Apollo Hospitals Enterprises
BSE: 508869 | NSE: APOLLOHOSP | ISIN: INE437A01016 | Hospitals & Medical Services
- Directors Report
- Chairman's Speech
- Auditors Report
- Notes To Accounts
- Accounting Policy
- Finished Products
- Raw Materials
| Chairman's Speech | Year : Mar '07 |
Dear Members As we enter our twenty fifth year, I took time off to draw up a balance sheet of our achievements. Not just in terms of numbers, which has of course been growing year after year and which has made Apollo Hospitals, India's most valuable healthcare company, but more in terms of innovations and initiatives which result directly in improving the quality and delivery of healthcare. It reminds me of the Rubik Cube, where through a series of well thought out moves one attempts to bring a visible symmetry in a system which to begin with, seems to be in a state of disarray and filled with apparently unrelated elements. The trick lies in aligning individual pieces, without losing sight of every link it has and the effect each piece can have on every other piece. It gives me immense satisfaction to note that at Apollo Hospitals we have achieved a perfect orchestration of all the inputs. While we have created assets in every relevant field - technological, infrastructural, human and intellectual resources - we have also made sure that we have blended these and got results far more effective than what a simple sum of the individual constituents would have delivered. For example a judicial combination of our prowess in technology and manpower helped us maintain the highest standards. This in turn helped in four of our hospitals being awarded the JCI accreditation, giving us the distinction of being the only such hospital group in Asia. And more importantly, this recognition is actually acting as a powerful motivator for all our employees. A potent blend of two strong emotions, pride and responsibility that is perceptibly building a sense of ownership and loyalty. For the patients this has meant a demonstrable improvement in clinical outcome and safety. Very gratifyingly, this is true of the other hospitals too in our group which are not yet JCI accredited. All our new projects, for example the Bangalore hospital are designed keeping JCI compliance in mind. JCI accreditation also means an assurance of international clinical standards and patient safety. And acceptance by overseas health insurance providers This has opened up enormous opportunities for us in terms of patients from other countries coming to Apollo Hospitals for advanced treatments. Many of our initiatives have been influenced by critical needs that have developed in the society. Several disease patterns are changing, affecting larger number of people and that too in populations hitherto considered safe. For instance, incidence of chest pain has grown alarmingly and many cases turn serious, as often timely medical help is not available. Apollo Hospitals' initiative in this area is indeed ambitious. It involves setting up a chain of Chest Pain Clinics all over the country. In the first year itself we are planning about 100 clinics, some in association with partner hospitals. Making sure that the best of attention is available at a clinic close enough to render immediate assistance. The Health City, inaugurated few weeks back at Hyderabad is a first of the kind in Asia. Graduating from a hospital complex to a self contained health city. With centres of excellence in every medical discipline. Encompassing world class infrastructure to address every healthcare need from diagnosis to treatment to rehabilitation. And providing facilities for advanced research and education. This apart the Health City will also offer alternative and complementary medicine like ayurveda and homeopathy. In short a city designed to cover the entire healthcare spectrum. The standards that we maintain, the outcomes that we have achieved, the technologies that we use have all placed Apollo Hospitals among the most respected hospital groups. And our consultants are world renowned, acknowledged as experts and respected as fine doctors. Capable of adopting and adapting the latest and best technologies and demonstrating their dedication through clinical outcomes matching global standards. Honours have been heaped upon them. This year too, a few of my colleagues have joined our long roll of National Awardees. Proving once again what I always believe in do your duty and the fruits will follow. Medical insurance is one area where though there is some development, India has a long way to go. The situation is quite poignant with, on the one hand, the penetration of insurance being very low and, on the other, the cost of quality treatment not being affordable for most people. The answer very obviously is preventive health checks, which help in two ways, avoiding the high cost of treatment at later stages and preventing the likely complications, if timely treatment is not provided. And here, your Company has done yeoman work. The concept of health check packages pioneered by us continues to be one of our major focus areas and has also become the standard that numerous hospitals across the country follow. At the same time, we also have plans to promote health insurance in association with some leaders in the field. You will be happy to know that your Company continued its efforts in social causes. SACH (Save A Child's Heart) did exemplary work in screening and treating several children with congenital heart diseases. And so did SAHI, bringing succour to numerous patients with hearing impairment. Among the several reasons for Apollo Hospitals' success are two that are of paramount importance. One, the support and encouragement I have consistently received from all of you. And two, the unstinted efforts of every employee in our Group. Not sheer compliance with the duties assigned, but going beyond and driven by a passion to excel. It is these elements of individual expertise that have made Apollo Hospitals a giant edifice of excellence. Positioning us firmly as the most valuable healthcare company in the country. Even as I look back at the last twenty five years with contentment, I am sure that the path and pace we have set for ourselves will see Apollo Hospitals climbing even greater heights in the next twenty five years. Dr. Prathap C Reddy |
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| Source : Religare Technova | |
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