Cyient To Collaborate With The India2022
2018-04-05 Business Deals / Tie-ups Engineering Western India
Cyient, a global provider of engineering, manufacturing, geospatial, networks, and operations management services to global industry leaders, announced a partnership with Xynteo, an international advisory firm. As a partner organization in India2022, a business-led coalition committed to creating a new model of growth by the 75th year of India's independence, Cyient will lead the Healthcare Impact Track. As part of the track, Cyient will incubate and scale multiple projects aimed at delivering technology-enabled healthcare solutions, primarily focused on the diagnostic space in India.
Diagnostic tests provide the basis for medical decision-making and therefore have a substantial impact on the continuum of care. The early and accurate diagnosis helps reduce the burden of disease on the overall health ecosystem: the patient gets treatment earlier in the disease stage, the healthcare infrastructure is utilized more efficiently, and the overall cost to both patient and system is reduced.
While there is a clear case for timely diagnostics leading to better preventive care, this segment remains grossly under-invested in India. The early disease detection programs account for only 0.1% of the total healthcare spend. A mere 1% of the total healthcare spend is allocated for information, education, and counselling programs. Limited affordability and access to quality medical services further complicate disease management. In numerous cases, despite having access, the adoption of low-cost medical technology has not scaled due to inherent biases among providers and patients.
Recognizing the need of the hour, the Healthcare Impact Track is working towards the following objectives:·
1. Developing high-quality, technology-enabled, and patient-centric healthcare solutions
2. Establishing innovative business models that will help maximize the reach of these solutions through:
Increased accessibility: Ensure people from all demographic and geographic backgrounds have access to the solutions.
Increased affordability: Reduce the costs of diagnostic care solutions to make it affordable to the maximum number of people.