ZIMBABWE FIRST LADY HE AUXILLIA MNANGAGWA VISITS INDIA 5th May, 2022

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FIRST LADY OF ZIMBABWE AUXILLIA MNANGAGWA RECEIVED HON.DOCTORATE Dr. Asif Iqbal from IETO welcomed her 22 member delegation to India Ambassador of Zimbabwe Dr. Godfrey Majoni Chipare presents investment opportunities

The India Africa Trade Council and the Zimbabwe India Trade Council organized the First Lady’s visit to India which was attended by the Business community and the Diplomatic Missions in New Delhi.  The President of Indian Economic Trade Organization Dr. Asif Iqbal welcomed the First Lady HE Dr. Auxillia Mnangagwa and pledged the commitment of support between the two nations for a robust partnership.  There is a huge interest in India for Zimbabwe, a country with great scope for bilateral trading opportunities in Pharma, Medicines, IT development, Textiles, Garments and Industrial development by Indian companies. The First lady was accompanied by the Ambassador, Counsellor from the Zimbabwean Embassy in New Delhi. The Dean of the Ambassadors in India HE Alem Tsehayedelivered the address and welcomed the First lady. He read out the commitment on behalf of the diplomatic missions in New Delhi.

During the Event the HE launched the Special Edition of Zimbabwe India Relations with focus on the visit of the First lady. The event was held at the ITC Maurya in the presence of the Director of the E&SA Division of the Ministry of External Affairs, Govt of India and other Diplomats. The Indian delegation will visit Zimbabwe under the Angel of Hope foundation which is under the patronage of the First Lady of Zimbabwe. Indian delegation will be interested to invest in Zimbabwe in sectors of Pharmaceutical, Garments, Textiles, Agro processing.

The evening was addressed by the Director of E&SA Division Mr. Amararam Gurjar, IFS who spoke about accelerating India’s relationship with the African region and welcomed the first lady and congratulated her on the occasion of receiving the Honorary Doctorate from the GD Goenka University. Dr. Asif Iqbal, President IETO spoke about India’s efforts in strengthening relations especially when India is celebrating 75 years of India’s Independence.  India has also in the past extended various credit lines to Zimbabwe through the Exim Bank a line of credit of USD 165 million for financing Thermal Plants in Bulawayo and Hwange areas of Zimbabwe.

The first lady also presented the opportunities with the Angel of Hope foundation and the work it is doing in Zimbabwe for the upliftment of the women and children. She also expressed great interest in supporting the trade relations between the two countries and invited the trade community to explore all the available choices for investors under the foundation.

India Africa Trade Council (IATC) is working on building bilateral trade relations by assisting Indian companies that are looking at various projects coming up in African region for promoting growth in commerce and trade, especially in Indian Pharma which likely to increase as the Zimbabwe market expands. The India Africa Trade Council previously hosted the Additional Secretary of the Africa region, Ministry of External Affairs during which the mechanisms between India and Africa were concluded.

Website – www.ieto.online

“The ultimate guide to Garbhasanskar.” A Marathi version of the book will be releasing soon

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Dr Nutan specializes in Ayurveda and Yoga, which are among the natural therapies practiced in India. Learning about the sciences of Ayurveda and Yoga has become the need of the hour, after Covid-19 hit the world, as we all need to take care of our health, wellbeing and immunity. The world needs holistic therapies like Ayurveda and Yoga, which can guide us achieve physical as well as mental wellbeing. As a result of the pandemic, people have realized that immunity plays an important role in our wellbeing and in preventing serious disease. Ayurveda is extremely relevant today because it is not merely a science of medicine—it is a lifelong practice that combines mental and physical health to keep a person disease-free and healthy. Dinacharya (daily routine) and ritucharya (seasonal lifestyle) are the cornerstones of leading a life based on the principles of Ayurveda. These again are based on three pillars—diet, discipline and lifestyle. Ayurveda offers a manual on how to live life.

Apart from Ayurveda and Yoga, Dr. Nutan holds significant expertise in Garbhasanskar, which means educating the child inside the mother’s womb. Garbhasanskar is an ancient wisdom that helps achieve good health and well-being in would-be parents and new life in the womb from conception to the birth of a child. Her expertise in the field, led Dr. Nutan to author the book “The ultimate guide to Garbhasanskar.” A Marathi version of the book will be released soon.

Dr. Nutan has a relentless passion and desire to educate, counsel, and help people live healthier and happier lives. This led her to launch AYG Academy amidst the pandemic in July 2020. While building AYG Academy, she aimed to focus on teaching, training and healing people through the ayurveda and yoga based natural therapies.

