'Indian Healthcare Sector is Growing at a 15% CAGR to Reach $158.2B by 2017' - Rakesh Kumar, Founder & CEO, Save Your Health
Save Your Health Business Model is a combination of SaaS sales, commission from buyer seller match-making, ad-space selling, It is completely free for Users.
Save Your Health is a healthcare company that provides complete healthcare services like homecare, book doctor appointments, order medicines, consult doctors online, manage digital health records, read health tips, health videos, health blogs, health news and find medical centres such as hospitals, clinics, labs, medical colleges, medical universities etc. in the comfort of your home.
Save Your Health is building India’s first virtual sexual health web-based platform where, address sexual health problem because it allows the user to anonymously consult with verified sexologists, psychologists & gynaecologists, have video chats telephonic calls and text-based consultations from the comfort of home.
This platform also provides Free Health Checkup and Blood Donation Camp. It is providing healthcare services in urban, rural and slum areas using technology.
That’s why clients, families, doctors, clinics and hospitals across the country recommend Save Your Health first for exceptional healthcare platform. This platform also provides software solutions for the healthcare environment enabling health professionals to efficiently manage their patients and peoples to find, review and book appointments with doctors in a specialty, allows patients to email their doctor directly with questions and even treatment updates.
In an interaction with Sujata Sangwan of BWDisrupt, Rakesh Kumar, Founder & CEO of Save Your Health, shares details about the company.
We provide specialist doctors, skilled nurses, and physiotherapists for home visits who have passed our rigorous hiring standards and have had their backgrounds and medical knowledge verified by senior doctors. We facilitate lab tests at home and medical equipment rentals, making health care more accessible for our patients. As the Medicare program describes, home health care is unique as a care setting not only because the care is provided in the home, but the care itself is "usually less expensive, more convenient, and just as effective" as care given in a hospital or skilled nursing facility. As a result of using our services, our patients are able to stay in their homes longer, save money, and have peace of mind.
Our goal is to ensure you are satisfied with your care and your goals are met. We focus on listening to your needs and partnering with you to provide the best care and treatment solutions. Our job at Save Your Health is simple: Listen, Understand, Partner, Solve, and enrich each life we serve. We believe home health serves you and your family, or caregivers, so our services include supporting, teaching, and educating your family members and/or caregivers. Additionally, we believe in a focus on your safety and confidence in the home allowing you to stay independent at home. We also partner with you and your physician to ensure your care plan meets these goals. At Save Your Health, our sales and clinical team members act as an extension of the physician’s office team, ensuring your doctor stays informed of your progress, goals and outcomes.
We recognize communication and care coordination with your physician is in the best interest of you and your care. We are working to be a part of the solution to our country’s healthcare challenge – to improve care while reducing cost. Our attention and effort is focused on appropriate care planning and the prevention of adverse events, such as re- hospitalizations, and the appropriate management of chronic conditions, ultimately decreasing the cost of healthcare.
Come up with the idea: Growth in Healthcare Service
According to an India Brand Equity Foundation (IBEF) healthcare report, Indian healthcare sector is growing at a 15 per cent CAGR to reach $158.2 billion by 2017. Healthcare has become one of India’s largest sectors in terms of revenue and employment, and the sector is expanding rapidly. Healthcare comprises hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance and medical equipment. The Indian healthcare sector is growing at a tremendous pace due to its strengthening coverage, services and increasing expenditure by public as well private players. During the 1990s, Indian healthcare grew at a compound annual rate of 16%. Today the total value of the sector is more than $34 billion. This translates to roughly 6% of GDP. By 2012, India’s healthcare sector is projected to grow to nearly $40 billion and by 2020 it will be around US $280 billion. Indian healthcare sector is growing at a 15 per cent CAGR to reach US$ 158.2 billion by 2017.
With the World Health Organization’s 2000 World Health Report ranking India’s healthcare system at 112 out of 190 countries. The private sector accounts for more than 80% of total healthcare spending in India. Indian healthcare sector is growing at a 15 per cent CAGR to reach US$ 158.2 billion by 2017. The total industry size is expected to touch $160 billion by 2017 and US$ 280 billion by 2020. By 2050, the populace of India is estimated to touch 1.6 billion outshining China as the densely inhabited nation in the world. Moreover, with an increase in contagious and chronic degenerative ailments, the role of Indian healthcare service provider becomes even more comprehensive. The services offered by Health Care Service Provider in India range from insurance to medical treatments, air ambulance services to various surgeries, etc. Their services are unique and exclusive and are assisted by fully equipped laboratories executing wide range of exploratory tests. During 2008-20, the market is expected to record a CAGR of 16.5 per cent and the total industry size is expected to touch US$ 160 billion by 2017 and US$ 280 billion by 2020. Growing population and economy one driver of growth in the healthcare sector is India’s booming population, currently 1.2 billion and increasing at a 2% annual rate. By 2030, India is expected to surpass China as the world’s most populous nation. By 2050, the population is projected to reach 1.6 billion. The growing elderly population will place an enormous burden on India’s healthcare infrastructure. India's competitive advantage lies in its large pool of well-trained medical professionals. India is also cost competitive compared to its peers in Asia and Western countries. The cost of surgery in India is about one-tenth of that in the US or Western Europe.
A/C to Pacific Bridge Medical, Global home healthcare market, including devices, products and services, was worth almost $215 billion in 2013. It is continue growing at 8%/year through the end of the decade. The Asian healthcare device market segment (not including home health services or other products) is expanding especially quickly and will reach $15 billion in 2017, up from $2 billion in 2012. The Indian home healthcare industry is valued at almost $2.3 billion and is expanding at more than 18% per year. Sleep apnea is another attractive area for home healthcare, as an estimated 160 million Indians have the disorder.
Background of core team
All MBBS doctors in advisory board and medical team members has more than 5 years experienced on their own fields.
Save Your Health Founder: Rakesh Kumar
I am 23 year old and have more than 2 year industrial experience in Python Programming Language and published 20 research papers in different International Journal and National Conferences. I am also a member of the IACSIT, SCIEI, UACEE, IAENG and CSTA as well as RHCSA, RHCE, MCP and IBM DB2 Certified. My research interests includes Cloud Computing, Big data, Hadoop, NoSQL and NewSQL.
In August 2016, the Save Your Health has incubated by Startup Oasis, a Jaipur-based incubation centre set up at the joint initiative of RIICO, Rajasthan’s premiere industrial promotion organization, and the Centre for Innovation, Incubation and Entrepreneurship at IIM-Ahmedabad.
Revenue, traction and growth
Save Your Health Business Model is a combination of SaaS sales, commission from buyer seller match-making, ad-space selling, It is completely free for Users. Save Your Health handles 1k patient from home healthcare, 500 listed doctors and 1000+ monthly booked appointments and 2000+ queries regarding medical centres. Save Your Health Business Model now claims to be Fully Fledged Wellness services aggregator, and have ended up providing services for Pathological Test Bookings, Medicine Delivery, Spa and Saloon Appointment Bookings etc.
Currently, Save Your Health giving operational in 6 countries (Brazil, Indonesia, Philippines, Singapore, India and Malaysia) and planning for other countries like South Africa, New York, Thailand and Turkey etc. for giving complete healthcare services.
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