Devi Shetty to leverage frugal engineering for medical fraternity

Strikes JV with US-based TriMedx to take costs out of healthcare centres in India

The frugal engineering on which reputed cardiologist has made healthcare accessible at 14 of his hospitals across India, would now be available for the healthcare fraternity to tap into.

In a move to make healthcare accessible for many more, Dr Shetty is set to institutionalise many of his innovations into a separate company, in which US-based TriMedx, a subsidiary of multi-billion dollar will be a joint venture partner. specialises in reducing expenses, maximise utilisation and drive profitability through innovative management programs centered on medical technology assets.

Speaking to Business Standard, Dr Shetty, chairman and founder, Narayana Hrudayalaya, said there are immense possibilities through this joint venture, all aimed at taking healthcare to every nook and corner of the country. Many medical equipment start to offer an upgrade once every five-seven years to the hospitals and many of them may not be in a position to go in for upgrades for many a reason. “What we intend to offer is how we can extend the lifecycle of a costly MRI or any other major equipment and almost double the life of the equipment with our joint expertise,” Dr Shetty detailed.

While Dr Shetty has been at this mission of making healthcare accessible to one and all, has helped more than 1,000 healthcare providers reduce expenses, increase patient throughput and profitability through in-sourced health technology management programs. Delivering 99 per cent uptime, round-the-clock response and unbiased, total-cost-of-ownership equipment data, has saved its clients $166 million to date.

From thermometers to MRIs, manages over 750,000 devices across every modality —biomedical, imaging, laboratory and offers expert consulting for comprehensive lifecycle management, such as capital equipment and technology planning, capital equipment selection and procurement, inventory validation and management, patient safety assessment, asset investment recovery and total cost of ownership analysis.

This new joint venture is one of the many the two major healthcare providers — and Ascension Healthcare are planning. They have already come together to set up an expansive healthcare city in the Cayman Islands in an equal joint venture, which would have about 2,000 beds over a period of time at an initial cost of $60 million.

image
Business Standard
177 22
Business Standard

Devi Shetty to leverage frugal engineering for medical fraternity

Strikes JV with US-based TriMedx to take costs out of healthcare centres in India

Raghuvir Badrinath  |  Bangalore 

The frugal engineering on which reputed cardiologist has made healthcare accessible at 14 of his hospitals across India, would now be available for the healthcare fraternity to tap into.

In a move to make healthcare accessible for many more, Dr Shetty is set to institutionalise many of his innovations into a separate company, in which US-based TriMedx, a subsidiary of multi-billion dollar will be a joint venture partner. specialises in reducing expenses, maximise utilisation and drive profitability through innovative management programs centered on medical technology assets.

Speaking to Business Standard, Dr Shetty, chairman and founder, Narayana Hrudayalaya, said there are immense possibilities through this joint venture, all aimed at taking healthcare to every nook and corner of the country. Many medical equipment start to offer an upgrade once every five-seven years to the hospitals and many of them may not be in a position to go in for upgrades for many a reason. “What we intend to offer is how we can extend the lifecycle of a costly MRI or any other major equipment and almost double the life of the equipment with our joint expertise,” Dr Shetty detailed.

While Dr Shetty has been at this mission of making healthcare accessible to one and all, has helped more than 1,000 healthcare providers reduce expenses, increase patient throughput and profitability through in-sourced health technology management programs. Delivering 99 per cent uptime, round-the-clock response and unbiased, total-cost-of-ownership equipment data, has saved its clients $166 million to date.

From thermometers to MRIs, manages over 750,000 devices across every modality —biomedical, imaging, laboratory and offers expert consulting for comprehensive lifecycle management, such as capital equipment and technology planning, capital equipment selection and procurement, inventory validation and management, patient safety assessment, asset investment recovery and total cost of ownership analysis.

This new joint venture is one of the many the two major healthcare providers — and Ascension Healthcare are planning. They have already come together to set up an expansive healthcare city in the Cayman Islands in an equal joint venture, which would have about 2,000 beds over a period of time at an initial cost of $60 million.

RECOMMENDED FOR YOU

Devi Shetty to leverage frugal engineering for medical fraternity

Strikes JV with US-based TriMedx to take costs out of healthcare centres in India

The frugal engineering on which reputed cardiologist Dr Devi Shetty has made healthcare accessible at 14 of his hospitals across India, would now be available for the healthcare fraternity to tap into.

The frugal engineering on which reputed cardiologist has made healthcare accessible at 14 of his hospitals across India, would now be available for the healthcare fraternity to tap into.

In a move to make healthcare accessible for many more, Dr Shetty is set to institutionalise many of his innovations into a separate company, in which US-based TriMedx, a subsidiary of multi-billion dollar will be a joint venture partner. specialises in reducing expenses, maximise utilisation and drive profitability through innovative management programs centered on medical technology assets.

Speaking to Business Standard, Dr Shetty, chairman and founder, Narayana Hrudayalaya, said there are immense possibilities through this joint venture, all aimed at taking healthcare to every nook and corner of the country. Many medical equipment start to offer an upgrade once every five-seven years to the hospitals and many of them may not be in a position to go in for upgrades for many a reason. “What we intend to offer is how we can extend the lifecycle of a costly MRI or any other major equipment and almost double the life of the equipment with our joint expertise,” Dr Shetty detailed.

While Dr Shetty has been at this mission of making healthcare accessible to one and all, has helped more than 1,000 healthcare providers reduce expenses, increase patient throughput and profitability through in-sourced health technology management programs. Delivering 99 per cent uptime, round-the-clock response and unbiased, total-cost-of-ownership equipment data, has saved its clients $166 million to date.

From thermometers to MRIs, manages over 750,000 devices across every modality —biomedical, imaging, laboratory and offers expert consulting for comprehensive lifecycle management, such as capital equipment and technology planning, capital equipment selection and procurement, inventory validation and management, patient safety assessment, asset investment recovery and total cost of ownership analysis.

This new joint venture is one of the many the two major healthcare providers — and Ascension Healthcare are planning. They have already come together to set up an expansive healthcare city in the Cayman Islands in an equal joint venture, which would have about 2,000 beds over a period of time at an initial cost of $60 million.

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard