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Impact of demonetisation
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Hospitalserviceprovidershavebeenbusyestablishingorstrengtheningelectronicpaymentgatewaysandonlinepayment
facilities.

AvinashOjha

Therecentdemonetisationdrivebythegovernmenthascreatedafuroreaswellasgeneratedhopes.Rightfrom
thepersonnextdoortoindividualconsumersandtradersrightuptosmall,midandlargecapcompanieshave
allfeltthetremors.Whileanalystsandeconomistsarestillformingtheiropinionandtheentireissueisbeing
debatedatalllevels,therearesomeobviousimpactswhenitcomestohealthcare.Letusexaminetheimpact
fromallquarterspatients(consumers)standpoint,hospitals(providers)standpointintheshorttermaswell
asthelongterm.

Shorttermimpactcanbefeltorassessedfromasixmonths'view,whilelongtermisclassifiedasthelasting
impactforthenextseveralyearsintheindustry.

PatientstheconsumersShorttermimpact:Hospitalsandhealthcaredeliveryunitsacrossboardhave
seenadeclineinthefootfalls.Thisiseasilyunderstandable,asforthecommonmanthelastfewdayshavebeen
devotedtounderstandingtheimpactoftheannouncement,arrangingforexchangeofmoneyandcompilingthe
cashkepthereandtheretheageoldIndianmodeofsavings.Customandsocialfabrichasensuredthat
 housewivesandseniorcitizensinthefamilyhavemaintainedaportionoftheirsavingsincashdenominations,
mostlywithinhousehold.SinceexceptinthestateofMaharashtra,onlygovernmenthospitalswerepermittedto
acceptoldcurrency

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