When Dr. Nutan founded AYG Academy she wanted to take these ancient Indian treasures of  Ayurveda, Yoga and Garbhasanskar across the country. Dr. Nutan has successfully achieved this, as AYG Academy has so far trained over 500 teachers and heal countless patients.

Moreover, Dr. Nutan has also served as a clinical physician in some of Mumbai’s most prestigious hospitals and yoga centres, and worked in rural hospitals. She has helped create several articles published on health and traditional science in various digital and print media formats. Dr. Nutan has also given various interviews to media leaders in India, including CNBC Awaaz News Channel, Vividh Bharati, FM radio, and Akashwani.

Dr. Nutan has over 18 years of experience in teaching, training, and healing, during which period she has taught Prenatal Postnatal Yoga and Garbhasanskar courses.

Following an Ayurveda-prescribed lifestyle can help combat the seasonal flu and colds. Dr Nutan Pakhare, Ayurveda and Yoga consultant and founder of the AYG Academy in Mumbai shares tips on how to stay healthy as the season changes.

Eat seasonal fruits and vegetables which are rich in ‘prana’ or life force because that energises the body and is recommended as part of the diet. Avoid stale, processed or preserved foods which do not have prana. In several Indian cultures, eating stale or leftover food is prohibited in order to prevent digestive disorders that may arise from consuming food that’s devoid of prana. Even as a seasonal diet offers nutrition, Ayurveda has a treasure trove of rasayanas or rejuvenating herbs such as ashwagandha, amla and shatawari and formulations like chyawanprash and ginger tea that can boost immunity.

During the winters, the digestive power is strong. As the external atmosphere is cold, the body retains heat inside and attempts to preserve it. Therefore, the internal digestive fire becomes stronger and can metabolise oils, fats and dairy products. Therefore, these should be included in the diet. A daily regimen plays an equally important role in boosting and maintaining good health and immunity in Ayurveda principles. It should not be sedentary or excessively strenuous. Ayurveda recommends plans that often include a mix of diet, yoga, meditation, massages and fasting for optimum health. A lot of bodily ailments arise from a weak digestive system which leads to a build-up of toxins. Regular fasting restarts the digestive system, cleanses the colon and promotes health.

Dr Nutan Pakhare has been groomed by well-known physicians of her hometown, Mumbai.

Website – www.drnutan.com

PM Narendra Modi to unveil startup policy for budding entrepreneurs in MP

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Madhya Pradesh’s startup policy is due to be launched in Indore this week. The program, which intends to foster new businesses and support aspiring entrepreneurs in Madhya Pradesh, will be virtually launched by Prime Minister Narendra Modi.

Madhya Pradesh’s startup policy is due to be launched in Indore on May 13. Prime Minister Narendra Modi will vitrually unveil the program, which intends to foster new businesses and support aspiring entrepreneurs in Madhya Pradesh.

The ceremony will also be attended by Chief Minister Shivraj Singh Chouhan, according to the official statement.

The “Startup Policy and Implementation Plan – 2022″ policy was created specifically to boost and bring to life the entrepreneurial ideas of the state’s young, according to a statement issued by the Shivraj Singh Chouhan administration in Madhya Pradesh. The new startup policy differs significantly from the old one.

The notion of a ‘MP Startup Centre’ is a significant addition to the MP Startup Policy 2022, according to P Narhari, Secretary, MSME Department, Madhya Pradesh Government.

Previously, the department only executed one policy, but this would now be implemented in combination with the MP Startup Centre, according to the Madhya Pradesh MSME Secretary.

The startup center will include a dedicated office, a head/mentor for each firm, and specialists from the appropriate industry to assist the startup community,” he said.

SPARK, the Sagar Smart City Incubation Centre, has made tremendous progress in promoting the Madhya Pradesh Startup Policy 2022.

A number of policy awareness boot camps and seminars have been hosted in various educational institutions, enterprises, and startup groups, including Sagar’s Government ITI College and Edina Institute of Science.

Not only that, but on May 8, 2022, a live webinar will be held in which startup policy experts and consultants will outline the essential components of the MP Startup Policy.

“This webinar will be broadcast on all Sagar Smart City social media accounts,” the state administration stated in a statement.

IndoStar Capital finds Rs 677cr discrepancy in commercial vehicle portfolio

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IndoStar Capital Finance Limited has said that anomalies have been discovered in its commercial vehicle loan portfolio. The business may be required to make extra anticipated credit loss (ECL) provisions ranging from Rs 557 crore to Rs 677 crore.

