Dr. Ajit Yadav Ideamensch Interview of Tranquilmoney, Inc.
Dr. Ajit Yadav
Dr. Ajit Yadav is having Post Graduate MS 25 years, Post Graduate M.Ch. 22Yrs. He has been in clinical practice in Chennai from 1991. Instrumental in laying the foundation of successful Orthopedic surgery services in the erstwhile Tamilnadu Hospital and Apollo Specialty Hospital, Chennai. Dr Ajit Yadav has more than two decades of rich clinical orthopedic experience and expertise.
· Hip and knee arthroplasty
· Minimally access surgery and arthroscopy
Gleneagles Global Health City
Bone and Joint Malformation Surgery,
Bone Density Test,
Curative and Palliative Surgical Procedures For Bone Tumors,
Ilizarov Technique for Complex Deformity Correction,
Total Hip Replacement,
Total Knee Replacement
Dr. Karun Philip
1995 - 2020: Chairman & CEO, Tranquilmoney, Inc.
Home Page: https://www.tranquilmoney.com
teleClinic Online Shop: https://teleclinic.tranquilmoney.com
teleClinic Home Page: https://telepractice.tranquilmoney.com
teleClinic Physician Practice Management: https://ehr.tranquilmoney.com
1995 - 2020: Chairman & CEO, MM Imagine Technologies P Liimted (a 100% subsidiary of Tranquilmoney, Inc.)
1993-1995: Director, MM Rubber Company Limited
1991-1993: Sr. Consultant, Tata Consultancy Services, AI division for practical applications of Artificial Neural Networks. Developed the Product CRANEUM (Character Recognition via Augmented Neural Methods)
1987-1991: Research Assistant, University of Iowa, Iowa City, IA,
USA. AI pattern recognition via The Fuzzy Hough Transform to recognize
myocardial walls in multi-slice, real-time cine-CT thorax images to generate a
4D Finite Element Model of each patient's heart in motion. This resulted in a
non-invasive, technique for analyzing cardiac health with no dangerous cardiac
stress physical workout machines.
MS: Electrical and Computer Engineering, PhD: Biomedical Engineering.
1983-1987: BITS Pilani, Electrical and Electronics Engineering. Joint Secretary Music Club. Founder of Annual Rock & Roll Music Festival ROCKTAVES, which is today India's most important rock competition, where winners get global music video deals and cash prizes. This has become the revenue generating machine for the BITS Pilani annual cultural festival, OASIS.
1974-1983: Junior, Middle and High School at Sishya School,
Madras, India, and Asan Memorial School, Madras, India
Born: March 1966
Where do you live:
- Tranquilmoney, Inc.
461 Vose Ave
South Orange, NJ 07079
Where did the idea for Tranquilmoney come from?
The idea was to finance healthcare receivables, and it seemed to fit. But historically, my father’s grandfather and my mother’s grandfather both owned banks, named Travancore National Bank and Quilon Bank, in the independent State of Travancore (never a part of the British Enpire.) TRANQUIL was the code the Post Office assigned to them when they merged their banks to become the most powerful bank in non-Mughal India.
What does your typical day look like and how do you make it
I live in Manhattan, and moved my office to my co-founders’ building which also houses a day care school in South Orange, NJ. Tranquilmoney’s 100% subsidiary is MM Imagine Technologies P Ltd located in Madras, India. Almost 12 hours away.
Long before the current COVID-19 pandemic, we ran multiple 8-hour shifts. Some were combinations of two 4-hour shifts done 12 hours apart. When it became necessary for us and our Physician Practice clients to work from home, we already had the Infrastructure and Organization in place for not just me, but my entire staff and my clients and their entire staff work from home.
I wrote this little manual on working from home for everyone to be maximally productive, yet completely engaged in home life: https://www.funk-capitalism.com/search/label/Tips%20on%20working%20from%20home
How do you bring ideas to life?
