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Colonel Hemraj Singh Parmar
Experienced Healthcare Executive and Former Indian Army Colonel
Colonel Hemraj Singh Parmar is a prominent figure in the healthcare industry, currently serving as the Co-Founder of AyushPay, a healthcare startup focused on providing quality surgical care, particularly in Tier 2 and Tier 3 cities and rural areas of India. He has over 30 years of leadership experience in the global healthcare sector, emphasizing technology-driven solutions to enhance healthcare delivery in India.1
Professional Background
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Co-Founder, AyushPay (April 2021 - Present)
- Leading efforts to build a trusted healthcare platform that aims to improve surgical care accessibility across India.
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Group Chief Executive Officer, BR Life (December 2017 - May 2020)
- Managed a comprehensive chain of hospitals across India and Nepal, with plans for significant expansion in the healthcare sector.
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Group Chief Operating Officer, Ivy Hospital (April 2017 - December 2017)
- Oversaw operations for a network of hospitals, focusing on enhancing patient care and operational efficiency.
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Chief Operating Officer, Global Hospitals (February 2016 - December 2016)
- Responsible for the operational management of a large healthcare facility and multiple clinics.
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Chief Operating Officer (Healthcare), Obijackson Group of Companies (April 2015 - September 2015)
- Led the healthcare strategy for a major business group in Nigeria.
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Regional Head Operations, International Oncology Services (April 2014 - March 2015)
- Managed operations and strategic growth for cancer care centers in North India.
Colonel Parmar's extensive experience also includes roles in consulting and advisory capacities, where he contributed to the optimization and turnaround of healthcare facilities across India.1
Highlights
We’re looking for dynamic Customer Success Executives in AyushPay! More details of the envisaged role are as follows: #Number of vacancies: Three.
#Designation: Customer Success Executive
#Type: full-time employment.
#Role: Your responsibility will be to ensure customer satisfaction and conversion by providing exceptional support and proactive engagement. Build strong relationships, address customer queries, and help customers maximize the value of our products/services. Collaborate with internal teams to resolve issues and identify opportunities for growth.
#Location: Gurugram (Corporate office).
#Qualifications: Bachelor’s degree in business management, Commerce, or a related field with Strong knowledge of healthcare industry business dynamics, hospital operations, and financial products for the industry.
#Experience: 3+ years of experience in B2B inside sales, preferably in the healthcare, financial services, or lending industry.
#Preferable: from Insurance or Healthcare Fintech
#Compensation: Best in the industry.
#Requirement: Immediate joiner. Eligible candidates are requested to please send their resumes to [email protected] #ayushpay #alliancesandpartnerships #providernetwork #fintech #healthtech #jobs AyushPay | Nimith Agrawal | Vivek Kapoor | Aanchal Dewan | Neer Samtani | Amit Kukreja | payal thakkar |
Working capital management: a major challenge for growth in hospitals! As per various studies, hospitals on average have a working capital availability of just 19 days. This leads to major complications in cash flow management including payout of salaries, vendor payments and other administrative and statutory compliance expenses. Most tertiary or quaternary care hospitals have credit business (insurance, TPAs, Ayushman Bharat, ECHS, CGHS, ESI or state government health schemes) to the tune of 30-50% of their topline, sometimes even more. More than a month of their topline is locked in credit business. Add to this the burden of unexpected deductions and rejections. The love-hate relationship with credit business is a sad reality in the healthcare facilities – most have made peace with it. This reminds me of the famous Hindi movie dialogue: put him in liquid oxygen - the liquid will not let him live and the oxygen will not let him die 🥺😫 The payout from these credit business payers is highly inefficient, leading to accumulation of large accounts receivable (ARs). The aging of these ARs could run as high as three years in many hospitals and some of them become bad debt/ NPA overtime, putting further stress on meagre working capital. The average bed occupancy across the country is around 56%. Most hospitals therefore have immense spare capacity. Accepting credit business ensures better asset utilization (beds, ICUs, diagnostics, pharmacy & other value-added services). This ensures incremental revenue and better EBITDA margins at marginal costs while your fixed costs remain mostly constant (with some increase in variable costs). Working capital management therefore becomes a nightmare for most CEOs/ P&L heads, especially hospitals with limited free cash flow or large consistent EBITDA margins. You can hardly think of growth, building capacity or expansion amidst all this. Affordable finance is the only viable solution. Solving working capital management woes of hospitals therefore can unlock growth opportunities, thus leading to better revenues and EBITDA margins. #ayushpay #fintech #healthtech #affordablehealthcare #medicalloans AyushPay | Nimith Agrawal | Vivek Kapoor | Aanchal Dewan | Neer Samtani | Amit Kukreja | payal thakkar |
