Wadhwani Advantage launches an exclusive acceleration program for healthcare industry

New Delhi: As the COVID pandemic has had a significant negative impact on global health, economy, and society, medical companies and experts are now poised to tap the many opportunities and build the future of the healthcare industry.

In order to accelerate the process, the unique Wadhwani Advantage program empowers businesses in the healthcare sector having the capabilities to accelerate their economic growth by 2x-10x with the help of automated ‘Business Discovery and Transformation Tools’. The Wadhwani Advantage program includes 1-12 months of engagement and offers up to three years of hand-holding support enabled through a personalized Artificial Intelligence-led business acceleration process.

This program aims to ignite the growth of businesses in the healthcare sector, accelerate revenues and free cash flows to fund growth for maximizing their growth potential through ‘Do-It-Yourself (DIY)’ discovery and business solution tool kits and other knowledge resources using AI-enabled automated logic and personalized interventions. Wadhwani Advantage has partnered with the Association of Indian Medical Device Industry (AIMED), Voice of Healthcare (VOH), and Xynteo Vikaasato to leverage synergies in the healthcare space.

The businesses can apply .

The goal is to strengthen the business ecosystem without any commercial expectations. The Wadhwani Advantage offerings are high-quality interventions without charging any price. The curated advisors will offer pro bono and subsidized or success-based fees, if needed, to help the businesses to finish their transformation journey and be certified by Wadhwani Advantage.

Speaking on the program, Samir Sathe, Executive Vice President, Wadhwani Advantage at Wadhwani Foundation, said, “Healthcare is a key focus area for Wadhwani Foundation. This program seeks to enable the acceleration of enterprises, which are able to address some of the largest and neglected areas of the healthcare system in India. Through this program, we aim to strengthen the Indian healthcare sector by supporting and empowering business enterprises in the sector. We aim to build partnerships with leading healthcare ecosystem stakeholders to jointly represent the voice of the healthcare businesses and work for their enablement.”

Wadhwani Advantage has come up with its own proprietary Wadhwani Index and Scoring system that would set the goals for performance improvement. The proprietary automated discovery tool is designed to empower the businesses to measure performance on the basis of 27 key performance indicators, with eight among them as the most important ones, across the seven quarters in the past and into the future and also allows these companies to compare themselves with industry benchmarks. The committed consultants engaged with the program will assist the businesses in using this tool and help the Healthcare component companies aspire towards industry leadership.

The Wadhwani Advantage program has built tens of scenarios for each of the indicators and has used automated intelligence and logic to recommend the appropriate transformation projects that the small businesses must undertake to transform and accelerate their growth.