Malav Shah

Chartered Accountant.
Don't put all of your eggs in the same basket. Be it your finances, career or love !

[Malav Shah @malavspeaks]

Truly commendable. I’ve seen multiple hospitalisations across my family. Any surgical item has 90% margin for the Hospital pharmacy. These items are usually categorised under consumables and disallowed as expenses from health insurance as well.

[Tukaram Mundhe @Tukaram_IndIAS]

The most expensive part of a hospital bill may never touch the hospital at all.

A patient admitted for care has no way of knowing whether the price on a medical consumable reflects its actual cost or a markup fixed long before it ever reached the ward. That gap in information is, at its core, a public health issue.

A survey of hospital consumables in Maharashtra found an IV infusion set with a trade price of ₹11.05 carrying a printed MRP of ₹325 ; a markup of 2,841%. A syringe procured at ₹6.75 carried an MRP of ₹57.20. A catheter procured at ₹29.41 carried an MRP of ₹310.

These are not elective purchases. Patients cannot compare prices, seek alternatives, or question a number printed on a box while receiving care and the MRP itself is often fixed upstream by manufacturers and distributors, disconnected from the trade price by a wide, unexplained margin. The result is a system where the party bearing the cost has the least information to evaluate it.

The regulatory gap is structural: scheduled medicines are capped under the Drugs (Prices Control) Order, 2013. Most medical devices and consumables are not leaving both the pricing and the information around it almost entirely unmonitored.

A review of these findings and clear guidelines on the permissible gap between trade procurement price and declared MRP have been recommended to the Department of Pharmaceuticals and the NPPA ; a step toward closing not just a pricing gap, but the information gap patients are left to bear alone.

#PublicHealth #GoodGovernance #Leadership #TukaramMundhe

https://t.co/Ye9CVzr8qU

[Tukaram Mundhe @Tukaram_IndIAS]

The most expensive part of a hospital bill may never touch the hospital at all.

A patient admitted for care has no way of knowing whether the price on a medical consumable reflects its actual cost or a markup fixed long before it ever reached the ward. That gap in information is, at its core, a public health issue.

A survey of hospital consumables in Maharashtra found an IV infusion set with a trade price of ₹11.05 carrying a printed MRP of ₹325 ; a markup of 2,841%. A syringe procured at ₹6.75 carried an MRP of ₹57.20. A catheter procured at ₹29.41 carried an MRP of ₹310.

These are not elective purchases. Patients cannot compare prices, seek alternatives, or question a number printed on a box while receiving care and the MRP itself is often fixed upstream by manufacturers and distributors, disconnected from the trade price by a wide, unexplained margin. The result is a system where the party bearing the cost has the least information to evaluate it.

The regulatory gap is structural: scheduled medicines are capped under the Drugs (Prices Control) Order, 2013. Most medical devices and consumables are not leaving both the pricing and the information around it almost entirely unmonitored.

A review of these findings and clear guidelines on the permissible gap between trade procurement price and declared MRP have been recommended to the Department of Pharmaceuticals and the NPPA ; a step toward closing not just a pricing gap, but the information gap patients are left to bear alone.

#PublicHealth #GoodGovernance #Leadership #TukaramMundhe

https://t.co/Ye9CVzr8qU

[Malav Shah @malavspeaks]

@Chetan360360 How did you recognise that it’s a duplicate item? I just ordered one today from their website.

[Malav Shah @malavspeaks]

@miten @CRED_club @Kuvera_In Invite pls

[Malav Shah @malavspeaks]

@Kenu73 I never pay for express check-in. My strategy is to arrive exactly 60 mins before departure and inform the counter that my flight leaves in an hour. They will almost always expedite your check-in at no extra cost. It’s a simple way to get priority service without the price tag.

[Malav Shah @malavspeaks]

@IndianGems_ Zoho

[Malav Shah @malavspeaks]

@majestymasculin @grok @SuperGrok are the claims in this threat regarding Vaseline accurate?

[Malav Shah @malavspeaks]

@EmmaMyersMed @jidinnovations @grok can you explain this article in simpler words

[Malav Shah @malavspeaks]

@INCKerala This is really some good with by Congress handle in years

[Malav Shah @malavspeaks]

@SBICard_Connect @SBICard_Connect It has been almost 2 months since I raised the concern with you. My CIBIL was checked, tentative approval was granted and field visit was done by your team for verification; still no factual update from your end. @ccgeek0703

[Malav Shah @malavspeaks]

@Sahilpahwa09 @culturecircIe @1kunalbahl @riteshagar @adidas Raise a chargeback

[Malav Shah @malavspeaks]

@AdYX7879 @soicfinance @ishmohit1 @grok @SuperGrok can you answer this?

[Malav Shah @malavspeaks]

@rustyynova Malav

[Malav Shah @malavspeaks]

@MohiniWealth Direct

[Malav Shah @malavspeaks]

@imYadav31 My card is approved but i received only VISA card. Rupay physical card will not get delivered?

[Malav Shah @malavspeaks]

@KommawarSwapnil Master piece!

[Malav Shah @malavspeaks]

@pranjalkamra Conviction

[Malav Shah @malavspeaks]

(2/2) His kindness was remarkable! @deepigoyal, please recognise such dedicated team members.

Suggestion: This was my mistake. However, it would be great if a warning could be added if the delivery address is far from the user’s GPS location. #Zomato

[Malav Shah @malavspeaks]

(1/2) Two weeks ago at Ginger Goregaon, I mistakenly ordered from Nesco Goregaon restaurant via @zomato , selecting Ginger Airport as the delivery address. The delivery guy went out of his way to deliver to my hotel, despite the distance and potential loss of his next order.

[Malav Shah @malavspeaks]

@dr_sivaranjani Can pharmacies still continue to sell non WHO recognised ORSL ?