Public Private Partnership or PPP as it is usually called is a widely discussed topic these days. It plays a significant role in increasing access for quality healthcare by making it readily available.
Understanding its features, the Confederation of Indian Industry (CII) will be conducting a special discussion on PPP tomorrow, at Hotel Grand Hyatt, Mumbai. A PPP generally consists of a long-term collaboration between the public and the private sectors. Through this long-term collaboration, partners actively participate by bringing complimentary skills, expertise and experience leading to efficient creation and utilization of infrastructure and effective provision of public services.
The moderator of this session, Parijat Ghosh, Partner, Bain & Company India Pvt Ltd said, “PPPs can play a very significant role in increasing access to quality healthcare in an affordable manner. Both the government and the private sectors are stakeholders in making this a success.”
On asking him about how it can be termed as a beneficial idea, he says, “As an alternative to direct government capital expenditures for infrastructure projects, PPPs can assist governments in accelerating the delivery of essential services in order to promote social and economic growth in the best interests of the public and private sector.”
He further added, “By leveraging the strengths of the public and private sectors, healthcare PPPs can help governments increase a patient’s access to care, reduce costs, and deliver healthcare more efficiently.”