Business to the Buddha

Tag: healthcare

  • Gratitude – clap your hands

    A few weeks back I had a chance to meet an Art of Living faculty. During his discussion with us, he said to be grateful. Be grateful to what you have and life will be full of abundance. There were wonderful examples and stories he shared with us. It was fascinating to listen to him. I remembered this discussion on gratitude and Prime Minister Mr. Modi’s suggestions for clapping and applauding many unknown people in healthcare or essential services sector who are selflessly working day in and day out. Show your gratitude – clap your hands.

    Have you ever thought of those who pick up your dustbean everyday morning. The sweeper, the cleaner or for that matter the car washing young man of your society. Many of us may not even know the names of these people whom we pass-by every morning. However, bad is the status of cleaning in Mumbai – compared to Indore, my home town – but it works at its own level of efficiency. Is not it? Should not I be grateful to this cleaning system too? Yes there is room for improvement, yet grateful to the existing levels of cleaning.

    http://business2buddha.com/2015/07/12/gratitude-by-coincidence/

    Gratitude – an example

    Last week, I went for a haircut to a nearby saloon with my father. Since, I was with him, it was nearby and finding parking was difficult I took two wheeler. While returning, my hair were oily, we lived nearby so I took it for granted and did not wear helmet. Murphy’s law kicked in. Police was challaning, I was charged INR 500/- (roughly $70) for not wearing helmet.

    This is another story that I paid the challan outstanding within 15 mins on Mumbai Traffic Police App, ICICI Bank has cut the amount from my account and yet Mumbai Traffic Police App shows the challan is unpaid. On a lighter note a lesson – do not use the app to make challan payment.

    Coming back to the story, I told the police sir I live nearby – literally 300 meters from here, I am coming after a haircut and my hair are oily. So I did not wear the helmet, it is in my dickey. He replied – it is for your safety, you should have worn it. He didnt budge, completed the process. I asked now can I go without helmet it is just 300 meter! He replied what is more important – your head, you and your fathers safety or helmet getting oily? You can go you be a better judge, no one is ahead to cut another challan for you.

    http://business2buddha.com/2018/02/06/driving-in-india/

    I was upset, my father told me he was right. My father always wear helmet (it was even when there was no one wearing it about two decades back). He continued – you should have worn helmet. I made payment on the app instantly and gave it a thought later on. That policeman was not wrong, he was doing his duty, he could have done his job and let me go. However he was kind enough to politely remind me – what is more important “your safety”. This lesson costed me 500 rupees. Though I am rarely that careless, in last 24 years challaned second time. Once for stopping ahead of stop line on signal which where stop-line was barely visible. I felt bad but grateful later on for the policeman – I even wonder if I would see him back in life (I would not want to too :)). Small cautious act can go a long way. In current times it is home quarantine during Coronavirus spread. This small act of individuals can go a long way for the whole society.

    Gratitude – clap your hands – be grateful to the unknown

    Gratitude

    Today is the day when we have to be grateful to the healthcare and essential services professionals. Prime Minister Mr. Modi has said that we have to clap for these people whom we have not seen, not known. They are doing their best to help us fight the biggest challenge our generation is seeing. The graveness of Coronavirus cannot be ignored – especially when there is no known vaccine or medication for that. It is immaterial whether we are sick or healthy, rich or poor, youngster or senior citizen. We must be thankful to these professionals.

    We miss-out on thinking about so many people working on so many things on a daily basis. Some are directly associated with us many are not – be it the local trains of Mumbai or bus or Metro trains services across many cities. If you work in a stockbroking company, you may be taking a local train to the office. Your boss or the owner of the company is not. But to come to work in the owner’s company the employee needs to take the local train. Unknowingly or indirectly the local train driver is adding value to the stockbroking company’s owner. Many a time’s people do not consider this list for gratitude.

    Be grateful

    There is a good amount of research on this – check Harvard articles. Gratitude is a virtue, one must inculcate it. You are alive, be happy about it. Someone told me a couple of days back, you woke up you are fortunate, respect that you have got time and today to live. Especially we must be happy, restrained and grateful at this tough time when the world is facing the pandemic of Coronavirus.

    Be happy today; be grateful for so many known and unknown people and things in your life. Take care and do not forget to Show your gratitude – clap your hands on 22nd March 2020 at 5 PM for 5 minutes.