IndoStar Capital Financing Limited, a non-banking finance firm (NBFC) funded by private equity, has revealed that several anomalies have been discovered in its commercial vehicle loan portfolio. According to an exchange notice, the business may have to make extra anticipated credit loss (ECL) provisions ranging from Rs 557 crore to Rs 677 crore as a result of “some observations and control shortcomings” reported by an external auditor, IndoStar said.

“The audit committee of lndoStar Capital Finance Limited met on May 7 to consider and discuss matters pertaining to an ongoing review by an independent external agency appointed by the company and approved by the audit committee, with regard to certain observations and control deficiencies identified during the Company’s annual financial statements interim statutory audit, primarily relating to the Company’s commercial vehicle loan portfolio.”

The audit committee was advised that the control flaws principally related to loan sanctioning to current clients, loan paperwork, and policy implementation gaps.

“It also appears that such features were largely focused with a portion of the CV Loan Portfolio and may have emerged as a result of liquidity problems with clients induced by the commencement of the COVID-19 epidemic,” the NBFC disclosed.

The NBFC further stated that Ernst &Young LLP (E&Y) was appointed following a meeting of the audit committee on March 31, which proposed appointing an independent external firm to conduct a full evaluation of the CV loan portfolio.

While the loan portfolio examination is still ongoing, E&Y informed the audit committee of several early results in a meeting conducted on Friday.

E&Y allegedly identified deviations from lndoStar Capital Finance’s credit policy in the approval processes for loans to current clients, as well as exemptions in foreclosure proceedings for specific loans.  The examination also discovered that the corporation did not follow the measures outlined in the control description for restructured loans.

IndoStar Capital Finance stated, “In this regard, it is expected that the Company would be required to make an extra estimated credit loss (ECL) provisioning ranging from INR 557 crores to INR 677 crores or potential additional provisioning.”

The loan portfolio evaluation is ongoing, and the assessment of potential extra provisioning and pertinent issues may be revised, according to the statement.

The review is expected to be finished by the time IndoStar’s audited financial accounts are finalized, according to the NBFC, and the impact of the review would be reported in the audited financial results.

While the potential additional provisioning is expected to have an impact on the company’s net worth and capital adequacy ratio, IndoStar said it is expected to remain adequately capitalised, in compliance with capital adequacy norms, and with sufficient liquidity to satisfy its short-term and long-term liabilities.

Separately, the corporation has begun an investigation to conduct root cause analysis of policy violations and deficiencies in internal financial controls and systems.

Agritech startup Absolute to bolster its core platforms with $100M funding

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Agritech company Absolute has secured $100 million across recent rounds of funding. The startup will use the money to strengthen its three core platforms

Absolute, an agritech business, has secured $100 million in previous fundraising rounds from Sequoia Capital India, Alpha Wave Global, and Tiger Global. According to the corporation, it is worth around $500 million.

Last November 5, the media reported on its fund-raising plans.

Absolute raised $2 million last year from Sequoia Capital’s Surge incubation program and two angel investors, Nadir Godrej and Sanjiv Rangrass.

According to the business, the cash will be used to strengthen its three major platforms: bioscience research platform, universal Farm OS, and global trading platform.

Absolute, founded in 2015 by Agam Khare and Prateek Rawat, manages the whole agricultural output cycle, from seed to harvest.

Its digital platform is an AI-driven operating system that can be integrated across vertical farms, greenhouses, and open fields, allowing farmers to grow crops without the use of synthetic enzymes or genetically modified organisms.

It runs R&D platforms (BioX) that span plant biology, microbiology, omics, molecular biology, epigenetics, and artificial intelligence.

According to a release, the company’s revenues have increased 12x in the last year.

Absolute now serves fresh products in about ten countries and is expanding into new areas.

It is also delivering its Farm OS across over 100,000 acres of its next-generation precision farm network.

CEO Khare stated, “This money will help us with technology expansion, employing personnel, and scaling to fresh markets and segments.”

Agri-tech businesses are gaining popularity with risk investors, and numerous such startups, including DeHaat, Gramophone, Bijak, Onato, Agrostar, Reshamandi, BharatAgri, and TartanSense, have recently raised financing.

GV Ravishankar, Sequoia India’s managing director, said, “The Absolute team has spent years researching every crop and genuinely understanding why plants grow, behave, and live in various ways.”

