The health information exchange is a point that connects a healthcare provider to all information needs with respect to its hospital and patient records, says Dinesh Samudra, CEO, Palash Healthcare Systems
Please share with us the latest product that you have launched for the healthcare sector?
We have launched an exclusive service for the healthcare Industry. All the healthcare institutions currently maintain the patient records in their own premises and there is one information set which is present with the patients. There is no centralised location where all the information is available for a better treatment programme. So we have created a portal where we have attempted to get the healthcare providers, consultants and patients together to interact with each other and thus meet the challenge of carrying and multiplying the medical records. The Health Information Exchange is a point that connects a healthcare provider to all information needs with respect to its hospital and patient records. The elimination of the need of a physical health record of the patients for the hospital and consulting doctors empowers them to get access to patients data anytime anywhere thus ensuring that the hospital delivers a 24×7 services to its patients. A direct advantage of this info being readily available is improvement in speed of delivery of care, quality and safety becomes better and brings down the cost for hospitals to keep themselves connected to their patients roundthe- clock. The SWARM Health Information Exchange has three components that are interconnected Consulting Connect, Palash Practice and Palash Fingertips. These will operate across administration, doctors and patients for simplification of processes, effective compliance and improved health outcomes.
What are your reflections on the Union budget presented for 2015-16 for healthcare sector?
The budget clearly indicates that the Government of India has a focus on healthcare and education. This government and the budget clearly indicate their intention on measures to improve the healthcare infrastructure and delivery in India. There have been some announcements to increase the adoption of health insurance and we hope that many such measures will follow as we move forward in the financial year 2015- 16. The main impetus of technology in the healthcare holds immense promise and will gain more grounds if the healthcare providers adopt and implement healthcare information management systems this will help them streamline their process, become quality oriented and will be able track the flaws in the entire system and take better care of the patients by just one simple solution that weaves hospital, consultants and patients together.
Please share with us your projections of growth and expansion for 2015-16 financial year?
Last year was a great year for us and we booked orders worth US$ 2 million and 150 percent growth in profits, so we are looking at becoming a US$ 100 million company in the next five years. We are aggressively working towards our global presence. Currently we are in 16 countries with focus on Middle East, Africa and South East Asia markets. We have also started our work operations from London, UK recently and are looking to foray and expand our presence across European markets from our London location. We already have our presence in the US market through one of our partners, and we aim to expand our presence even across pockets in the US and maybe go independent in two year or so in that market.