  • Coronavirus – Lock down? Stop and introspects

    Coronavirus has put many people across the world in a lock down situation. Many cities in Europe, China and US are standstill. In India also, some states govt or cities authorities have closed malls, cinema halls, schools etc. Who have got the luxury for them, it is a great time to sit at home to stop and introspect. People should not become couch potato at home and watch Netflix / Youtube day in and day out. This is a time to sit and introspect, what I did and what is my take? Here it is.

    Phylogenetic analysis of Coronavirus

    Introspection

    I started off with asking a question to myself – have we become dinosaurs of current times? Animals evolve, even the virus evolves check this last para of CDC website on Coronavirus – “…coronaviruses … can evolve….” This research by The Lancet states the virus has evolved and closely related – 88% – to two bat derived virus. Imagine how fast the virus is evolving from 2002 to now. It is an amazement that the tiniest virus evolves. How about human beings? How are we evolving? We’ve improved our healthcare system from outside, is this healthcare restricting us from developing our inherent immunity that has been there in every organism naturally? If your belief system does not allow you to accept the theory of evolution be it. However, this evolution is evident scientifically and being researched and discussed on the science fraternity widely.

    Dinosaur’s extinct one fine day, we are still struggling to hypothesize how this happened? Is it a possibility that something like Coronavirus happened with them too? I do not intend to scare with conspiracy of dooms day. My thoughts are still on introspection, we have developed a lot of technologies. Example is mobile phone, I have a 6 GB RAM mobile, I hardly require such configuration, My father has a smartphone too, he only accesses calling feature and one fitness app. Our technologies have grown multi-fold; many of us we do not even know how to use these. During this lock-down of cities, people are going to waste time on entertainment and create havoc on social media. Instead, we must spend this time with self sitting silently. It could be above conspiracy theories war, economy, healthcare and evolution.

    Conclusion

    I introspect on evolution and meditation. We spend time on how we can remain fit. Here is an interesting research done by Oslo University on a Breathing technique (Sudarshan Kriya) taught in Art of living courses. The research says Yoga Changes your Genes (Oslo university, Norway) and improve your immune system. Until the natural selection helps human beings evolve, practice Yoga and meditation it will help you – as the research states that “…changes in 111 genes expression patterns were observed, improving immune system…”.

    I leave you with this thought – stop, meditate and introspect.

    Image Source – The Lancet “Phylogenetic analysis of Coronavirus”

    Disclaimer – I am associated with the Art of Living foundation and practicing Yoga, Meditation and Sudarshan Kriya from 2004 onward.

    Related other blogs –

    http://business2buddha.com/2013/07/06/yoga-secular-or-not/
    http://business2buddha.com/2019/04/06/the-observer/

  • Profit based healthcare







    Every business or industry remains in business if and only if it provides some solution to the society. Isn’t it? Guns and grenades are there for providing security to borders of country, however bad it sounds when some mad-man opens fire injuring or killing innocent people but the industry and its prime motive remains. Healthcare is a similar industry which tries to save – as against the concept of weapon manufacturing industry – lives.

    “Profit based healthcare” is interesting point to ponder upon. There is a saying in Hindi – “Ghoda agar ghaas se dosti karega to khayega kya?” I dont know the exact idiom for this in English, but we may say – “deer and tiger can not walk together” or “what will a tiger eat, if it befriends a lamb?” It is interesting to write on healthcare and profits. It is a perfect conflict. It is fine to have profit when doing business, that profit makes one live life comfortably. The point of a moral dilemma is – how much is too much? What should one select social good vs individual benefits? Social requirement vs greed! If there is no possibility of profit, would anyone consider getting into this industry? Would the industry survive? If this industry does not survive can we as human survive? Effectively, it is a circular logic and therefore a dilemma too.

    health-is-wealthBefore getting into these questions let us first know healthcare and profits a bit. Healthcare is defined as maintenance or improvement of health of human being. This could be done by any means right from diagnosis to treatment. Healthcare involves health professionals and other health related professionals include – pharmacists, medicine producing companies and insurance companies – in some ways specially where cost of healthcare insurance is a huge business. Profit is excess over the revenue or the money a firm / individual saves after all the expenses incurred to generate some revenue.

