The healthcare industry has been dominated by technology providers like Dell, Philips, Siemens and GE. As important as their systems and machines were in capturing ailments and creating healthcare records, patient information was not meticulously maintained. Data was still being captured on paper and data would be dumped in an electronic database, which would be cleaned every six months. So there was no real time information available on previously treated patients. This was a business opportunity waiting to be taken up and several Indian startups have jumped into this. But one startup has become one of the most valued healthcare startups in the country.
“Any startup will have to go through this rigorous process of qualifying as a vendor or will have to work with smaller hospitals to build long term credibility,” says Sanchit Vir Gogia, founder of Greyhound Research, a consulting firm.