Tag Fischer Medical Ventures Ltd

Fischer Medical Ventures Ltd (formerly known as Fischer Chemic Limited), through its wholly owned subsidiary Time Medical International Ventures (India) Private Limited formalises its investment in Health Digital Technologies (HDT), joining their existing investors Samsung Ventures and sovereign wealth fund of Malaysia, Khazanah (through MTDC), to bring their tele-consultation platform and e-prescription pharmacy, i.e. DoctorOnCall beyond Malaysia market.

Fischer Medical Ventures Ltd (Fischer MV) is known for its affordable, and accessible medical diagnostic and imaging technologies, by leveraging cutting-edge innovations and AI-powered software solutions in healthcare. As the first company to indigenously manufacture high- quality Magnetic Resonance Imaging (MRI) systems in India and owning a diverse portfolio of breakthrough diagnostic solutions, Fischer MV envision to grow its telehealth offerings globally with HDT.

HDT is leading Malaysia’s digital healthcare evolution through DoctorOnCall, the nation’s pioneering integrated platform offering a comprehensive healthcare ecosystem, seamlessly merging teleconsultations, online pharmacy services, a dynamic health services marketplace, cutting-edge insurance solutions, and bespoke corporate medical concierge services, all in 1 platform. At the core of their innovation lies the Digital Health Exchange (DHX) platform, a game-changing solution that aggregates healthcare services from multiple providers, ensuring unparalleled service integration across the sector. Through technological innovation, HDT bridges the gap between patients, healthcare providers, and insurers, setting new benchmarks in accessibility, efficiency, and quality care in the digital age.

With a robust infrastructure encompassing more than 500 GP clinics network, engaging over 1.9 million registered users, and supporting more than 20 million annual visits, DoctorOnCall platform has redefined healthcare accessibility and convenience, with an intuitive interface that integrates teleconsultations, online pharmacy services, health services bookings, and bespoke medical concierge services. From frictionless know-your- customer (KYC) processes to robust verification protocols, every interaction prioritizes security and user convenience. Whether it is selecting prescription medications, consulting with physicians, or managing health packages, users benefit from a streamlined experience in just three clicks. HDT’s B2B strategy involves providing HealthTech solutions to hospitals, life sciences companies, and a vast insurance and corporate network including Allianz, AIA, FWD, Generali, Etiqa, Great Eastern and Prudential. Their commitment to regulatory compliance, data privacy, and security, ensures a seamless user experience and lead to its achievement of “Forbes Asia 100 to watch”.

The digital health industry in Malaysia is experiencing rapid growth, projected to grow at a CAGR of approximately 15-25% over the next five years . Malaysia healthcare market is fuelled by increasing adoption of telehealth, online pharmacy, and doctor booking services, as well as government initiatives to digitize healthcare, leading HDT to win a contract with Malayia’s largest Telco CelcomDigi to roll out digital healthcare services to more than 14,000 independent GPs that will enlarge DoctorOnCall’s network for delivery of care@home initiative and another contract to roll out “Dengue Test” in the country through their vast GP network. Leveraging the triumph of their DoctorOnCall platform, HDT is also poised for exponential growth beyond Malaysia, making inroads to lead in Southeast Asia with a recent contract win from a hospital group in Saudi Arabia and actively expanding in Singapore and Indonesia, benefiting from the rising medical tourism in Malaysia.

Commenting on the investment, Mr. Ravindran Govindan, Executive Chairman & MD of Fischer MV states: “DoctorOnCall is EBITA-positive, proving the platform is relevant in today’s market. Their growth strategy that leverages cutting-edge technology and deep market insights is aligned with Fischer MV, particularly their promising Telemedicine marketplace, AI-driven ecosystem that connects patients, healthcare providers, and insurers seamlessly. Our collaboration aims to expand their B2C markets as well as to acquire more corporate clients and insurance providers globally by leveraging on Fischer MV’s strong sales network and deep expertise in digital health across ASEAN, India, and the Middle East.”

