etc.  the list goes on.
So what is the solution? Continue reading this article...

Implementing Electronic Health Records (EHR) Successfully:  For several years now, Electronic Medical Records (EMR) or Electronic Health Records (EHRs) have been considered to be a must for improving healthcare performance or healthcare transformation.  It is expected to have direct impact on cost, quality and speed.  Continue reading this article...

Can Healthcare be Fixed!:  The cost of healthcare is rising and inspite of methods such as Six Sigma, Lean, Design for Six Sigma for process improvements, there does not seem to be any control on the cost.  Rising cost of healthcare has made us all learn about the economics of healthcare.  We as well as the health policy experts  Continue reading this article...

Do Cell Phones Cause Brain Cancer?:  No one has the scientific proof to accept or deny.  Many studies conducted over the years in the USA as well as in the European countries have found no direct link.  However, today a noted scientist Dr. Ronald Herberman, director of the University of Pittsburgh Cancer Institute has suggested to his colleagues to limit their cell phones.  Continue reading this article....

Stakeholders' Views on Transforming Healthcare into Patientcare:  Use business transformation methods such as Lean Six Sigma with Change Management tools to redesign Healthcare into a Patientcare.  On June 17th, Dr. R.K. “ravi” Pandey posed a very abstract question to the readers whether patientcare and healthcare are the same in the article titled  “Does Healthcare Equals Patientcare?”.   Continue reading this article....

Lean Six Sigma Provides  Cure to Healthcare Equipment Shortage:  One of the recent need in healthcare industry has been towards a rapid turnaround in diagnostic results.  New medical equipments are coming out with the claims of faster cycle time and improving healthcare productivity.  While these new equipments do reduce the time a person spends on an equipment, it does not, however, mean that the equipment is.....Continue reading this article..

Pay for Performance (P4P) in Healthcare:  Results! Results!! and Results!!! That is our business mantra.  We are a performance-based society or that is what we like to believe.  Then you would wonder why this system of pay for performance has not been applied yet to the healthcare industry. Or May be it has not been successfully applied yet!

Would it work in healthcare?  Continue reading this article.....

Who is Getting Richer with Your Money and Your Health:  During a short trip to Chicago, I asked a taxi driver about his personal view on health insurance companies in the USA. His answer was very short, “I can not afford to pay $500/month for my family (wife and four kids)”. Continue reading this article...

How Many More Physicians Do We Really Need?:  A lot more, if you were to pay attention to media reports.  Over the last few years, all across Canada, there has been much writing and talk about shortages of family MDs.  The College of Family Physicians of Canada says that there are about 4 millions Canadians without a family doctor.  Continue reading this article...

What are Your Willing to Pay for Healthcare Bureaucracy?:  What do you think of the current cost of health insurance?  How do you feel it has changed over time?  How has coverage changed over the decades for you?   Are you upset and feel helpless?   You are not alone in that.   Continue reading this article.....

Does Healthcare Equals Patientcare:  There are three major players in the healthcare business: doctors, hospitals, and insurance companies” said an executive from a major hospital chain to me a few weeks back.  Continue reading this article.

 

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