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Vaatsalya: Plugging The Healthcare Gap Between Rich And Poor

In Business, Entrepreneurs, Health, Healthcare, India, People Making A Difference on May 12, 2009 at 10:47 am

By Antoinette Alexander

Dr. Ashwin Naik returned to his native India from the United States and founded Vaatsalya, a low-cost healthcare company aimed at bridging this gap by building and managing hospitals/clinics in semi-urban and rural areas and bringing healthcare services where it is needed most.

The company opened its first hospital in 2005 and today provides low-cost primary and secondary healthcare services across seven districts in Karnataka and is currently managing 300 beds, making it the largest chain of its kind. With a new round financing from Oasis Fund and Seedfund, an existing investor, Vaatsalya hopes operate 20 hospitals across southern region.

While 70% of India is living in semi-urban and rural areas, 80% of India’s healthcare facilities are located in urban/metro areas. Naik, who has a medical degree from Karnataka Medical College, Hubli and a master’s degree from University of Houston, Texas, was vice president of business development and informatics, Triesta Sciences prior to founding Vaatsalya. Triesta is a clinical research organization involved in conducting advanced genomics-based research in the field of oncology.

Recipient of the Sankalp Award 2009 for Healthcare Inclusion, winner of the BiD challenge India 2007 and LRAMP award 2008 in the enterprise category, Vaatsalya focuses on the core specialties of gynecology, pediatrics, general surgery and general medicine at each of its hospitals. In addition, depending on the unmet needs of the local community, specialized services like dialysis, intensive care units, pediatric surgery, diabetology and neurosurgery are added to the service offering.

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