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Most Innovative Companies

Narayana Health

Bangalore, India-based Narayana Health (also known as Narayana Hrudayalaya) is a network of hospitals in India that work to provide low-cost, high-quality care in a country with millions of impoverished citizens. For example, Narayana’s largest and most prolific cardiac hospital does open-heart surgery for less than $2,000, a third or less what it costs elsewhere in India and a fraction of what it costs in the U.S. Narayana achieves these lowered costs with high output (its flagship hospital has 20 times as many beds as the average American hospitals) as well as negotiations and equipment bought straight from the manufacturer. Employees are also paid in salary instead of per operation, so the more operations, the lower the cost to the hospital. It’s also working on avoiding intensive surgeries by beefing up its nuclear medicine arm, which enables Narayana to detect abnormalities and analyze organ function in a way that is time-efficient, precise, and non-invasive.

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2018: India
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headquarters: Bangalore, India