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June 2017

Mohammad Anas Wahaj | 16 jun 2017

Healthcare analytics can help in building better patient-doctor relationships for better health outcomes, achieving better operational efficiencies, personalization at a larger scale, targeted customer acquisition and more. Madhu Aravind, CEO of Searchlight Health, explores India's healthcare analytics scenario and what impact it can have in addressing the challenges faced by India's healthcare ecosystem. India's healthcare have some fundamental issues - Cost of healthcare is increasing at 20%; Shortage of 1.5 million doctors and 2 million hospital beds; Only about 5% of the middles class have health insurance. According to Mr. Aravind, 'If healthcare analytics needs to have an impact in India, then it has to tackle some of these fundamental issues...If one can aggregate information from multiple sources and build models that leverage these technologies (Natural Language Processing; Imgage recognition; Speech analysis; Large-scale computing power), then real value creation is possible.' FOR HOSPITALS: Customer acquitisition; Operational efficieny; Clinical delivery. 'The advent of digitization, abundant computing power and new age machine learning models, will enable the formulation of principles from observations from millions of people, creating the foundation for personalized medicine.' FOR INSURERS: Increase middle class coverage; Create customized products; 'Understand disease propensity in detail and also fully model the cost of care needed to manage various conditions.' FOR PHARMACEUTICAL SECTOR: Real world evidence to power R&D, clinical trials etc. India's healthcare analytics faces challenges - Lack of skilled talent; HealthTech spending is less than 1% of the health organization's budget. Read on...

The Economic Times: Healthcare analytics in India - Opportunities and challenges
Author: Madhu Aravind


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