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InfoLife Technologies to enter global market, seeks venture capital

Nandita Vijay, BangaloreMonday, February 3, 2003, 08:00 Hrs  [IST]

InfoLife Technologies Pvt. Ltd., a leading healthcare software provider in Karnataka, is now planning to enter the international market with 'Easy HMS', an enterprise healthcare software solution.The company is in the process of preparing for HL7 (Health Level 7), a HIPAA (Health Insurance Portability and Accountability Act) related protocol, which is a mandatory requirement for healthcare solutions providers, buyers and vendors in the global market. The company, which has recently initiated the procedures for ISO 9001 accreditation, is looking for venture capital for its overseas operations. MB Gutti, chairman and managing director, InfoLife Technologies Pvt. Ltd. told Pharmabiz.com that their core competence would be to offer solutions abroad. "There is ample scope in the international market for healthcare solutions. We have appointed business partners in UAE, Saudi Arabia, Malaysia, Sri Lanka and orders are expected from Africa. Plans are underway for USA and Europe regions too." The Bangalore-based company, which claims to be a debt-free enterprise, has now grabbed a sizeable share of installations in some of Karnataka's major hospitals and nursing homes at Bangalore and Mangalore. Efforts are also on to set-up a national dealer network. Easy HMS has over 20 modules in three-versions viz; Standard (small nursing homes up to 25 bed), Suite (Medium sized 250-bed hospitals) and Enterprise (Large hospitals) computerise. The client-server application runs on Microsoft platform with MS-SQL database. The installation is complete within 45 days unlike the customary six months to one-year time frame for execution. The prevailing market estimates for a 25-bed to 500-bed facility would be between Rs. 5-8 lakh. But InfoLife's pricing structure ranges from Rs. 50,000 for 25-bed facility to Rs. 2 lakh for 250- bed and around Rs. 7.5 lakh for a 500-bed facility. The integrated software, in-built technical expertise, implementation and easy operation by non-computer literate staff in hospitals are some of the key features. Training support is part of the package, said J Bennet Mendis, CEO InfoLife Technologies. A major racket of unreliable players in Indian hospital management solutions market saw several failures in installation after which the healthcare sector turned suspicious and refused to invest further."In the wake of this scenario, we have managed to fight all odds and emerge as a credible player today," he added. InfoLife's hardware arm, Bangalore Computer Technologies supports the maintenance, server and networking in hospitals.

 
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