MyHealthcare raises $3 million from Sixth Sense
MyHealthcare enhances patient engagement, improves care continuum process and offers holistic diagnosis to cure digital journey
MyHealthcare, a digital integrated healthcare ecosystem has raised $3 million from Sixth Sense Ventures, as part of its ongoing Series A fund raise. MyHealthcare works with hospitals, diagnostics and speciality health institutions in building their digital health business. The platform works with private healthcare providers across India, in improving the accuracy, efficiency of healthcare delivery and enhancing their digital patient engagement.
“Over 30 per cent of India’s population continues to have limited or no access to primary healthcare. Discrepancy between rural and urban healthcare is evident with 70 per cent of the country’s healthcare infrastructure and speciality care remaining limited to top 20 cities and over 67 per cent doctors present in the urban centres. Our endeavour is to build the digital healthcare delivery protocols in partnership with the best hospitals in the private health sector and work towards enhancement of primary and secondary public healthcare needs in partnership with national and state governments,” explains Shyatto Raha, Founder, CEO, MyHealthcare.
MyHealthcare has at its core a hospital enterprise collaboration platform – MyHealthcare SPINE, a HIPAA compliant middleware that integrates into various systems in the hospital such as the HIS, EMR, LIS, RIS-PACS, its pharmacy and offers user-friendly digital platforms for its doctors, nurses, paramedics and patients. Using data driven care processes, MyHealthcare is able to enhance patient engagement, improve the care continuum process and offer a holistic diagnosis to cure digital journey.
Commenting on the investment in MyHealthcare, Nikhil Vora, Founder, CEO, Sixth Sense Ventures said, “MyHealthcare fits well into the Sixth Sense investment thesis – a large untapped opportunity, first-gen entrepreneurs and a business catering to the “consumer of tomorrow. The digital healthcare system has seen the entry of various players who have tried to solve for various gaps in the broken chain of healthcare in India. Our sense is that for any player in this space to scale and sustain, it would be imperative for all the stakeholders in the value chain to benefit and create value. With MyHealthcare improving commercials for hospitals/healthcare providers, enhancing customer experience and at the same time running on a transaction oriented sustainable business model, it is best positioned to capture the large opportunity and create value. We have strong faith in the founding team and do see MyHealthcare being a game-changer for the Indian healthcare ecosystem”
Shyatto further added, “We are excited to have Sixth Sense join us on the MyHealthcare journey. More than the investment, Nikhil, Swati and the team at Sixth Sense bring with them a great wealth of experience in working with founders to build valuable businesses. We look forward to working together in building out a formidable healthcare offering for India and South East Asia.”
“In terms of digital technology, healthcare is one of the most underserved sectors in India. Ensuring access to basic primary care and management of care in remote areas can only be served through a combination of deeply integrated digital health technology and AI. The MyHealthcare platform has positioned itself well, partnering with hospitals and doctors in building data driven clinical modules and a robust ecosystem of care delivery,” said Karan Pal Singh, Founder, Managing Director, Hunch Ventures.
MyHealthcare had raised $2 million in 2018, led by Hunch Ventures and Ajay Nanavati. The company is in the process of closing out its remainder fund raise activity over the next couple of months.