Business Daily from THE HINDU group of publications Sunday, Aug 27, 2006 |
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Corporate
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New Projects Industry & Economy - Medical Institutions & Hospitals Space Hospitals to expand Our Bureau
Chennai , Aug. 26 Space Hospitals Ltd, a telemedicine service provider, plans to expand its network of satellite medical centres and telemedicine centres involving investments of over Rs 18 crore during the current year. Addressing a press conference here on Friday, Mr Sanjay Bhardwaj, President and CEO, Space Hospitals, said it would set up over 500 satellite medical centres and 800 telemedicine centres. Launched last August, it now has 52 such centres and it has tied up with over 20 super specialty hospitals and a range of regional associate hospitals. Some of the specialty hospitals are Madras Medical Mission, Chennai, KG Hospital, Coimbatore, Rainbow Hospital, Hyderabad, he said. Regional associate hospitals are typically 200-500 bed hospitals offering a range of medical services, he said. A satellite medical centre is a 5-20 bed hospital set up in association with a local doctor. It will have equipment, provided by Space Hospitals, which can feed the patients' diagnostic data real-time on the network for a specialist in a super specialty centre to offer medical advice. A telemedicine centre is more like an outpatient facility for the data can be transmitted to a doctor for consultation. The data does not go out real-time but the patient comes later to get the details, he said.
Mobile facilities
A patient would have to pay about Rs 250-600 a sitting and the income is shared equally among the medical centres, Space Hospital and the consulting hospital. Space Hospitals also offers turnkey services for setting up such facilities - another revenue source, he said. Space hospitals will also create mobile facilities that can reach remote and rural areas and provide such diagnostic services. The objective is that the expertise available in specific centres is made available more widely. There is significant saving for the patient and doctor in time and effort in the initial stages of diagnosis and the patient needs to travel to the specialty centre only when absolutely needed, Mr Bhardwaj said. In the coming year, it hopes to provide its services to over 2.5 lakh patients. Funding, apart from the tie up with the doctors, will also come from Space Hospitals and venture capitalists in the US and UK have offered to pitch in once it has set up 100 such centres, he said.
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