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Healthians plans to triple its current lab count by end of current financial year

Anurag More, Mumbai
Friday, September 9, 2022, 08:00 Hrs  [IST]

Healthians, the health test at home service provider, is planning to not only expand its product portfolio but also foray into healthcare services that provide a more holistic experience to the consumers. Currently, the company is operating in 250+ cities across India and it is now planning to expand its footprint in the country rapidly by adding another 100 cities to the list and be operational in 350+ cities across India.
"We intend to also triple our current lab count of 11 labs and take the lab count to 30+ in the country by the end of the current financial year. To ride the next wave of growth we intend to double our revenue numbers and even double our customer base till the end of the current financial year. At the heart of our services lies our major strength, the wide network of highly trained Phlebotomists who offer a major differentiation from our competition, we plan to hire an additional 1,000+ more phlebotomists to expand our base and drive the growth spurt, taking our overall employee strength beyond 4,000+,” said Deepak Sahni, founder and CEO of Healthians.

We are also working towards expanding our test menu to make it even wider than the current one to offer one of the most comprehensive test menus in the country to drive higher brand preference with our B2B partners like doctors, hospitals and affiliate partners. We have recently launched a wide array of healthcare services like surgery, health supplements and radiology and are working towards scaling them up at a national level. Launching our IPO in the next 5 years is also in the offing, Sahni said.

Talking about investments he said, "We raised our last round of funding in December 2021 and are sufficiently funded for the time being with healthy margins to show in our books and soon targeting to breakeven completely. The organization will look forward to a larger round sometime mid next year, if need be."

Talking about Indian diagnostics industry Sahni said, "It is dominated by the private sector. And we see that there is effectively no legal framework for regulating private labs in India. While the legal framework for the regulation of private labs is set up under the Clinical Establishments Act, 2010, but issues with the adoption and implementation of this Act leave the diagnostic sector effectively unregulated. In the absence of an overarching law that assures the quality of clinical establishments, private labs have started taking voluntary accreditation for establishing credibility in the diagnostics market. Unfortunately, accreditation of labs is not mandatory in India."


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