Scores of doctors from Visakhapatnam in Andhra Pradesh have decided to set up a hospital on the cooperative model with the latest facilities at a total cost of Rs. 220 crore, reports Hindu Business Line.
Andhra Pradesh Chief Minister N. Chandrababu Naidu will soon inaugurate the hospital.
A doctor involved in the project said the fees would be reasonable, roughly 50-60 per cent of what the corporate hospitals charge, and it would be accessible and affordable even to the lower middle class. The below-poverty-line patients could be treated under the Arogyasri government insurance scheme.
He said the promoters and shareholders had contributed Rs. 51.09 crore as margin money and Rs. 122 crores was borrowed from the financial institutions and the rest was land cost, amounting to Rs. 220 crore.
He said the hospital would have 600 beds, all the latest equipment, including MRI scan, and also air ambulance facilities with a roof-top helipad.
He added that the investment has been made by 62 experienced city-based doctors on a ‘cooperative basis.’