How ‘Healthy’ Is Health Care Industry in Information Disclosures: Revisiting Evidences in India

Abstract

The information disclosed by the companies in their annual reports reveals much about company’s performance and prospects. This study seeks to investigate the extent of voluntary disclosure practices prevailing in pharma sector of India, for the year 2010-11 to 2017-18. The study is deemed important because it would offer crucial information to investors in India’s pharmaceutical industry. Methodologically, a disclosure checklist is constructed and descriptive statistics are carved out to reach the results. The checklist consists of 55 items which are not mandatory by law. In this stage, the intended objective was to ensure that graduate pharmacist engage other team members in healthcare organizations (whether at the departmental or unit level) and ensure that the existing modes of operation or systems are assessed, and their capacity to steer patient and family satisfaction analyzed, upon which weaknesses, if any, would be worked upon. Also, the objective of this procedure outcome was to ensure that as a graduate pharmacist, I bring about change toward improved safety and quality patient care while minimizing potential resistance, especially by utilizing any health care resources at their disposal optimally.

 Findings are alarming to state that the highest score attained by any company throughout the period of 8 years was 37 (out of 55) not even meeting 80% of the total checklist score. This shows that pharmaceutical sector is not so friendly at disclosures. Another concept that emerged involved lifelong learning. Lifelong learning implies that through ongoing education and training, there is career satisfaction on the part of a graduate pharmacist, having transitioned through different career stages and also strived to improve the quality of patient care. Also, lifelong learning as a procedure outcome reflects the need for future preparedness, especially because different patients come from different socio-cultural backgrounds and present with diseases or illnesses of different severities, implying further that lifelong learning provides a platform for to respond to these dynamic issues or tailor the care provision process in a relevant and responsive way that is aligned to the populations’ needs.