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Get Set Case - WeRock - IIM Kozhikode
Get Set Case - WeRock - IIM Kozhikode
Democratising critical Treatment
Presented By:
Team WeRock (IIM Kozhikode)
Komal Kumari, Nancy, Nikita Aggarwal
Context
India has one of weakest healthcare infrastructure (13 hospital beds/10k population; as against Key Issues
the global median of 29 beds).
Lack of trained critical care doctors and
Even, if the number of ICU beds grow at ~5% pa, India would have ~120k+ ICU beds in the nurses, especially in Tier 2 & 3 cities and
next 5 years. An e-ICU service provider can be a great help in this regard. even smaller hospitals in metros and Tier 1
cities
Even by taking up 10% of the ICU capacity, it will have 12k+ beds under the management of
the company.
High risk of infection and lack of protective
A recent report by CDDEP and Princeton University (attached), estimates around ~94k
~95k ICU- gear the healthcare professionals
beds in India (of which ~35k
~36k are public beds).
Problem Overview
In 1000’s Public Private Total
Trained healthcare workers needed for treating the severe respiratory failure associated with 26 43
Hospitals 69
respiratory problems are limited in India. Even more scarce are ICU specialists or
intensivists Hospital beds
713 1183
1898
The treatment expertise exists only in a few large centres, predominantly in metro cities
35 59
At the same time, critically ill patients on ventilators require close monitoring, often 1 nurse for ICU beds 94
1 to 2 patients 18 29
Ventilators 47
Putting advanced machines such as ventilators in the hands of untrained and inexperienced
personnel can result in higher-than-expected mortality rates Source: report by CDDEP and Princeton University
Training large numbers of personnel is going to take time and is not a feasible solution in the
short-to-medium term.
Smart Beta Stock Valuation Competition
Problem Statement and Proposed Solution
Inadequate and inefficient utilisation of ICU infrastructure Effective ICU Management system that
and services enables:
Inability to deliver quality care
Integrative tele-ICU System
Medical errors, inaccurate diagnosisC o - and missed treatment Proposed
Centralized command centre staffed with
opportunities operative
Solution
(55% - 6 0 % ) 24/7 highly skilled intensivists
Lack of availability of highly critical care personnel
Automated early warnings
Patients are willing to pay for quality care, yet occupancy rates
Advanced and actionable decision support
and utilization of services is sub-optimal
Diagnostic assistance
Inadequate and unstructured expertise (4 0 % - 4supervision.
Private
5 %)
Review Admission
Best Practices
Periodic reviews of best practices
Smart Beta Stock Valuation Competition and standard quality are
Key Metrics & Financials
METRICS TO MEASURE SUCCESS ESTIMATED COST
Length of stay (LOS) This number tracks the number of days a patient was KEY RISKS
admitted an in ICU. A drop in the LOS with the
constant severity of illness signifies an improvement in
quality of care. Operational expenditure heavy pricing: wasted expenditure if
the occupancy rate is low
Severity score (APACHE) APACHE score, an indicator of the severity of illness in Doesn’t scale easily: Services model, expect a single player to
patients admitted to the ICU. scale to a few thousand ICU beds at best (patients handled on a
Mortality Rate (MR) Observed number of deaths in a unit. monthly basis would be 2.5-5X the number of beds they
cover)
Smart Beta
Source: https://knowledge.wharton.upenn.edu/article/technology-changing-health-care-india/, https://readwrite.com/2020/03/23/can-artificial-intelligence-replace-the-role-of-doctors/#:~:text=The%20use%20of%20AI%2Dcontrolled,widely%20used%20in%20US%20hospitals.,
Stock Valuation Competition https://www.journals.elsevier.com/resuscitation
https://www.nehi.net/writable/publication_files/file/tele_icu_final.pdf,
Thank You!