Bomi Bhote, CEO, Ruby Hall informs about the new facets of financing in healthcare

I have always been saying that all the finance companies finance two wheelers, four wheelers, houses, consumer items but hardly anybody finances the health of a person. All these other products depreciate with time and over the years. Health of an individual is the only product that appreciates over a period of time.

The main thing is when a person is sick and needs finance. He needs sanction within minutes. Suppose you need money for an Angioplasty, you are on the OT table. Angiography is taken and you find that you need to undergo an Angioplasty. You need not have time to go and bring your Adhaar card, being your Pan card, go to a bank and apply for a loan and get the loan sanctioned, and then disbursed. All these are not possible.

We have launched a new scheme for health finance wherein it is all preconceived, pre-approved and pre-authorized so that within ten minutes of the time you give in your details your finance gets sanctioned. The kind of medical equipments that are coming in, the kind of transmission of images that are taking place, people will soon be carrying all these data on your mobile phone where everything will be there including your medical records. Today if you are being treated by a doctor in Pune and you want to go to New York or Delhi for treatment, everything will be available for you to get access to for the best of medical care.