Medical Technology is transforming healthcare diagnosis and treatment,making it affordable and accessible in India. Here are 2 instances which could radically bring down the treatment and diagnostic costs.
Testing Hearing using Portable Audio device.
Testing and measuring hearing loss, is an expensive diagnostic exercise,with the medical equipment costing upwards of Rs 10 lakhs,and also requiring sound-proof rooms,which are costly for a small diagnostic hearing clinic.
Nautilus Hearing is a Hubli-incubated med tech start-up that addresses this problem,both for the audiologist,as well as the patient. The couple Uday and his wife Remy, founders of Nautilus Hearing, have developed a booth-less, portable audiometer that helps doctors conduct ear tests with ease. It also provides a tele-audiology model that helps patients remotely check their hearing.
NR Narayana Murthy of Infosys, trying the Nautilus device .
Costing Rs 2 lakh, which is 80 percent lower than the price for devices currently available, the device tests hearing in 10 minutes, and creates a digital diagnostic report, based on which different solutions and treatments can be given.
Nautilus Hearing won the Karnataka Government’s ELEVATE 100 Programme, through which it raised an undisclosed round of funding. The startup has completed preliminary tests, and will soon start clinical trials. The team tested the device at the All India Institute of Speech and Hearing in Mysore.
Nautilus Hearing is also awaiting medical certifications before it can launch its device in the market.
Source https://yourstory.com/2019/03/startup-bharat-nautilus-hubli-portable-hearing-loss-lpv72epgza
When Yash Sehgal was diagnosed with Type 2 diabetes, he started looking for a single platform that could answer all his queries and help track and manage his condition. To his surprise, he couldn’t find one.
This, considering that India is well known as the “diabetes capital” of the world. According to the World Health Organization (WHO), the number of people with diabetes is rising rapidly in middle and low-income countries, and it is estimated that there will be around 100 million people with diabetes in India by 2030.
Seeing this gap, Yash, who had worked with a large corporate house in Europe and has more than 16 years of experience, and his school friend Gautam Chopra, decided to start BeatO in 2015. The full-stack platform provides information on, and products for diabetes management.
Since 2015, BeatO has expanded to serve 50,000 diabetic customers in over 1,500 cities since last year, and is currently fulfilling 15,000 transactions in a month. The app has seen over 100,000 downloads on Play Store. It had raised $1.3 million in April last year led by Leo Capital and co-led by Blume Ventures.
The BeatO app is connected to a glucometer, which can be plugged into the audio or charging port of a smartphone. The glucometer takes a reading like a traditional meter; this appears on the app, is auto saved, and conveniently organised in the apps’ digital diary.
The user can analyse trends, and share them with in-house caregivers instantly. They can also set instant alerts, which are sent to caregivers in case readings are high or low.
All readings are colour-coded and are also instantly shared with the BeatO diabetes specialists team. The team comprises doctors and dieticians who then provide real-time guidance and intervention if readings are out of the desired range.
“We did this by focusing on a solution that is a combination of technology and healthcare, but keeps the user at the centre,” Gautam says.
The app looks at everything diabetes-related. It provides nutrition tools to help users identify foods that are safe to eat and in what quantity, based on glycemic index (this represents the relative ability of a carbohydrate-rich food to increase the level of glucose in the blood.)
It also helps manage the diet with its own range of specialty, diabetes-friendly foods such as cereals, snacks, seeds, detox drinks, organic rice, and teas. Users can connect with diabetes specialists and sync their fitness trackers such as Google Fit, Fitbit and Healthkit on the app to manage their workout schedules.
“There is a content section on the app that allows people to read articles and watch videos on healthy recipes, tips by qualified doctors, and yoga for diabetics. Besides these, BeatO has also recently forayed into providing special, cost-effective insurance plans for people with diabetes,” Gautam says.
After a lot of trial and errors, Yash and Gautam decided the instrument “should be lightweight and easy to use”. The device currently weighs nine grams and can easily fit into a pocket.
The first challenge, however, was that despite the sizeable diabetic population in India, the team needed to be innovative and proactive to build a compelling proposition that could be available on multiple channels.
The product also needed to be backed with the right certifications. For this, BeatO tied up with FSSAI-registered and GMP-certified facilities in India. Their glucometers and strips are manufactured in ISO 9001:2008 and ISO 13485:2012 certified facilities in China and India.
The smartphone glucometer can be purchased on all ecommerce sites and e-pharmacies, and also through special offers with multiple partners in the B2B segment. The product is priced from Rs 499 to Rs 1499, depending on the number of strips needed.
BeatO's food and retail is available only via their app and website. The food and snacks range is priced between Rs 100 and Rs 250. The Delhi-based startup currently competes with Wellthy Therapeutics, which operates in the same space. Cipla, India’s third largest drugmaker, acquired a 11.71 percent stake in Wellthy in February for Rs 10.5 crore.
Source.
https://yourstory.com/2019/04/delhi-beato-technology-diabetes-management-8uv1q16crf
Further follow-ups will be posted as and when available.
