Business Standard
Thursday, Feb 16, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||||||Technology| 
 Section Home | News Now | Features & Analysis | IT/ITES | Telecom | Hardware | Columnists | Gadgets & Gizmos
Home > Tech World Live Markets | Commodities
 
'The healthcare sector is a little tech-averse'
Bibhu Ranjan Mishra / Bangalore November 16, 2007

'The healthcare sector is a little tech-averse'
Q&A: Randall A Lipps
Bibhu Ranjan Mishra / Bangalore Nov 16, 2007, 23:03 IST

In 2004, you already had three development centres in the US. Why the fourth one in India? And why a BOT model instead of starting your own?

We looked at India, primarily to secure access to the great intellectual capital here. None of our competitors had an India operation at that point. We were a young company then, and for us to work out of the Silicon Valley of India (Bangalore) made sense. Now we are able to develop products faster than our competitors.

 Click here for Cloud Computing
 
We thought of de-risking our business by opening a centre in India. Our largest competitor was three times bigger than us. So we had to be wiser in spending our money on R&D. Besides, I know it is difficult sometimes to do projects like these in India. At that time, we found a partner like Aditi, and they did a great job in establishing our India centre in about a year.

What is your plan for the India development centre. What is the growth roadmap?

India is the largest centre for us outside of our global headquarters in Mountain View. We have over 70 people in India focussed on three major areas.

This includes working on the next generation of our software products, software quality testing and proactive remote monitoring of our customers’ systems. Our headcount in India will grow at the same rate as our annual growth which is 20-30 per cent.

Unlike BFSI and telecom, healthcare traditionally is not considered to have a great appetite for technology.

True. Healthcare is not like the traditional technology sector. They are a little technology averse. It takes five to seven years for a hospital to implement the same system that a business can do in one year.

Because, it is not about software or technology. It is about user modification. User modification in a hospital is very difficult, and requires a lot of training. Hospitals are really focussed on clinical activities, not technology.

So, simple things like monitoring back-ups are difficult things for hospital. To move away from paper to electronic is very difficult to implement even if you have the money. Because, it is about behaviour modification. Because you will have the people tuned to what the customers are concerned about, and what they want is change without disruption, which is almost a contradiction.

Is it also similar in the US, where over 90 per cent of your customers are located?

Every hospital that I go into today, has three or four big strategic objectives for the next two-three years. To improve patient safety significantly is the first or second among these. In the US, the fastest-growing expense in the hospital is in the areas of drugs. Most of our solutions and services are centered around patient safety in the hospitals by reducing medication errors.

The world of pharmacy is extremely complex. The more the number of drugs created or deployed, it becomes more difficult for the doctor concerned, the nurse and even the patient, to understands all those drugs.

A system like ours can solve a lot of errors or problems in hospitals revolving around the wrong drugs or even may be the right drugs, but in the wrong time or even may be the right drug but the wrong dose (amount).

Last year, for instance, some small children in a very well-known hospital in the US died due to wrong and look-alike drugs. They did not have a system at that time. This is a big opportunity for us.

But hospitals may prefer different vendors...

Hospitals typically claim to have the ‘best of the breed’ solutions. While oncologists need a system that is best required for cancer patients, the emergency department needs a different system. There is a lot of standardisation within the configuration of electronic medical records (EMRs).

This allows you to address such issues. The EMR is still in its infancy, and it is not user-specific. You might create an electronic record, but that is just a record and it is not stored somewhere for retrieval in future.

And if you go to a different doctor, he does not have access to that since this is stored in a different system in a different hospital. But we have countries that now mandate a single system for the storage of medical records.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Wall Street opens flat as data offsets Moody's warning
- Govt to talk to all parties for consensus on Lok Pal
- Kingfisher needs more funds to remain going concern: auditors
- We don't want player retention policy in future IPL: Roy
- ONGC may invoke force majeure clause for 2 KG blocks
  Read Business news in 
- Now property search gets more exciting than ever before!
- We live for our family. have you secured them?
- Office 365 for professionals and small businesses.
- India's No. 1 Property Site. Click here to know more..
- Diseases earlier, Saving Costs, Extending Lives. Know More..
- Enjoy the journey as much as the destination. click to know more..
- Improve Patient Care & Experience. Click here to know more
- Health is Wealth..... Insurance + Savings... Know More...
Sorry, comments to this story are closed
Latest Messages
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
Most Popular
Read
E-Mailed
Commented
   
- Leela parts ways with Kempinski
- Kanika Datta: The importance of being SRK
- Nestle: Food for thought
- Tailor-made but not good enough
- Star-studded jury honours corporate excellence
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
  Hot Searches  
 
IRFC bond |  Antrix-Devas |  Rafale fighter |  Junglee |  IPL 5 |  Dhanlaxmi Bank |  Thomas Cook |  TCS |  Sarfaesi Act |  Vodafone |  Aakash tablet |  Sodexo |  Rupee |  Samsung Galaxy Note |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  Anna Hazare |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us