Hospital Information System Market in India February 2015
Executive Summary Market
Drivers & Challenges
Trends Government Initiatives
SAMPLE
Hospital Information System market in India was valued INR 7.6 bn in 2013 and is expected to reach INR 19.1 bn by 2018 There are numerous players in the market, both foreign and domestic Drivers: Booming healthcare industry Growing medical tourism Growing health insurance market Need for database for recording medical cases Low HIS penetration
Challenges: Low spending in IT infrastructure Lack of IT training in initial career stages Lack of awareness
Telemedicine Cloud Computing
Lacking of initiatives by the government Expected role of the government Major Players
Competition
Wipro Ltd.
Tata Consultancy Services Ltd.
HOSPITAL INFORMATION SYSTEM MARKET IN INDIA 2015.PPT
Infosys Ltd.
2
•Macroeconomic Indicators •Introduction •Overview of Modules •Major Modules •Market Overview •Drivers & Challenges •Trends •Role of Government •Competitive Landscape •Strategic Recommendations •Appendix HOSPITAL INFORMATION SYSTEM MARKET IN INDIA 2015.PPT
3
Economic Indicators (1/3)
SAMPLE
GDP at Factor Cost: Quarterly INR tn 15
13
13.71 13.14 12.47
13.69 13.06 12.41
12
11.61
11.65
14
14.71 14.04 13.36
14.15 13.51
12.75
11
Q1
Q2 2010-11
2011-12
2012-13
Q3 2013-14
Q4
Inflation Rate: Monthly %
2 1
0.85
1.26 0.42
0.83
0 -1 -2
-1.65 Jul 2013 - Aug 2013
Aug 2013 - Sep 2013
Sep 2013 - Oct 2013
Oct 2013 - Nov 2013
HOSPITAL INFORMATION SYSTEM MARKET IN INDIA 2015.PPT
Nov 2013 - Dec 2013 4
Applications of Information Technology in Healthcare – Summary Hospital Information System (HIS)
IT Enabled Healthcare Electronic Medical Record (EMR)
Personal Health Record (PHR)
Increasing application of Information Technologies in healthcare is improving the treatment procedures and patient services HOSPITAL INFORMATION SYSTEM MARKET IN INDIA 2015.PPT
5
Information Technology enabled healthcare services can solve the problem of information accessibility Hospital Information System • Hospital Information System can be used to optimally utilize the information collected from the healthcare industry • HIS allows physicians or hospital administrators to take informed decisions • HIS helps in smooth flow of day to day operations and medical services within all the departments of a hospital • Hospital workflow is evaluated and monitored effectively • Patient records are updated and made immediately available
Electronic Medical Record
Stepping stone to seamless integration of records
SAMPLE
• A longitudinal collection of electronic health information of individuals which is accessible by authorized users for provision of knowledge, decision-support systems and helps in increasing the efficiency of healthcare delivery • This redefines medical record accessibility with nil dependence on paper based record • Serves as a handy back up for doctors in emergency cases • Helps in medical history record maintenance and accessibility
HOSPITAL INFORMATION SYSTEM MARKET IN INDIA 2015.PPT
Helps in accessibility of information
6
SAMPLE
Hospital Information System – Major Modules (1/4) HIS has the capability to make hospital administration very methodical Registration and Appointment
• Effective management of front desk activities including registration, appointment, availability of doctors and patients’ personal, physical, clinical and demographic information • Provides enquiry assistance regarding the admitted patients and sends reminders to the patients about the appointment schedules
Electronic Medical Record
• Helps in recording clinical details of patients which can be accessed by authorized agents • Real time recording of tests and medication • Organized data record with least scope of incorrect entries
Emergency Unit Management
• • • •
Patient is monitored from the time he is admitted in the hospital till the time he is discharged Provides guidance to critical patients from the emergency ward to the respective bed Alerts are sent to the concerned department and doctors for efficient handling and care of such patients Further consulting, pharmacy and surgical details are provided
ADT Management
• • • •
Manages transfer and allocation of bed for patients Effective evaluation of patient condition with follow up of medication from doctors and nurses E-prescribing medication Helps in appropriate discharge of patients along with a comprehensive discharge summary
Ambulance Availability
• • • •
Keeps a check on the hospitals available Manages the scheduled and emergency services Manages emergency facility provided in ambulances Provision of communication facilities HOSPITAL INFORMATION SYSTEM MARKET IN INDIA 2015.PPT
