CAYMAN
ISLANDS (October 7, 2019)
- The parent company of Health City Cayman Islands, Narayana Health,
has been recognized as one of the world's most innovative health care
providers by Fortune magazine’s annual “Change The World” list
of companies.

While
the iconic Fortune 500 list identified the world’s richest and
largest corporations, Fortune’s “Change The World” honors
companies that recognize public health, environmental, economic, and
social problems as major challenges - but also as opportunities to
initiate a so-called virtuous circle. They understand that doing good
for society and the planet can help them bring in more revenue, which
can help them do more good, in a self-reinforcing loop.  

A
total of 52 companies from around the globe were listed and lauded by
Fortune for “using the creative tools of business to meet society’s
unmet needs". Narayana Health placed at number 33. 

The
only other hospital group included as a global game-changer was
listed at number 47. Prominent global companies Alibaba, Hilton,
eBay, JPMorgan Chase, and Patagonia were also topped by Narayana. It
was one of nine companies on the list with less than a billion
dollars in annual revenue. 

While
the smaller companies perform very profitably and are known for their
social responsibility, Fortune stressed it doesn’t score companies
on their charitable generosity, “nor does it rate them on some
cosmic scale of good and bad. It celebrates the nexus where daring
ideas overlap with the desire to make the world better.” 

World-changing
companies recognize that a narrow focus on shareholder value can hurt
a business in the long run, but, according to Fortune, “they
strengthen their businesses by investing in their employees and
bolstering the communities where they operate.”

In
addition to eliciting transformative ideas from its employees,
successful companies discussed social and environmental issues with
its communities and in its public filings. 

Dr.
Binoy Chattuparambil, Clinical Director and Chief Cardiac Surgeon at
Health City Cayman Islands was delighted to hear of the facility’s
parent company being recognized by the magazine widely regarded as
the world’s most iconic business publication.

“The
inclusion of Narayana Health on this list of innovators is entirely
fitting. The very existence of Health City Cayman Islands is evidence
of Dr. Devi Shetty’s focus on innovation and changing the way
healthcare services are delivered to patients around the globe. The
ethos of Narayana Health is very much centered on change. The idea is
that if you want to change something, you need to keep going, and to
continue progressing. Some of the individual changes will be small
ones, but they will add up to a transformation. Dr. Shetty himself
has said that ‘in healthcare you can’t do one big thing and
reduce the price. We have to do 1,000 small things’.”

Analyzing
the success of Narayana Health, Fortune said the company offered
medical care at “prices that boggle the American mind” by
“rethinking surgical care and bringing down its price tag.” For
example, open-heart surgery at NH facilities in India costs US$3,500,
while the price of an endoscopy is $14.

The
health care group, which has grown to 24 hospitals, with all but
Health City Cayman Islands located in India, makes treatment
affordable in part by being judicious with skilled workers’ time.
Fortune added that “senior surgeons swoop in for just the most
challenging part of a procedure and so perform roughly four times as
many surgeries as a U.S. doctor would.” 

In
line with its parent company’s ethos, Health City Cayman Islands’
own mission is a commitment to delivering world-class health care
that is accessible and affordable for all through innovative,
internationally staffed and recognized medical centers of
excellence. 

“Our
centers are characterized by compassionate and exceptional
experiences for patients and staff, with medical services that are
high-quality and affordable, and reflect a world culture and healing
environment that are comfortable for any guest from around the
world,” said Shomari Scott, the hospital’s director of business
development.

Read
the full story here:

https://fortune.com/change-the-world/2019/narayana-health

About
Health City Cayman Islands

Health
City Cayman Islands, the vision of renowned heart surgeon and
humanitarian Dr. Devi Shetty, is supported by Narayana Health, one of
India’s largest private healthcare systems. Health City, only the
second hospital in the Caribbean to receive the Joint Commission
International's "hospital accreditation", provides
compassionate, high-quality, affordable healthcare services in a
world-class, comfortable, patient-centered environment. Offering
healthcare to local, regional and international patients, Health City
Cayman Islands delivers excellence in adult and pediatric cardiology,
cardiac surgery, cardiac electrophysiology, medical oncology,
orthopedics, sports medicine, pediatric endocrinology,
gastrointestinal and bariatric surgery, neurology, interventional
neurology and neuro-diagnostics, neurosurgery, minimally invasive
spine surgery, gynecology, urology, pediatric allergies, colorectal
surgery, dental, sleep lab and pulmonology services.

For
further information, visit www.healthcitycaymanislands.com.

IMAGES:

Photo:
Dr. Devi Shetty

Photo:
Health City