There are huge challenges for health systems in India in terms of quality, accessibility, affordability, and inequity. On the one hand, India is home to some of the best hospitals in the world, contributing to a growing medical tourism sector. New ML or other AI technologies could help address a number of these challenges, by improving access to quality healthcare, particularly in rural and low-income settings; addressing the uneven ratio of skilled doctors to patients; improving the training and efficiency of doctors and nurses, particularly in complex procedures; and enabling the delivery of personalized healthcare, at scale. This article focuses on the launch of India’s first AI-enabled retail clinic in the NCR region by AkosMD Healthcare, a leading B2B health-tech start-up in India.
AkosMD Healthcare, a leading B2B health-tech start-up, is all set to open its first smart automated retail clinic in the NCR region. It aims to provide integrated telemedicine services for doctors, insurance players, and clinics, and hospitals. These clinics will be extending care for examining vitals.
AkosMD Healthcare’s integrated portal is designed with a simple and practical layout to guide the user during their assessment by minimizing guesswork and making virtual consultations seamless. Patients have access to most of their medical needs in the one-patient portal. It provides comprehensive telemedicine support, an integrated care management platform (records, analytics, and awareness), Labs and Medicine Support Network, Insurance Tie-ups, Clinical Behavioural Wellness, and Lifestyle Solutions.
“We are excited to launch our first AI/AR-enabled retail clinic here in the NCR region, as a part of Phase-I of our operations. Gradually, we will spread across other parts of India in Phase-II over the next six months to a year,” informs Amit Kumar, Managing Director, AkosMD Healthcare. Specific to conditions about skin and hair, Akos MD Healthcare’s AI/ AR-enabled telehealth clinics allow the patient to do a self-examination with diagnostic tools to collect vital signs and other parameters of hair and skin problems. The software collects the symptoms, identifies diagnostic possibilities, and formulates the treatment plan for any hair or skin-related ailments. The remote provider assesses evaluation and confirms the diagnosis and treatment plan accordingly.
This Noida headquartered health-tech start-up currently offers a highly secure teleconsultation platform integrated with a system capable of flexible scheduling, patient data handling, healthcare record management, payment processing, white-label branding among many other features.
Starting in 2020, AkosMD Healthcare wants to position itself as a key player in the evolving area of tech-based healthcare and wellness management services and use technology & innovation to create comprehensive solutions for `Primary & Preventive Healthcare.`According to Kumar, there is a huge scope to grow in the Indian Health-tech market which comprises six segments- Telemedicine, e-pharmacy, fitness, wellness, healthcare, IT, Analytics, Home health care, and Personal Health management. This segment is currently worth about US$2 billion, which is less than 1 percent of the overall healthcare industry in India.
According to a recent report, the Indian Health-tech market is expected to grow at a 39% compounded annual growth rate (CAGR) over FY 2020-23 and is expected to reach US$50 billion by 2023.