1. Entrepreneurship in Healthcare Dr Sanjeev Singh

3. Where are the entrepreneurs.. Medical Care – Inefficiency Costs are higher; Outcomes unmeasured New ideas are minimal More focus towards volume of care rather than value Low commitment towards quality in delivery David M. Cutler Department of Economics Harvard University

4. What are we looking at.. Innovating in healthcare Finding what’s needed Prioritizing needs Sizing up the market Designing an innovation Gaining commitment Holmes et al. Journal of Innovation, 2012

5. The Conditions are Set for an Epic Decade “ There has literally never been a better time in history to be an innovator or entrepreneur in the healthcare space” -- Todd Park, U.S. CTO Change Healthcare Reform Technology Mobile & Digital Health TODAY Acceleration Chronic Disease, Aging & Cost Opportunity The Golden Age of Entrepreneurship 

6. Rapid Expansion of Digital Health/Wellness 

7. A 10x Solution to Drive Value Creation 

8. Funnelled Entrepreneurship

9. VALUE CREATION Key success factor for value creation.. focus on personal skills & team skills Opportunity recognition Opportunity preparation Opportunity exploitation CTO/COO Culture Capital CFO Economic Capital CEO Strategic Capital CMO Social Capital Theory based on social system theory and entrepreneurship lit. (a.o. Groen c.s., 2005)

10. National Health Care Leadership Health care systems Largest industry sector Growth driven by demographics and international patient care Distinction driven by innovation Broad industry In 2001, ~250 companies Majority in medical devices Some industry leaders (Steris, Invacare, Philips/Picker), many small companies

11. Private Enterprises.. Architect of Modern Healthcare 1983: International Quality in healthcare Business model with intrinsic social conscience Scalable, replicable and Sustainable model Technology and Insurance NAT-HEALTH Telemedicine Padmavibhushan

12. Bringing Cost effective care in pediatric heart diseases

13. Bringing management into Health Science 42 Hospitals across India Mix of charitable and private institute Management model of volumes bringing bottom line Cost effective indigenous production

14. Public Health..making it necessary

15. Reaching the unreached…

16. Healthcare Consultancy..

17. Education ….unexplored

18. Research in Healthcare..

19. Accreditation…Quality in Health

20. Preventive space in health..

21. Preventive Health in unchartered territories…

22. m Health

23. Digital Health..

24. Tapping the untapped potential

25. For making life easy for all….

26. Technology driver…

27. Make in India… Discovery IQ Scanner PET CT is believed to be the best diagnostic innovation in fight against cancer

29. QUALITY @ AIMS The first university teaching hospital to get NABH accreditation AN ISO 9001:2008, NABH, NABL AND NAAC ACCREDITED HOSPITAL

30. Electronic Medical Record

31. E Learning Patient Safety Module

32. Health Technology Assessment A new tool for evidence based decision making to select cost effective services

33. sanjeevksingh@aims.amrita.edu