entrepreneurship in healthcare dr sanjeev singh
TRANSCRIPT
Entrepreneurship in Healthcare
Dr Sanjeev Singh
Where are the entrepreneurs..
• Medical Care – Inefficiency• Costs are higher; Outcomes unmeasured• New ideas are minimal
• More focus towards volume of care rather than value
• Low commitment towards quality in delivery
David M. CutlerDepartment of Economics
Harvard University
What are we looking at..
• Innovating in healthcare• Finding what’s needed• Prioritizing needs• Sizing up the market• Designing an innovation• Gaining commitment
Holmes et al. Journal of Innovation, 2012
The Conditions are Set for an Epic Decade
“There has literally never been a better time in history to be an innovator or entrepreneur in the healthcare space” -- Todd Park, U.S. CTO
ChangeHealthcare
Reform
Technology Mobile & Digital Health
TODAY
AccelerationChronic
Disease, Aging &
Cost
OpportunityThe Golden Age of Entrepreneurship

Rapid Expansion of Digital Health/Wellness

A 10x Solution to Drive Value Creation

Funnelled Entrepreneurship
VALU
ECR
EATI
ON
Key success factor for value creation.. focus on personal skills & team skills
Opportunity recognition
Opportunity preparation
Opportunity exploitation
CTO/COOCulture Capital
CFO
Economic Capital
CEO
Strategic Capital
CMOSocial Capital
Theory based on social system theory and entrepreneurship lit. (a.o. Groen c.s., 2005)
National Health Care Leadership
• Health care systems• Largest industry sector• Growth driven by demographics and
international patient care • Distinction driven by innovation
• Broad industry • In 2001, ~250 companies• Majority in medical devices• Some industry leaders (Steris,
Invacare, Philips/Picker), many small companies
Private Enterprises..Architect of Modern Healthcare1983: International Quality in healthcareBusiness model with intrinsic social conscienceScalable, replicable and Sustainable modelTechnology and InsuranceNAT-HEALTHTelemedicinePadmavibhushan
Bringing Cost effective care in pediatric heart diseases
Bringing management into Health Science
42 Hospitals across IndiaMix of charitable and private instituteManagement model of volumes bringing bottom lineCost effective indigenous production
Public Health..making it necessary
Reaching the unreached…
Healthcare Consultancy..
Education ….unexplored
Research in Healthcare..
Accreditation…Quality in Health
Preventive space in health..
Preventive Health in unchartered territories…
m Health
Digital Health..
Tapping the untapped potential
For making life easy for all….
Technology driver…
Make in India…
Discovery IQ ScannerPET CT is believed to be the best diagnostic innovation in
fight against cancer
QUALITY @ AIMS
The first university teaching hospital to get NABH accreditation
AN ISO 9001:2008, NABH, NABL AND NAAC ACCREDITED HOSPITAL
Electronic Medical Record
E Learning Patient Safety Module
Health Technology Assessment
A new tool for evidence based decision making to select cost effective services