According to Navroz D Udwadia, cofounder of Alpha Wave Global, Absolute’s AI-driven scientific approach to agriculture offers a real uplift for all parties across the agri-value chain.

He said, “Farmer profitability grows significantly when production and produce quality improve. Absolute is now able to trade globally with high margins. Absolute, with science and data-driven decision making at its core, we believe, will be a global leader in the ag-tech industry.”

Meet Prafull Billore who turned MBA Chaiwala from a discontinued MBA student

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Prafull Billore became an entrepreneur after dropping his passion for MBA . He now runs a popular tea business, MBA Chaiwala, which plans to start 100 outlets across the country.

Every kind of work, however small, should be respected and embraced with dignity. We don’t know when or where our lives will take a turn, and we just pursue the route we’ve never imagined, which eventually becomes our destiny. We are enthusiastic about something, and our lives are structured differently as a result. This is what happened to Prafull Billore, who abandoned his dream of earning an MBA to become a young entrepreneur.

Prafull Billore’s journey from a tiny hamlet in Madhya Pradesh, Dhar, to wealthy entrepreneur is an inspiration to all young people. During his MBA studies in 2017, he also worked a part-time job at McDonald’s to see how working out might benefit him for a low wage.

However, he recognized that if he continued working in this manner after getting his MBA, he would never be able to support himself, so he chose to discontinue his education and open a tea stand on the SG Highway in Ahmedabad.

Prafull had only left with Rs. 8000/- from his savings, which meant he couldn’t start a beverage or food company, thus the only alternative he had was to sell chai by the side of the road. Praful’s parents, like any other parents, were opposed to his choices and found it strange.

Neighbors and family always have their own way of criticizing, which Prafull didn’t mind.

He was simply following his heart and ignoring everything else. Prafull didn’t even know how to make a beautiful cup of tea in the beginning, and everything went wrong with him. All he learned was how to brew a great cup of coffee.

When he was conversing in fine English with his clients, they were amazed that a tea vendor could be that fluent in English. As a result, he gained a lot of notoriety, as well as a lot of business.

We all know that India is known as the “nation of tea,” and most Indians enjoy a cup of tea at any time of day.

Prafull Billore believes that tea is a business where you can see a success path in no time by taking inspiration from Chaayos and Chai Point, and he wants to attract clients who prefer to stay in cafes and converse for a while while having a cup of tea for Rs.40 or 50.

Prafull used to experiment with various approaches and styles at his café in order to interest clients and market his company.

He used to organize cricket tournaments and Ludo games, as well as set up a board where consumers could write comments and ideas.

This made them intriguing, and people enjoyed returning to them.

MBA Chaiwala quickly expanded its franchise across the country and became to become India’s second most popular tea business. To raise awareness of his chai, he began accepting marriage orders and attending political rallies. Prafull Billore arranged a free chai event on Valentine’s Day, when he gave free tea to all singles, which went viral and acquired global recognition.

Economic uplift programs for impoverished people, women’s empowerment, and fundraising social events and campaigns were all organized, and economic welfare initiatives were constantly supported.

MBA chaiwala is now focusing on and attempting to increase their business. After operating a highway shop for two years, Prafull began to grow its company by offering franchisees in other locations and opening a franchisee café in Bhopal.

Chaiwala now has 50 locations, and Prafull intends to open 100 more by the end of 2022. He wants to bring out many millionaires from tiny places who have always wanted to do something different.

Ario National Education Excellence Awards 2022 will be held in Mumbai

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ARIO GROUP OF COMPANIES, KOLKATA in collaboration with Times Applaud is going to organize ARIO NATIONAL EDUCATION EXCELLENCE AWARDS 2022, POWERED by Ministry of MSME & Corporate Affairs. The award show is to be held at SOPHIA BHABHA AUDITORIUM, BREACH CANDY, and MUMBAI. On 22ND MAY, 2022, ARIO GROUP OF COMPANIES will organize 6 Hours event focused on the theme “OUR EDUCATORS, OUR HEROES”. This National Education Excellence Award strive to offer a professional program that encourages and recognizes the accomplishments of Academicians, Researchers, professionals and organizations around the nation.

