Category — Healthcare
“India is fast emerging as a center of excellence in joint replacement surgery. It is not only patients from smaller cities or rural areas that come to several metro cities to have their knee replacement surgeries performed, but also patients from several international locations ” says Mudit Khanna, orthopedic consultant at the Mumbai-based Wockhardt Hospital.
Gargi Ghosh, a physiotherapist with AktivOrtho a rehabilitation center in Delhi, said that over 100,000 overseas patients visit India every year for high-end knee surgeries and that the Indian government was easing restrictions on citizens of many countries, making it easier for them to travel to India for such surgeries. With every new advancement in the transplant process, ways were being developed to minimize the invasive nature of the procedure, she added.
The Statesman reports that India is expected to have a $2 billion industry serving overseas patients by the end of 2015.
June 24, 2015 No Comments
Wipro GE Healthcare shipped out the first Computed Tomography system designed and developed in India to a hospital in Pune, in the western state of Maharashtra.
“This is the first CT system to be entirely designed, developed and manufactured in India,” said Milan Rao, President and CEO, GE Healthcare South Asia and Managing Director, Wipro GE Healthcare. He said that the system has been co-created by 500 different healthcare providers with 75 engineers at the technology center dedicated to the project. GE has on hand 50 orders from across the country for the new machine, reports The Hindu Business Line.
At approximately $0.16 million, the new machine is nearly 40% lower- priced than legacy GE product, and included in its features are a 36 percent lower radiation with a smart dose; a 28 percent lower life cycle cost; and a 50 percent reduction in weight as compared to a traditional machine.
To ensure the availability of skilled manpower to operate the sophisticated machines in smaller towns, the company has set up a skill development business section to train new technicians as well as upgrade the skills of existing personnel.
June 24, 2015 No Comments
New Zealand-based Volpara Solutions made its first sale in India of its Quantitative Breast Imaging Tools. These tools help reduce subjectivity in the assessment of breast tissue density and improve the prediction of the risk of breast cancer, reports Wellington.Scoop.
The purchase was made by the Post Graduate Institute of Medical Education and Research located in Chandigarh and the tools will be used for research purposes. High breast density increases cancer risk by 4-6 times compared to low breast density. India’s National Cancer Registry Program reports a rising incidence of breast cancer in younger patients and the institute will use the software to better understand not only why India’s cancer risk is rising, but also the differences in cancer risk among its different ethnic populations.
“This is an important first sale into such a major global economy with a massive population and rising incidence of breast cancer which our software can help understand and hopefully reverse,” said CEO of Volpara Solutions Ralph Highnam, PhD.
June 22, 2015 No Comments
To ensure ethical marketing practices by pharmaceutical companies, India’s government has charted a code of conduct for the industry, beginning this year. The Uniform Code of Pharmaceutical Marketing Practices has been modeled on the Medical Council of India guidelines for doctors and healthcare professionals which prohibits doctors from accepting freebies from pharmaceutical companies or the healthcare industry.
The code bans gifts, hospitality, medical samples, and medical grants, and clarifies the relationship with healthcare professionals. Regarding gifts, it says, “no gifts, pecuniary advantages, or benefits in kind may be supplied, offered or promised to persons qualified to prescribe or supply drugs, by a pharmaceutical company, or any of it agents including retailers, distributors or wholesalers,” reports The Times of India. “In any seminar, conference or meeting organized by a pharmaceutical company for promoting a drug or disseminating information, if a medical practitioner participates as a delegate, it will be on his/her own cost,” it continues.
This code exhibits similarities to the 2010 Physician Payments Sunshine Act of the United States, a healthcare law that was enacted to increase transparency of financial relationships between healthcare providers and pharmaceutical manufacturers; ensure patient safety; and flag areas of potential conflicts of interest.
June 9, 2015 No Comments
Mydentist’s chain of clinics in six cities across the western states of Gujarat and Maharashtra promise affordable dental care to all people looking for dental services. This chain of clinics was started by Vikram Vora who began his career as a medical representative and his younger brother Parth Vora, a management graduate. Seedfund Advisors invested $2.8 million and Asia Healthcare Fund invested $7.4 million in this venture.
Pravin Gandhi of Seedfund Advisors said, “The idea was to make it [dentistry] affordable, and at the same time, not compromise on the quality of service. The whole notion of dentistry is not well-known in India. We felt that because the proposed model was capital efficient, more clinics could be rolled out. It could take dentistry to the people.”
Clinics have been set up close to residential areas. Affordable payment mechanisms, either through credit cards or monthly installments, are made available to patients. To help with the fear factor, 95 per cent of mydentist’s 400-strong workforce is female, reports Man’s World, India. Additionally, because each clinic is linked to a cloud-based computer system, a patient can start a treatment at one clinic, say near his/her office, and continue it at any other clinic near their home for the following visit, since all records are available online. And since clinics are open every day of the week from 9 am – 9 pm walk-ins are accepted along with people that have prior appointments.
According to Gandhi, the brothers plan to roll out clinics in another 30 cities in Maharashtra and Gujarat in the coming years.
June 8, 2015 No Comments