Table of Contents
01 The Health Tech Monthly Roundup
02 Mantra Goes Global
03 Challenges in Healthcare
04 Delivering Intelligent Patient Experiences With Wearables
05 Integration Readiness in Healthcare
The Health Tech Monthly Roundup
A quick roundup of the month’s latest health tech activity, both in India and globally.
- Bihar-based health tech firm, Medanjali raised $1 million in seed funding.
This additional funding will be used to strengthen the start-up operations, purchasing, and infrastructure and to develop a wide network of hybrid health centers across the nation, particularly in rural areas.
- AIIMS Delhi partnered with IIIT-Delhi to advance Digital Health Technologies
This alliance aims to create cutting-edge healthcare solutions using AI, ML, and computational genomics for improving clinical medicine, public health, and biomedical research and offer better patient experience and healthcare delivery.
- Budget on digital solutions and technology initiatives to go up in the next 12 months, reveals the recent survey.
According to a survey carried out by Grant Thornton Bharat and the Association of Healthcare Providers, 84% of respondents plan to significantly increase the budget on digital solutions and technology initiatives in the next 12 months.
- Budget Update for Healthcare:
The government has allotted ₹89,155 crores to the healthcare sector in the Union Budget 2023-24, an increase of around 13% from last year. The National Tele Mental Health Programme’s budget has been increased from 121 crores to 133.73 crores, and the National Digital Health Mission’s budget has climbed from 140 crores to 341.02 crores.
- Axena Health garnered $25 million in a Series A Investment round.
The funds generated will be utilized to advance the implementation of digital health solutions for female incontinence worldwide.
What does the Digital & Connected Patient Experience of Tomorrow look like?
Read the blog, here.
Mantra Goes Global!
We at, Mantra Labs are pleased to announce that we now have an office in North Carolina, US.
The new office will serve as a key center for our existing American clientele, while also introducing the full range of the company’s technological capabilities to the market. Mantra plans to attract and hire the city’s highly skilled talent in the coming months.
Challenges in Digital Health
Cybersecurity: All India Institute of Medical Sciences (AIIMS) had five servers hit, and an estimated 1.3 terabytes of data was encrypted. These kinds of cases make cybersecurity one of the top priorities. The most sensitive kind of data apart from one’s financials would be their physical and mental health records. According to a survey jointly carried out by Grant Thornton Bharat and the Association of Healthcare Providers, 66% of healthcare professionals and leaders are not confident that their technology infrastructure is sufficient to prevent cyber threats. Whilst advancing in the process of virtual care, privacy should be kept as one of the top priorities to retain customers.
Empathy: As more and more people turn to their smartphones and laptops for answers related to their medical symptoms, it becomes a responsibility to be empathetic towards them during their treatment. With technology in the scene, it might become a challenge. But for IT and healthcare to coexist, empathy is the answer.
Read the blog, here.
Delivering Intelligent Patient Experiences With Wearables
There are several anecdotes from around the world as to how the Apple Watch’s state-of-the-art ECG feature helped save lives by alerting the wearer to slight anomalies in their homeostatic process. This can further be extended to patients with chronic diseases who can be equipped with wearable biosensors that collect data at regular intervals. When coupled with smartphones, sensors can be a potent combination for remote patient monitoring as it will allow doctors to set up systems that alert patients in case they display early signs of a severe ailment. This would enable hospitals to unclog their wards and make way for more severe cases that might require in-person care for the patients.
Read the full blog here
Integration Readiness in Healthcare
In the next ten years, Cisco predicts that 500 billion sensory devices with 4-5 signals each will be connected to the Internet of Everything. This will create about 250 sensory data points per person on average. This wealth of data is ushering in a new wave of opportunities within healthcare. Deriving new interactions from the patient’s journey can be quite arduous. As the health consumer is being ushered into the ‘age of experiences’, the onus is on digital healthcare enterprises to make them more relevant, emotional, and personalized.
By preparing for ‘Integration Readiness’, healthcare providers can access new patient demand pools from tier-2 & tier-3 cities, identify insights about the health consumer’s life cycle needs, and leverage new technologies to draw in more value from these interactions than ever before. Consequently, hospitals will be able to drive improved margins from reduced administrative costs and gain higher utilization through increased demand.
Why Interoperability is Key To Unlocking India’s Digital Healthcare Ecosystem
Read the blog here
Business cognizance for the new-age digital insurers