In rural India, cataract led blind person’s life expectancy radically drops to two years. Aravind restores vision and thereby livelihood, by curing preventable blindness. At 0.5m surgeries each year, Aravind Eye Care does the largest number of eye surgeries in the world. 49% of these surgeries are done free or at very subsidized rates. For patients coming from camps, apart from cost of surgery, their travel cost, medicine and food expenses are also covered. Aravind charges market rates to the balance 51% paying patients and generates surplus from them by being frugal and optimizing resource utilization. We believe Aravind is India’s largest philanthropic initiative which generates its own resources and is NOT dependent on external grants. How do they do it?
ARAVIND EYE CARE
Restoring Dignity & Livelihood by Curing Blindness
Leveraging Surgeon’s Skill to the hilt
High Volumes Ensure Better Capital Cost Absorption
In-house manufacturing of high value Components
Women Empowerment In Rural Areas
(i) part of support teams for clinical as well as non-clinical work
(ii) operate rural primary eye centres which do primary screening and provide care through tele-medicine. Doctors from the base hospital connect with rural patients through video conferencing.
This has led to increased access for patients and eliminated the need to travel for 90% of patients seen in primary Centres. Besides benefiting patients, Aravind system has led to financial independence for these women and their families.
Consistent Cost reduction has created a frugal operation leading to profitability
(i) aggressively expand new hospital network such as at Chennai & Tirupathi and
(ii) Increased investment in basic research with a strong focus on improving clinical outcome on eye diseases which are curable such as Cataract and developing management strategies for challenging conditions like retinoblastoma.
Aravind, in our view, is a Role Model for :
(i) Superior clinical outcomes despite operating on large volumes. In addition to reduced surgical cost, Aravind has created growth opportunities for ophthalmic surgeons and young girls from villages in India.
(ii) Aravind was started by Dr. G. Venkataswamy (Dr. V) in 1976. Dr. V passed away in 2006, yet, Aravind continues to scale new heights due to strong succession planning and systems driven model and
(iii) Doing philanthropy on a large scale without being dependent on grants. Aravind keeps raising the bar for itself by making smart improvements in its operations on a daily basis.
Our standing ovation to Team Aravind…..
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