The 10 Leading Hospital Management Solution | Insights Care

Page 1

2020 Vol.02 / Issue-01

www.insightscare.com

THE

10

LEADING

HOSPITAL MANAGEMENT SOLUTION PROVIDERS

Mr. Thamer Shaker CEO

OASIS HMIS Delivering a Complete Package of Healthcare Management




Hospital Management Solutions; Transforming Society for Good Editor Vishal Muktewar Singh l Preet Anmo

A

s the human population has exploded, there has been a massive rise in the number of patients all over the world. Managing such a humongous amount of data of patients who suffer from different illnesses would have been unimaginable, if not for the introduction of Hospital Management Solutions. Hospital Management Solutions are disrupting how Healthcare services are conducted. It has been designed to manage all aspects of a hospital’s operation such as medical, administrative, financial, and legal issues and the corresponding processing of services. It assists healthcare providers with the management of patient registration, demographics data and keeps these updated while actively preventing duplication of information. Today, Medical Practitioners can use e-prescription software which has increased their efficiency. It helps practitioners to provide prescriptions according to


their patient’s medical history. It has resulted in better diagnosis for patients and saved a huge amount of care, expenses and time for both practitioners and their patients. The Hospital Management tools have empowered patients. They can book their appointment online in advance, so they don’t have to wait in line. Patients can avail their medical history and their reports to use in the future. They can also get timely alerts regarding their condition, helping to make informed decisions and become confident. The diverse range of software developed for Hospital Management helps the staff members to carry out their various activities such as billing and discharging, allocating employees to different shifts, managing laboratory equipment, etc., thereby providing and improving patients’ overall health experience. Today, these software have helped to incorporate better revenue management for hospitals. It helps them to maintain profits that subsequently can be used to develop better healthcare technologies and continue to serve humanity. Hence, while searching for the hospital management service providers, we, at Insightscare, have come across some of the prominent names who are developing cutting-edge software for hospitals and helping their clients in their endeavor to provide personalized and patient-centric care. We see it as a privilege to present you ‘The 10 Leading Hospital Management Solution Providers’. These industry leaders continue to embrace the rapid change in the healthcare industry and develop solutions to meet its rising demands. On the Cover, we have OASIS HMIS, which develops one of the largest and comprehensive healthcare management in the Middle East. Over the last two decades, the company has developed one of the most powerful operating systems used by large and mid-sized hospitals in the gulf region. Roa Dawood Khumayyis, CEO of OASIS HMIS has been steering the wheel of this esteemed solution provider towards excellence. With diverse industry experience, Roa has been developing strategies to deliver exceptional services to OASIS clients. In this issue we have enlisted: Helium Health, whose suite of technologies enables healthcare facilities to automate processes, engage patients, grow their revenue and provide quality care; Aosta Software, its world-class software solutions enhance patients’ care while conforming to present and emerging standards, regulations and ensuring seamless integration within various division of healthcare; and JVS Group, which makes one of the most integrated software catering to the needs of Electronic Medical Records (EMR) and Electronic Health Record (EHR). Alongside the above, we also have: DataWENS Technologies Pvt Ltd., Designer Datamart Solutions., DMS, G2 Software Solutions, Technospyre, and Sara Technologies. These solution providers, with their innovative technologies, continue to uplift the Healthcare industry. Also, Don’t forget to read the CXO’s written by industry experts and articles penned by our in-house editorial team. Have an insightful read ahead!


Editor-in-Chief Pooja M. Bansal Managing Editor Shruti Jambhale Publishing Control Team Rahul Niraj Quality Assurance Team Abhishaj, Sneha, Darshan Contributing Editor Vishal Muktewar Art & Design Head Amol Kamble Associate Designer Poonam Mahajan Co- Designer Karan Gaikwad Art & Picture Editor Sapana Shinde Sr. Business Development Manager Megha Mishra Business Development Lead Nadan Deshpande Business Development Executive Pooja, Ruchi, Nikhil Technical Specialists Amar, Pratiksha Digital Marketing Manager Prashant Chevale SME-SMO Executive Manoj Shelge Circulation Manager Tanaji

February, 2020 Insights Success Media and Technology Pvt. Ltd. Ofď€ ce No. 22 & 510, Rainbow Plaza, Shivar Chowk, Pimple Saudagar, Pune, Maharashtra 411017 Phone - India: 7410033802, 74100058552 Email: info@insightscare.com For Subscription: www.insightscare.com

Follow us on :

Insights Success Media Tech LLC 555 Metro Place North, Suite 100, Dublin, OH 43017, United States Phone - 302-319-9947 Email: info@insightscare.com For Subscription: www.insightscare.com

www.facebook.com/InsightsCare/

https://twitter.com/Insightscare

Copyright Š 2020 Insights Success Media and Technology Pvt. Ltd., All rights reserved. The content and images used in this magazine should not be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior permission from Insights success. Reprint rights remain solely with Insights Success Media and Technology Pvt. Ltd. Insights Care is powered by Insights Success Media and Technology Pvt. Ltd.