I first test the targets’ needs. Put yourself in their shoes. A physician may not even be able to travel to his own Practice. Patients are worried about going out of their homes to see their family physician. So, I build a solution. Then, since I am not a Sales & Marketing person, I hire a handful of companies to manage the sales and marketing in various geographies and for each type of illness.
I keep the Branding function to myself.
What is one trend that excites you?
The trend of people realizing that AI is fallible. Everyone knows they are not perfect and sometimes make mistakes. But it is mathematically provable (via Kurt Gödel’s 2nd Incompleteness Theorem) that all Knowledge, whether in a human brain or an AI implementation, is incomplete. This incompleteness necessarily leads to the fallibility of both real people and Artificial Intelligence. And it will be so for all eternity.
But the solution is not for the future. It is already available from the ancient past. The solution is COLLABORATION. Even ancient societies realized that no single individual could get things done. But if you get a group of completely independent individuals, each with complete liberty to think as and when they want, then a solution can be found.
The American management specialist W. Edwards Deming taught the entire Japanese corporate world after the war how to use American Management. American management is about people and numbers. Each person manages a Total and periodically checks Line-Items that are the Totals of the people reporting to them. That was called the General Electric Way in his time. After his time, it became known as the Toyota Production System, or Total Quality Management. But the terminology caused a bit of confusion. The Way or System that Deming was training companies to follow was about the Quality of Management. Today, almost everyone outside Japan thinks that TQM is about the Management of Quality. I choose to call it Totals Management, and it is still all about the people, and being able to train any person from an IT genius to an entry-level nobody that your CEO told to hire, into becoming an American Manager.
What is one habit of yours that makes you more productive as
Living in the present at all times, wherever I am.
What advice would you give your younger self?
Rock and roll is fun, but do not let alcohol and drugs take over your consciousness. If it does, these are time-tested ways of taking back control of yourself, both synthetic and natural.
Tell us something that is true that almost nobody agrees
with you on.
All knowledge fallible. The context in which it seems true always changes.
As an entrepreneur what is the one thing you do over and
over and recommend everyone else do?
Develop automated training programs, but train real live trainers to use them to train others.
What is one strategy that has helped you grow your business?
Please explain how.
Clear Thinking. You do not have to be a genius or highly skilled in some field. Just talk to the geniuses and highly skilled people and remove the complexity of what they say to you. Keep it simple, perhaps by pretending for a while that you are a simpleton.
What is one failure you had as an entrepreneur, and how did
you overcome it?
I hired a relative to handle my Sales & Marketing. He ended up stealing my largest client for my competitor. I forgave him by telling myself that it is just that he is mentally retarded. I gave my client a couple of years to notice that my competitor was losing him $150 million a year. Their COO called me and asked me to submit a proposal to come back, although he will have to wait for the six-month termination notice he signed on to give my competitor.
What is one business idea that you are willing to give away
to our readers? (this should be an actual idea for a business, not business
Job Skills Training
What is the best $100 you recently spent? What and why?
(personal or professional)
Doubling my monthly subscription to a company that checks lists of prescription pharmaceutical drugs to ensure that there are no combinations of drugs that have an adverse impact on the patient.
What is one piece of software or a web service that helps
you be productive? How do you use it?
Well, my very own custom code generator, nick-named Ava, that uses Coffee Cup Site Designer and Adobe Create Cloud, to create a beautiful UI and UX for a highly functional set of back-end modules of code, that always ran perfectly, so I have named it Avaran.
What is the one book that you recommend our community should
read and why?
What is your favorite quote?
"Life is what happens when you're busy making other plans." -
Key learnings: Write up 3-5 bullet points summarizing the key learnings from your interview. This information should not be written in first-person or be self-congratulatory in any way or shape. What is the most valuable information gleaned from your interview? These key learnings will go at the bottom of your interview and will be used to promote your interview via social media. Here is a good example of well-written key learnings.
The key point for the future of healthcare is that it needs to make heavy use of the latest hardware, software, and all other technology innovations such as wireless instruments for measuring patient metrics.
Healthcare Technology companies need to “get vertical.” Not every companu can learn everything about every medical specialty. We need to network with each other.
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