LifeSpring Hospitals
Encyclopedia
LifeSpring Hospitals is an Indian
hospital chain, which provides maternity care to women from the low-income group in Hyderabad, India. Established in 2005, it is a 50-50 joint venture
between $30-million Acumen Fund
, a U.S.-based nonprofit global venture philanthropy fund and HLL Lifecare Limited, a Government of India
-owned corporation
and the largest manufacturer of condoms in the world.
Today its provides affordable healthcare to 82,000 women with its nine hospitals in Hyderabad, Nellore
, Vijayawada
, Rajahmundry
, providing maternity and pediatric care at 30-50 percent of market rates, and is the first healthcare chain to join the 'Business Call to Action' (BCtA), an initiative of United Nations Development Programme
(UNDP) and UN Global Compact
amongst others, to reduce poverty, hunger, disease, and maternal and child deaths by 2015.
, on the outskirts on Hyderabad, India, as a pilot project within Hindustan Latex Family Planning Promotion Trust (HLFPPT) of Hindustan Latex Limited
, now HLL Lifecare Limited (HLL) for low-cost healthcare. In February 2008, it was formed as into a private limited company with 50-50 joint venture between Acumen Fund
, a U. S.-based nonprofit global venture philanthropy fund and HLL. The project was headed by Anant Kumar, who was till then the business head of Social Franchising in HLFPPT, who is now the CEO. HLL is a public-sector undertaking under the Ministry of Health and Family Welfare
, Government of India
, while New York-based Acumen, was established in 2001, with seed capital from the Rockefeller Foundation
, Cisco Systems
Foundation and three individual philanthropists.
The hospital established a model of building a chain of small-sized (25-bed) hospitals specializing in standard maternity services thus provide low-cost services in high-density area populated by low-income groups. It also provides paediatric care, including immunizations, and offers diagnostic services, pharmacy and healthcare education to the local communities. It uses CRM
to track customers in real time and runs a web-based patient database.
Today it has a network of nine hospitals, including six in Hyderabad and in Nellore
, Vijayawada
and Rajamundry cities across Andhra Pradesh state. Founder Anant Kumar was part of the roundtable of "entrepreneurs with innovative models", at the Trident Hotel, Mumbai, during the November 2010, visit of US president, Barack Obama
.
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
hospital chain, which provides maternity care to women from the low-income group in Hyderabad, India. Established in 2005, it is a 50-50 joint venture
Joint venture
A joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...
between $30-million Acumen Fund
Acumen Fund
Acumen Fund is a non-profit global venture fund that uses entrepreneurial approaches to solve the problems of global poverty. Its aim is to help build financially sustainable and scalable organizations that deliver affordable critical goods and services that improve the lives of the poor...
, a U.S.-based nonprofit global venture philanthropy fund and HLL Lifecare Limited, a Government of India
Government of India
The Government of India, officially known as the Union Government, and also known as the Central Government, was established by the Constitution of India, and is the governing authority of the union of 28 states and seven union territories, collectively called the Republic of India...
-owned corporation
Government-owned corporation
A government-owned corporation, state-owned company, state-owned entity, state enterprise, publicly owned corporation, government business enterprise, or parastatal is a legal entity created by a government to undertake commercial activities on behalf of an owner government...
and the largest manufacturer of condoms in the world.
Today its provides affordable healthcare to 82,000 women with its nine hospitals in Hyderabad, Nellore
Nellore
Nellore , is a city and headquarters of Potti Sri Ramulu Nellore District, formerly Nellore district.And in the state of Andhra Pradesh. Ancient name of Nellore was "Vikrama Simhapuri"....
, Vijayawada
Vijayawada
Vijayawada is the third largest city in Andhra Pradesh, India, located on the banks of the Krishna River and bounded by the Indrakiladri Hills on the West and the Budameru River on the North. The city is located in the Krishna District, about from the state capital Hyderabad.Vijayawada literally...
, Rajahmundry
Rajahmundry
Rajahmundry is a city and municipal corporation of the Andhra Pradesh state in India. It is located east of the state capital, Hyderabad, on the banks of the River Godavari. Known as the Cultural Capital, Rajahmundry is noted for its intense Veda culture and intellect...
, providing maternity and pediatric care at 30-50 percent of market rates, and is the first healthcare chain to join the 'Business Call to Action' (BCtA), an initiative of United Nations Development Programme
United Nations Development Programme
The United Nations Development Programme is the United Nations' global development network. It advocates for change and connects countries to knowledge, experience and resources to help people build a better life. UNDP operates in 177 countries, working with nations on their own solutions to...