10

Cover Story

OASIS HMIS Delivering a Complete Package of Healthcare Management

Interview with Insights Care

Aosta Revolutionizing Indian Healthcare Space with Dynamics of IT

18


CONTENTS Industry Insider Facts About Stem Cell Research That

24

CXO

Everyone is Talking About

Expert’s Opinion Finding the Perfect IVF Clinic

Helium Health

22

Bringing Digital Transformation in Healthcare Sphere

JVS Group

28

Elevating the Healthcare Industry with Comprehensive Solutions

30




10 LEADING HOSPITAL T H E

MANAGEMENT SOLUTION PROVIDERS

OASIS HMIS Delivering a Complete Package of Healthcare Management

H

ealthcare has always been one of the primary concerns for every individual. They focus on paying utmost attention to their health and well-being. Moreover, today’s age of cut-throat competition and technological innovations calls for everyone to stay at the top of their game and give their best performance. Accordingly, they demand for the best healthcare services in order to remain healthy and deliver their best. This is where the leading companies of the healthcare arena step in. They focus on attaining better health goals and make sure that no patient is denied of quality healthcare services. One such torchbearer in the healthcare sector is OASIS HMIS. It is a Saudi Hospital Management Information System, which specializes in the operation and management of hospitals. The system was built for Al-Salamah hospital in mid-1990s. After selling the hospital to the Government of Saudi Arabia, the founder of the hospital Sheikh. Khalid bin Mahfouz established OASIS Company to become a part of Al Murjan Holding Group. OASIS became one of the largest and most comprehensive systems for healthcare management in the Middle East, offering a wide range of clinical and non-clinical subsystems. It can also run on a modular basis to suit the requirement of varying sizes of hospitals. Within a span of 24 years, it has established itself as one of the best and most powerful operating systems in the local and Gulf markets. Percipient Leadership OASIS is led by Mr. Thamer Shaker, the CEO of the company. He is a management professional, organization development, and business expert with more than 24 years of experience. One of the top-performing CEOs, he is leading strategic plans in change management and talent identification. Mr. Shaker has worked in several fields including initiating, planning, and leading to build and implement a significant organization growth plan, followed by an accurate execution.


Cover Story

Mr. Thamer Shaker CEO

“

“

We innovate to provide better healthcare outcomes at affordable costs


He took over the position of CEO of OASIS in 2018. Mr. Shaker has successfully developed the new strategic objectives for the company. His expertise has transformed the current processes and operation into a modern management system. Under his leadership, OASIS has introduced five new products to be launched in the next five years, the first product is OASIS+. Emphasis on Attaining Excellence OASIS believes in standing tall among the competition by providing the best services, while constantly improving itself. It remains constantly focused on HIS development. This enables OASIS to provide a better knowledge and communication value to the clients. Its strategy is applied to GCC, which helps it to attain expertise in the region. OASIS Team states, “All customers have an expectation of great service and will not put up with waiting in long lines or receiving poor responses from representatives”. Accordingly, last year, it invested heavily on enhancing customer services by providing different communication channels and deep analysis for the SLA commitment. The company considers honesty as one of its primary policies. It is clear with its clients regarding plan scheduling and improvements, due dates, and product development roadmap. OASIS continues to reinvent itself by adopting emerging technologies and introducing new processes, products, and solutions. Furthermore, it believes in giving back to the society and maintains a very good CSR program.

Our focus is to add value to customer processes and increase customer satisfaction

Delivering Superior Services OASIS offers excellent hospital management services across 70+ hospitals in governmental, military, and private sectors. It is a distinguished Saudi Arabian company which adopts international quality standards taking into consideration the local needs. OASIS is a comprehensive system that provides solutions for managing all clinical and administrative activities in the hospitals such as the master patient index, electronic medical record, outpatient management, material management, billing , accounting, and so on, which transforms hospitals into a coherent and paper-less environment. In addition, it enables hospitals to implement decision support solutions for physicians such as drug databases, and management decision support programs such as Oracle BI. The system also has a reliable record of providing connectivity with systems and devices such as the PACS System, laboratory analysis devices, and others creating an effective and coherent work environment with better information sharing. OASIS also empowers patient engagement through the patient portal and mobile applications that allows patients to access and manage their medical data and bookings with ease. Overcoming Various Challenges The company states that customer expectations are always very high, and they are expecting the HIS not only to fulfill the gaps of required software, but also to provide solutions and enhance the business process. Accordingly, it is investing in the teams to provide them with the needed experience and knowledge to add real value to the customers’ process and increase the customers’ satisfaction. It believes that market changes include transition to privatization and demand changes. OASIS enriches its product portfolio by adding new products such as OASIS Mini and Tele OASIS. These products aim to increase the market share of private sector and to facilitate access to the new sector of polyclinics and clinics, which was not available for OASIS products before. Noteworthy Achievements OASIS is renowned for offering its system across 75 hospitals in the region. The system is operational in more


