There are various parameters that define the growth of a business entity. Not just define but even play a pivotal role in its progress. When it comes to corporations, one thing that strikes any one’s mind is Corporate Social Responsibility or CSR. The impact of CSR is making a huge difference to the healthcare sector too. 

What is Corporate Social Responsibility?

It is not just about creating a platform of growth and achieving your goals. If you can make a difference to the society around you along with yourself, then the feel of achievement increases ten folds. This is where CSR plays a major role as far as helping corporates create an identity for themselves, not just with their type of business but also by how they contribute in bringing a defining change within the society.

In simple terms, Corporate Social Responsibility is a contribution made by business entities and corporates for the sustainable development of the society, nation and globe. 

When we talk about the industries that can hugely benefit through the gesture of CSR from Corporates, the healthcare sector comes into our minds first. Thanks to the ever-increasing population and along with it, challenges in keeping a good health.  

Corporate Social Responsibility in Healthcare

The deep impact which the recent pandemic created on global minds is there for all of us to see. There were many moments when the healthcare system was found wanting for quality resources, particularly when it mattered the most. When the entire country and the world was caught off guard, one aspect that clearly caught the eyes of the men who matter was lack of preparation to meet something as immediate and as life-threatening as this.

This is where CSR partnership in Healthcare could have been the much-needed oxygen and a game changer. 

How CSR Can Improve Healthcare?

CSR Partnership in Healthcare can be a huge plus point when it comes to extending seamless, high quality healthcare services, whenever and wherever needed. Additionally, Healthcare CSR Partners can look at:

• Financial and technological support
• Joint efforts to reduce challenges in health care access
• Thinking out of the box and focus on an integrated health care delivery system
• Addressing demand supply match in public health infrastructures
• Community partnerships on different health issues
• Supporting fund-raising activities
• Volunteering in health campaigns and organizing health camps
• Collaboration and coordination with and among different health institutions to 
• Manufacturing/selling drugs at affordable prices
  
  

Why CSR is Important in Healthcare?

As healthcare CSR Partners, corporate companies and the healthcare units can bring about a refreshing change to the healthcare system. In return, it could do a world of good for them to gain a broader and global visibility as business entities par excellence as they stand to gain:

• Social acceptability from key stakeholders
• Increased reputation patient loyalty
• More attraction and retention of the employees
• Helps to attract more investors 
• Increases goodwill 
• Confidence to compete at the highest levels
• Support and recognition from government and international bodies
• Encourage creativity and enthusiasm
  
  

Conclusion:

It may look like a big challenge about what sort of activity should be carried on under CSR in health sector. Thanks to continued research and development conducted by Apollo Telemedicine Networking Foundation, there are innumerable creative and innovative options to be explored.