Home as a virtual hospital – that’s the future. The market for home healthcare in India is projected to reach $6.2 billion by 2020 at a CAGR of 18 per cent from $3.2 billion in 2016, according to a report by Cyber Media Research. One of the reasons is that India has just 0.7 beds per 1,000 people.
“We have so far served over 4-lakh patients. We have various services that are a mix of post-hospitalisation care and direct care. One of our biggest selling service and biggest differentiator is ICU@Home. We have the capabilities to set up ICU at homes,” said Vivek Srivastava, co-founder and CEO, HealthCare atHOME (HCAH), which is backed by the Burman family (promoters of Dabur), and the founders of HAH, UK.
Delhi-based HCAH, the biggest player in this field, raised an estimated ₹250 crore from PE firm Quadria Capital. It started its India operations in April 2013. “We currently have about 1,500 employees. We plan to increase the count to about 4,500 employees,” said Srivastava, adding, “it will take a couple of years for us to break-even at a company level.”