“

We utilize cutting-edge technology to ensureeffective results

“


We put the objective of enhancing healthcare experiences at the core of our operations

than 10,000 beds in the ministry of health with a market share of 18%. It is widely used in more than 25 private hospitals. Team OASIS is proud that a local company is functioning efficiently all over the kingdom. The system has been popular among senior manager and IT directors in the ministry of health for a decade. The company is a leading provider of HMIS in the region, and a strategic partner for the Ministry of Health. Industry Outlook The company states that the public healthcare sector in the kingdom of Saudi Arabia (KSA) represents approximately 79% of bed capacity. It expects the private sector to grow at a faster pace than the government sector. “The Saudi government policy seems to be emerging as a regulator and facilitator encouraging the private sector to bridge the gap in the healthcare sector in the KSA”, states team OASIS. It opines that the demand for private healthcare and the share of private sector has been increasing gradually. The company reckons that the public sector’s role is also gradually transitioning to become more of a regulator rather than as a provider of healthcare facilities. OASIS Team further adds, “Increased demand for Healthcare Quality KSA’s healthcare facilities are observed to be accredited by JCI, HMIS and ACHSI. These accreditations are one of the key factors’ patients consider while choosing a healthcare facility, as these assure high quality of health standards, and OASIS launched OASIS Consultation to adapt with this demand”. The company believes, “the changing age profile increases the demand of long term care/ rehabilitation, and

encourage us to invest in software to serve elderly needs, due increase in prevalence of number of lifestyle diseases; diabetes, obesity, depression, strokes, cardiovascular diseases, blood pressure, etc”. The Future Horizon OASIS aims to expand its market share, target new market segment, and align with Vision 2030 to improve the quality and efficiency of health care services. In order to achieve its strategic objectives for the upcoming five years, the company is planning to provide a cloud HMIS solution for small hospitals, clinics, and polyclinics. The cloud HMIS will be sustainable and affordable for this segment. In addition, the system will help care provider to make smarter decision, care plan, and resource planning. OASIS HMIS has integration with leading company to ease health care process such as Nuance voice recognition and Wolters drug interaction system. Moreover, the company also intends to lead the market in the telemedicine arena. OASIS will launch a consultation services to help the clients and others to have an outstanding experience in the application of HMIS. Team OASIS states, “Investing in artificial intelligent and providing affordable solution to a segment that was neglected for a decade for sure will improve quality and efficiency of health care services in the region”. Words of Advice The company believes that healthcare is not an easy field to break into as an entrepreneur. Beyond the operations of business, one must attain knowledge about complex science and tech. It is of the opinion that this vast amount of complexities will be solved only by the power of simple ideas. “Believe in your ability to generate disruptive solutions. Start building today, and trust that your hard work will pay off in the future, because it will”, adds team OASIS. It advises young entrepreneurs to learn from efficient mentors, knowledgeable peers, and then give their best. Team OASIS emphasizes on Steve Job’s speech at Stanford: “you can’t connect the dots looking forward; you can only connect them looking backwards so you have to trust that the dots will somehow connect in your future”.


INSIGHTS SUCCESS MEDIA AND TECHNOLOGY Pvt. Ltd.

Insights Success Media and Technology Pvt. Ltd.




Aosta Revolutionizing Indian Healthcare Space with Dynamics of IT

Mr. Aravindan Selvaraj Director of Sales and Marketing

I

T in Health improves the quality of healthcare delivery which increases patient safety, decreases medical errors, and strengthens the interaction between patients and healthcare providers. The purpose of Healthcare IT is to provide better care for patients. It assists in recording patient’s data to improve healthcare delivery while facilitating analysis of this information for both healthcare practitioners and the ministry of health/government agencies. Keeping in mind the importance of IT in the healthcare sector, this month’s issue of Insights Care showcases an exclusive Interview with Mr Aravindan, Director – Sales & Marketing. Aosta Software Technologies India Ltd. Mr Aravindan is instrumental in setting up the sales org for Aosta and to his credit has opened up the international markets for Aosta. He shares some quality information on how the Indian healthcare domain is fairing with everchanging technological advancements and the advent of IT in its services. IS: How did Aosta come into existence? Kindly describe its journey till date.

18| February 2020 |

Aosta: We belong to a large business group in South India called Dr. NGP Group. This group has many portfolios like Hospitals, Pharma, Academics, Software, etc. The very popular hospital chain – KMCH is part of the group and our journey has started by servicing the internal IT requirements of our own hospital. The product ideation has started from there and during that timeline (the Year 2000-01), there were only a few players in HIMS space and we thought it would be a good idea to make a product of the work we did for KMCH. BackBone HIMS was born and initially, we had only a few modules like registration, billing, lab, etc. Then a proper technical team was formed and today we have more than 25 + modules and BackBone is a very mature product in PLC. The journey had its own ups and downs with different teams heading the sales/management portfolio. But during the last 5 years, Aosta has leapfrogged registering more than 70% growth increasing to the top line and profitability. Today we are present in 5 more countries apart from strengthening our base in the domestic market with more than 150+ hospitals using our application.


