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After collecting the samples, 5th Vital gets it processed via partnered labs and sends the reports online.Pratap adds that their field force management app monitors all the crucial checkpoints of the value chain.“We own our customers and pass on a processing fee to the partner labs.
Jharkhand-based Pratap Chandra also holds an MBA from IIM Calcutta, and has had stints in the past with Asian Paints, IFB, and Kohler.
The 37-year-old has started up, not once but twice, in the past, and has experienced failure both times.
All of them had had varying levels of association and experience with entrepreneurship in the past.
In addition to an MBBS degree, Dr Waseem has an MBA from IIM Indore.
Learnings from Call Health, a healthcare startup based in Hyderabad, inspired the four to build an innovative business model in healthcare with better cost efficiency and productivity.
Wanting to create something of value for busy working people, they started 5th Vital in Bengaluru in 2017. “Our customers need not travel to labs for their tests; the lab comes to their home.
This model has also enabled our lab partners to now operate at 100-percent capacity utilisation, unlike before.” In healthcare, the basic four vital parameters are body temperature, blood pressure, pulse, and breathing rate.
The founders went with ‘5th Vital’ for their startup’s name to signify the importance of all the other biological vital parameters that are often not traced.
To provide the samples processed from pathology labs, 5th Vital has partnered with Dr.
Remedies Lab, Tech Med, Thyrocare and Strand Life Sciences.