Post Demonetization Update: Government Hospitals & Upsurge

How will fiscal India look on 2017-18?
The Black Money, Demonetization & India
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Demonetization was highly obligatory in the present scenario, but such a wide scale enactment shouldn’t make it any worse for thecommon man, however considering the population figure, a little hardship was inevitable. But the authorities carefully made each step in order to eliminate as many adversities as possible. That’s why you were able to pay old denominations at Hospitals, Airports, and Petrol Bunks in the initial days of theannouncement. But this trend had an unforeseen outcome, especially at hospitals and other medical facilities.

Anticipated the public reaction, state governments revised and introduced many changes in the hospital administration in order to rule out the public worries. All government health care and medical facilities were asked to accept old denominations for a specific period of time, and even some hospitals even prepped for cashless transactions employing various e-payment option, like POS and PayTm. Tallying the aftermath, hospitals were least affected by demonetization, apparently. However, the private facilities associated with hospitals gave a hard time for patients and caregivers. For example, retail medical shops were technically allowed to exchange banned note under State government directive in most states, but many shops refused to accept the banned currency which even broke afight in some places.

In order to keep cash crunch from affecting the medical needs, respective state governments were asked to prioritize the sector to keep a close watch. It is estimated a 50% drop in OP’s on private sector hospitals, where that number swapped right away to government hospitals. Getting cash out of the bank account was limited, however, there was no restriction in transferring the money between accounts. Private sector hospitals used this nick to compensate the downfall, accepting all sorts of payment options like demand drafts, cheques, E-transfers, credit/debit card and even e-wallet options. But the resistance thrown by some private hospitals made a wrong impression on thepublic which eventually made them avoid it, atleast for a while. But as time passes, the projected revenue drop is conspicuously declining much faster than expected, thanks to UPI and the latest BHIM App, many people are stepping out of muddle.

The abrupt surge in government hospitals arereasonable. As of now, treatment for BPL categories is free in government hospitals which tugged along with note ban made them primary reach for thecommon man. The cost of treatment might be another influence, which is comparably very less to that of theprivate sector. In the sudden wake after demonetization some state governments acquired POS machines and distributed over all major medical centers to cope with the cashlessness. But at the outset people were skeptical about using their cards. Many dread misuse and mishaps due to their ignorance which gradually took off. Media and Newspaper gave awareness regarding the card usage which indeed gave the layman confidence in using their cards for payments. Meanwhile, the diagnosis, pharmacy expense, admission etc. are free in government hospitals which indeed attracted many people to government hospitals, but this created an unforeseen beset which pestered the administration.

But, closing 60 days after note ban hospitals care climbing back, with the public sector one being the warm solace. The New Year announcement has a happy news for expectant mothers, granting 6000 rupees for basic expenses thereby reducing women~ child mortality. It would be negligent not to appreciate the Authorities, especially the hospital administration and managements. They bridged a gap which would have been life threatening for many, but fortunately, their felicitous conduct was so precisely and sensibly placed to help the public during the much needed time during the renovation of thenation!

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