Interview with Insights Care

IS: Brief us about the Founder/CEO of the company and the major contribution of him/her towards the company. Team Aosta: The founder of the group is Dr. Nalla G Palanisamy, a visionary businessman with great acumen and leadership skills. He is instrumental in taking Aosta and the overall group to greater heights with each unit functioning in a profitable manner. He has helped us to leverage the natural synergy we have had in the clinical and administrative domain, thanks to KMCH. Aosta has created a niche advantage in the market due to this and we are able to transcend that advantage to its customers as well. Our CEO Dr. Mohan Gounder is based in the USA and his technical finesse has helped us to adopt the latest Healthcare IT practices in our application. Platforms like EMR, Mobile Apps, etc. are developed with his intense contribution and that proved to be a big differentiator for us. Besides, he has helped to diversify the company with new service offerings like KPO but sticking to the core domain strength of Healthcare and IT. IS: Kindly share with us in detail about the IT Solutions that you provide. How this has benefited the user community? Aosta: Our flagship offering is the ‘Hospital Information Management System (HIMS)’. The product name is BackBone – signifying its importance to the IT system of any hospital. We are easily the top 5 HIMS vendors in the country with significant market presence, customer portfolio and mature technical and support teams. As mentioned earlier, it is a mature product with the latest features and benefits. It is completely web-based and mobile compatible. The product has more than 25 different modules catering to the various functions and departments of a mature hospital, built with an aim to be used by any individual with a decent understanding of IT skills. With global standards like HIPAA and HL 7 compliance, the product has outshone its competitors with proven advantages. With sustained R & D and engineering, Aosta is able to add more new features like Process Automation, Reporting functionalities, Data mining, etc. in the application. This is a big advantage for new generation CXOs who would like to use the latest software tools for decision making.

The very fact that we have more than 95% of customer retention speaks volumes of the benefits each customer has got from the product. BackBone really helps to improve process efficiency, bring better controls, optimize resource planning and more importantly a silent contributor to the bottom line. It will be very difficult to quantify the same, but BackBone has helped every customer by improving the bottom line anywhere between 20-30% in a span of 2-3 years. IS: What are the major challenges your company has faced till date? What strategies did you use to overcome those issues? Aosta: The real challenge is managing and retaining the domain knowledge as unlike traditional software products, this also calls for a better understanding of the Healthcare systems and protocols very well. We face major challenges in retaining the talent for customer support and implementation as they are like rolling stock and very difficult to sustain them. Secondly, the hospital customer is rather slow in embracing IT systems and most of the times the readiness from the customer side found wanting for an ERP implementation. For a hospital owner, IT is the last line of control as the ROI is not pronounced like an investment in a lab equipment or increasing a seat for a doctor where the revenues are counted from day one! So, Indian Hospitals do a big trade-off when it comes to HIMS and most of the time software companies like us face challenges in pushing them for a proper IT agenda – which is more generic than the actual proposition of selling their own services. The dearth of quality resources at the users’ departments in each hospital pose a major issue for us and this leads to project delays and cost overrun. At the market landscape, this HIMS domain is full of regional players offering their solutions at very low prices thus creating big anarchy among the Healthcare IT system. This leads to perceptual imbalances among hospital owners. Secondly, few bad implementations and processes leading to overall slowdown for all the players including big names like us. IS: What have been your and the company’s major accomplishments? Please mention any awards or accolades received so far. (if any) Aosta: The company has really seen very good growth in the last 5 years ( more than 100%) thanks to the new sales

19

| February 2020 |


team which used the product and support levers to acquire new customers in new markets. From a player well known in South India, today Aosta has staked its claim to be a global player by improving its customer presence all over India and overseas. The sustained presence of the core domain team which is with the company from inception and the excellent support mechanism helped the company to retain its customers. We take pride in that achievement. We have received many awards, to name a few: • e India Award 2010 – For Successful Implementation at 800 Bedded Tertiary Care Multi-Disciplinary Super Specialty Hospitals in Tamilnadu. • e India Award 2013 – For Successful Implementation at 650 Bedded Medical University Hospital in Karnataka. • Silicon India Award 2014 – Aosta one among the top 10 most promising company across India in Healthcare Vertical IS: Kindly brief us about your perspective on the current healthcare industry scenario. Aosta: We see lots of opportunities at the state level as Healthcare is yet to be prioritized at the Central level. Besides, states like Tamilnadu, Kerala, Karnataka, West Bengal, etc have excellent Healthcare backbone and further gives hope for players like us to invest and grow. The country’s total spending on Healthcare is around 1 % of GDP which is abysmally low compared to countries like the USA, UK, etc. Even a couple of percentage points increase will really stimulate the healthcare ecosystem to a major extent. Schemes like Ayushman Bharat really has given the impetus required for Healthcare and the citizens of India. In particular, the Hospital industry is likely to achieve a CAGR 0f 16-17% by 2022, surpassing all other industry verticals on a growth curve. On the process side, we see more Evidence-based Clinical Decision Support System (CDSS) to be used in the coming days coupled with HIMS to reduce medical errors and improve the quality of diagnosis. This offers good potential for those who like to get into medical research as a business. Indirectly IT companies that are going to adapt the latest technologies like AI, BI and Blockchain will take advantage of this market’s needs. IS: Where do you see the company in the coming years? What actions have you planned for the same?

