Healthcare Financing Startup Raising Funds In Ahmedabad
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About Business
Launched in FY23, this health tech-fintech hybrid startup enables immediate, cashless treatment for patients without making doctors or small hospitals suffer financially.
Empowering patients with hassle-free healthcare financing through innovative solutions:
Current product - Advance against Insurance Reimbursement (A.I.R.): Helping insured patients who can't avail cashless claims by directly settling hospital bills and later recovering the amount from the insurance provider. This startup charges a transaction fee to the hospital.
Upcoming offering - Treat Now Pay Later: A financing solution for uninsured patients or non-covered treatments, where the startup pays the hospital upfront, allowing patients to repay in easy EMIs.
Proof of Scale has been achieved in Ahmedabad, Baroda, Bhuj, Morbi, Gandhinagar & across all specialties.
Clientele type
Target customers are doctors and hospitals who face financial challenges such as liquidity issues, along with operational hurdles like credit risk and insurance ambiguity. A.I.R. (Advance against Insurance Reimbursement) addresses these by offering better rates, eliminating working capital blocks, and leveraging the infrastructure, especially for hospitals without or unwilling to pursue cashless tie-ups.
Premises
Not applicable
Asking Price Includes
The terms of the transaction will be discussed with the potential investors.
Asking Price
INR 5.00 Cr
Minimum ticket size
INR 2.00 Cr
Reason
The promoters are looking to raise funds to build proprietary technology-based platforms, hire more team members, marketing of newly developed products, etc.
More Details
The team is led by founding members with over two decades of cross-functional expertise in Sales, Finance, and Technology.
Started with a network of just 20+ hospitals (5 to 30 beds) in a single city, it now partners with 100+ hospitals across three cities.
Completed a spread of 6 Cr, with 1000 + patients in 15 successful cycles.
Increased reach to 100 hospitals in 3+ cities within 2 years of incorporation.
The write-off to disbursement ratio is 0.50%, with only 3 cases out of 700+ transactions.
Current GTV Run Rate: INR 70 lakhs/month( Post angel round)
Technology-driven innovation through:
Backend tracking systems for data-driven decision-making.
Upcoming B2C lending app integrated with hospital network
Machine Learning-based claim underwriting model, enabling real-time risk assessment and approval offering a significant competitive edge in the future.
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