MPSingh
Fmr Chief Comm of Income Tax.
Testing Hearing using Portable Audio device.
Testing and measuring hearing loss, is an expensive diagnostic exercise,with the medical equipment costing upwards of Rs 10 lakhs,and also requiring sound-proof rooms,which are costly for a small diagnostic hearing clinic.
Nautilus Hearing is a Hubli-incubated med tech start-up that addresses this problem,both for the audiologist,as well as the patient. The couple Uday and his wife Remy, founders of Nautilus Hearing, have developed a booth-less, portable audiometer that helps doctors conduct ear tests with ease. It also provides a tele-audiology model that helps patients remotely check their hearing.
NR Narayana Murthy of Infosys, trying the Nautilus device .
Costing Rs 2 lakh, which is 80 percent lower than the price for devices currently available, the device tests hearing in 10 minutes, and creates a digital diagnostic report, based on which different solutions and treatments can be given.
Nautilus Hearing won the Karnataka Government’s ELEVATE 100 Programme, through which it raised an undisclosed round of funding. The startup has completed preliminary tests, and will soon start clinical trials. The team tested the device at the All India Institute of Speech and Hearing in Mysore.
Nautilus Hearing is also awaiting medical certifications before it can launch its device in the market.
Source https://yourstory.com/2019/03/startup-bharat-nautilus-hubli-portable-hearing-loss-lpv72epgza
Diabetes Management for ALL.
When Yash Sehgal was diagnosed with Type 2 diabetes, he started looking for a single platform that could answer all his queries and help track and manage his condition. To his surprise, he couldn’t find one.
This, considering that India is well known as the “diabetes capital” of the world. According to the World Health Organization (WHO), the number of people with diabetes is rising rapidly in middle and low-income countries, and it is estimated that there will be around 100 million people with diabetes in India by 2030.
Seeing this gap, Yash, who had worked with a large corporate house in Europe and has more than 16 years of experience, and his school friend Gautam Chopra, decided to start BeatO in 2015. The full-stack platform provides information on, and products for diabetes management.
Since 2015, BeatO has expanded to serve 50,000 diabetic customers in over 1,500 cities since last year, and is currently fulfilling 15,000 transactions in a month. The app has seen over 100,000 downloads on Play Store. It had raised $1.3 million in April last year led by Leo Capital and co-led by Blume Ventures.
What does BeatO do?
The BeatO app is connected to a glucometer, which can be plugged into the audio or charging port of a smartphone. The glucometer takes a reading like a traditional meter; this appears on the app, is auto saved, and conveniently organised in the apps’ digital diary.
The user can analyse trends, and share them with in-house caregivers instantly. They can also set instant alerts, which are sent to caregivers in case readings are high or low.
All readings are colour-coded and are also instantly shared with the BeatO diabetes specialists team. The team comprises doctors and dieticians who then provide real-time guidance and intervention if readings are out of the desired range.
“We did this by focusing on a solution that is a combination of technology and healthcare, but keeps the user at the centre,” Gautam says.
End-to-end diabetes management
The app looks at everything diabetes-related. It provides nutrition tools to help users identify foods that are safe to eat and in what quantity, based on glycemic index (this represents the relative ability of a carbohydrate-rich food to increase the level of glucose in the blood.)
It also helps manage the diet with its own range of specialty, diabetes-friendly foods such as cereals, snacks, seeds, detox drinks, organic rice, and teas. Users can connect with diabetes specialists and sync their fitness trackers such as Google Fit, Fitbit and Healthkit on the app to manage their workout schedules.
“There is a content section on the app that allows people to read articles and watch videos on healthy recipes, tips by qualified doctors, and yoga for diabetics. Besides these, BeatO has also recently forayed into providing special, cost-effective insurance plans for people with diabetes,” Gautam says.
How does the device work?
After a lot of trial and errors, Yash and Gautam decided the instrument “should be lightweight and easy to use”. The device currently weighs nine grams and can easily fit into a pocket.
The first challenge, however, was that despite the sizeable diabetic population in India, the team needed to be innovative and proactive to build a compelling proposition that could be available on multiple channels.
The product also needed to be backed with the right certifications. For this, BeatO tied up with FSSAI-registered and GMP-certified facilities in India. Their glucometers and strips are manufactured in ISO 9001:2008 and ISO 13485:2012 certified facilities in China and India.
The smartphone glucometer can be purchased on all ecommerce sites and e-pharmacies, and also through special offers with multiple partners in the B2B segment. The product is priced from Rs 499 to Rs 1499, depending on the number of strips needed.
BeatO's food and retail is available only via their app and website. The food and snacks range is priced between Rs 100 and Rs 250. The Delhi-based startup currently competes with Wellthy Therapeutics, which operates in the same space. Cipla, India’s third largest drugmaker, acquired a 11.71 percent stake in Wellthy in February for Rs 10.5 crore.
Source.
https://yourstory.com/2019/04/delhi-beato-technology-diabetes-management-8uv1q16crf
Further follow-ups will be posted as and when available.
MPSingh
Fmr Chief Comm of Income Tax.
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