20| February 2020 |

Aosta: Aosta aims to reach out to newer territories in order to extend its international presence in countries where the rate of green-field hospital projects and the IT adoption in hospitals is raising. For example markets like the Far East, EMEA, etc. We are also planning to create BackBone completely in Open source, doing away with proprietary software platforms that are required to run the application. We have already achieved that for client machines (user nodes) and soon the servers too will be available in the Open platform. We are also coming with the SAAS model so that even the small hospitals and clinics can get the benefits of BackBone with out of box features without customization. We will continue to stick to our strength in Healthcare IT and many innovative solutions are on the cards like IoT, AI, and Business Intelligence. We are using these tools to facilitate decision-makers – be it doctors, administrators or a finance person to automate some of the routine and mundane activities. IS: What advice would you give for the upcoming generation of medical science enthusiasts and health-tech entrepreneurs? Aosta: With the increasing emphasis on the stringent and quality selection process for medical education, it is imperative that medical students understand IT systems better and learn the nuances of using the same for their clinical activities. For example one of the clients who run a medical college has a certification paper in HIS/EMR as eligibility for PG doctors!. As healthcare is a core and essential sector for the growth of our economy, the Govt is pushing its agenda on best practices and unified records systems. For all this, IT adoption is a must. Secondly, many startups have come up in recent days and the majority of them focus only on Healthcare. We intend to work very closely with such innovative startups who have unique solutions to address the needs of Healthcare. This could be in domains like IoT, Analytics, NLP, etc.



10 LEADING HOSPITAL T H E

MANAGEMENT SOLUTION PROVIDERS

Helium Health Bringing Digital Transformation in Healthcare Sphere

E

lectronic Medical Record (EMR) systems are helping health care service providers to deliver high-quality services. This system manages almost everything from tracking patient information to scheduling appointments, post-visit follow-up, billing and payment. Such technological advancement has helped the healthcare ecosystem to improve the complex workflows by providing real-time information to deliver better patient care. One of the largest electronic medical records providers in West Africa, Helium Health launched EMR solution in 2016 to build a system that eliminates paper records and digitalizes the medical records. It has moved the whole system from manual to digital for the storage of medical records.

data, and documentation errors by offering electronic datadriven solutions. It empowers hospital administrators and public stakeholders with vital clinical and financial data to notice trends within a specific facility or across different facilities. The software allows them to monitor performance over time as well as the effectiveness of the intervention actions and programs and highlight areas for improvement. The Helium EMR software can run offline as well as on the cloud to insulate against the effects of internet downtime. This ultimately creates healthcare facilities that are more efficiently run and allows health service providers to provide better care. A Glimpse of Achievements

The company is inspired by a vision of a connected healthcare ecosystem across Africa to help patients get the care they need when they need it. And to empower all healthcare stakeholders with the actionable data and tools that they require to make informed decisions. Today, Helium Health provides the tools that over 5,000 medical professionals use to treat over 150,000 patients monthly.

The company has received several esteemed awards and has been recognized locally and internationally. Ÿ Ÿ

Helium Health named in the CNBC Upstart 100 list of top global startups to watch in 2019. The Leadership team was listed in the Forbes 30 under 30 healthcare class of 2019 The company was inducted into The 2018 Future Awards Africa Class for Technology. Helium Health participated in the 5th class of the Google Launchpad Accelerator. It has also participated in the Y Combinator 2017 summer batch. It has won the Etisalat (9Mobile) Prize for Innovation and was recognized by the Nigerian President during the Aso Villa Demo Day.

Easy Solutions

Ÿ

Helium Health provides simple to use solutions that require little to no training and anyone, regardless of their levels of computer literacy, can easily use it. With this data-driven solution, hospital administrators are not only able to provide care in record time but are also able to get a better handle on the performance and finances of their practice. Moreover, the system is developed in a way that enhances connectivity between its stakeholders.

Ÿ

An Ardent Spearhead

Helium EMR, the flagship product, is an end-to-end solution that completely digitizes every stage of a patient’s visit from check-in to check-out. It drastically reduces patient wait time as well as the risk of loss or fragmented

A group of entrepreneurs, Adegoke Olubusi, Dimeji Sofowora, Tito Ovia and Ralph Oluwole founded Helium Health. Adegoke Olubusi is the CEO and Co-founder of the company. He has earned degrees in Engineering and

22| February 2020 |

Ÿ


Adegoke Olubusi CEO

We provide vital digitized healthcare services such as electronic medical records, hospital management and insurance, billing, and analytics software for the continent’s top medical providers and services

Management from Johns Hopkins University, Morgan State University and King’s College. He has expert knowledge and rich experience of more than a decade. Mr. Adegoke began his career in technology building systems at Goldman Sachs, eBay and PayPal. He has received several notable awards across the globe from Chevron, Northrop Grumman, Lockheed Martin, the State of Maryland, the Nigerian President and more. He and the other co-founders set the tone for Helium Health’s organizational objectives and very welcoming and productive work culture. They are very proactive in their responsibilities and they lead from the front by being examples everyone in the organization emulates.

addressing this challenge by providing training sessions for all personnel prior to the commencement of deployments.

