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Code red in the medical aid business

2020-11-22T11:48:08.387Z


During the peak of the pandemic, emergency companies with their ambulances helped to relieve hospitals. One of the leaders is from the UPCN union and another is linked to OSDE. Vittal's case that now aims to attend the base of the pyramid.


Silvia Naishtat

11/22/2020 6:01 AM

  • Clarín.com

  • Economy

Updated 11/22/2020 6:01 AM

Due to a tragic circumstance in his life, Claudio Waisbord founded Vittal 33 years ago

from his sickbed

in the Private Hospital of Córdoba.

It was one of the first companies dedicated to medical aid.

Waisbord had come to the country from Israel by then and went to work alongside his father, Simon Waisbord, in the family jewelry store.

One ill-fated day in 1986, thieves

stabbed his marrow in a shootout

while robbing the

store

.

That was his circumstance.

Now 69 years old and in a wheelchair for 34 years, he

decided to transfer

his daughter Mariela, an economist graduated from the University of San Andrés who worked in several companies, including Telefónica.

At the beginning of Vittal there was a cow among friends and they started with a meager budget of

US $ 150,000.

They settled first in Vicente López, a small place with high purchasing power and where families had a telephone at a time when that was a feat.

But with innovation as its leitmotif, ambulances allowed it to differentiate itself at a time when the state had withdrawn from health care.

He was not the only one.

In a market that was quite atomized with some 39 companies,

today there are three firms that stand out.

One of them is Medical Emergencies, which used to belong to the DLJ US investment fund and now belongs to the

UPCN state employees union

led by Andrés Rodríguez.

The other is Acudir

linked to the prepaid OSDE.

Mariela Waisbord says that it was difficult for her to adapt at the beginning to a 24/7 company, of enormous complexity since they

live with the red code in tow.

With the pandemic everything changed suddenly with ambulances circling the city for up to seven hours trying to find a hospital bed for patients, thus becoming a reserve system for hospitals at the peak of the disease

.

They developed the online doctor.

These companies respond to different demands, on the one hand the contracting for protected areas by businesses and large companies, also social and prepaid works for their own transfers and emergencies such as those of the red code that requires being

in less than 8 minutes to side of the life-threatening person.

Provincial tenders and hiring of organizations such as Pami are added.

But the new focus is

to conquer the base of the pyramid

, people who are far from accessing the all-inclusive of prepaid. The strategy is to offer a cheaper fee than the prepaid to the family group and guarantee medical care and before the emergency, the transfer to a hospital.

All this finances were complicated by the arrears in payments, something that they were covering with assistance from the State in salaries for a squad of 2,000 people and the banks that finance them.

Mariela thinks the opportunity is huge.

They have a presence in almost all the provinces and several companies that work in concert, such as the one dedicated to

air transport

with a fleet made up of a specially equipped Cessna Citation jet, a turboprop aircraft and a Bell helicopter.

They reach places that are difficult to access and are key when it comes to bringing organs for transplantation.

Another of its subsidiaries is a firm dedicated to occupational medicine.

But the company's bread and butter is still ambulances and an artificial intelligence system that allows them to simply get there earlier.

Is it in your plans to sell the company? He is asked.

"It is not an option for a family firm like ours," she says very confidently.

Source: clarin

All business articles on 2020-11-22

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