Improved regulatory and fiscal support measures expected to encourage wind energy demand, but several constraints remain   GDP Growth, Q1FY11: Pace of Growth Accelerates to 8.8%   Indian Port Sector: Key Trends and Credit Challenges   ABS Pools Rated by ICRA:- Summary Update On Performance till June 2010   Cut and Polished Diamond: Credit outlook seen stabilising on the back of increasing volumes and realisations  
     
 
 
 
 
Grading of Healthcare Institutions

Currently, India faces a wide gap between the demand for, and supply of, healthcare services. With private/voluntary sector participation in healthcare increasing and health insurance gaining in popularity, the healthcare industry in the country is undergoing a transformation. This transformation is likely to usher in a healthcare market that is starkly different from what we see today. The emerging picture calls for enhancements in quality and productivity, among other things. Keeping such changes in view, ICRA has developed a unique methodology for Grading healthcare institutions. ICRA’s Healthcare Grading serves as an objective indicator, and is a symbolic representation, of an institution’s capability to deliver quality care.

ICRA’s Healthcare Grading is designed to evaluate the two most important dimensions of care, viz. technical and interpersonal care. A healthcare institution with a higher Grading would have relatively better care infrastructure and processes than those Graded lower. While evaluating a healthcare institution ICRA looks into a host of factors such as availability of infrastructure, equipment, manpower, systems and clinical algorithms, all from the user’s point of view. The evaluation of these core factors involves a review of the institution’s resources, processes and outcome to determine its capability to deliver care. The focus of the evaluation is on the quantitative adequacy (number), technical adequacy (type) and availability (distribution) of core resources. Additionally, the methodology involves incorporating the feedback of facility users to capture the quality of the interpersonal aspects of care.

ICRA’s Healthcare Grading is designed to benefit both the provider and the user in the following ways:

- It can be used as a positioning and assessment tool by the healthcare facility.
- It can be used to define the complexity and intensity of care provided.
- It can be used to bridge the knowledge gap between the healthcare facility and the patient’s
  expectations.

The ICRA Healthcare Grading Scale is as follows:

H1   The Institution has resources and processes consistent with those required
       for 
delivering the highest quality of care.

H2   The Institution has resources and processes consistent with those required for delivering
       a high
 quality of care.

H3   The Institution has resources and processes that can deliver moderate quality of care.

H4   The Institution has resources and processes delivering low quality of care.