OMRON India Partners with PhableCare to Enter Telemedicine Segment in Indian Market

Healthcare monitoring equipment maker OMRON Healthcare India on Tuesday through a video conference press meet announced its foray into the telemedicine segment through a partnership with PhableCare to provide remote hypertension management services at home.

PhableCare is an artificial intelligence (AI) enabled healthcare management player.

Through the partnership, the company will provide a digital platform that enables hypertensive patients to avail all kinds of services right from diagnosis to monitoring to treatment under one roof, OMRON Healthcare India said in a statement.

With autonomous and AI-based healthcare becoming a reality in the new normal, the association will usher in remote hypertension management service, OMRON Healthcare India Managing Director Masanori Matsubara said.

"So far, OMRON has been contributing towards empowering people to keep track of their heart health by providing quality digital blood pressure (BP) home monitoring solutions. However, with the merging of our synergies with PhableCare, we will be able to make millions of patients utilise the monitoring services efficiently under the supervision of doctors from the comfort of their homes," he added.

The patients will get access to an accurate monitoring device, proper diagnosis, prescription, real-time tracking and monitoring, and even efficient drug delivery and risk analysis under this solution, Matsubara said.

Commenting on the partnership, PhableCare CEO and Co-Founder Sumit Sinha said, "The effort is to bring about a fundamental change in how healthcare is accessed and outcomes are driven for hypertensive patients."

The last few months have brought a major shift in consumer behaviour where a large population is accessing their basic needs through smartphones, he added.

In order to avail of the services, users would have to download the app 'PHABLE' on their mobile devices and choose the right subscription packages, the company said.

Will MindTree touch $1 bn revenue by 2014?

Mid-sized software services firm MindTree, which completed 10 years on Tuesday, will come up with newer strategies as it aims to achieve over $1 billion in revenues by March, 2014. The company, which counts steel-maker Arcelor Mittal and Swedish truckmaker Volvo among its top customers, will be focusing on areas like energy, defence and healthcare. The firm is also targeting newer geographies like Japan.

“We are making strategic investment in defence, working along with DRDO and focusing on areas which deal with the surveillance space. There isn’t much revenue contribution right now, but the potential in long run is great” , said S Janakiraman, president and CEO, R&D services and one of the 10 co-founders of MindTree. MindTree is also building video surveillance , analytics solutions and new telemedicine solutions for the burgeoning rural healthcare market. “We recently had a major win from an Apac telecom firm and an European consumer appliance company. The size of the contracts is worth $5-6 million”, he said.

Mr Janakiraman said that MindTree will be the fastest growing company once the recovery happens as they are making more investments for innovations. “The 15% salary cut of 200 employees out of 8,000 will be immediately restored once business picks up”. MindTree has also bagged a contract for IT services from Swift, the financial messaging provider, and has plans to tap energy sector.

“We have put the team in place and are talking to large energy companies in Europe and the US,” said Anjan Lahiri, president and CEO, IT services and one of the co-founders of MindTree.

Agencies