Innovation in Healthcare

  • Advent has been incorporated to provide services to sustain institutions desirous of taking advantage of the rapid growth and increasing opportunities in different segments of healthcare.

  • Advent “vision” is illustrated in the diagram and is aimed to redefine healthcare delivery through patient centric strategies and innovation to create sustainable business solutions.

Advent –MeVaT Solutions

  • Advent has done a large number of project assessments and reports over the last decade. Most of them have subsequently become complete projects, which are offering healthcare services across the country.
  • On the basis of emerging global trends and changing healthcare delivery models Advent has defined an opportunity in “Medical Value Travel” and intends to leverage its existing understanding and relationships to participate in this area   of health care delivery.

Market Overview

  • Medical Value Travel is the act of traveling to other countries to obtain medical, dental and surgical care. Ten year ago, medical value travel was hardly large enough to be noticed.
  • Today India is placed among the top three medical tourism destinations in Asia mainly due to the low cost of treatment, quality healthcare infrastructure and availability of highly­‐skilled doctors, says a study( KPMGFICCI)
  • In 2004, India received 1,50,000 medical tourists and this number has grown to 33% by 2008 to 2,00,000 inbound medical tourists and is expected to reach could reach up to 5 million by 2016, attracting additional visitors to the country.(Forbes)
  • “India, Thailand and Singapore are the three countries in Asia that Receive maximum medical tourists owing to low cost, quality health care infrastructure, and availability of highly-skilled doctors. “These three countries together accounted for about 60 per cent of the total Asian revenue in 2012.
  • Estimated at $78.6 billion as of 2012, the sector has emerged as one of the largest sectors in India and is poised to grow at an annual rate of 15 per cent to reach about USD 158.2 billion by2017.
  • India is known mostly foritscost-effective medical treatments along with high standards in cardiology, orthopaedics, nephrology, oncology and neurosurgery stated the report.

Medical Value Travel

  • With over a decade of Healthcare experience with us, we understand the specific need of the medical treatment and offer a comprehensive, cost-effective, best medical treatment in India. We aim to offer the following services to the medical value traveler:
  • Customer Profile specific: Our analysis shows that there are three categories of medical value travelers: NRI’s, from Under-developed countries and from developed countries.
  • Patient Specific Treatment: As Advent, we understand medical challenges and all available options as per the patients requirements and will provide customized individual solutions.
  • Cost Sensitive options: We appreciate that costs of treatment are a combination of medical components (technology, doctors’ skills) and hospitality components (room and its comforts). Our Customized solutions provide services to all categories of patients.