The company’s long term aim is to power the data that runs the African healthcare system. It wants to improve how healthcare is understood and delivered on the continent. In the coming years, the company will be launching a suite of products that are providing solutions tailored to the needs of the different facets of healthcare. It will be providing tools for healthcare patients, providers and payers with the end goal of providing patients with easy access to better care.

Challenges Faced

A Piece of Advice

Describing the challenges, the frontrunner asserts The African healthcare market, while growing, is still at its infancy. Therefore, our growth is constrained by the maturation of the market. Moreover, human capital in this sector is underfunded and underdeveloped. We are

Adegoke advises, “It is important to get as much information as you can before you go into any venture. Learn from the thought leaders of the industry; learn about the trends pushing the industry. Count the cost before you jump and then jump.”

Future Ahead

23

| February 2020 |


Vipul Jain CEO

24| February 2020 |


Industry Insider

FACTS ABOUT THAT EVERYONE IS TALKING ABOUT “

About the Author Vipul Jain, CEO, Advancells, is a serial entrepreneur who specializes in spotting business opportunities in the inchoate stages. An M BA from Rochester Institute of Technology, New York, Vipul established Advancells in 2013. The researchbased company focuses on providing cutting-edge Stem Cell Therapies for patients with life-threatening diseases and also targets lifestyle diseases with anti-aging technology.

S

tem cells are unspecialized cells of the human body. They can separate into any cell of a living being and have the capacity of self-replenishing. Undifferentiated cells exist both in embryos and grown-up cells. There are a few stages of specialization. Formative strength is decreased with each progression, which implies that a unipotent cell cannot separate into several types of cells as a pluripotent one.” For thirty years, scientists and researchers have studied the origin, potential, and other aspects of stem cells. While some believe that all the hard work is not going to reap some benefits, for others it is just the beginning as regenerative medicine can do much more.

In 2006 when adult stem cells were discovered, no one could have thought how these could be reprogrammed to work like embryonic stem cells and give solutions to several chronic illnesses around the world. It is an achievement that scientists have been able to regularly treat concerns like Parkinson’s disease, Alzheimer’s, cardiovascular diseases, retinopathy, hair loss, and more.

Stem cells have several features. To start with, the self-renewing capability is the trademark property of stem cells in regular and diseased tissues. Second, the cells that keep on partitioning over extensive periods are substantially more prone to gather changes that lead to neoplasia and different ailments. Third, the self-renewal of stem cells is constrained by flagging pathways in various tissues. Every one of the characters of stem cells advance leads to new research. In particular, undifferentiated cells can be utilized in new drug tests. Each analysis of living tissue can be performed securely on explicitly separated cells from pluripotent cells. In the event that any unfortunate impact shows up, ingredients can be changed until they arrive at an adequate degree of viability. The medication can enter the pharmacological market without hurting any living being. Notwithstanding, to test the medications appropriately, the conditions must be equivalent when looking at the impacts of two medications. To accomplish this objective, specialists need to oversee the differentiation procedure to create unadulterated differentiated cells. In any case, the way to progression isn’t as smooth as it ought to be. Among the disadvantages, one of the primary points is that this kind of research requires gathering embryonic stem cells.

25

| February 2020 |


Embryonic stem cells are obtained by destroying an unborn organism when collected, which to some is an immediate choice to end a human life. No measure of medicinal research should come at the cost of human life regardless of the number of individuals who could be possibly treated from procedures created from this exploration. Some disadvantages that need experts’ attention are: • The medications created from stem cells are experimental in nature. The best treatment presently is hematopoietic stem cell transplantation (HSCtx). They are 90% compelling and around 50,000 transplants happen every year. • The expense of a single stem cell treatment in the United States is normally about $10,000. A few facilities have discovered approaches to decrease this expense by up to 20%. Outside of the United States, the expenses can be as high as $100,000. The expense of producing an embryonic cell is up to $2,000 per occasion. Administrations rendered to take undifferentiated stem cells may not be incorporated into the treatment cost and could be a few thousand dollars. What’s more, since stem cell medications are experiments in many cases, medical coverage plans, and governmentoffered advantages don’t go for the most part give access to them.

