One endeavour that Synapse Medical Services was delighted to be part of was the appointment of our CEO, Margaret Faux, as an honorary advisor to the National Institute of Public Finance and Policy (NIPFP) in New Delhi, India.
This project was funded by the Bill & Melinda Gates Foundation with the intention of mapping the legal and administrative infrastructure of health insurance in India.
This research role involved delving deep into the complexity of the operation of all health insurance schemes, both public and private, operating across the Indian subcontinent, and Margaret was thrilled to be asked to head up a team of brilliant Indian lawyers, economists and health policy makers to map every health insurance scheme in India. The project focused specifically on the underpinning legal infrastructure and mechanisms that move health dollars and facilitate health financing transactions.
India is looking at large scale health reform as it transitions to a universal healthcare system, whilst balancing that against a budget allocation of 2.5% of GDP.
Synapse holds our India roots alongside our Australian ones in importance and were viewed as a perfect voice of reason for such a large undertaking, due to our position in the healthcare sphere. Our unique position sitting at the interface of payers, providers and patients, allows us rare vision at the transaction level of health systems where precious health dollars are spent, and we are passionate about sharing this knowledge through education and consultancy projects.
Image: Margaret Faux with Governor-General of the Commonwealth of Australia HE General Sir Peter Cosgrove, AK, MC (Retired) in Chennai in March 2018, sharing stories of successful Australian businesses like Synapse in the south of India.