electronic

Hospital records and prescription management technology

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Hospital records and prescription management technology

Country
Sector
Most major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Health Care
Sub Sector
Most major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Health Care Providers
Indicative Return
Describes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
20% - 25% (in ROI)
Investment Timeframe
Describes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Short Term (0–5 years)
Market Size
Describes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
5% - 10% (CAGR)
Average Ticket Size (USD)
Describes the USD amount for a typical investment required in the IOA.
USD 500,000 - USD 1 million
Direct Impact
Describes the primary SDG(s) the IOA addresses.
Good health and well-being (SDG 3)
Indirect Impact
Describes the secondary SDG(s) the IOA addresses.
No Poverty (SDG 1) Gender Equality (SDG 5) Sustainable Cities and Communities (SDG 11)

Business Model Description

Scale-up ERP and SaaS solutions that digitize and manage medical records and prescriptions for patients, sold as subscriptions to public and private hospital networks

Expected Impact

Reduce costly misdiagnoses and inaccuracies, making healthcare more affordable and reliable for Brazilians

How is this information gathered?

Investment opportunities with potential to contribute to sustainable development are based on country-level SDG Investor Maps.

Disclaimer

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The descriptions on this page are provided for informational purposes only. Only companies and enterprises that appear under the case study tab have been validated and vetted through UNDP programmes such as the Growth Stage Impact Ventures (GSIV), Business Call to Action (BCtA), or through other UN agencies. Even then, under no circumstances should their appearance on this website be construed as an endorsement for any relationship or investment. UNDP assumes no liability for investment losses directly or indirectly resulting from recommendations made, implied, or inferred by its research. Likewise, UNDP assumes no claim to investment gains directly or indirectly resulting from trading profits, investment management, or advisory fees obtained by following investment recommendations made, implied, or inferred by its research.

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Country & Regions

Explore the country and target locations of the investment opportunity.
Country
Region
  • Brazil: Rondônia
  • Brazil: Maranhão
  • Brazil: Alagoas
  • Brazil: Amapá
Learn more

Sector Classification

Situate the investment opportunity within sustainability focused sector, subsector and industry classifications.
Sector

Health Care

Development need
Healthcare deficiencies are cited as Brazil's largest development need by nearly half of the population. Some of the main challenges mentioned are a lack of resources, both human and technical, and lack of productivity, leading to extensive delays in healthcare delivery (2) Brazil has scored 76.9 on SDG 3 (Good Health and Well-being) (1)

Policy priority
The new administration is addressing the healthcare system's main challenges, by vowing to increase efficiency in the system by digitizing medical records and removing restrictions for health professionals to serve both the public and private health care systems; proposing legislation to simplify the transfer process for foreign doctors who wish to work in Brazil (5)

Gender inequalities and marginalization issues
Health-related issues, such as non-communicable diseases, lack of access to family planning services, and maternal health complications, greatly impede women’s ability to engage in the workforce. (6)

Investment opportunities introduction
High potential revenues by providing affordable healthcare to the uninsured population with high targeted returns ranging between 15 and 20%.(16)

Key bottlenecks introduction
Lack of resources and productivity leading to extensive delays

Sub Sector

Health Care Providers

Development need
Brazil's new administration has cut healthcare expenditure by over US$ 2 billion in 2019, down to US$ 31 billion (4) putting a strain on the system which is characterized by poor quality factors. Patients in the public health system are twice as likely to die from infections than patients in the private health system (10) (13)

Policy priority
Public sector has repeatedly stressed the objective of making the public healthcare system more efficient and allow professionals to by allowing public and give flexibility to professionals to work in both public and private health care provision

Gender inequalities and marginalization issues
Maternal mortality rates in Brazil are five to ten times higher than countries of comparable economic status. Two of the greatest challenges are the high prevalence of cesarean section (c-section) and unsafe abortions. (6)

Investment opportunities introduction
Since 2015, nearly 3M people have lost private health plan coverage, driven by the economic crisis (8), putting additional pressure on the public healthcare system, but also increasing the opportunity for non-plan coverage models (e.g., pay-as-you-go)

Industry

Health Care Delivery

Pipeline Opportunity

Discover the investment opportunity and its corresponding business model.
Investment Opportunity Area

Hospital records and prescription management technology

Business Model

Scale-up ERP and SaaS solutions that digitize and manage medical records and prescriptions for patients, sold as subscriptions to public and private hospital networks

Business Case

Learn about the investment opportunity’s business metrics and market risks.

Market Size and Environment

CAGR
Describes the historical or expected annual growth of revenues in the IOA market.

5% - 10%

Critical IOA Unit
Describes a complementary market sizing measure exemplifying the opportunities with the IOA.

42,000 hospitals and clinics in Brazil require digitalisation of records and prescriptions

The health technology market in Brazil is expected to grow ~6% CAGR 2016-2020 (9)

There are over 42K hospitals and clinics in Brazil that need to have their records and prescriptions digitized (7) (17)

Indicative Return

ROI
Describes an expected return from the IOA investment over its lifetime.

20% - 25%

Benchmark investors consulted in this vertical have target returns of 18-25% (13)

Investment Timeframe

Timeframe
Describes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.

