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Practo acquires Qikwell to smoothen hospital appointments

  • Healthcare
    start-up Practo said it has acquired Qikwell – its fourth acquisition in the
    last 5 months – a company that facilitates appointment scheduling at hospitals,
    for an undisclosed amount.
  •  
  • The buyout
    makes Practo the world’s largest appointment booking platform with nearly 40

    • Healthcare
      start-up Practo said it has acquired Qikwell – its fourth acquisition in the
      last 5 months – a company that facilitates appointment scheduling at hospitals,
      for an undisclosed amount.
    •  
    • The buyout
      makes Practo the world’s largest appointment booking platform with nearly 40
      million appointments managed every year, it said in a statement.
    •  
    • With the
      acquisition, Practo will get a product that provides smooth appointment
      booking, significantly reduced waiting time as well as contactless payment at
      hospital, it added.
    •  
    • “We
      continue our mission to help simplify and digitise healthcare globally, and
      make Practo your health app,” Practo founder and CEO Shashank N D said.
    •  
    • Over the
      coming months, Practo will continue its aggressive expansion and build the
      world’s leading healthcare technology platform, he said. Practo bought Fitho
      (digital fitness solution) in April, followed by Genii in July and Insta Health
      earlier this month.
    •  

    •  
    • The key
      proprietary technologies and algorithms of Qikwell help synchronise patients,
      doctors and front office staff at hospital to reduce the average wait time by
      over three times, resulting in a much better consumer experience as well as
      better optimisation of hospital operations, Qikwell said.
    •  
    • Practo will
      use this technology to improve the booking experience across its entire
      platform.
    •  
    • Launched in
      2011 by Krishna Prasad Chitrapura and Raghavendra Prasad T S, Qikwell claims to
      have over 100 employees, and offers appointment scheduling for 250 hospitals in
      19 cities. Its clients include Manipal, Fortis, Cloudnine, Narayana Hrudalaya,
      among others.
    •  
    • Last month,
      Practo had raised $90 million from a group of investors, including Tencent,
      Google Capital and Sequoia India. So far, it has raised $125 million, one of
      the largest funding in the digital healthcare space.

     

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