A pool of Edu leaders, Influencers, Corporate Group of School CEOs are invited as Guest of Honours and to give away the awards. At this event the following eminent educators are going to participate as Guest of Honours –

– Mr. Avneesh Singh, Director, Millennium Group of Schools & Little Millennium

– Mr. V. K. Shunghlu, Chairman, Delhi Public School Society

– Mr. Tijay Gupta, Co-founder & COO, Bachpan Play Schools

– Mr. Amol Arora & Mrs. Meenal Arora, Direct & Founder, Shemrock & Shemford Group of Schools – Mrs. Monika Kapoor, Ex Joint Director CBSE, Building Dulham

– Mr. Kanak Gupta, Director, Jaipuria Group of Schools

– Mr. Vikas Kar, Co. Director, ZEE Learn, Mount Litera Zee Schools

– Mrs. Anju Dhawan, Founder, SMS Consultants, Author, Ted-Ex Speaker

– Dr. Jitesh Khanna – Author I Entrepreneur I Motivational Speaker

– Ms. Amrit Nagpal, Director of ECCEd, Birla Open Minds & Birla Brainiacs

– Dr. Vasudha Neel Mani & Mr. Deepak Sharma- Rockwoods International School, Udaipur…….And many more

A Total of 1500+ Schools/ Colleges, Corporate Chain of Schools, Directors, Pro Vice-Chairmans, Principals and major stakeholders of the most renowned institutions from different part of the country has already filed their nominations for the event, out of which 250 esteemed nominees will be awarded on 22nd May.

Mrs. Neha  R. Banerjee, Director of ARIO Group of Companies & its most renowned wing ARIO Educational Recruitment Services, has taken an initiative to organize National Education Awards in India to acknowledge the contributions of leading educational institutions, teachers, educationists and other educational organizations that are making our country proud.

This initiative promotes our dedicated educators and acknowledges their effort, time and hard work. ARIO National Education Awards were first conducted in the month of December 2020, virtually with 50 schools across the country.

Apart from National Education Awards for Teachers, Principals, Proprietors for Schools and Colleges, various other categories include award for innovation in education, best preschools awards, best teacher award, educationist of the year award, awards for researchers and professors, student awards, school excellence awards, colleges awards, universities awards, etc.

ARIO National Education Awards aims to change the perspective of people towards good education institutes which are contributing towards the betterment of education and will cover various categories including teaching superiority awards.

Govt to boost funding for startups with incentives for VC, PE funds

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The government is offering incentives to VC and PE funds, as it seeks to boost funding for startups. Among other things, the government will allow VC and PE funds go for a faster drawdown of the money they get from the state’s fund of funds.

The government will let venture capital (VC) and private equity (PE) funds to keep a larger portion of their profits, earn greater fees, and withdraw cash from the state’s pool of funds more quickly.

In 2016, the fund of funds for startups (FFS) was established to contribute to various alternative investment funds (AIFs) registered with the capital market regulator Sebi.

The FFS, which is managed by the state-owned Small Industries Development Bank of India (Sidbi), has invested over Rs 9,400 crore in 86 AIFs (the regulatory term for PE and VC funds).

Sidbi is the largest limited partner (LP) or investor in the country, contributing to the capital of VC and PE funds.

Sidbi informed AIFs in a letter dated April 29, 2022 that it would allow “accelerated drawdowns” of funds committed by the FFS while fund managers achieve internal rate of returns (IRR) greater than the hurdle rate — the minimum return a fund must achieve before profits can be shared among investors and fund managers.

“These are tangible measures to guarantee that FFS investments in eligible Indian AIFs may be made on better commercial terms in terms of management fee, carried interest for qualifying and performing fund managers, and greater flexibility in their day-to-day operations.”

Sidbi was successful. FFS has been one of the most important domestic institutional investors in Indian VC Funds, and the liberalization of many existing onerous terms in investment agreements will contribute in aligning such terms with those prevalent elsewhere,” said Tejesh Chitlangi, senior partner at IC Universal Legal.

Because AIFs frequently require a long time to raise capital from other investors, a faster drawdown of the money provided by the FFS will ensure that AIFs’ ability to make deals is not impeded.

The ‘carry’ or profit sharing (once the fund’s IRR exceeds the hurdle rate) is typically 80:20, with the manager receiving 20%.

If the IRR exceeds 25%, the FFS is now prepared to pass on 25% of the incremental returns (over and above the current IRR). If the fund earns an IRR greater than 30%, the carry share would be 30% (half the additional return).

According to the Sidbi letter, the FFS will consider paying a higher management fee if the fund is run by women, focuses on women-driven firms, priority regions, the agro-rural sector, financial inclusion, and is dedicated to investing in tier 2 and tier 3 centers.

The FFS is also willing to invest in funds with a corpus of more than Rs 1,000 crore as long as the investment manager is a domestic entity, the key persons or managers have previously managed funds to which Sidbi has made commitments, and exposure is capped at the same level as for a fund with a corpus of Rs 1,000 crore.

