Will Attune technologies attain a revenue of $40M in the next 5 years?

Sanghamitra

BANGALORE, INDIA: Healthcare has been an interesting sector for the techies as it has been successfully embedding emerging technologies so as to make the tenious processes easier.

Attune Technologies is also making constant endeavours in the same arena. Although headquartered in Singapore, this company by and large operates from India with more than 250 employees.

Currently, the company's platform maintains an overall record of 9million patients. Making the segregation simpler, two cloud based platforms are provided.

Atom (Public Cloud)- Launched in 2014, this platform focuses on the small medium sized hospitals.

Kernel (Private Cloud)- Launched in 2009, the application was designed using a multi-tenant architecture.

To explain how this cloud technology helps:

1. Multi-Center/Multi-Geography Healthcare Chain – Cloud enables the maintenance and updation of a common Database on a real time basis for such customers. Thus a patient registered and treated at a center say in Delhi today can walk in the same day at any center of the hospital or laboratory say in Mumbai without having to carry any physical records with him. All records are available in the application at all locations which can be accessed using the unique patient ID assigned to each new patient at the time of first walkin.

2. Remote access – Helps professionals to access patient reports and records remotely using their secure and unique application access portal.

The platform inevitably needs to secure its humongous data. The data center provides an intrusion monitoring service and support for queries or operations on the server. Also, the data access is highly restricted or just cannot be accessed without the customer’s permission by anybody.

Other regular security features include Role based Access Control which means that a person can view only those pages which are assigned to his/her role by the hospital administrator.

The company plans to enhance its platform with a major focus on Analytics, IoT and Mobility. Interestingly, one of their key interests in IoT space is to bring technologies that will allow machines/equipment inside a laboratory or a hospital to talk to each other and make life easier for the staff.

Arvind, founding member & CEO, Attune Technologies, India, said,  "As an overview, we have close to 150 customers currently. The company is targeting revenue of $40M in the next 5 years from Indian market."

"We currently have a presence in 13 countries in S.E. Asia, Middle East and Africa. Our revenue model is both SAAS based and also License based. We do not charge based on the number of users as such. We suggest our customers to go for our monthly rental (SAAS) model as it takes away infrastructure investment and lump sum payment burden of the customer. This model has been very successful for us in the market."

The company's growth prospects are expected to surge in the next few years. "With the introduction of health insurance for all scheme, the government has given a real boost to the insurance sector and expect private health insurance players to also dive into this opportunity pretty soon."

"With more and more players coming in and insurance becoming the key driver of healthcare in India (as in abroad), hospitals and laboratories will surely feel the need of a good and efficient software. Also the rise of healthcare chains in the country is also a good sign for us as our software can ease out most of their problems. In fact most of our large customers are large chains which have benefitted immensely from our platform. Thus the future looks really bright and exciting," said Arvind Kumar.