December - 2016 - Special issue > Company of the Year - 2016: Healthcare IT Products & Services

Pratian Technologies: Carving Genuinely Native Healthcare Products

si Team
Monday, January 9, 2017
si Team
Founded in 2006 by three software professionals, as an aggregator of high-end IT training and consulting services firm, Pratian Technologies (India) Pvt. Ltd. met with quick initial success, benefitting from the collective 30 years of experience of the co-founders and a clientele of around 20 top MNCs in the first year itself. However, the next 2 years saw several challenges including negative fallout of the great recession. Revenues dipped from Rs.2.1 crore to little over Rs.50 lacs. Lack of experience in running a business, no common shared vision and inability to collaborate as a team soon saw the company sink to one employee from around 30. November 2008, was a decisive moment for the company, as two of the co-founders moved out, a decision to revive the company was made, and accountability for the debts was taken by the third co-founder. This tough time also laid the culture of the company ever since - doing the right thing.

Today Pratian is tapping the highly growing healthcare IT sector. "Our focus is currently in the US healthcare services, which we see is headed for a big spike and costs expected to spiral to $4 trillion by 2020. It is but inevitable that US manages its healthcare costs strategically and India will emerge as its natural technology partner due to its talent and cost advantage. We will see our country emerge from being a low-cost service provider to a high value innovation, tech solutions provider in the next decade," says Subramanian Sivakumar, Founder & CEO, Pratian.

The company believes that the solutions & products for India should have nativity as a part of the design considerations. "With our team working on US healthcare systems, cognitively mapping the best practices to our local needs should be an exciting journey ahead. We also see a big leverage of our ability to build solutions for the hugely complex US healthcare systems come into play, as we foray into domestic healthcare sectors," adds Subramanian.

The Undisputedly Best Offerings

From almost closing shop in 2008 to growing by 100 percent in the next three years, Pratian team grew from a modest six in 2011 to around 30 by mid-2014. By this time, the company decided to focus on building world class products and leverage its strength in identifying and training top talent from campus. Later, the company pitched in for building one of the largest US healthcare Digital platforms and struck a partnership with a large Florida-based healthcare company Access Healthcare, co-owned by a visionary Indian Physician Dr. Pariksith Singh and HCA, the largest hospital globally. As a co-developer and one-third beneficiary of sales proceeds for all the products developed, Pratian has embarked on creating a world class platform with an exponential growth unicorn model. Its healthcare practice scaled from a modest 12 strong team to around 106 in 14 months.

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