‘Technology will disrupt healthcare, education’
Serial entrepreneur and healthcare industry veteran Jay Reddy who recently assumed the role of chairman at Click2Clinic is upbeat on the prospects of transformative healthtech and edutech companies. With vast experience in running healthcare predictive analytics and supply chain optimisation businesses, he is keen to handhold, mentor and invest in technology-driven startups in India and […]
Serial entrepreneur and healthcare industry veteran Jay Reddy who recently assumed the role of chairman at Click2Clinic is upbeat on the prospects of transformative healthtech and edutech companies. With vast experience in running healthcare predictive analytics and supply chain optimisation businesses, he is keen to handhold, mentor and invest in technology-driven startups in India and overseas. Jay Reddy shares with Telangana Today his strategic investment plans. Excerpts-
Entrepreneurial journey
I founded VitreosHealth in 2009 and served as its CEO since inception. The firm developed disease-specific chronic care predictive models to offer prescriptive and proactive health insights for patients and providers to prevent acute care events and complications. I later sold it to HMS Holdings, a US-based public company in September 2019. Before this venture, I founded MindFlow Technologies in 1999 with an aim to deliver operational productivity improvements in the supply chain for Global 1000 enterprises through optimisation-based decision support technologies. I sold this firm in 2006. My strengths remain in mathematics, problem-solving and analytics using technology for better decision making. I want to make selective investments in 4-5 promising companies, which will make a broader social and economic impact.
Filling healthcare gaps
I am interested in investing in the healthcare and education sectors, where the Covid pandemic has exposed many holes in the system and offers many challenging opportunities to fix them. I see homecare to be a useful system in the healthcare sector in India, particularly to provide disease specific, episode-based chronic care in home settings. It is a huge and emerging market. I am also the US Trustee & Strategic Advisor of Sparsh Hospice in Hyderabad, a centre for palliative care for terminally ill cancer patients. I am helping Sparsh to raise funds in the US.
Home care through Click2Clinic
I have joined as chairman at Click2Clinic, an Indian home healthcare company based in New Delhi with operations also in Hyderabad, which aims to reduce hospital visits through strong primary and chronic care. I am acting as an angel investor and also making available funds from a US-based hedge fund manager. I play an active role to support the management team as a mentor. Our focus will be to create a marketplace to meet the latent demand by leveraging technology to provide home care, bringing together all the stakeholders. We may even take this model to other developing countries in Africa in future and create a healthcare network there as the continent is at least 10 years behind where India is today.
Education sector
Edutech is a promising sector. I am currently a board member of Opt.N, a Dallas-based technology company that is helping universities streamline the arcane admission process to target the right students early in the application process and reduce the significant wastage in the University admission costs. I also serve on the board of Hyderabad Public School (Ramanthapur) Alumni as the co-chair of their entrepreneurial programme, where we are building an “experiential-based” learning approach similar to the well-established programmes in the US high schools with continuous mentoring from the HPS(R) Alumni. Our vision is to nurture entrepreneurs at an early stage and prepare students to take on real-life challenges head-on to solve socially relevant economic problems in India.
Optimising supply chain
In the automotive industry, technology can improve the global supply chain networks with the changing geopolitical market alignments and the supply-demand visibility challenges exposed by the Covid pandemic. Startups can come up with analytics, predictive simulations, artificial intelligence, and blockchain technologies at the local and global level. There are abundant opportunities here. Also, as India is seen as an alternative to China, there could be upcoming opportunities for investments in India. I have been solving supply chain problems for the last 25 years, be it in the food industry working at Yum! Brands, automakers like Chrysler, or the healthcare industry, and I wish to help companies with my hands-on experience.
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