Medicaid organization profile
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This document provides information about Medicaid Systems, an Indian company established in 1987 that designs, develops, and manufactures electrophysiology and neurodiagnosis medical equipment. The company has a annual turnover of $2.95 million, manufactures over 96 models of products, and has over 15,500 products sold, serving over 4,580 customers. It focuses on quality and continuous improvement through practices like Kaizen and has a young workforce of 73 employees across 10 locations in India.
Medicaid organization profile
- 1. Medicaid Systems (India) “Serving health... through technology” Medicaid Systems, #389, Phase:2, Industrial Area, Chandigarh-160002 India Ph : +91 172 2652706 Fax: +91 172 2653608 Email: info@medicaid.co.in Web : www.medicaid.co.in Since 1987
- 2. ? Established in 1987 ? Partnership firm registered in India ? Electro-physiology/Therapy, neuro-diagnosis as mainstream domain ? Annual turnover of US$2.95mn ? Total assets: US$ 2.32mn, no liability/loans/mortgage Overview of Medicaid
- 3. ? In house design, development and manufacturing ? High reliability and innovative products ? Market share in Psychiatry and Psychology – 90% ? Psychiatry, Neurology, Cardiology, Pharmacology and Physiology domains ? Total factory area: o Medicaid (8000 sq ft) o Mediglo (6000 sq ft) o Newly built: PH1:15,000sq ft Ph2: 25,000sq ft Overview of Medicaid
- 4. ? ECT - 7, ? rTMS - 3, ? Biofeedback-12 ? EEG-9 ? Behavior analysis/tests-14 ? EMG/NCS/EP- 3 ? ECG - 6 ? TMT - 2 ? Physiographs - 6 ? Polygraph - 12 ? Others - 18 (tests ,Organ bath, Stim) Total : 96 models Product Width
- 5. Recent products ? MedStim: o Repetitive Transcranial Magnetic Stimulator (rTMS) for treating depression and various neuro and psychiatric disorders ? YouWalk: o Functional Electrical Stimulator for treating dropped foot - stroke rehab ? RMNS: oRight Median Nerve Stimulator stimulation treatment for Coma, severe head injury. ? Non invasive BP from RAT tail: o Research project using polygraph (VPR/occlusion)
- 6. Products in market ? ECT-3000+, ? ECG-3800+, ? EEG-2000+, ? Biofeedback – 1000+ ? TMT-200+, ? Poly+Physio+Pleth+Psy- 5000+, ? EMG/NCS/EP- 500+ Total : 15,500 products sold
- 7. Our esteemed customers ? Psychiatrists – 3400+ ? Cardiologists – 460+ ? Neurologists - 310+ ? Research institutes/ - 200+ ? Colleges Universities ? Physicians – 110+ ? Medical colleges and – 100+ ? Corporate hospitals. Total : 4580 & counting
- 8. Our people: Our Biggest Asset Our People ? Total 73 employees: ? Tech (31), ? Operations (22), ? Design (12), ? Admin (8) ? Average age 29 years ? Training and development 6hrs/emp./month ? Employee turnover rate below 2%
- 9. ? Average stay with company 8years ? 1000 improvement ideas (Kaizen) implemented: o Last 3 years, total savings:US$5737 ? Spread over 10 office locations strategically spread across India ? Participates in CSR activities Human Resource: Our Biggest Asset
- 10. Financial Capability ? No liability ? No loan ? No mortgage ? Increasing customer base ? Upward trend from last 10 years ? Investment in technology ? Investment in R&D: **Digikey US$920/mt last 3 years
- 11. STRATEGIC APPROACH ? Quality: conscious mgmt & conscious employees ? Cost : affordable, num of installations ? Delivery : 90+ on-time, KANBAN based inventory scheduling ? Continuous Improvement : KAIZEN, QC, Suggestion schemes ? System : ISO-13485, CE, IEC TEST ? Audits : Internal and external audits ? Operational Excellence: ? Lean management practices adopted : 5S, ? Visual Mgmt, Kanban, Inventory mgmt, ? Total employee involvement
- 12. Technology prowess ? Design development using latest tools ? Tie-up with university, college, research inst ? Multi platform development ? Mobile and desktop ? Multiple platforms , Windows, Android, Web ? Latest hardware partner “Toradex” ? As OEM partner with Microsoft “Insiders program” developing on Windows-10 OS
- 13. About self ? Engineer by profession: ? B-Tech (Elex) and B-Tech- Ind Er. and mgmt (Specialization TQM) ? Keen interest in Design and development ? 15 years experience product development (Medical): ? Electrophysiology, ? Medical diagnosis ? Medical therapy ? Worked as associate, team lead and manager in 32+ D&D projects ? Worked with international teams / customers ? Trainings in Germany and Japan ? MR for ISO-13485 audit, CE – surveillance audit, product testing for IEC standards : 2009-2014
- 14. Partners.. our vendors/consultants ? Treating vendors and suppliers as partners ? Collaborative effort with vendors ? Development/ up-gradation of vendors ? Support from EMS for bulk orders ? Quality assurance from vendors and suppliers ? Long term contracts and availability ? System improvement and guidance from consultants
- 15. Reasons to work together ? Our experience ? Understanding of technology recent product match ? Understanding of system (Quality, CE, IEC) ? Cost advantage ? Reliability ? Proactive approach – Digikey order ? Young and energetic team ? Support from new government ? Logistics – DHL, TNT, Int. Airport … ? Solutions instead of product or service
- 17. Questions Thanks for your patience
- 18. We can collaborate… ? USB data acquisition system up-to 480Mbps ? Windows Embedded standalone system ? Android mobile app development ? Algorithm testing and development ? New product development
- 19. NIBP from rat tail using VPR