Identifying the tell-tale signs of susceptibility to impending diseases at an early stage and opening the window to a world of cost-effective interventions is what a new start-up named HealthSignz intends to do.
“We would like to offer round-the-clock personalised, effective, and integrated healthcare for the entire family. This will help us position ourselves as life long partner for healthy living and as a holistic human care and wellness company,” says a professional quartet, that has launched the venture out of Hyderabad.
Ram Papa Rao, a healthcare expert with 35 years experience is the founder chairman; Vinod P Nair, a former NASA scientist, specialises in artificial intelligence and business strategy; Hanumantha Rao is the technology driver and CEO; and Surendranath, is the marketing chief of this venture.
“We have done a few years of groundwork, used big data analytics, focussed research, and conceptualised the initiative. The engine for he growth will be the proprietary mobile platform, that will incorporate the `3 Tier HS’ healthcare model built by the team using SMAC (social, mobile, analytics, cloud) and IOT (Internet of Things)”, they explained to BusinessLine.
The initial investment is $2.5 million. The dedicated teams total 60 now. In phase-1, to be up by the first quarter of 2016, the physical presence will grow to two metros, the staff strength will touch 500-plus, and the expected investment will be $45-50 million. Financial institutions and private equity firms have evinced an interest in investing in the venture, they said.
The team wants to reinforce the adage, `Health is wealth’. At a time when the spends on healthcare are ballooning as preventive care is yet to get its rightful place in our overall health management, HealthSignz wants to show the way. It will have expertise from general practitioners, specialists, diagnostics, big hospitals, and a range of services delivered through apps on mobile.
Most of the technology development work has been done at Bengaluru, where HealthSignz has a 150-strong team. The mobile platform will be ready for operation by the year-end. In the meantime, support activity, that forms part of the wellness and wholesome health, will be extended, they said.