26| February 2020 |

• The ethics of undifferentiated stem cell research will consistently put constraints on the medicinal capability of this examination. People must settle on their own how they will react to the morals of this examination. Is it allowed to modify adult stem cells or embryonic stem cells? What are the outcomes of destroying a developing life to get undifferentiated cells, regardless of whether that embryo would have been disposed of? A few people will feel the whole procedure is dishonest and that can keep creating obstacles in the research. Although the demonstrated advantages of adult stem cell research are to some degree restricted by current scientific technologies, the future capability of this procedure keeps on motivating many scientists and doctors across the world. Numerous chronic ailments, for example, birth defects or disease, are brought about by inappropriate differentiation or cell division. As of now, a few undifferentiated organism treatments are conceivable, among which are medicines for spinal cord damage, cardiovascular breakdown, retinal and macular degeneration, ligament cracks, and diabetes type 1. Undifferentiated cell research can further help in a better understanding of stem cell physiology. This may bring about discovering better approaches for treating chronic ailments.



10 LEADING HOSPITAL T H E

MANAGEMENT SOLUTION PROVIDERS

JVS Group Elevating the Healthcare Industry with Comprehensive Solutions

T

he healthcare industry is steadily advancing, being more effective and efficient while maintaining the highest level of quality and security. Today, patients have become the center for healthcare services in the industry. Organizations, across the industry, are striving to adopt a patient-centric approach to satisfy their needs. Among them, healthcare management software has emerged to play a vital role in the improvement of a patient’s journey.

The company makes one of the most integrated software catering to the needs of Electronic Medical Records (EMR) and Electronic Health Records (EHR). These are cloudready and integrated with doctor portal and patient portal apps. They streamline the transmission of health data between physicians and patients. This ultimately results in better patient care and decision-making.

The healthcare management software assists medical providers to enter and track patient’s information and process respective data accordingly. It helps to increase the productivity and efficiency of a patient’s care. One company that pioneered this clinical software market by developing one of the most integrated healthcare management software is JVS Group.

Behind JVS’s successful endeavors is its Founder and Managing Director, Mr. Saket Singhi. Saket has a strong ability to incubate and develop new business solutions with big results and minimal investments.

Over the last 18 years, JVS has established itself as a global leader in the Electronic Medical Records/Electronic Health Records and Hospital Information System market. Today, more than 18,000 physicians are using JVS products and have over 4.5 million registered patients across 45 countries. A Diverse Range of Solution Equipped with business intelligence is JVS’s flagship product SoftClinic. It is a scalable electronic health records software (EHRs), which caters to the entire healthcare delivery eco-system with modules for primary care, general practice, group practice, day-care centers, small to large corporate hospitals, laboratories, radiology centers, and pharmacies. The product helps JVS’ customers to share their data seamlessly. The company’s medical software solutions have a range of cloud-hosted clinical data management software for interventional cardiology like SoftCath, CardioHealth, and JVS-DiComPlus; OncoSoft for oncology and advance clinical modules in SoftClinic for various specialties like endocrinology, neurology, gastroenterology, infertility, ayurveda, etc.

28| February 2020 |

An Ingenious Mind

With broad-based experience in IT product development and marketing, he has coupled his love for technology to his extensive experience running a product-based IT company. Understanding and empathy for the business are the reasons why he stands among other emerging leaders in current times. When asked about the company’s steady growth in the IT healthcare industry, Saket asserted, “We regularly participate in various international events that discuss the future of healthcare IT to stay relevant and keep us ready for the future. It is a continuous process and we are happy that we have healthcare domain expertise in the DNA of our company.” Overcoming the Challenges To reach the height of success where JVS is today, it wasn’t without any hurdles. The biggest challenge the company faced was the fast penetration into the market with its distinctive products and ideas. Taking the lonely path for more than 10 years, to amass quick growth, the company has continued to work towards the development of the market through the provision of innovative and scalable solutions. Another one of the biggest challenges of JVS was the unregularized market of Healthcare IT in India. As 90% of


Mr. Saket Singhi Founder & Managing Director

We aggressively leverage our unique “ set of assets to provide exceptional value for our the global Healthcare IT spending is targeted towards the US, initially its SoftClinic product grew at a slower pace. However, in the past three years, its growth has catapulted off the charts and by the end of 2020, the company expects to double its customer base. Achieving Milestones along the Way JVS is proud to be one of the pioneers for developing a market for clinical software in India. Today, the company is considered among the leading product-based IT companies in the Healthcare space. Its established products are helping clients in more than 45 countries every day.

shareholders and clients

trying to integrate it to make its software more insightful. This will not only ease the process for physicians but also allow them in decision-making through the elimination of medical errors. In the coming years, the company plans to focus more on the expansion of e-consultation using patient-centric applications and doctors’ portals making healthcare available for everyone who owns a smartphone. JVS is also planning to expand its reach in other parts of Southeast Asia, Europe, Australia, Canada, etc. with internationally compliant EMR software. Words of Wisdom

Since 2007, the company has been an official partner of the Cardiological Society of India. It enables them to successfully run the National Interventional Council (NIC) - Clinical Data Registry. To provide its services for cardiologists, the solution provider has launched its world pioneering plug and play software with a storage device for interventional cardiology. Getting Ready for Future

When asked about advice for emerging entrepreneurs, Saket with his valuable words concluded, “The best advice for any health-tech entrepreneur would be to know your interest area first. If you love healthcare and IT, then only you should get into the healthcare-tech industry. However, if you Dare to Dream, then you can certainly observe your surroundings and pursue your dreams. With consistency, you are surely going to become successful.”