GST revenue collection reaches new high of Rs 1.68 lac cr in April 2022

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GST revenue collection hit a record Rs 1.68 lakh crore last month. This has been attributed to an improvement in economic activities after the pandemic struck.

On the strength of improved economic activity, goods and services tax (GST) receipts reached an all-time high of over 1.68 lakh crore in April. This comes on the heels of the second-highest collection of 1.42 lakh crore recorded in March 2022. The April collection is 25,000 crore greater than the March collection.

The overall GST collected in April is 1,67,540 crore, of which 33,159 crore is CGST, 41,793 crore is SGST, 81,939 crore is IGST, and 10,649 crore is cess. As gas prices rise and consumers foot the bill for ‘country building,’ ONGC and RIL laugh all the way to the bank.

The revenues for April 2022 are 20% more than the GST collections for the same month last year. This month, income from imported items climbed by 30%, while revenue from local transactions increased by 17%.

It was the first occasion when the overall GST revenue surpassed 1.5 lakh crore. The month’s highest tax revenue occurred on April 20, 2022.

The finance ministry stated in a statement that there has been a “clear improvement in compliance behavior as a result of various measures taken by the tax administration to nudge taxpayers to file returns timely, to make compliance easier, and strict enforcement action was taken against errant taxpayers identified based on data analytics and artificial intelligence.”

Heaps Health delivers data-driven insights to benefit hospitals, insurers

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The AI platform at Heaps Health delivers data-driven insights. This benefits both hospitals and insurers by allowing them to deliver excellent patient care without being burdened by excessive costs.

Suman Katragadda, a technology consulting expert visiting India, was hospitalized owing to a serious kidney stone disease that was managed but left him with some adverse effects. This encounter prompted Suman to consider how the whole healthcare system operated, and he saw that three major constituents – patients, hospitals, and insurance companies – were functioning in data silos with little connection, posing several issues.

Higher medical expenditures for patients, insurance companies paying out more claims, hospitals unable to properly utilize their infrastructure or losing patients, needless hospitalization, and so on were among the issues. Suman’s career as a technology with consulting company PwC convinced him that artificial intelligence (AI) could be used to create a platform that brings all three constituencies together to allow more openness and efficiency.

Suman founded HEAPS Health Solutions in 2021, with its headquarters in Bengaluru, and company was begun on a shoestring budget. Each constituency in the healthcare business faces its own set of issues. For hospitals, the concern is always how to develop ongoing engagement with their patient base in order to create a foundation of loyal clients, otherwise they will migrate to the competitors. The creator of Heaps Health thinks that hospital involvement with patients falls under four categories: education, awareness, self-management, and proactive evaluation. This can truly aid in the early discovery or raising of any health concern.

The primary characteristics that define a hospital’s performance are its experience, cost, mortality, and infection rates. According to Suman, around 30% of patient hospitalizations are preventable.

Heaps Health Solutions has now developed an AI-driven tech solution that brings these three constituencies together on a single platform and gives actionable insights based on the data it collects.

“Hospitals need more patients, while insurance companies need fewer claims,” Suman adds, “and we need to find a tight balance.”

The development of this platform took several years, during which Heaps combed through massive quantities of data using a trial and error process.

Heaps’ healthtech platform works with the objective of cost optimization without sacrificing quality, and it is a win-win situation for everyone.  Under the Heaps model, it has built a value-based care model with the goal of maintaining quality of care while reducing costs. In this system, Heaps only works with high-performing hospitals, and insurance companies may negotiate prices with them rather than adopting a fixed-price model.

“We want insurance companies to come into the hospital and negotiate a value-based care system in which they are rewarded for good outcomes,” Suman adds.

Heaps Health Solutions gives information to all of its partners to assist them in making the best decision. Suman says that their technology offers customised treatment for patients by using data insights to ask highly specific queries about their health state.

In this scenario, for example, proper diagnosis can lead to lesser hospitalization, which benefits the insurance company, although in the event of severity, it benefits the hospital because the expense of treating such diseases is significant.

GrowthHeaps Health Solutions’ platform includes 45 hospitals and two insurance providers. Another 8-10 insurance companies are expected to join soon. More corporates are also expected to join this platform.

Heaps Health Solutions’ whole IT platform is managed by the highest levels of data security. Suman says that their technology offers customised treatment for patients by using data insights to ask highly specific queries about their health state.

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