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Home / News Update  / Fischer Medical Ventures Ltd and Malaysia’s Health Digital
Technologies firm up investment and collaboration to launch their DoctorOnCall
platform worldwide


FISCHER MEDICAL VENTURES LTD AND MALAYSIA’S HEALTH DIGITAL TECHNOLOGIES FIRM UP
INVESTMENT AND COLLABORATION TO LAUNCH THEIR DOCTORONCALL PLATFORM WORLDWIDE

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

July 25, 2024
12:23 pm
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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    (source: grandviewresearch.com/industry-analysis/asia-pacific-digital-health-market-report).
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.

POST TAGS:

CAGRDigital Health Exchange (DHX)DoctorOnCallFischer Medical Ventures LtdHealth
Digital Technologies (HDT)Magnetic Resonance Imaging (MRI)MalaysiaMr. Maran
VirumandiMr. Ravindran GovindanThe digital health industry

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Friday, July 26, 2024
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