HealthHiway raises $4 Million from Greylock Partners
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Bangalore: HealthHiway, an Apollo Group initiative providing software solution to the healthcare industry, has received an investment of $4 million by Greylock Partners, a venture capital firm from Silicon Valley. HealthHiway provides software solutions for the healthcare segment on an easy to deploy, easy to use and easy to pay system. Its solutions built on Software-as-a-Service (SaaS) model offers hosted platform that saves on all the attached costs of developing solutions by an individual provider. "Our suite of software solutions brings in both cost containment and enhanced patient satisfaction. The SaaS model allows the adoption of IT solutions that were previously not accessible due to complexity and high cost. Instant and secured access to patient data anywhere and anytime enables enhanced quality of patient care and increased patient satisfaction," said Ashvani Srivastava, CEO, HealthHiway. "There is tremendous potential in the Indian healthcare industry and Greylock is excited to play an active role in helping the country develop systems that will improve healthcare services," said Arvin Babu, Partner, Greylock. The company works closely with the healthcare industry to develop standard based solutions to ensure continued growth. It has an industry advisory board which provides guiding strategy, ensuring that the solutions are in line with global standards and best practices. "HealthHiway is an example of the way healthcare is changing in India. The solutions offered by HealthHiway are representative of the reforms that the sector needs to drive efficiencies in care delivery at reduced cost," said Sangita Reddy, Executive Director, Apollo Hospitals Group. The solutions provided by HealthHiway include ClaimsConnect (electronic claims management), ClinicConnect (practice management and patient administration solution) and ImageConnect (teleradiology and PACS solution). The company has a network of over 250 hospitals and will connect around 1000 clinics and physician practices over the next few months.