New Delhi, November 10, 2016: “Old high denomination ban will impact the private healthcare sector for next 3 to 6 months, and the impact would be higher for home healthcare service providers and door step service providers. If we look at consumers such as patients with chronic illness and old patients, they always keep cash with them for all sorts of medical needs and usually old patients living alone always ensure they have sufficient cash for emergencies. Looking at the new limits for withdrawal it will take time for these people who rarely go to a bank to recollect sufficient cash. On the other side, 70-80% door step services in healthcare such as diagnostics or home care are paid at the time of visit in cash. These services are going to get affected by a lot of cancellation in the absence of cash according to Deepak Sahni, CEO & Founder, Healthians.com. Even once the bank gets opened everyone would like to use cash for daily needs until there is an emergency. I am afraid that medical services being part of urgency and critical category are not kept out from the ban. This also could result in the delay in treatment for many patients.”- Deepak Sahni, CEO & Founder, Healthians.com
Corporate Comm India(CCI Newswire)
