Architect of Healthcare: Upasana Kamineni - Economy News - Issue Date: Mar 12,
Read more about The four daughters of Apollo on Business Standard. of operations while Shobana Kamineni looks after health insurance. Get to know Apollo Hospitals Enterprise Limited CEO & other corporate Shobana Kamineni · 50 Relationships, Apollo Hospitals Enterprise Limited, Shobana Kamineni, executive vice chairperson of the Apollo Hospitals Enterprise Limited has been appointed as first Woman President of.
Sangita may be the youngest, but she and elder sister Shobana Kamineni were the first two to join Apollo Hospitals in Sangita has since taken up several roles in the organization, including working as the executive assistant to her father, starting and later selling Apollo Health Street Ltd, a medical BPO company, and working in human resources.
These days she is focusing on operations and IT in healthcare. She also works on integrating nutrition, yoga and alternative medicinal systems with the existing healthcare system. The Reddy sisters manage the company jointly.
While Preetha heads the group as vice-chairperson, Suneeta is managing director in charge of finance and strategy, and Shobana, the third sister, executive vice-chairperson, heading the Apollo pharmacy chain and the Health Insurance unit.
He has stayed at their home in Hyderabad. She says it went well. The consolidated net profit for stood at Rs Sangita joined Apollo Hospitals straight from college, in She took a break, soon after, for her postgraduate degree in hospital administration at Rutgers University, US, but her father called her back mid-way through the course.
So Sangita moved to Chennai to help her father with the hospital business. Sangita took her second break inwhen she got married and moved to New Jersey, where husband Konda Vishweshwar Reddy was running a software start-up. She spent part of that year working as an understudy to the hospital administrator at Mount Sinai Beth Israel in New York, an experience that taught her a lot.
Soon after, Vishweshwar sold his start-up to GE and the couple returned to Hyderabad. Sangita, then 27 and pregnant with their eldest son Anandith, started working on restructuring loans and marketing for the next few years, till the hospital turned the corner.
Almost all our net worth had been wiped out. Vaghul in Hyderabad a few years ago reminded her of those old days. She orders a carrot and pumpkin soup and a watermelon juice for herself. The menu is full of healthy options such as whey protein shake and beetroot juice.70 Long Distance Relationship Quotes
She even got admission to the Madras Medical College. This had happened once before. On a typical work day, Reddy takes the rounds of the wards in the Hyderabad hospital. But on Sundays, he likes to talk to the laundry and kitchen staff as well as the telephone operators. Reddy believes he has passed on the warmth he feels towards the Apollo staff to his daughters. Though he no longer participates in day-to-day meetings, his daughters continue to consult him before taking a big decision.
Suneeta Reddy Though the rotating chairmanship model is currently at a proposal stage—the family will have to arrive at a consensus—the model is being viewed as an optimal solution because equality between the sisters is a running theme. In the event that it does get accepted, Preetha, as the oldest, will take over as chairperson when the time comes.
Sangita Reddy: Donning many hats - Livemint
This will potentially be a seamless transition since she has always been seen as a leader by her sisters. We all look up to her. We will have to find a model which takes care of that. The only thing that sets us apart is our age. There is no rigidity about the order in which they assume leadership.
But she cautions of some risks. And it is definitely not the right reason to think about that model. I believe that anyone filling that role should be required to meet specific criteria, which can be established and monitored by the board. What happens to the larger vision of Apollo? Will it change every time there is a new chairman? That is the way it should be. Otherwise it gets boring and monotonous. And the goals that Apollo has set for itself are rooted in the initial vision of the hospital, when it was set up by Prathap Reddy.
We will give you the same care. And it has delivered because it has been a doctor-driven hospital with a focus on hiring the right people and staff training.
He recalls the intensity of research Reddy put in before hiring his staff. The attrition rate for doctors, who operate on a fee-for-service basis they are consultants who are exclusive to Apollo but not on its rolls is less than 1 percent in Apollo; the average attrition rate in hospitals is percent. Thirty-one years after starting Apollo, Reddy continues to be involved in hiring doctors. In addition to growing the pharmacy, clinics and boutique hospital businesses, Apollo will add 2, beds over the next two years.
Sangita Reddy A Rs 2,crore capex plan has been allocated for the next three years of which Apollo has already spent Rs crore. Growth will also come through acquisitions.
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We have incubated new companies. We will be building more infrastructure and capacity. An important part of the expansion plan is investment in technology. The hospital recently invested Rs crore in a proton therapy centre in Chennai. Such investments in technology will continue.
Upasana Kamineni busy providing counselling at Apollo
And there is room to do more. The Reddy sisters, between them, have 10 children, all of whom are under 30 years of age. While some of the grandchildren have joined Apollo, others are still very young.
They want things quicker; they are more discerning than us and probably less tolerant than we are as a generation.
But that is good because they are smarter and more agile. It will specify processes for entry into the business, terms and conditions to grow it and the methods for dispute resolution, among other things.
Shobana accepts that inducting the next generation into the business will not be easy. The bond that exists between the sisters has so far kept the family together but with the next generation, things could be different. However, there is a rider. Whenever Reddy meets his grandchildren, he asks them to talk about one good and one bad thing they did during the day.