In 2008, a child in the US suffering from cancer was shifted to Sloan Kettering Memorial from Florida. The hospital had to put together all the patients' records and FedEx it to the Sloan Kettering Memorial which took a couple of days to get that data out. The incident made headlines as the child lost his life due to long waiting for the required data transfer from one hospital to the other.
While, the doctor at Sloan Kettering Memorial made a statement saying that in today's day and age, even if I had this information a day before, I could've put this kid on some kind of an experimental drug which could've at least elongated the life or improved the chances of his survival.
Taking note of this lack of resources and time management, Mahesh Uberoi, President and CEO of My Personal Health Record Express (MphRx) conceptualized this venture to facilitate the healthcare space with speedy access to data delivery of patient's health.
Further elaborating on the business DNA of MphRx, Varun Anand, Co-founder, MphRx told WI Bureau, "Our initial idea was to bring patient at the center of everything. Thus, the title of the venture MphRx came out of My Personal Health Record Express. The idea was that patients should be able to walk into any hospital, get their patient record maintained and make keep a record of it which may include heavy files of ultrasounds and MRIs report."
He further informed that their investigation the area for the solutions, it became a nightmare. Hospitals were running on closed legacy systems ensuring that we handled enterprise by enterprise. User platforms couldn't have scaled just yet at that time due to limited mobile internet proliferation. This was the same time when giants like Google health failed."
A well-funded venture
HealthTech wasn't a fancy business model when we started this venture. VC community was hesitant owing to slow IT adoption by the hospitals. Accordingly, we decided to create a platform which had the capability to connect to any hospital IT system so as to allow patients and physicians to access data from any location. We tasted early success with largest privately held imaging center chain in the US who also eventually came in and invested in the company and the other one was Max Healthcare. We consciously haven't raised a lot of fund owing to the complex IT structures. Our revenues have funded us comfortably till now. Over the last 12 months, we have been able to evolve our Minerva platform further by leveraging Fast Healthcare Interoperability Resources (FHIR).