JVS is currently working on Artificial Intelligence (AI) and

29

| February 2020 |


FINDING THE PERFECT

IVF CLINIC

R

eproductive medicine is growing rapidly, providing options for people who face infertility challenges

IVF is usually effective, though not always immediately for all women, research suggests that if you’re considering assisted reproductive technologies to help you conceive, it is suggested that you chose your fertility clinic well and that can improve your odds of a good outcome. But with so many clinics out there to choose from deciding which one best meets your needs can feel a bit overwhelming. You can use the following pointers to help you chose a clinic that meets your needs. • Do some research: All fertility clinic may apparently look the same, but they are not, and it does not hurt to do your homework. You may want to consider inquiring about the success rate of the clinic. While inquiring about the success rates it is advisable to compare oranges to oranges so compare the success rates for your age group and also the kind of treatment that you plan to do. Once you are convinced about the success rates it’s a good idea to have a look at their accreditation you can either look for ISO, ISAR or a NABH accreditation in the Indian subcontinent. Also make sure that the clinic is registered with the ICMR (Indian Council of Medical Research) • Ask Questions: Before you commit to an IVF clinic its always best to ask all the questions that come to mind even if you think they are silly. It’s your treatment and you need to be at peace at what you are proceeding with and it’s your right to know every pro and con about the treatment or any other question that may come to mind. Some of the questions you may consider asking

30| February 2020 |

• The process of IVF per se • How many embryos do they transfer? • What is their embryo freezing program like? What is their contract time period? What will be renewal clause be? • Do they prefer a day 3 or a day 5 transfer? • The technique of fertilization --- ICSI for all or IVF for selected cases? • Do they have an identification system in place for the Gametes? • How are donors screened and allotted? • Will you need genetic screening? • Will you need sperm selection techniques? • What will happen when you get pregnant? who will you follow up with? • What will happen if you don’t get pregnant? • If attempting genetic screening – you may want to ask which lab they are associated with for the analysis? • Do they have a in house full time andrologist and embryologist? • Is it an all under one roof facility? • Find out if they have a psychological counselor or a patient support group: It is important for a fertility clinic to offer indicated medical treatment to help you conceive but it’s also important that there is enough emotional support available while you are embarking on one of the most emotional journeys of your life. Also, if the sessions with the psychologist are chargeable or are free of cost. • Consider the Monitory factors: Always take your financial counseling in written from the clinic. Consider have they given you all the inclusion and exclusion criteria’s in written. The inclusion criteria you may want to look for are gonadotropins, blastocyst transfer and luteal support medicine till Bhcg. Always gauge how transparent


Expert’s Opinion they are attempting to be in their pricing. • Trust your instincts: When you’re considering a fertility clinic, always trust your gut feeling. I think patients’ gut feelings are usually pretty good. “Your gametes are one of life’s most precious commodities take time to get a sense of the people who are going to be handling them for you. Consider how the clinic’s staff talk to you, what they say – how professional does the care feel? Use all of your senses. Is the care personalized and professional enough, so you feel comfortable?” • If applicable to you may want to find out more about the special program the center has: - Who is the andrologist attached with the center if you are going to need testicular sperm extraction?

- If you are looking for social fertility preservation: then you may want to know about their oocyte freezing facilities. Find out how many times you may need to do egg retrievals to freeze the optimal number of oocytes. What is the payment structure? How long will the oocytes be cryopreserved according to the initial contract; how will the renewal clauses be. - Fertility preservation program for cancer patients Even after all the above pointers only you can know which clinic suits you best and always remember A great fertility clinic isn’t just one that can give you effective treatment, it’s one with compassionate staff, clear pricing, seamless administrative processes and exceptional emotional support.

ABOUT THE AUTHOR Dr. Ritu Hinduja, MD, MRM (UK), DRM (Germany), Fellowship in Reproductive Medicine (India, Spain, Israel), and Certificate in Genetic Counseling, is a well-known medical practitioner. She specializes in Reproductive medicine and Infertility treatment and has an experience of more than a decade in it. For her dedication and contribution to the field, she has been honored with various prominent awards like FOGSI Chorion Award for best research,FOGSI- Kumud Tamaskar Award for best research in infertility , FOGSI- Dr Shanti Yadav Award for Infertility MOGS - Dr. Shantabai Gulabchand Traveling Fellowship Award, Dr. Pramila Bhatia-Young Scientist Award and Dr H S Palep Award for the best research in Recurrent Pregnancy Loss.

Dr. Ritu Hinduja MD, MRM (UK), DRM (Germany)

31

| February 2020 |





Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.