7
Increasing focus towards the betterment of the patient services will help the Indian Healthcare IT market to flourish HIS - Market Overview
Market Size and Growth
• Indian healthcare IT market was valued at INR 23.5 bn in 2012 and is expected to reach 89.55 bn in 2018 • Patient demographic changes, the growth in chronic diseases and importance of patient safety is increasing the demand for health information technology (HIT) • Companies such as Blackberry, HCL and HP are investing heavily in healthcare technology and Google is planning a centralized healthcare database for consumers • With the introduction of a hospital information system (HIS), picture archival and communications system (PACS), and electronic health record system (EHR), volumes of data storage has been increasing rapidly • EMR/HIS (electronic medical records / hospital information system) is slowly being used in tertiary corporate hospital groups and in selected remote government run primary health centers
INR bn
On Jan 26, 2014, Nizam’s Institute of Medical Sciences (NIMS) was the first government hospital in Andhra Pradesh with an established Hospital Information System (HIS)
20 15 10
19.1
+20.0%
6.4
7.6
9.1
10.9
15.8 13.1
5 0 2012
2013 2014e 2015e 2016e 2017e 2018e
SAMPLE
HOSPITAL INFORMATION SYSTEM MARKET IN INDIA 2015.PPT
8
Drivers & Challenges - Summary
Drivers
Challenges
Booming healthcare industry
Low spending in IT infrastructure
Growing medical tourism
Lack of IT training in initial career stages
Growing health insurance market
Lack of awareness
Need for database for recording medical cases Low HIS penetration
HOSPITAL INFORMATION SYSTEM MARKET IN INDIA 2015.PPT
9
Trends – Summary
Telemedicine
Cloud Computing
HOSPITAL INFORMATION SYSTEM MARKET IN INDIA 2015.PPT
10
SAMPLE
Porter’s Five Forces Analysis
Impact x Threat of New Entrants
Impact x
Bargaining Power of Suppliers
Impact x
Competitive Rivalry
Impact x
Bargaining Power of Buyers
Impact x
Threat of Substitutes
HOSPITAL INFORMATION SYSTEM MARKET IN INDIA 2015.PPT
11
SAMPLE
Competitive Benchmarking (2/5)
Key Ratios of Top 3 Companies – Operational Basis (FY 2013) (1/3) Operating Margin
%
Net Margin
40 30
a1 b1
20 10
a2
b2
a3
b3
0
Company A
Company B
Company C
• Company A recorded operating margin of x1%, higher than that of Company B which recorded operating margin of y2% but lower than that of Company C which recorded operating margin of z3% • Net margin for Company A , Company B and Company C are a1%, b2% and c3% respectively, wherein Company A has the highest net margin among these three companies
HOSPITAL INFORMATION SYSTEM MARKET IN INDIA 2015.PPT
12
Public: Domestic Company – Company 1 (1/5)
SAMPLE
Company Information
Offices and Centres – India
Corporate Address Tel No. Fax No. Website Year of Incorporation Ticker Symbol Stock Exchange
Mumbai
Head Office
Products and Services Category
Products/Services
Key People Name
Designation
Person 1
MD and Executive Director
Person 2
VC and VC of Share Transfer Committee
Person 3
Director
Person 4
Director
HOSPITAL INFORMATION SYSTEM MARKET IN INDIA 2015.PPT
13
Public: Domestic Company – Company 1 (2/5)
SAMPLE Key Ratios
Financial Snapshot Total Income
d
z1
s
a3
a1
r
c b
a4
a2
e
Particulars
Net Profit/Loss
z2
z3
z4
a
q p
2010
2011
2012
2013
Financial Summary • The company earned a net profit of INR x1 mn in FY 2013, as compared to net profit of INR x2 mn in FY 2012 • The company reported total income of INR y1 mn in FY 2013, registering an increase of y2% over FY 2012 • The company earned an operating margin of z1% in FY 2013, an increase of z2percentage points over FY 2012 • The company reported debt to equity ratio of a1 in FY 2013, an increase of a3% over FY 2012
2013
2012
2011
2010
Profitability Ratios Operating Margin Net Margin Profit Before Tax Margin Return on Equity Return on Capital Employed Return on Working Capital Return on Assets Return on Fixed Assets
Cost Ratios Operating costs (% of Sales) Administration costs (% of Sales) Interest costs (% of Sales)
Liquidity Ratios Current Ratio Cash Ratio
Leverage Ratios Debt to Equity Ratio Debt to Capital Ratio Interest Coverage Ratio
Key Financial Performance Indicators Indicators
y-o-y change (2013-12)
Value (20/03/2014)
Efficiency Ratios Fixed Asset Turnover Asset Turnover Current Asset Turnover Working Capital Turnover Capital Employed Turnover Improved
MEDICAL TOURISM MARKET IN INDIA 2014.PPT
Decline
14
Public: Domestic Company – Company 1 (3/5)
SAMPLE
Key Business Segments Segment 1 C%
a1%
B%
b1%
Key Geographic Segments
Segment 2
b2%
Region 1
b3%
b4%
A%
