Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

As technology becomes a determining factor for surgical operations, hospitals are investing in increasing capital-intensive equipment despite the low case volume. Health care providers spend

As technology becomes a determining factor for surgical operations, hospitals are investing in increasing capital-intensive equipment despite the low case volume. Health care providers spend more than $45 billion annually on medical equipment that often remains unused for up to 90 percent of their functional life.

On the other hand, there is a dearth of medical infrastructure and equipment in India's tier 2 and tier 3 cities. Hence, there is a requirement to bridge this gap by providing access to these underutilized types of equipment from healthcare providers to Tier 2 and Tier 3.

Huge capital expenditures are involved when buying medical equipment & those are lying unutilized many times. These costs are deterrent to the hospital when they are planning to buy equipment.

The medical technology sector in India is projected to reach US$ 50 billion by 2025. Between 2020-25, the diagnostic imaging market is likely to expand at a CAGR of 13.5%.

Our Solution

image text in transcribed
Health Genie, a medical equipment-sharing platform working on a cloud- based software solution to cater to the needs of the health care facilities by giving them access to hundreds of equipment versus what is within its own walls

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

1119563097, 9781119563099

Students also viewed these General Management questions