    As per some data healthcare industry is one of the fastest growing covering as much as 10% of GDPs of developed countries! At the same time healthcare is a basic necessity. The 10% of GDP and industry growth rate makes healthcare a lucrative business instead of a social / welfare work. No question on running a business successfully and making money, no one can  argue on that, but making a hotel out of a hospital (many large private hospitals in India), charging exorbitant fees, prescribing expensive (or a preferred brand) medicine are the questions one may ask on expensive healthcare and thus making healthcare more of profit based curse on society than a basic necessity.

    Last month, one of my family member underwent an operation, insurance cover helped us to a large extent. Currently, also I am writing this blog post sitting in hospital. Insurance is another thing which is good but again at times makes healthcare expensive. Though, health insurance is good to have in India. India also happens to be relatively cheaper compared to developed world.

    In India another difference is that Doctor’s write brand name of medicine which makes Doctors as primary customers of pharma companies a news here (Doctor’s junket). There is a different turf on which the pharma world is contesting in India that is IPR a much talked about case in India Novartis Vs Union of India WSJ news. Recently, couple of doctors were imprisoned in Mumbai for running a kidney racket (Hiranandani Hospital Powai). Is it what we call healthcare? Nope that is criminal or only profiteering there is no health “care” in that. But if we are talking about expensive healthcare, there has to be a discussion on how much is too much?

    I have only understood these concepts for live and profession – moderation, balance and compassion, what have you? Check Ramana uncleji’s and Shackman uncleji’s opinion on Profit based Healthcare on their blogs.

    http://business2buddha.com/2012/12/03/for-profit-businesses/

    http://business2buddha.com/2013/06/25/marginal-analysis/

    Image source unknown.

  • Interdependence and insurance







    As it had been for last 10 years, this February also, I abhorred writing a fat cheque to my insurance company. I hated the agent who had sold me those policies and almost made a fool out of me. Yes I always felt that he duped / robbed me by selling these policies and just for the sake of saving taxes I had to pay so much as premium. I never wanted to learn from my MBA class of financial accounting on managing risks.

    Social SupportNot just that, I have received N number of calls from so called WHO, which asks for funding heart, eye, kidney etc surgery of a baby boy or a girl. These calls have always been met with a cold no, or suggesting that I have assisted in other such causes or “I am a DND registered customer why are you calling me?” These calls sound spurious so there are interesting crowd funding support system such as – Watsi, Ketto Milaap etc.

    Recently, one of my family member had to be admitted to hospital and undergo a surgery. Thankfully, this person was covered under insurance. I realized the value of insurance. I revisited the concepts of insurance. Insurance is distribution and transfer of risk. In our case, we had been paying premium for last couple of years (during this time it looks as if the amount is gone in vain). Eventually, we needed this risk manager to take charge.

    What insurance companies do is pooling and redistributing of risks. It sounds very weird. What pooling of risk means is going to many people covering them under insurance at a premium by charging some money. This premium amount is invested in different investment instruments. Whenever someone amoungst the insured faces the risk (under which the insured is covered), insurance company pays the amount as per their terms – this is called as redistribution.

    I am healthy, so for me it is a “cost” I know I wont fall sick and I am also sure that I wont die sooner, so why pay this premium and get covered for something that is not going to happen to me? This is the point young people ask themselves. But you never know when you need such assistance. There are circumstances when you may need such help. I drive safe, what is the guarantee the other person wont jump signal and bang my vehicle?

    I am not trying to sell any insurance. I am here to explain a very interesting concept that we all do support each other when we buy an insurance. If I do not and would not need that money, I am sure someone else in the pool is going to be benefited by the money which I have helped create – interdependence!

    This concept of interdependence is not new to me or to Indian philosophical system. The Buddha talked about it as one of the lessons – Interdependent co-arising. In fact when I was reading about insurance I came across this (source Insurance Regulatory Development Authority India) –

    In India, insurance has a deep-rooted history. It finds mention in the writings of Manu (Manusmrithi), Yagnavalkya (Dharmasastra) and Kautilya (Arthasastra). The writings talk in terms of pooling of resources that could be re-distributed in times of calamities such as fire, floods, epidemics and famine. This was probably a pre-cursor to modern day insurance. Ancient Indian history has preserved the earliest traces of insurance in the form of marine trade loans and carriers’ contracts.

    Is not it an interesting thing? That we support each other even without knowing and help ourselves too. The challenge comes when insurance companies reject your claim and money and greed becomes primary focus instead of helping someone in need even after covered under insurance. This blog post is already very long, so I hope reader will understand the challenges in this industry and greed seeping in the system.

    Image source – http://excusercise.org/social_support.htm