Max Healthcare and IIT Bombay ink MoU for research, capacity building and innovation in the healthcare industry
Mumbai, June 21, 2023: Max Healthcare Institute Limited, a leading healthcare provider, and the esteemed Indian Institute of Technology Bombay (IIT Bombay), known for its academic excellence and technological advancements, have signed a Memorandum of Understanding (MoU) to create an alliance intended to encourage research, capacity building and innovation in the healthcare industry.
The collaboration between Max Healthcare Institute Limited and IIT Bombay represents a significant milestone in the pursuit of transformative digital healthcare solutions. By joining forces, both organisations seek to leverage their unique strengths and expertise to address pressing healthcare challenges and enhance patient care.
The MoU, signed between IITB and Max Healthcare Institute Limited, sets forth the objectives and modes of collaboration to promote interaction and provide a formal basis for initiating joint initiatives.
Under this collaboration, Max Healthcare Institute Limited and IIT Bombay will focus on the following key areas:
Research and Development: The partnership will foster joint research projects focusing on healthcare technologies, medical devices, artificial intelligence, data analytics, and other cutting-edge areas. By combining the research capabilities of IIT Bombay with the practical healthcare knowledge of Max Healthcare Institute Limited, the collaboration aims to drive innovation and develop novel solutions that can revolutionise the healthcare industry.
Skill Development and Training: Max Healthcare Institute Limited and IIT Bombay will work together to develop training programs and workshops to enhance the skills of healthcare professionals, researchers, and students. This collaboration will promote continuous learning, foster interdisciplinary collaboration, and empower individuals to excel in their respective fields.
Technology Transfer and Commercialisation: The collaboration will facilitate transfer of technology and commercialisation of innovative healthcare solutions. By leveraging the entrepreneurial ecosystem of IIT Bombay and the market reach of Max Healthcare Institute Limited, the partnership aims to accelerate the translation of groundbreaking research into tangible products and services that benefit patients and healthcare providers.
Knowledge Sharing and Thought Leadership: Both organisations will actively engage in the exchange of knowledge, best practices, and expertise through conferences, seminars, and joint publications. This collaboration will foster a culture of thought leadership and intellectual discourse, driving the advancement of healthcare practices and policies.
Commenting on the partnership, Dr. Sandeep Budhiraja, Group Medical Director from Max Healthcare, said: “We are delighted to partner with IIT Bombay, an institution renowned for its academic excellence and innovation. This MoU marks a significant milestone in our journey to transform healthcare through research and digital technology. Together, we will forge new frontiers and pioneer solutions that improve patient outcomes and revolutionise the healthcare landscape. The collaboration between IIT Bombay and Max Healthcare holds tremendous potential for driving innovation and bringing about positive change in healthcare. By combining our expertise, resources, and shared vision, we will create an ecosystem that fosters breakthrough research and facilitates the development of innovative solutions."
Adding, Prof. Subhasis Chaudhuri, Director of IIT Bombay, added "Over the years, IIT Bombay has put in a significant emphasis on manpower training and research in the health care sector and it has already made several impactful contributions. With the signing of this MoU, we are confident that with the further help and collaborative support from our partner, we can have an accelerated growth in the healthcare sector, thus benefitting the society."
Prof. Ganesh Ramakrishnan, Institute Chair Professor and Professor-in-Charge, Koita Centre for Digital Health (KCDH), IIT Bombay, said “Collaboration with Max Healthcare will bring clinical expertise and the collaboration aligns well with KCDH’s vision of interdisciplinary research in digital health areas of Healthcare Applications, Healthcare Data Management, Healthcare Analytics & AI/ML (Artificial intelligence/Machine learning), Consumer Health & Telemedicine, Computational Biology & Bioinformatics, Population Health & Public Health Policy.”
The Koita Centre for Digital Health (KCDH) set up at IIT Bombay is focused on driving academic programs, research, and industry collaborations in Digital Health. KCDH addresses the need for engineering, clinical professionals and entrepreneurs in Digital health and creates research and employment opportunities in this domain. It partners with leading hospital systems, healthcare research, and academic organisations which have strong capabilities in different branches of medicine and healthcare.
The KCDH team led by Prof. Ganesh Ramakrishnan and Max Healthcare team led by Dr Vinita Jha, Executive Vice President, Max Healthcare played a vital role in initiation of this long-term collaboration and signing of the MoU.
About Max Healthcare:
Max Healthcare Institute Limited (MHIL) is one of India’s largest hospital chain operator (considering only income from healthcare services) in fiscal 2023. It is committed to the highest standards of medical and service excellence, patient care, scientific and medical education.
MHIL has major concentration in North India consisting of a network of 17 healthcare facilities. Out of the total network, eight hospitals and four medical centres are located in Delhi and the NCR and the others are located in the cities of Mumbai, Mohali, Bathinda and Dehradun. The Max network includes all the hospitals and medical centres owned and operated by the Company and its subsidiaries, partner healthcare facilities and managed healthcare facilities. These include state-of-the-art tertiary and quaternary care hospitals at Saket, Patparganj, Vaishali, Rajendra Place, and Shalimar Bagh in Delhi NCR and one each in Mumbai, Mohali, Bathinda and Dehradun, secondary care hospital in Gurgaon and Day Care Centres at Noida, Lajpat Nagar and Panchsheel Park in Delhi NCR and one in Mohali, Punjab. The hospitals in Mohali and Bathinda are under PPP arrangement with the Government of Punjab.
In addition to its core hospital business, MHIL has two SBUs - Max@Home and MaxLab. Max@Home is a platform that provides health and wellness services at home and MaxLab offers diagnostic services to patients outside its network.
About the Indian Institute of Technology Bombay:
Indian Institute of Technology Bombay, set up in 1958 as the second IIT, is recognised worldwide as a leader in the field of engineering education and research. The Institute was granted the status of 'Institution of Eminence' by the Ministry of Education (the then Ministry of Human Resources Development) on July 9, 2018. IIT Bombay is reputed for the quality of its faculty and the outstanding calibre of students graduating from its undergraduate and postgraduate programmes. The Institute has 15 academic departments, 39 (Centres/ Programmes/ Academic facilities), three schools, and four Interdisciplinary programmes. Over the last six decades, more than 62,500 engineers and scientists have graduated from the Institute. It is served by more than 680 faculty members considered not only amongst the best within the country but also highly recognised in the world for achievements in the field of education and research.
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