Medikabazaar – Turning a dream of affordable and accessible healthcare, into reality!
According to numerous reports, India is facing the threat of various new diseases and infections. A CNN report stated there is a possible outbreak of the Nipah virus whereas the Times of India reported that viruses like Yellow Fever and Avian Influenza present a serious threat to the country. Couple this with existing non-communicable diseases (NCDs) which doesn’t make for comfortable viewing.
As new ailments take shape, advanced medical products will play a central role in helping medical establishments diagnose and treat such diseases. This is where Medikabazaar is making a difference. Our quality medical supplies and effective procurement solutions are making the purchase process more streamlined and effective leading to significant cost savings for hospitals, and affordable and accessible healthcare for the patients. Medikabazaar is a Value Procurement Organization (VPO) which provides various value-added services to healthcare institutions, helping them to counter these health threats.
One of the primary services is a powerful online platform with a product catalog of more than 3 lakh medical supplies encompassing all the pivotal categories – from the smallest consumables to the most complex equipment. Hospitals can search for their required supplies, compare prices and specifications, and take an informed and planned purchase decision. The platform acts as a single-point of contact for hospitals which saves them the trouble of contacting multiple suppliers and procuring supplies at disproportionate rates.
Medikabazaar’s proprietary AI-ML tool, VIZI, is another important aspect of our VPO service. The tool provides hospitals with accurate stock projections which can help them procure the right amount of supplies, timely. VIZI also provides alerts/notifications about the usage of reserve/safety stock so that hospitals can procure supplies well in time so as to not face any stock-out situations. The application not only enables them to save, but keep their inventories organized and devoid of any excess, shortage, and expiry of stock keeping units (SKUs).
As we believe that healthcare services should be available to everyone, we understand the priority of making it accessible in every corner of the country. Medikabazaar’s last-mile, and same-day delivery (MBGO) services are connecting medical centers in tier 2, 3 cities and remote locations - areas where traditional supply chain systems and distribution lines couldn’t reach – as well within cities, delivering the essential supplies and enabling them to administer timely and quality patient care.
Hospitals procuring supplies at high prices affect the patients as they then have to pay a significant amount of medical expenses. This is troubling for a country like India where most of the patients have to pay medical fees out of their own pockets as out-of-pocket (OOP) expenditure. With Medikabazaar, hospitals are not only procuring supplies at competitive prices coupled with an efficient supply chain process, they are in turn able to deliver cost-effective services which are not creating a dent in the pockets of their patients.
At Medikabazaar, we dream of a country where healthcare services can be availed by anyone and everyone without having to feel a sense of burden. With our services, we are well on our way to fulfill that dream.