Republic Business Leadership Conclave LIVE: 1MG’s Prashant Tandon On Upgrading India’s Healthcare
At Republic TV’s Business Leadership Conclave, Tata 1mg CEO Prashant Tandon shared a blueprint for revolutionizing India’s fragmented healthcare system, evolving from a simple medicine info app in 2015 to a full-stack digital platform serving 80M+ users. Acquired by Tata in 2021, 1mg now integrates e-pharmacy, diagnostics, teleconsults, rapid delivery, offline clinics, and AI-driven personalization—tackling a $372B market plagued by access gaps and high costs. "Healthcare must shift from reactive to predictive," Tandon stressed, citing 1mg’s pyramid model: content layer for education, transaction layer for services, data layer for insights, and patient-centric prevention at the apex.
Drawing from his McKinsey days and failed 2009 startup, Tandon highlighted resilience amid 2G-like regulatory hurdles and COVID acceleration, where 1mg enabled doorstep meds for 1.4B people. He urged omni-channel expansion—bricks-and-clicks via 100+ stores—and policy pushes for data interoperability to cut out-of-pocket spends from 62% to under 30%. "India’s youth bulge demands tech-led equity; we’re building the trusted partner before illness strikes," he said, inspiring panels on AI ethics and fintech-health synergies at the weekend event.
Join us LIVE as India’s brightest minds debate, deliberate, and design the way forward. Stay tuned for thought-provoking discussions, pathbreaking solutions, and leadership lessons that define the future of business in India. This is where ideas turn into action, and action shapes the destiny of India’s growth story.
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