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Former iGate CEO Phaneesh Murthy to launch an online healthcare marketplace

healthcare marketplace

Former iGate CEO Phaneesh Murthy is planning to launch an online healthcare marketplace that will initially connect chemists and druggists to consumers, reports Business Standard. The company, PM Health & Life Care, later plans to offer a range of healthcare related services such as an online platform where patients can store medical records and physicians can directly prescribe medicine based on these records. The marketplace is expected to be operational within a year. Apparently, the company also has plans of launching fulfillment centers across the country for faster delivery.

The report mentions that Murthy’s iGate colleagues and senior vice presidents at the company, Hemant Kumar Bhardwaj and Anil Bajpai have come onboard as the co-founders of PM Health & Life Care, and will be serving as CEO and CTO respectively. Also part of this company are Harshit Singhal and Umesh Naidu, who will serve as CFO and COO respectively. Murthy, CSS Corp CEO Tiger Ramesh and Opus Group Chairman Ramesh Mengawade have invested $3.2 million as seed money in the company.

Competition

Delhi-based HealthKartPlus.com already offers a similar service, however it only delivers medicines in Delhi NCR and Chandigarh. It had expanded to Bangalore in November 2013, but now seems to have stopped deliveries in the city. HealthKart also operates offline stores. There are other medicine e-stores as well, like MediDart.com and BuyDrug.in. Snapdeal also has a Pharmacy products section, though it only offers very basic over-the-counter medicine and healthcare products.

PM Health & Life Care’s other plan, to allow patients to store medical records and provide doctors access to it, is also not new. Hyderabad-based healthcare company eVaidya offers paid plans for health record storage and phone, video conferencing, chat and mobile consultation, besides doctor appointment bookings. Mumbai-based MediAngels.com also allows patients to upload details of past medical consultations, including prescriptions, reports, CT scans, etc. up to a maximum of 15 MB as attachments. They have the option to buy more space if they want to attach more documents. Then there is Doctors Time, which also offers a similar service. It provides 10 MB of space to save medical records.

Image Credit: Flickr user Clean Wal-Mart

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    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