“Train­ing of doc­tors to­day is a ma­jor is­sue world­wide” Dr Ashish V. Rawan­dale-Patil, Director, Te­j­naksh Health­care

BioSpectrum (India) - - BIO CONTENT - Prapti Shah prapti.shah@mmac­tiv.com

Since its in­cep­tion in 2008, Dr Ashish Rawan­dalePatil, director, Te­j­naksh Health­care, has taken the com­pany from a small urol­ogy hospi­tal to a mul­ti­c­ity, mul­ti­spe­cialty, mul­ti­fac­eted health­care chain. Known for his tough busi­ness de­ci­sions and the urge to chal­lenge the sta­tus quo, he has mul­ti­ple cre­den­tials up his belt. BioSpec­trum spoke to him about the com­pany’s plans to of­fer af­ford­able health­care sys­tem to ru­ral pop­u­la­tion. Edited ex­cerpts;

Are there any fur­ther ac­qui­si­tions planned?

We are aim­ing to add 70 to 100 beds per year and we are ac­tively look­ing for op­por­tu­ni­ties take over more hos­pi­tals.

How much rev­enue is Te­j­naksh Health­care mak­ing cur­rently? How will these ac­qui­si­tions help in boost­ing the rev­enue of the or­ga­ni­za­tion?

Te­j­naksh has re­cently de­clared its re­sults, Rev­enues for FY18 was at Rs 14.84 crore, reg­is­tered a growth of 98.67 per cent, PAT was at Rs 3.22 crore, grown by 68.59 per cent. The re­cent ac­qui­si­tions have helped in in­creas­ing our pres­ence and bed count in mul­ti­ple cities and also our brand pres­ence. As we have adopted lease model the prof­itabil­ity would be higher as com­pared to ac­quir­ing hos­pi­tals on out­right ba­sis, where in capex re­quire­ment is high and break even time is long.

What are the chal­lenges that you have faced in tak­ing the com­pany from a small urol­ogy hospi­tal to a mul­ti­c­ity, mul­ti­spe­cialty, mul­ti­fac­eted health­care chain?

We have not ex­pe­ri­enced any ma­jor hur­dles in our growth path. How­ever, the health­care sec­tor is cap­i­tal in­ten­sive with large in­vest­ment in to build­ings and equip­ment. At the cur­rent in­ter­est rates achiev­ing the breakeven point for a hospi­tal is takes longer. Hence at present we have adopted the model of leas­ing hos­pi­tals. Even Te­j­naksh needs more cap­i­tal to grow in the next cou­ple of years.

Tell us about Uroin­no­va­tion Foun­da­tion es­tab­lished by you and how it has helped doc­tors in do­ing in­no­va­tions.

In­dia has big tal­ent in med­i­cal field and many in­no­va­tions have not reached the level of com­mer­cial pro­duc­tion. Uroin­no­va­tion Foun­da­tion has been started to bring out ideas of lead­ing doc­tors in the coun­try and tak­ing them up to com­mer­cial pro­duc­tion and launch­ing stage in the mar­ket. We have made good progress on this front and many doc­tors have joined this foun­da­tion and we are jointly work­ing with shared in­tel­lec­tual prop­erty rights with these sci­en­tists and mov­ing to­wards get­ting these ideas to the com­mer­cial plat­form.

What steps have you taken to en­sure pro­vi­sion of af­ford­able health­care sys­tem in In­dia?

Te­j­naksh Health­care is con­tin­u­ously creat­ing in­no­va­tive tech­nol­ogy with its re­search work. We are mod­i­fy­ing the ad­min­is­tra­tive ways and also try­ing to in­crease the clin­i­cal pro­duc­tiv­ity us­ing var­i­ous strate­gic de­ci­sions.

Train­ing of doc­tors to­day is a ma­jor is­sue world­wide as eth­i­cal con­straints re­strict new doc­tor to train on pa­tients. Te­j­naksh has struck the very roots of it and has suc­cess­fully com­menced its patented sim­u­la­tion pro­gram with in­dige­nously man­u­fac­tured patented sim­u­la­tors. PCNL Sim­u­la­tor is an artificial body cre­ated for the ex­trac­tion of kid­ney stones from the body of a pa­tient. This is used for stone ex­trac­tion prac­tice for bud­ding urol­o­gists. Te­j­naksh sim­u­la­tors al­low eco­nom­i­cal train­ing of the young doc­tors. At present 5 PANG PERC Sys­tem, Flu­o­roscopy Free Sim­u­la­tor, Di­la­tion Bench, Punc­ture logic bench, USG guided Sim­u­la­tor, Flu­o­roscopy Guided Sim­u­la­tor, Por­ta­ble Flu­o­roscopy Sim­u­la­tor are be­ing man­u­fac­tured and be­ing used for train­ing. Our in­stru­ments are de­vel­oped in In­dia, and prov­ing to be a small step to­wards af­ford­able health­care in the coun­try.

Te­j­naksh con­tin­ues to fathom newer av­enues, break­through newer achieve­ments and is reach­ing newer heights. Qual­ity health­care at an af­ford­able cost, strat­egy in­no­va­tions, health­care in­stru­men­ta­tion and in­no­va­tions, sim­u­la­tion labs and re­lated ed­u­ca­tion hubs is now what Te­j­naksh is look­ing for­ward to in the fu­ture.

Dr Ashish V. Rawan­dale-Patil, Director, Te­j­naksh Health­care

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