I recently spoke at a conference in New Delhi on the subject of Teleradiology: Scaling up Diagnostics in India. The talk went well and I enjoyed the conference and the stimulating interaction. What was interesting to me in the conference was the content focused on investment in healthcare. Expressions such as EBITDA now seem to be as much as part of a physician’s lexicon as cholecystectomy.
As one market survey reveals healthcare market in India was valued at 40 billion USD in 2010 and is expected to increase to 280 bn by 2020. Truly a sunrise industry, as the finance folks like to say.
Raising funding in healthcare is truly an art and a science, and it is interesting to see how the investors and investees assess and view each other in such a rapidly evolving environment.
Having grown our own enterprise organically till date, such presentations and interactions as I observed were educational and intriguing.
Other interesting presentations at the conference were on the use of a tablet to collect and transmit telemedicine data from rural India by the Public Health Foundation of India, a presentation on a state of the art bariatric surgery center in Ahmedabad, and an interesting video based presentation from a large Oncology center on changing perception of cancer by sharing patient experiences.
Healthcare Executive who put the conference together did an excellent job, and the memento I received for my talk was an excellent book on Physician Pioneers by Dr Sherwin Nuland a former Yale Surgeon and writer, which was the icing on the cake.