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CIO Review >> Magazine >> June - 2014 issue

The Indian healthcare industry has progressed at an impressive pace over the past few years. The private sector has emerged as a vibrant force in the industry, accounting for almost 74 per cent of the country’s total healthcare expenditure. The Indian healthcare revenue stood at $ 68.4 billion in 2011 and is expected to reach $ 158.2 billion by 2017. Of the total healthcare revenues in the country, hospitals account for 71 percent, pharmaceuticals for 13 percent and medical equipment and supplies for 9 percent.

Healthcare is at the brink of an evolution. With more and more healthcare organizations embracing technology, the entire face of healthcare management is soon to get metamorphed. In this changing landscape, the healthcare industry is fast moving towards being characterized by simplified operating environments with easy-to-access real-time information. This will affect the transparency and all aspects of accounting & financial reporting that helps the healthcare organizations in efficient management.

Although, managing the IT infrastructure for a healthcare organization is a complex, time-consuming and hectic job. More than 40 percent of the total resolution time is spent on problem isolation and root cause analysis rather than actually solving the problem in any healthcare organization. Automatic audit of the IT infrastructure in real time gives unparalleled visibility into all systems. Additionally, 75 percent of a typical IT budget is spent on just maintaining existing IT operations while 8 percent still rely on spot checks for security.

But the situation isn’t as grave as it seems since there are many healthcare IT service providers in the market which, with their innovative solutions, help organizations weather these challenges. Of the entire lot, siliconindia brings out the names of “40 Most Promising Healthcare & Life Sciences Software Companies” which offer solutions to their clients with various innovative ways. With the help of this list, you can single out the company that can best serve your requirements and help your organization function more dexterously.

20 Most Promising Healthcare & Life Sciences Software Companies

Company Founder Founded Description
Accutest Research Laboratories (I)
Navi Mumbai
Dr. Satish Sawant, Founder & CEO 1998 A Contract Research Organization that provides BA/BE services, formulation development, clinical trials and analytical services for biologics
AFour Technologies  
Subodh Parulekar, Co-Founder & CEO
Mahesh Kulkarni, Co-Founder and MD
2007 A provider of IT services for mobility, e-commerce, healthcare and education sector using virtualization and cloud services
ALTEN Calsoft Labs
Ramandeep Singh,
1992 A provider of embedded product engineering, software development and industrial design services for different verticals including healthcare 
AUSA Technical Solutions
Vikas Patel,   Founder & Technical Director
Dr. Sumeet Gaikwad, Managing Director
2007 A provider of solutions for the management of the IT infrastructure of healthcare organizations
Busysoft Systems  
Kamal Kant Gupta, Director 1988 Aprovider of IT solutions in  sectors such as healthcare and Process monitoring and control system 
Cal-Info Systems
Shuhab Ahmed, CEO 2004 A provider of prized technology solutions that are highly capable of changing the face of healthcare in rural India  

Clinicea Healthcare India
Lalit Surana, 
Hemesh Soni, 
2012 A provider of EMRwith the most comprehensive Practice Management solution for Doctors, Clinics & Hospital OPDs
New Delhi
Dr. Ashwini Kumar, 
2009 A service provider of outstanding regulatory consultancy services to the pharma, food/nutraceuticals, cosmetic, biological, medical device industry, clinical research industry and FMCG sector to Indian and global companies
e-Zest Solutions 
Debanjan Purkayastha,
Practice Head, Healthcare
2000 A provider of healthcare product engineering services with 13+ years of experience that helps startups to transform healthcare IT product ideas into reality and industry leaders to sustain existing products
G-Cube Solutions
Manish Gupta, CEO 2000 A provider of CMMi Level 3 e-Learning products and services with global delivery and support footprint to verticals like Life Science, BFSI and others
Amit U Jain,
2013 A provider of software for Multi-specialty & Super-specialty Hospitals, Nursing Home, Eye Hospitals, Infertility Management Centers, Consulting Physicians, Cardiologists, Gastroenterologist,Nephrologists, among several others 
ICONS Infocom   
Manish R. Goenka,
Country Head-Speech Recognition , Imaging & Display Solution
2000 A provider of indomitable speech recognition software product that aids healthcare providers to improve the quality of care by enhancing the productivity and efficiency

iLogy Healthcare Solutions Bengaluru

Dr. Bimal John,
Founder& CEO
2006 A provider of specialized medical content based solutions and domain expertise for the global healthcare industry
KTwo Technology Solutions 
Dr. Anant R Koppar, Founder 2007 A provider of Healthcare IT Products / Solutions & consulting company, delivering end-to-end solutions to distinguished clientele
Nous Infosystems
Ajith J Pillai, CEO 1996 A provider of IT software services offering integrated solutions through domain knowledge, technology expertise, usability engineering consulting and others to Healthcare, BFSI, Retail and Education industry verticals
Quintessence Business Solutions & Services
Nirmal Kumar,  Chief Customer Officer & Founder Director 2011 A provider of healthcare solutions and services such as End to End Revenue Cycle Management Services including Medical Coding, Patient Management Services, Claims Management, Payers Services, EDI, Technology and others 
Anil Kumar,
Founder & CEO
2012 A provider of cloud and mobile solutions for Healthcare CRM, patient engagement, health monitoring and online consultation, thereby connecting hospitals and healthcare providers to their patients to improve health outcomes and drive revenues
SpadeWorx Software Services
Mandar Bhagwat,
Founder, Director & CTO
2006 A provider of solutions based on Social Enterprise Workplace Collaboration, Enterprise mobility and analytics using UCSE methodology over varied platforms

TAKE Solutions

Ram Yeleswarapu, CEO 2000 A provider of solutions and services in Life Sciences covering Clinical, Regulatory, Content Management, Safety, Business Intelligence and QMS
UST Global  
Sajan Pillai,      CEO 1998 A provider of  IT services with specialization in Healthcare, Retail & Consumer Goods, BFSI and others