HealthHiway gets $4 mn investment: "HealthHiway, an initiative by the Apollo Hospitals Group providing software solutions for the healthcare sector, has received an investment of $4 million from Silicon Valley-based venture capital firm Greylock Partners. The funds will be utilised by HealthHiway to enhance its technological capabilities and strengthen the service infrastructure for healthcare providers, said Ashvani Srivastava, CEO, HealthHiway.
HealthHiway was launched in 2007 by the Apollo Group in collaboration with IBM with a capital base of about Rs 5 crore. Investment by Greylock Partners is the first round of fund-infusion into HealthHiway. The company is looking for more such funds and strategic collaborations from technology players in the next three months, Srivastava told reporters here on Thursday.
HealthHiway’s software solutions provide service infrastructure for hospitals, practitioners, pharmacies and health insurance providers to facilitate better collaboration within the healthcare ecosystem and collate patient data on a unified platform. The solutions are built on software-as-a-service (SaaS) model. “The SaaS model allows the adoption of IT solutions previously not accessible due to complexity and high cost. We offer web-based, easy-to-use and easy-to-pay solutions. HealthHiway is the first in the country to bring in SaaS into hospital administration as well as clinical systems,” Srivastava added."
I am very pleased that VCs are now investing in health Information Technology in India . We need to leverage Indian IT skills so that we can improve healthcare delivery in India. This is a huge opportunity; and since there are no legacy issues, Indian doctors and hospitals can use cutting edge Web 2.0 solutions (
such as cloud computing ; user-generated content to create communities ; and software enable services) to deploy this technology inexpensively.