The transcript discusses various sectors within healthcare, including academic institutes, hospitals, clinical trials, medical tourism, digital health, healthcare IT, and IoT devices. It differentiates business models (B2B vs. B2C), explains IT integration, and highlights examples like telemedicine and mobile cardiac telemetry. It also covers blood and tissue banking, including stem cell, ovum, sperm, eye, and skin banking, emphasizing sector-specific requirements.
[00:00] There are many different types of medicine. Yes, medical knowledge means academic institutes, right? Academic institutes, there are separate business format, separate.
[00:20] licensing requirement and separate infrastructure need. So academic institutes in healthcare they have a separate specific role in the industry. Basically every sector has a significant role. They are contributing in healthcare.
[00:40] economics different way. For example, health care academic institutes, they are contributing for the health supply, skill and training development, research in the any kind of academics.
[01:00] need that academic sector to grow that industry right. But that academic institute that, but academic institute sector it does not mean that there must be some institute or university.
[01:20] university is to be there. There can be a small skill centre, they are providing basic training for the healthcare process. They come under academic initiatives only. That is a sector. I mean overall there are pharma
[01:40] There are medical, dental, physiotherapy institutes. There are skilled training centers. All comes under academic institutes.
[02:00] Transport. But hospital, it is a hospital surface, right? Clinical trials, clinical trials. Clinical trials, yes, means the research organization, right?
[02:20] They have different business model.
[02:40] You require licensing and the infrastructure is different. Medical tourism. Okay. Do we, let us, do we consider?
[03:00] medical tourism is a separate sector. Why not? You can answer any, don't worry people.
[03:20] hospital service. So, medical tourism is, we cannot consider as a separate sector in the healthcare industry. It is a part of hospital service because for medical tourism, anyways, you are attending international
[03:40] patient rather than your in-house, your regional, your citizens. The international patients travel for the treatment. But ultimately they got a treatment at hospital or clinic setups. Right?
[04:00] We will call it physical health. Digital health, where in there are, as you said, telemedicine, telehealth, or do whatever.
[04:20] online laboratory test, you do online pharmacy, you do online consultation or telemedicine or a telehealth. There are different keywords, but it is considered physical health as a separate sector. Let us pause here.
[04:40] Now what is the difference between healthcare, IT, tech and digital health? Why bother different centers? Anyone? Any thoughts? Any stupid thoughts?
[05:00] You can speak up no problem. Then digital health is also a security license for cyber acts.
[05:20] are, there are different things, right? Cyber security is a part of AI also, but I want to understand what is the difference. Explain me. What do you mean by healthcare IT sector?
[05:40] sector and digital health. In which sector you will consider it, the healthcare robotics or any robotics instrument equipment.
[06:00] See, if a robotic surgery equipment it will comes under medical division equipment. Now, if there is a software for robotics and AI.
[06:20] on data and etcetera if you consider then it will comes under healthcare IT right. And if through this equipment or through this device if you are connecting with the patient for their health.
[06:40] health care service and all then it will be a digital health got it. Means health care IT and tech are dealing with their business model is B to B.
[07:00] There are IT company who has built hospital management software, they will sell it to hospital and clinic owners. So, there is a business to business format. B2B where in digital health.
[07:20] What is the business model is? There is a platform who is providing telemedicine or online pharmacy etcetera and might be they have a onboard at doctors, but they will their consumers are paying for it.
[07:40] So, B to C business model, that way it is a major difference. Even in healthcare technology you can consider IOT also, anybody knows.
[08:00] IoT? Good internet of things. Now what you consider or any example in the healthcare, IoT is a tech world has every equipment or every instrument has some IoT feature. But
[08:20] Any of the example where you in healthcare IOT, IOT means Internet of Things. Maybe you guys have observed nowadays there are smart refrigerator, smart TV.
[08:40] smart ECG machine, smart this, smart that, except a human everybody is smart, right? So, what happened to that smart ECG?
[09:00] you can there is a separate keyword for that mobile cardiac telemetry. So, there is a device which you put for the cardiac patient, you need to have you heard about Halter?
[09:20] Halter. Halter records for one particular period 24s, 48 hours of cardiac rhythm need to record it. So, nowadays there are devices, the patient can put it here, go back to home for 48 hours, that device.
[09:40] will automatically record the cardiac rhythm, we know need not to be there in hospital or clinic where that rhythm data cardiac rhythm data will be on the cardiac sorry will be on the cloud server of that particular device.
[10:00] And doctor can refer all the 48 hours of his cardiac graft etc and accordingly he can find out what is the diagnosis on. This is IOT, internet of things. Any equipment or instrument you thought about it, you can put.
[10:20] The internet, you connect with device to the cloud service and get the data. That is the basic and it comes under healthcare IT.
[10:40] That glucose monitoring. Yes, yes that can be any kind of things, any kind of instrument equipment you connect it with the internet and cloud servers that is IOT, basic understanding and it comes under healthcare IT now see we come to just halfway I mean there are 18.
[11:00] total sector. So, till 9 more is there. But food and beverage is so, I mean that is separate anyways. Hospital. In a hospital food or kitchen.
[11:20] It is just a FNB industry is one of the sector that is an FNB industry is separate. We are discussing healthcare industry that way FNB industry is separate. So again, it is a hospital one service part of a service.
[11:40] Blood bank, yes, there are blood and tissue bank, blood and tissue banking.
[12:00] Business format is different, you need a license and there is an separate infrastructure requirement. Why TCU banking is there, any idea? Organ transplant. Organ transplant. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah.
[12:20] is different how what we understand or what is your experience on tissue banking, any example anything you know about. Stem cell banking is there you preserve that is why stem cell is one part of tissue that is one example. There are.
[12:40] many tissue banking things. Placenta. Placenta, right. So, that is another banking. Any example? You guys are MBA healthcare and hospital management people, you are going to lead tomorrow, you are going to manage.
[13:00] in this one of this sector. So, your thought process has to be broad and my aim too is to you have to establish your perspective to a leadership level. You cannot.
[13:20] Be you know. You have any ovum, you may ovum. Yes, there are ovum banks or a sperm banking, eye banking, any kind of TCOs even there are
[13:40] Skin banking also, have you heard about it? Burns patient. Burns patient, there are skin banking also. Yeah, fine I think that blood and tissue banking sector is, you got overall idea right. Healthcare my career.
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