scope of it in indian healthcare
DESCRIPTION
The presentation unfolds Information Technology's presence and exposure in the Healthcare Industry. The technology used in this sector is of large scale and very less Big players/ Vendors are ruling the market.TRANSCRIPT
Scope of IT In Indian Healthcare
Prepared By : Joydeep Dey
Contents
2
• Objectives.
• Terminology.
• Facts and Figures.
• Healthcare’s Market Potential (Size & Growth).
• Primary Software Used in Healthcare.
• Importance & Benefits of Healthcare Management Software.
• Evolving India- The Cynosure.
• Key Opportunity Segment in India - Medical Tourism & Telemedicine
• HIS Vendor Survey
• Interested Foreign Investors
• Indian Policy Initiatives
• Conclusion
TERMINOLOGY
Healthcare is thePrevention, treatment &management of illness.Also preservation ofmental & physicalwellbeing via servicesoffered by medical,nursing, & allied HealthProfessions.
Information Technology is the study, design, development, implementation, support or management of computer based information systems, comprising software & hardware.
----Defn. by ITAA
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FACTS & FIGURESAREAS FIGURES
Global Healthcare Industry US $ 3.5 Trillion
Total Spend India’s GDP 5.7 % now & target - 6.00 % GDP by 2012
Private Sector Rs. 925 Billion
Public Sector Rs. 170 Billion
Industry Growth 12-15 % Annually
Demand Group Middle Income
Beds 0.7/1000 People
Extra Bed Needed 80,000/Yr for 10 Yrs
Extra Spend on Healthcare Rs. 2000 Billion by 2012.
Foreign Patient to India 12,000/Year
Infrastructure Required to match Developing Countries
US $ 30 Billion over 10 Yrs
Magnet Destinations Kerala, Gujarat & Mumbai
4Source -From project ‘ IT in Healthcare’
Healthcare Market Potentials
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India’s Health Indicators
No. of Doctors 5,03,900
Hospitals 15,097
No of Beds 8,70,161
No of Medical Colleges 162
No of Nurses 7,37,000
0
10
20
30
40
50
60
70
2005 2006 2007 2008 2009
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20
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60US$ bn
% of GDP
Per CapitaSource : E & Y, Economist Intelligence Unit
Software In Healthcare
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Electronic Medical Record Software• Comprehensive Report of Medical History.• Creates treatment plan, writing the process for transcription & proof reading correction.• Based on HIPAA compliant.• Based on experience of Physician, medical practices, & HL7 integration.
Electronic Health Records Software:• Patient Demographic Module• Appointment Schedule Module• Billing Module• Admin/Security Module• Messaging Module • Drug Interaction Module
Impact Analysis Software.• Checks invalid denials & underpayments by Insurance• Snapshot positioning of Business.• Reviews EOBs for Analysis.• Evaluates outsourced performanceGenerates Reports & Summaries.
Claim Processing Software• Provides professional, cost effective & high quality processor.• Improve CSAT, streamline business, Increase ROI & TAT.• Also translate HIPAA coded to generic term.• Made in compliance with Indian Healthcare Federations .
Practice Management Software• Achieves Increased Efficiency.• Combination of Financial, Admin. Claim processingBilling, appointment, etc….• Easy access to different locations with small window in 1 page• Access to data & system can be restricted.• Can update & create option in software too.
Benefits of Healthcare Software
I. Anytime and anywhere accessII. Easily customizable software.III. User- friendlyIV. Easily stored informationV. Patient’s history can be monitored.VI. Comparative analysis of performance vs. CostVII. Turn Around Time under SLA standardization.
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Evolving India - The Cynosure
• One of Largest sector in Revenue & Employment• Evolving Technology. Egs. Heart Disease,
Pre-Term Babies-1950 - 1990 (Neonatal ICU), Steroids, artificial pulmonary surfactant, etc…..
• Emerging Economy & market maturity of India.• Sound IT infrastructure & skilled manpower.• Established ITES-BPO market.• Talented pool of manpower for R&D.• Competitive Price for foreign patients.
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Key Opportunity Segment
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Hospital Services Medical TourismLeading CountryEst. USD 1-2 Billion/2012Growth-30%/YrUSA-Saves Cost, Canada-long appointments, Britain-National Health Service Wait
Pathology Services
Medical Devices
Tele Medicine80% conc. in Urban, 73% resides in rural.Exponential growth in Info & Telecomm, making India highly competitive.Govt. & Public Sector InitiativesLeading Players-Wockhardt, Fortis, MaxHealthcare, Asian Heart, Apollo
Health Insurance
Source- E &Y Research
HIS Vendor Surveys
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Vendor Product Name Year of Release
Product Modules Major Clients Price Range
Akhil Syst. HIS Vr-1,’94, Vr-4, ’07
F Office, EMR, Inv & Phrmy Mgmt.
Apollo (Bnglr Noida), Moolchand, RGCH-Delhi
On demand and module no#
BBNISYS Technology
eHMS 2007 Blood bank, Clinical Investigation
In Talks Rs 3.5 Lac/100bed
Birla Medisoft
B XenonHIM Software
2006 OPD Registration, Bill charges, Certif.. ICU Module
Kashibai Navale Inst of Med Sc.-Pune, Icon Hospital-Mum
Rs 5-20 lac
Designtech syst
Asclepius-Hospital resource Mgmt & Admin Systems
2002 >25 Modules like HIS, LIS, RIS
Guj Cancer Research Inst.- Ahm. Artificial Limb Centre- Pune
Rs 5L - 1cr
Source- eHEALTH Magazine
Interested Foreign Investors Parkway Group, Singapore Pacific Healthcare Holding,
SingaporeColumbia Asia, Malaysia
The Company is aggressively penetrating Indian Market. Its entered JV with Apollo to build Apollo Gleneagles, a 325-bed multi specialty hospital at a cost of US $ 29 Mn & with Asian Heart Institute & Research centre to set up specialized centre for medical excellence in Mumbai
This is one of Singapore’s leading healthcare provider, is coming up with Pacific Medical centre in Hyderabad in a JV with Vitae Healthcare Pvt. Ltd.. Two more medical facilities, one for women and children’s and other for stem cell bank are also coming up.
This has set up its first 75 bed hospital in Hebbal, Bangalore through the FDI route. The group has two more projects in the pipeline, 150 bed tertiary care bed hospitals and another of 75-100 bed in Bangalore.
11Source- E & Y Research
Policy Initiatives• National accreditation board to provide
accreditation to all public & private. Hospital to ensure “QUALITY” .
• Clinical establishment act by 2006 to make sure quality healthcare services.
• Govt to issue “Medical Visas” within month or less to promote M. T.
• 100% FDI through FIPB route
• Amending drug & cosmetic rules to include medical devices
• National Rural Mission launched in 2005 to provide effective healthcare to rural population
• Govt institutionalizing a mechanism of Public private partnership in healthcare.
• Federal Drug Authority
• Indian Medical Devices Regulatory Authority
• Expanding Public Procurement system of drugs, devices & vaccines.
• National Institute for Health Information and disease surveillance
• National Commission for Quality Assurance.
• National Institute for Health Research.
• Commission for Excellence in Medical & Health Education.
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National Commission Recommendations for Formulation or reorganization of Institutions
Conclusion
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Ayurveda MedicinesYoga Medications
Homeopathy
Acupuncture
AromatherapyNaturopathy