Region 2
C%
x1%
B%
y1%
x2%
x3%
x4%
2010
2011
2012
2013
A% 2010
2011
2012
2013
Business Highlights Description
News
Overview
• The company has operations in Country A, Country B and Country C that offers treatment for acute and chronic diseases in primary, secondary and tertiary care sectors
• Specializes in 50 specialties comprising cardiac sciences, oncology, radiology and imaging, Services
gastroenterology, neurosciences, orthopedics, critical care services and in minimally invasive surgeries and transplantation
• Operates retail pharmacy outlets all across the country
HOSPITAL INFORMATION SYSTEM MARKET IN INDIA 2015.PPT
15
Public: Domestic Company – Company 1 – SWOT Analysis (5/5)
SAMPLE S
W
O
T
HOSPITAL INFORMATION SYSTEM MARKET IN INDIA 2015.PPT
16
Private: Domestic Company – Company 2 (1/5)
SAMPLE
Company Information
Offices and Centres – India
Corporate Address
Tel No. Fax No. Website Year of Incorporation
Mumbai
Head Office
Products and Services Category
Products/Services
Key People Ready Meals
Name
Designation
Person 1
Director
Person 2
Director
Person 3
Director
Person 4
Director
Instant Mixes
Others
HOSPITAL INFORMATION SYSTEM MARKET IN INDIA 2015.PPT
17
Private: Domestic Company – Company 2 (2/5)
SAMPLE
Shareholders of the Company
Name
Ownership Structure
No. of Shares held
Segment Segment
Segment
19.0%
23.6%
HOSPITAL INFORMATION SYSTEM MARKET IN INDIA 2015.PPT
57.4%
18
Private: Domestic Company – Company 2 (3/5)
SAMPLE
Financial Snapshot Total Income
Net Profit/Loss a3
t s
Key Ratios
a2
f d
b1
b2
b3
b4
c b
p
a 2008
2009
2010
y-o-y change (2013-12)
2013
2012
2011
2010
Profitability Ratios e
a1
r q
a4
Particulars
2011
Financial Summary
Operating Margin Net Margin Profit Before Tax Margin Return on Equity Return on Capital Employed Return on Working Capital Return on Assets Return on Fixed Assets
Cost Ratios Operating costs (% of Sales) Administration costs (% of Sales) Interest costs (% of Sales)
• The company earned a net profit of INR x1 mn in FY 2011, as compared to net profit of INR x2 mn in FY 2010
Liquidity Ratios
• The company reported total income of INR x3 mn in FY 2011, registering an increase of x4% over FY 2010
Leverage Ratios
• The company earned an operating margin of x5% in FY 2011, an increase of x6 percentage points over FY 2010 • The company reported debt to equity ratio of x7 in FY 2011, a decrease of x8% over FY 2010
Current Ratio Cash Ratio Debt to Equity Ratio Debt to Capital Ratio Interest Coverage Ratio
Efficiency Ratios Fixed Asset Turnover Asset Turnover Current Asset Turnover Working Capital Turnover Capital Employed Turnover Improved
HOSPITAL INFORMATION SYSTEM MARKET IN INDIA 2015.PPT
Decline
19
Private: Domestic Company – Company 2 (3/5) Business Highlights Description
SAMPLE News
• Company 2 has hospital network in Country A, Country B and Country C and is primarily headquartered in Overview
Country D • Presently located in 10 cities in India having hospitals in Region 1, Region 2 and Region 3
Facilities
• Has core specialties in heart care, brain and spine, bone and joint and minimal access surgery • Provides advanced medical diagnostics and treatment with personal care
Recognitions
• Obtained NABH accreditation within one and a half years of beginning operation in India • Hospital A, Region 1, Hospital B, Region 2 has been NABH accredited
HOSPITAL INFORMATION SYSTEM MARKET IN INDIA 2015.PPT
20
Private: Domestic Company – Company 2– SWOT Analysis (5/5)
SAMPLE S
W
O
T
HOSPITAL INFORMATION SYSTEM MARKET IN INDIA 2015.PPT
21
Thank you for the attention Hospital Information System Market – India report is part of Netscribe’s Healthcare Industry Series. For any queries or customized research requirements, contact us at: Phone: E-Mail:
+91 22 4098 7600 info@netscribes.com
About Netscribes, Inc. Netscribes, Inc. is a knowledge-consulting and solutions firm with clientele across the globe. The company’s expertise spans areas of investment & business research, business & corporate intelligence, content-management services, and knowledge-software services. At its core lies a true value proposition that draws upon a vast knowledge base. Netscribes, Inc. is a one-stop shop designed to fulfil clients’ profitability and growth objectives. Disclaimer: This report is published for general information only. Although high standards have been used in the preparation, “Netscribes” is not responsible for any loss or damage arising from use of this document. This document is the sole property of Netscribes and prior permission is required for guidelines on reproduction. HOSPITAL INFORMATION SYSTEM MARKET IN INDIA 2015.PPT
22