(UNDP) and UN Global Compact
UN Global Compact
The United Nations Global Compact, also known as Compact or UNGC, is a United Nations initiative to encourage businesses worldwide to adopt sustainable and socially responsible policies, and to report on their implementation...
amongst others, to reduce poverty, hunger, disease, and maternal and child deaths by 2015.
History
The first LifeSpring hospital was started on December 10, 2005 in Moula-AliMoula-Ali
Maula-Ali is a suburb of Hyderabad, India located at about 10 km from Secunderabad. It is famous for Moula Ali hill on top of which a famous mosque dedicated to Ali was built probably during era of Asif Jahi. The Moula Ali Dargah is one of the 11 heritage sites identified by “Heritage...
, on the outskirts on Hyderabad, India, as a pilot project within Hindustan Latex Family Planning Promotion Trust (HLFPPT) of Hindustan Latex Limited
Hindustan Latex Limited
HLL Lifecare Limited is an Indian healthcare products manufacturing company based in Thiruvananthapuram, Kerala, India. A Government of India -owned corporation , it produces health care products, including condoms, blood bags, and contraceptive pills...
, now HLL Lifecare Limited (HLL) for low-cost healthcare. In February 2008, it was formed as into a private limited company with 50-50 joint venture between Acumen Fund
Acumen Fund
Acumen Fund is a non-profit global venture fund that uses entrepreneurial approaches to solve the problems of global poverty. Its aim is to help build financially sustainable and scalable organizations that deliver affordable critical goods and services that improve the lives of the poor...
, a U. S.-based nonprofit global venture philanthropy fund and HLL. The project was headed by Anant Kumar, who was till then the business head of Social Franchising in HLFPPT, who is now the CEO. HLL is a public-sector undertaking under the Ministry of Health and Family Welfare
Ministry of Health and Family Welfare
The Ministry of Health and Family Welfare is the Indian government ministry charged with health policy in India. It is also responsible for all government programs relating to family planning in India....
, Government of India
Government of India
The Government of India, officially known as the Union Government, and also known as the Central Government, was established by the Constitution of India, and is the governing authority of the union of 28 states and seven union territories, collectively called the Republic of India...
, while New York-based Acumen, was established in 2001, with seed capital from the Rockefeller Foundation
Rockefeller Foundation
The Rockefeller Foundation is a prominent philanthropic organization and private foundation based at 420 Fifth Avenue, New York City. The preeminent institution established by the six-generation Rockefeller family, it was founded by John D. Rockefeller , along with his son John D. Rockefeller, Jr...
, Cisco Systems
Cisco Systems
Cisco Systems, Inc. is an American multinational corporation headquartered in San Jose, California, United States, that designs and sells consumer electronics, networking, voice, and communications technology and services. Cisco has more than 70,000 employees and annual revenue of US$...
Foundation and three individual philanthropists.
The hospital established a model of building a chain of small-sized (25-bed) hospitals specializing in standard maternity services thus provide low-cost services in high-density area populated by low-income groups. It also provides paediatric care, including immunizations, and offers diagnostic services, pharmacy and healthcare education to the local communities. It uses CRM
Customer relationship management
Customer relationship management is a widely implemented strategy for managing a company’s interactions with customers, clients and sales prospects. It involves using technology to organize, automate, and synchronize business processes—principally sales activities, but also those for marketing,...
to track customers in real time and runs a web-based patient database.
Today it has a network of nine hospitals, including six in Hyderabad and in Nellore
Nellore
Nellore , is a city and headquarters of Potti Sri Ramulu Nellore District, formerly Nellore district.And in the state of Andhra Pradesh. Ancient name of Nellore was "Vikrama Simhapuri"....
, Vijayawada
Vijayawada
Vijayawada is the third largest city in Andhra Pradesh, India, located on the banks of the Krishna River and bounded by the Indrakiladri Hills on the West and the Budameru River on the North. The city is located in the Krishna District, about from the state capital Hyderabad.Vijayawada literally...
and Rajamundry cities across Andhra Pradesh state. Founder Anant Kumar was part of the roundtable of "entrepreneurs with innovative models", at the Trident Hotel, Mumbai, during the November 2010, visit of US president, Barack Obama
Barack Obama
Barack Hussein Obama II is the 44th and current President of the United States. He is the first African American to hold the office. Obama previously served as a United States Senator from Illinois, from January 2005 until he resigned following his victory in the 2008 presidential election.Born in...
.