With an aim to strengthen its offerings to healthcare sector, leading online health platform Practo has earlier acquired FitHo, a web-based fitness management platform. Now, with Insta Health also, it has elaborate plans.
Known as Asia’s leading healthcare platform, Practo has announced acquired Insta Health Solutions, a leading cloud-based hospital information management solution (HIMS) for Rs 76 crore (US$ 12mn).
The recent acquisition is expected to strengthen Practo’s offering to hospitals and will bring onboard HIMS expertise across 15 countries.
“This is the third of several acquisitions we’ve been evaluating as we continue our mission to help simplify and digitize healthcare around the world and make Practo your health app. I am very pleased to welcome Ramesh and the Insta team to Practo. I look forward to working with them to transform the hospital industry globally and provide a great consumer experience by digitizing records, removing wait times and queues, simplifying payments and more,” said Shashank ND, Founder and CEO, Practo.
The key clientele Insta health includes Cloudnine, Deepam Hospitals, MyDentist in India, DaVita in India and Malaysia, Skyline Hospital in Manila, NMC Group of hospitals in UAE, Karen Hospital in Kenya and so on.
Reportedly, the cloud-based Health Solution provider will operate as a separate division, led by Ramesh Emani, Founder and CEO, Insta Health. He has over 24 years of experience in building strong software and product teams across various verticals at Wipro. Prior to founding Insta Health about 7 years back, Emani served in various capacities at Wipro including CTO of Wipro Technologies.
Commenting over the acquisition deal with Practo, Emani said, “We chose Practo over some other options as we felt together we can offer superior, comprehensive and integrated solutions for all participants in the healthcare ecosystem across patients, doctors and healthcare providers. Insta will benefit from Practo’s expertise in mobile technology and their geographic and global presence,” said Ramesh Emani, Founder & CEO, Insta Health.
Significantly, the acquisition will provide an option to hospitals using Insta’s product to integrate with Practo’s platform. And thus, may provide a superior healthcare experience to patients by enabling them to search and easily find information about doctor availability across hospital and departments, instant bookings as well as no wait times or queues, once they reach the hospital for their appointment.
The patients will also be able to access all their health records post their discharge on Practo either on the web or on the mobile app.
Insta is used by both standalone and chain of clinics, hospitals and diagnostic labs for automating their clinical, operational and financial processes such as scheduling, registration, out-patient and in- patient management, billing, electronic medical records (EMR), ward and bed management, diagnostics, advanced insurance and lab equipment integration, operation theatre, pharmacy and inventory management, specialty modules like dental, dialysis, IVF, Pediatrics, etc.
The acquisition will help accelerate Practo’s Partner Program that is designed to enable HIMS providers around the world to integrate with Practo’s platform to provide consumers a seamless healthcare experience no matter which hospital they visit. Insta was one of the first few partners to come onboard on this program.