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.
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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