India Needs To Rethink And Restructure Its Healthcare Data Policy For Healthtech Success

India Needs To Rethink And Restructure Its Healthcare Data Policy For Healthtech Success

SUMMARY

Data from India will shape global healthcare, said Rahul Gandhi in a recent interview

Currently, less than 5% of healthcare data is collected in India

Lack of access to healthcare is a bigger challenge that startups are looking to solve

India is the second most populated country in the world with over 1.3 Bn people. The growing population has significantly increased the demands for basic amenities such as food, clothing, shelter, jobs, and healthcare.

While deep technology penetration has definitely improved the quality of the healthcare industry and also led to many healthtech startups and offerings in India, the opportunities are not equally available to the entire country due to increased population.

A recent report revealed the grim situation of the healthcare industry in India which said that the country has a shortage of an estimated 6 Lakh doctors and 2 Mn nurses. Apart from this, private Indian healthcare is not affordable for a majority of citizens, while public healthcare infrastructure is not adequate for the Indian market.

According to data by the US-based Center for Disease Dynamics, Economics & Policy (CDDEP), the major healthcare problems are further fueled by the government’s limited investment in the space, and low allocation for healthcare projects in the national budget.

The report explained that 65% of healthcare in India is beyond the affording capacity of general people and is also driving almost 57 Mn people to poverty each year.

While the costs of healthcare service alone is enough to discourage Indians from getting treatments, lack of doctors and healthcare services forms the death blow to this industry. According to the World Health Organization, India had one doctor for every 921 people, as of December 2017.

With access to healthcare being a huge challenge, Indian healthtech startups are not yet focussing on data processing for the Indian market. But Rahul Gandhi believes that India’s moment in the healthcare data market will come soon.

Restructuring Data To Change Global Healthcare Landscape: Rahul Gandhi

In an interview with Bloomberg Quint, the Indian National Congress president said that India has the capability to shape the global healthcare space.

Gandhi highlighted the importance of making strategic global bets such as green revolution, computer revolution to understand how India interacts with the world.

According to him, one such bet can be the healthcare industry. “A really big, powerful bet is in completely rethinking about what healthcare is in India and understanding that India has the capability, because of its unique nature, because of its population, to shape global healthcare,” said Gandhi.

Speaking on a strategic level, Gandhi said that currently, the big questions include how to shape the data collection in the country.

 “What oil is to Saudi Arabia, data is to India and Indian healthcare data will shape global healthcare” – Rahul Gandhi

He also explained that the answers to the data problem lies with the existing stakeholders. Last year in March, in a move to record healthcare data in India, the Ministry of Health and Family Welfare had issued a draft of the Digital Information Security in Healthcare Act (DISHA) which proposed national and state electronic health authorities to monitor the collection of digital health data.

“The purpose of the act is to provide for electronic health data privacy, confidentiality’ security and standardization and provide for establishment of National Digital Health Authority and Health Information Exchanges and such other matters related and incidental thereto,” the draft noted.

Importance Of Healthcare Data In India

As Indian healthcare services have a difficult time coping up with the growing demands, lack of healthcare data is one of the major drawbacks in this sector.

According to reports, the Indian medical delegates at the Asean Chambers of Commerce and Business Meet held in February asked the government to start collecting medical data from hospitals across the country in order to better treat illnesses. Currently, less than 5% of healthcare data is collected in India.

Experts who came together during the meet highlighted that only 400 out of the 62K hospitals collect medical information of the patients. This healthcare data is important to find further developed solutions to different forms of diseases.

In an interaction with Inc42, Kanav Hasija, CTO of healthcare SaaS provider Innovaccer said, “United States has solved the issue of access to care. And by access to care, I mean, if you go to even a very rural part of the US, you have critical access hospitals next door to help them and serve their needs. In India, the first problem to solve is access to care. Not more than 4% people who need care, get the right care at the right time”.

He also added that this fraction of the population is restricted to the cities of India and that the biggest challenge is to remove this gap before healthtech businesses can even consider the challenge of structuring healthcare data for the Indian market.

This is a major problem for healthcare startups in the country, which are getting big data-driven business from the Western markets. Many startups today are working to solve the access challenge, which is the biggest hurdle right now. When the access to care challenge is solved, the data from Indian healthcare system could indeed shape global healthcare data.

Step up your startup journey with BHASKAR! From resources to networking, BHASKAR connects Indian innovators with everything they need to succeed. Join today to access a platform built for innovation, growth, and community.

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
UNLOCK 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
UNLOCK 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

India Needs To Rethink And Restructure Its Healthcare Data Policy For Healthtech Success-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

India Needs To Rethink And Restructure Its Healthcare Data Policy For Healthtech Success-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

India Needs To Rethink And Restructure Its Healthcare Data Policy For Healthtech Success-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

India Needs To Rethink And Restructure Its Healthcare Data Policy For Healthtech Success-Inc42 Media
India Needs To Rethink And Restructure Its Healthcare Data Policy For Healthtech Success-Inc42 Media
You’re in Good company