Mr. Maran Virumandi, CEO of Health Digital Technologies shares his excitement with the collaboration: “Fischer MV’s funding and marketing support propel us toward our goal to expand our cross-border scalability, and global footprint. Fischer MV will bring in invaluable expertise and innovation to the table and we look forward to leverage this partnership to enhance DoctorOnCall’s HealthTech capabilities and expand our combined reach together to revolutionize the healthcare landscape, making quality healthcare more accessible to all.”

This strategic partnership between Fischer MV and HDT exemplifies a joint commitment to innovation, accessibility, and excellence in digital healthcare delivery, setting a new benchmark for the industry globally, with a commitment to innovation, affordability, and quality.

Fischer Medical Ventures Ltd. (Fischer MV), a pioneering force in the healthcare industry, has signed a Memorandum of Understanding with Tech Avant-Garde (TAG), an innovative educational solutions provider, to implement comprehensive health programs in educational institutions across India. This strategic partnership aims to drive holistic healthcare of students and their connected communities to enable a healthier and more conducive learning environment.

Fischer MV (formerly known as Fischer Chemic Ltd) is dedicated to transform the healthcare landscape through advanced, affordable, and accessible medical diagnostic and imaging technologies, by leveraging cutting-edge innovations and AI-powered software solutions in healthcare. As the first company to indigenously manufacture high-quality Magnetic Resonance Imaging (MRI) systems in India and owning a diverse portfolio of breakthrough diagnostic solutions, expanding into children healthcare with TAG fits their mission to support India’s education system by promoting long-term health awareness and preventive care for a healthier youth generation.

TAG is an innovative educational solution provider that offers a range of programs designed to enhance digital literacy, skill development, financial digital literacy, and health awareness among students. Being India’s largest solution provider in the education segment supporting all genre of institutes ranging from K-12 schools to universities, TAG is also a part of the accelerator program of Microsoft; certified as a Global Trainer for Microsoft in Education, and award winner for the Best Worldwide Training Partner of Microsoft Asia region. Renowned for its extensive work since 2013 equipping Indian students with the necessary skills and knowledge to thrive in a rapidly evolving digital world, TAG now expands into student’s healthcare by integrating comprehensive health initiatives offered by Fischer MV into their hybrid education program (called Carte Blanche), to benefit millions of students and their connected communities.

Fischer MV-TAG collaboration in India will start with screening students through Fischer MV’s Flynn Health Kiosk, a health screening machine that conducts a comprehensive diagnostic of over 60 clinical vital signs parameters within minutes. Eye health, audiology, oral health, mental health, lung & respiratory health checks which are important aspects for students will also be implemented in phases. In parallel, adolescent girls and women’s health will be added to provide a holistic view of each student’s health status every quarterly. Fischer MV-TAG program will also extend beyond students to rope in their parents, teachers, and school communities to achieve the combined mission to foster a healthy connected learning community.

As of 2022, India has around 1.4 million schools, one of the largest in the world . Student enrolment in 2021-22 was reported to be over 265 million . However, a significant number of students suffer from some health conditions that could hinder their education path. A comprehensive health management program such as Fischer MV-TAG can help by promoting regular health screenings in schools for preventive health care among students and the surrounding community.

Fischer MV is elated with the collaboration with TAG to implement their proprietary Flynn Care HealthCare Integrated Platform to start screening Indian young population’s vital health parameters to ensure issues that can hinder their studies can be spotted early. This initiative underscores the critical role of health in education, as healthier students are more likely to achieve academic success and participate fully in school activities. By managing the health aspects of students and the surrounding community, Fischer MV can help to create a healthier, more supportive educational environment in India.

Fischer MV- TAG collaboration is poised to set a new standard in student health management, combining innovative healthcare technology with comprehensive and hybrid educational programs, to ensure every student could succeed academically and thrive healthily. This initiative will not only improve individual health outcomes but also contribute to the broader goal of enhancing public health infrastructure in India.