India is a country having more rural areas over urban areas and people are also less literate. According to the data revealed by world Health Organisation’s one doctor needs to be available for every 1,445 people. And some of the doctors are based out of the metros also, which makes more difficult for people residing in rural areas to get the quality and 100% properly facilitated healthcare services.
But nothing to worry about as we all are the part of 21st century, advancement of technology has now enabled doctors from urban India to treat patients in rural areas remotely. But with the new threats like the corona virus, only video-call consultations are not enough. And this is where Telemedicine comes in demand, which not only includes services like video call consultations but also having facilities like self-monitoring devices, disease screening solutions, and healthcare management solutions.
Telemedicine is start-ups that helps patient to get doctors virtually through various different tech mediums. Generally, these start-ups are focussed on solving the lack of specialised doctors in Tier 2 and Tier 3 Indian cities. According to Mckinsey report, India could save up to $10 Bn in 2025, by using telemedicine instead of in-person doctor consultations, which is very good for our country economy. Prominent telemedicine start-ups in India may also include Practo, mfine, Lybrate, and Docsapp.
In early 2017, Bengaluru-based Practo had raised $55 MN Series D funding round led by Chinese conglomerate Ten cent. With this round, the company is estimated to have raised about $179 MN in total funding from a list of investors including Sofina, Sequoia India, Google Capital, Matrix Partners, and more.
While Delhi-based Lybrate had raised $10.2 MN in Series A funding from Tiger Global Management, Ratan Tata and existing investor Nexus Venture Partners in 2015. Meanwhile, Bengaluru-based DocsApp has raised $1.6Mn from a venture debt lending firm InnoVen Capital earlier in upcoming months. There is another telemedicine start-ups mfine who works for the patients bank trust on established hospital brands and enables patients to consult with the doctors through its app with several more features.
The Telemedicine is an incredibly interesting sector. The complete data about patient and environmental context are extremely important and through telemedicine you can connect that data quickly in a digital format. This is a platform which has more than 2000 doctors, more than 50 healthcare specialists, super specialists, personal family physicians, Ayurveidic and homeopathic doctors are on board. And all knows their responsibility very well and show full dedication and enthusiasm while treating their patients.