Dr Shetty’s goal is to offer as many surgeries as possible, without compromising on quality. To do that, he ensures that his surgeons do only the most complex procedures; an army of other workers do everything else. The result is surgeries that cost less than $2,000 each, about one-fifteenth as much as a similar procedure in America.
Monday, June 4, 2012
What happens as the price of physicians rises?
in India, where there are fewer physicians than in the United States, and thus a higher marginal cost, hospitals are shifting towards cheaper inputs: