Manipal hospitals conferred “porter prize for value -based healthcare delivery” award
Bangalore, May 31, 2017: Manipal Hospitals, one of India’s leading names in the healthcare sector has been conferred the prestigious “Porter Prize for Value-Based Healthcare Delivery” by Institute for Competitiveness, India arm of the global network of institute for strategy and competitiveness at Harvard Business School. Named after Dr. Michael e. Porter, Professor at Harvard Business School, living legend and father of modern strategy, the sixth cohort of the award took place at Taj Mahal Palace, Colaba - Mumbai.
The valuebased healthcare delivery award was conferred to Manipal Hospitalsfor: “Redefining healthcare, providing an overall framework fordiagnostics, participating in building a resilient health care system, focusingon providing value to patients, not just lowering costs; free flow ofinformation, i.e., information on results and prices needed for value basedcompetition and innovation in healthcare such as enhancing patient experienceand redefining the business around medical conditions" .
Speaking onthe occasion Dr. Ajay Bakshi, MD & CEO, Manipal Hospitals said, “Itis a significant occasion for Manipal Hospitals as this prestigious award is avalidation of efforts put in by various teams across our network. We always aimto strive towards excellence and being recognized for our strategic acumenespecially by Prof. Michael e porter, the living legend of modern strategyhimself, is a moment of pride for us.”
Porter prizeholds a prestigious stand in the global scenario. As the Indian economy maturesand Indian corporates meet global rivals on the level playing field, strategywill have a definite and important role for Indian companies to becomecompetitive on the global playing field
Prof.Michael e. Porter is the Bishop William Lawrence university professor atHarvard Business School and he is a globally renowned economist, researcher,author, advisor, speaker and teacher. Throughout his career at Harvard BusinessSchool, he has brought economic theory and strategy concepts to bear on mostchallenging problems facing corporations, economies and societies, includingmarket competition, company strategy, economic development, environment andhealth care. His research has received numerous awards, and is the most citedscholar today in economics and business.