Table of Contents
01  The HealthTech Monthly Roundup

02  Generative AI in Healthcare

03  From Pillars to Pixels: Journey of the Digitization of Healthcare in India

04  Exploring Capabilities of OpenAI’s ChatGPT Code Interpreter

05  5 CX Trends in Healthcare for 2023

News & Events

Mantra Labs Inaugurates its new brand new HQ in Whitefield, Bengaluru.

Mantra Labs inaugurated its new headquarters at Camelot Tech Park, Whitefield. The site will serve as the headquarters of its global operations and will provide support to its existing facilities in Kolkata, Gurugram, and North Carolina. 

“The new office is designed to promote cross-functional collaboration and teamwork, cultivate inclusion, and increase business agility while prioritizing employee wellbeing. We are super excited to move into our new home, where we aim to build and grow our team of technology tinkerers A.K.A Mantriks, and continue to build Intelligent Experiences for Global Enterprises!”, said Mikhail Mitra, Chief Strategy Officer, Mantra Labs.

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The Mantra Podcast Season 2 ️

Tune in to the 1st episode of Mantra Podcast Season 2 with Sumit Bhatnagar, CEO of GreenBrilliance, and Shawn Williams, Director of Business Development in the U.S., Mantra Labs.

Watch the full video! ️

The HealthTech Monthly Roundup

A quick roundup of the month’s latest health tech activity, both in India and globally.

• UK-based company Thymia secured $2.7m (€2.4m) in its recent seed funding round. With this investment, the company will advance its technology in the clinical field by obtaining medical device approval. Additionally, it will also enhance its AI infrastructure and develop a tool to detect ADHD symptoms.
• According to a report released by LoEstro Advisors, the Indian e-pharmacy market is projected to increase at a CAGR of 22% touching US$1.1bn in market value. 

Most Innovative Insurtechs of 2023

Read the blog, here. 

Blog

Generative AI in Healthcare

According to a report by Market.us, the global Gen-AI in healthcare market size was valued at USD 1.2 billion in 2022 and is expected to reach USD 8.9 billion by 2032, growing at a CAGR of 22.7% during the forecast period. 

Given the broad focus, this emerging technology has enormous potential to revolutionize healthcare in unprecedented ways, but it also poses some challenges and risks that need to be addressed.

American healthcare company, CloudMedX is a computing platform that improves patient outcomes using predictive analytics. It uses AI to collect data and build holistic pictures of individuals and communities. Its single, unified data platform has operational, clinical, and financial functions, meaning healthcare providers can find everything they need in one place. 

The company’s predictive healthcare models can predict disease progression and determine the likelihood that patients may have complications by processing medical data and providing risk assessment scores. 

Generative AI can address some healthcare challenges, such as pandemics, chronic diseases, staff shortages, and administrative burdens. However, the technology also comes with its own challenges and risks that must be carefully considered and managed. Therefore, it is essential to develop trustworthy and responsible generative AI systems that can benefit healthcare without compromising its quality and integrity.

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From Pillars to Pixels: Journey of the Digitization of Healthcare in India

The journey of digital healthcare in India began much before the pandemic. The Indian Government’s Digital India initiative, launched in 2015, laid the foundational stone by ensuring digital accessibility and the growth of digital literacy. The intent was clear – to digitize government services, including healthcare, to make them more accessible to India’s large and diverse population.

The pandemic underscored the critical need for solutions like Connect2Clinic, offering a virtual platform that bridged the gap between patients and healthcare providers during a global crisis. With 20,000+ verified doctors across 30+ specialties, Connect2Clinic ensured not only uninterrupted healthcare services but also provided safe, reliable, and easy-to-access solutions, maintaining a stellar rating of 4.8+.

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Exploring Capabilities of OpenAI’s ChatGPT Code Interpreter

The introduction of Code Interpreter can herald a new era of tech innovation. In industries like retail, for example, companies can leverage ChatGPT to analyze customer behavior data, improving their marketing strategies and customer service. Similarly, in healthcare, researchers could use it to sift through vast amounts of medical data to derive useful patterns and insights.

In the realm of education, the Code Interpreter could be used to create interactive learning tools, helping students grasp complex concepts easily. This could lead to a more inclusive and adaptive learning environment. Tech companies can leverage the same to accelerate building products, gain efficiencies, etc. Companies like Mantra Labs have already started exploring such possibilities and experimenting with it to create tools and solutions that cater to industrial needs.

The introduction of ChatGPT’s Code Interpreter represents a significant leap in AI development, one that holds immense potential. As we continue to refine and expand this tool, the Code Interpreter could transform industries, change our approaches to problem-solving, and redefine the boundaries of what AI can achieve.

Read the blog here.

5 CX Trends in Healthcare for 2023

The healthcare industry has seen several practices become common that otherwise took a back seat. Tech in healthcare, without a doubt, will make the patient experience more personalized and convenient. This year is witnessing more virtual communities, especially in rare diseases for which traditional care is not easily accessible. These are online platforms that enable patients to connect with others with similar conditions as well as doctors.

Despite all this, it is crucial to remember that the only constant thing that cannot be interchanged with another at the end of the day is still the human touch. Technology exists to facilitate healthcare providers sharing better experiences with patients.

Read the full blog, here.