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Max Healthcare Institute Limited is an Indian for-profit private hospital chain headquartered in Delhi. [4] [5] As of 2024, Max Healthcare operates 19 hospitals with more than 4,000 beds, primarily in North India.
According to Essentials of Managed Health Care, as of 2012 the chargemaster file typically included between 20,000 and 50,000 price definitions. [ 13 ] [ 14 ] The Lewin Group analyzed utilization of the chargemaster and found that a low proportion of hospitals carried out regular reviews of their chargemaster implementation. [ 15 ]
The rate of increase in both health insurance premiums and out-of-pocket costs have declined in the employer-based market. For example, premiums increased at an annual rate of 5.6% from 2000-2010, but 3.1% from 2010-2016. An estimated 155 million persons under the age 65 were covered under health insurance plans provided by their employers in 2016.
The hospital was inaugurated on 12 February 2009 by Chhabi Roy, mother of founder and chairman of the Sahara India Pariwar Subrata Roy. [6] In 2023, Max Healthcare bought this hospital for ₹940 crore. [7] [8] In April 2024 after takeover from Max Healthcare, it was renamed as Max Super Speciality Hospital, Lucknow. [9]
Niva Bupa Health Insurance was founded in 2008 as a joint venture between Max India and Bupa and started operations in 2010. [2] [3]In Jun 2011, it integrated with Insurance Regulatory and Development Authority's Integrated Grievance Management System in real-time, which made the company the first health insurance company in India to have such a system.
Consumers choose health care for a variety of reasons and not all of health services and amenities are amenable to price shopping. Researchers have defined five situations which are more suitable for effective price shopping than others. [30] The services are not complex. The need for the services is not urgent. A diagnosis has already been made.
[7] [8] Medicare and other private-insurance carriers cover a comprehensive wellness exam currently listed as part of the MDVIP package. [ 9 ] MDVIP physicians are not directly employed by the company, instead they pay a royalty or franchise fee of 1/3rd of the membership fee per patient per year for services such as patient conversion ...
The routine physical, also known as general medical examination, periodic health evaluation, annual physical, comprehensive medical exam, general health check, preventive health examination, medical check-up, or simply medical, is a physical examination performed on an asymptomatic patient for medical screening purposes.