Short Term (0–5 years)

Technology platforms are already available and installation and onboarding periods are short, which is expected to lead to cash generation in the short term, based on conducted research

Ticket Size

Average Ticket Size (USD)
Describes the USD amount for a typical investment required in the IOA.

USD 500,000 - USD 1 million

Market Risks & Scale Obstacles

Business - Business Model Unproven

Absence of proven models and uptake by care settings, until now

Slow uptake by public delivery settings due to administrative and procurement obstacles

Capital - CapEx Intensive

Potential need for added training to ensure technology adoption and adherence

Impact Case

Read about impact metrics and social and environmental risks of the investment opportunity.

Sustainable Development Need

Brazilian hospitals are 86.3% less time-efficient (defined as average internment time for patients) than American ones at clinical treatments (10)

Under 15% of the Brazilian population has electronic medical records and 70% of medical prescriptions in Brazil have potential for errors, putting thousands of patients at high risk (8)

Gender & Marginalisation

Maternal mortality rates in Brazil are five to ten times higher than countries of comparable economic status. Two of the greatest challenges are the high prevalence of cesarean section (c-section) and unsafe abortions. (6)

Expected Development Outcome

Increase efficiency of hospital management by e.g., reducing costly misdiagnoses (25-40% of laboratory exams undertaken in Brazil in 2017 were not necessary, costing the public healthcare system over US$ 2 billion) (17)

Revenue increase: One player in the subsector, BoaConsulta, helped clinics increase revenues by 34% on average (13)

Reduce risk of prescription inaccuracies by digitizing them and using zero-error software systems

Gender & Marginalisation

Increased efficiency in hospital management and decreased errors in medical prescriptions, improving women's access to healthcare provision

Primary SDGs addressed

Good health and well-being (SDG 3)
3 - Good Health and Well-Being

3.d.1 International Health Regulations (IHR) capacity and health emergency preparedness

Current Value

National legislation, policy and financing 100%, coordination and National Focal Point communications %90, surveillance %90 (2017), Health Service Provision %40, Risk Communication %80, Points of entry %60, National Health Emergency Framework %73 (2019) (18)

Target Value

100%

Secondary SDGs addressed

No Poverty (SDG 1)
1 - No Poverty
Gender Equality (SDG 5)
5 - Gender Equality
Sustainable Cities and Communities (SDG 11)
11 - Sustainable Cities and Communities

Directly impacted stakeholders

People

Health professionals at hospitals and clinics, particularly hospital administrators and back-office staff

Indirectly impacted stakeholders

People

Patients, particularly those under the Brazilian public healthcare system, who could benefit from more efficient and higher quality service

Outcome Risks

Potential for new technological requirements to put those less technologically savvy out of work

Impact Risks

Unexpected impact risk: loss of employment for people unfamiliar with new medical technologies

Execution risk: adoption of software solutions can require additional time and training

Impact Classification

C—Contribute to Solutions

What

The outcome is likely to be positive, important and intended because increased efficiency in hospitals and health clinics could reduce many costly misdiagnoses and prescription inaccuracies

Who

Health professionals and patients are underserved due to lack of productivity tools in health facilities

Risk

Software solutions are readily available but adoption timeframes may require additional training

Impact Thesis

Reduce costly misdiagnoses and inaccuracies, making healthcare more affordable and reliable for Brazilians

Enabling Environment

Explore policy, regulatory and financial factors relevant for the investment opportunity.

Policy Environment

(Plenary Session of Chamber of Deputies 2018): broad political support to digitize records and prescriptions, driven by interest in optimizing healthcare delivery by saving time and space in hospitals, reducing the margin for human error in prescribing and following-up with patients (15)

Financial Environment

(Plenary Session of Chamber of Deputies 2018): broad political support to digitize records and prescriptions, driven by interest in optimizing healthcare delivery by saving time and space in hospitals, reducing the margin for human error in prescribing and following-up with patients (15)

Regulatory Environment

(Brazilian Medical Council Bill (10107/18)): passed in 2018 to digitize patient records for more than 42K public health clinics across the country (7)

Marketplace Participants

Discover examples of public and private stakeholders active in this investment opportunity that were identified through secondary research and consultations.

Private Sector

VOX Capital, Performa Investimentos, Riverwood Capital, iClinic, BoaConsulta, Pixeon and Arquivar

Non-Profit

The National Association of Private Hospitals (Anahp)

Target Locations

See what country regions are most suitable for the investment opportunity. All references to Kosovo shall be understood to be in the context of the Security Council Resolution 1244 (1999)
country static map

Brazil: Rondônia

Rondônia concentrates three of the worst-performing hospitals in Brazil (7) (8), and ranks among the lowest states in terms of healthcare delivery, alongside Maranhão, Alagoas and Amapá.

Brazil: Maranhão

Rondônia concentrates three of the worst-performing hospitals in Brazil (7) (8), and ranks among the lowest states in terms of healthcare delivery, alongside Maranhão, Alagoas and Amapá.

Brazil: Alagoas

Rondônia concentrates three of the worst-performing hospitals in Brazil (7) (8), and ranks among the lowest states in terms of healthcare delivery, alongside Maranhão, Alagoas and Amapá.

Brazil: Amapá

Rondônia concentrates three of the worst-performing hospitals in Brazil (7) (8), and ranks among the lowest states in terms of healthcare delivery, alongside Maranhão, Alagoas and Amapá.

References

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