Evolution in Healthcare Industry

EVOLUTION IN HEALTHCARE INDUSTRY

Group No

22

15P153

Rushabh Mehta

15P226

Sanil Shah

15P236

Vaibhav Pahuja

15P240

Vivek Agarwal

Healthcare Industry - India

Healthcare has become one of the largest revenue contributors to the Indian GDP. Healthcare comprises of hospitals, medical equipment, medical devices, telemedicine, medical tourism, health insurance and clinical trials. Competitive advantage lies in the large pool of trained professionals but the challenge lies in delivering the services to nook and corners of the country. With a significant scope of enhancing the quality of services delivered with the rising per capita expenditure of $68.6 in 2015. India requires a significant investment in the industry over the next five years to fulfil the gap between demand and supply. Upcoming trends in E-healthcare have given a new avenue to this investments for fulfilling the needs of healthcare through technology.

Major stakeholders involved in the healthcare industry are

A lot of companies are trying to leverage technology to mediate as a platform between the different stakeholders in the healthcare industry

 Between doctor, patient and Testing labs: DoctorInsta and Practo are two platforms that we have looked upon in this area. Both the platforms have adopted different strategies for achieving the critical mass and bring a different value proposition to the customer.

 Between Patient and Pharmacy: Healthkart.com and 1mg.com were the major focus in this area. Both are a part of Bright Lifecare Pvt. Ltd while healthkart focuses on dietary supplements and heath devices. 1 mg operates an online marketplace for medicines, besides facilitating medical appointments and diagnostic test bookings.

E-Healthcare

E-health is an upcoming trend in the Healthcare industry supported by the advances in communication and technology field. It comprises of a large number of systems like

 Electronic health records

 Virtual health care teams

 e-Prescribing

 Tele-Health

 Telemedicine

 Medical research using Grids

 Healthcare Information Systems

 Consumer health informatics

References