Kritical to set up healthcare infrastructure funds

Vijaya K - Bangalore

In an endeavour to enable skilled healthcare entrepreneurs set up new hospital facilities, the Bangalore-based Kritical Health Systems plans to fund healthcare projects.

‘‘Plans are on the anvil to set up a Project Facilitation fund up to the tune of Rs 50 lakh and a Rs 10-billion Infrastructure Investment fund,’’ A Srivathsan, Chief Executive, Kritical Health Systems and Services Pvt Ltd told Express Healthcare Management.

The project facilitation fund will have a corpus of Rs 50 lakh and is aimed to help entreprenuers seeking investments up to Rs two lakh. Under this scheme, Kritical would do the ground work for the new projects.

Under the infrastructure investment fund, Kritical will fund projects up to Rs 50 lakh and is also offering consultancy in the initial stages of hospital build up.

Kritical Health is a wealth management company which provides management and technology services and solutions to various entities in the healthcare industry including the healthcare consumer. With its proven capabilities in business strategy consulting, technology solutions, healthcare software development, outsourced operations and marketing, Kritical plans to conduct workshops for the healthcare professionals in all these aspects in different places across the country. The first such workshop slated this month will be conducted for the marketing personnel. The company has a track record of having commissioned more than nine hospital projects including the Sri Sathya Sai Institute of Higher Medical Sciences and a 1000-bed teaching hospital Vydehi Institute of Medical Sciences in Bangalore. Kritical has the credit of implementing the first automated Doctor Appointment Solution implemented in Mallya Hospital in 1991, first CRM solution for hospitals under implementation in Heart Centre, first outsourced relationship for marketing under implementation at Koshys Hospital, etc.

“With health insurance coming in there needs to be more transparency in hospitals and they need to maximise utilisation of their resources. They will look for more management and technology solutions to deliver quality care. We are confident of providing services at 40 per cent of the total cost by offering our expertise in turnkey solutions, facility management, work with architect and optimize the services” asserts Srivathsan. Kritical Health is looking at earning Rs 15 crore revenues by the end of 2005.