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Apollo reaches $1bn revenue despite demonetisation, stent caps and a “VIP admission”

Apollo, India’s second largest healthcare services chain, has surpassed $1bn revenue for the financial year ending March 31 - but its results were hit by demonetisation, a cylone, stent caps, and what it called a "VIP admission". Healthcare Nova spoke to Ms Suneeta Reddy, managing director of Apollo Hospitals, during the company's investor teleconference on May 31.

FREE BLOG Fraud analytics set to reshape private healthcare

Big data analytics can now identify operational inefficiencies and potentially fraudulent claims with great accuracy. That is going to seriously affect healthcare services, because the fraud stats in medical transactions worldwide are breathtakingly large. Take Singapore. Guess what percentage of scripts written in Singapore are potentially incorrect. And what about China Go on – guess!

How big data works at Fullerton

Big data analytics is finally paying dividends, says Fullerton, which mainly provides outpatient healthcare services to corporates and insurers through a network of 225 wholly owned clinics across six countries and 8,000 medical provider partners around the world. CIO Ted Minkinow says that Fullerton, working with Microsoft, has been able to identify potential fraud and wastage in Singapore. He also claims that big data can now predict with 70% accuracy over a two-year period which patients will have a major healthcare problem such as a heart attack. “It is more accurate than the doctor” he says. We also profile Fullerton.

FREE BLOG The Great Escape

An increasing number of Spanish private healthcare operators are turning to Latin America to grow. Why?

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