Problem Statement

As technology becomes a determining factor for surgical operations, hospitals are investing in increasing capital-intensive equipment despite the low case volume. Health care providers spend more than $45 billion annually on medical equipment that often remains unused for up to 90 percent of their functional life.

On the other hand, there is a dearth of medical infrastructure and equipment in Indias tier 2 and tier 3 cities. Hence, there is a requirement to bridge this gap by providing access to these underutilized types of equipment from healthcare providers to Tier 2 and Tier 3.

Huge capital expenditures are involved when buying medical equipment & those are lying unutilized many times. These costs are deterrent to the hospital when they are planning to buy equipment.

The medical technology sector in India is projected to reach US$ 50 billion by 2025. Between 2020-25, the diagnostic imaging market is likely to expand at a CAGR of 13.5%.

Solution

Q1: Helps us planning the ""Financial targets"" for Year1 to Year5

Setting short-term, midterm, and long-term financial goals and so that company can become financial stable

Health Genie, a medical equipment-sharing platform working on a cloudbased software solution to cater to the needs of the health care facilities by giving them access to hundreds of equipment versus what is within its own walls. Health Genie, a medical equipment-sharing platform working on a cloudbased software solution to cater to the needs of the health care facilities by giving them access to hundreds of equipment versus what is within its own walls