Fischer Medical Ventures Ltd (formerly known as Fischer Chemic Ltd), emerged as a leading entity as the first company through its wholly owned subsidiary Time Medical International Ventures (India) Private Limited to indigenously manufacture advanced high quality, cost-efficient Magnetic Resonance Imaging (MRI) systems in India. Apart from manufacturing medical imaging devices, Fischer Medical Ventures Ltd (Fischer MVL) strategically invest into a portfolio of high-tech diagnostic solutions, such as DigiHealth Specialists Inc. (DigiHealth), a substantially-owned subsidiary company in the Philippines.
DigiHealth is a disruptive digital healthcare technology provider that aims to revolutionize primary healthcare by making it advanced, affordable, and accessible to all. The Company recently signed a Memorandum of Agreement (MOA) with RiteMED Philippines, Inc. (RiteMED), a leading player in generic medicine in the Philippines, in support of the nation’s Universal Health Care (UHC) program. The collective goal is to use DigiHealth’s Automated Telehealth Machine (ATM) to bridge the gap in affordable quality healthcare with extensive primary care screening, simplifying doctor consultations and laboratory procedures, right in a premise with access to budget-friendly yet high-quality medicine, particularly targeting remote areas where access to quality healthcare remains challenging.
| DigiHealth’s ATM is an all-in-one health screening machine that conducts a comprehensive body diagnostic of over 60 clinical parameters within a mere seven (7) minutes. Aside from basic vital signs and BMI calculations, sugar level checks, haemoglobin, cholesterol, vision test, rapid tests for infectious diseases, even mental health assessment and ECG can be done in DigiHealth ATM and consolidated in the patient’s Electronic Health Record. Its user-friendly interface can display results directly on WhatsApp along with personalized lifestyle and dietary recommendations or printed directly from the machine, making complex health data immediately accessible and understandable. DigiHealth ATM also integrates teleconsultation to registered doctors and lab results are sent speedily for faster and clearer diagnosis and medical prescriptions. DigiHealth ATM truly makes it convenient for health screening and augments the shortage in healthcare workers efficiently at a very affordable cost, thus making Universal Health Care program in the Philippines realizable. |
DigiHealth now partners RiteMED, founded in 2002 by United Laboratories Inc (Unilab) and has since emerged the leading uni-branded generic company and most trusted pharmaceutical company in Philippines. Atty. Jose Maria A. Ochave, President of RiteMED states “RiteMED believes that UHC program is attainable and relevant to deliver better services that the Filipino people need and RiteMED and DigiHealth are committed to working with local government units for its implementation. RiteMED continuously seeks partnerships such as DigiHealth that enable technology-driven services for faster, more efficient, and more affordable results.”
Fischer MVL Executive Chairman & MD, Mr. Ravindran Govindan witnessed the MOA signing and expressed his full support to this partnership: “Our commitment is to make advanced healthcare technologies available and affordable to developing countries like the Philippines. Our vision is to lead the digital healthcare landscape with our proprietary [Multi Spectral Diagnostic Intelligent platform] developed in-house that allows any medical modality to connect to our AI diagnostic platform, to offer high-quality yet affordable healthcare to Filipinos. We consider this partnership with RiteMED a significant milestone in the country’s healthcare industry.”
Ms. Joyce Socao, Managing Director and CEO of DigiHealth, further states: “DigiHealth ATM integrates cutting-edge technologies, including AI-assisted ECG readings and mental health scanners of World Health Organization (WHO) standards and HIPAA-compliance. This advance health kiosk is ready to be introduced to RiteMED pharmacies across Philippines, supported by real-time analytics and electronic health records, particularly focusing on underserved provinces. On a national level, Digihealth targets to sell at least 10,000 units to reach out to target population, especially the geographically isolated and disadvantaged communities, in support of the Universal Health Care that is being implemented in the country this year.”
This strategic collaboration with RiteMED marks a significant milestone in Fischer MVL’s journey towards expanding our global sales and enhancing its offerings in medical imaging and diagnostics solutions. The Company is currently exploring local partners to distribute their innovative DigiHealth ATM diagnostic kiosk worldwide.
