Here’s how migrants can be sure their loved ones back home paid the doctor a visit

This NRI-focused startup also gives migrants monthly feedback from the doctor.

Indian expats rack up an average remittance of USD80B, USD10B of which are allotted for their families’ healthcare back home. But do they get the guarantee that the money actually goes to where it is intended for? Startup OurHealthMate believes that the payer migrants often times have no idea, leaving them helpless. Where does the money go? Preventative healthcare? Chronic care? Did the beneficiary go to the doctor? These are just among the many questions that OurHealthMate aims to answer to make the migrants feel secured about their money.

Being Indian expats themselves, OurHealthMate founders Abhinav Krishna, 28, and Dr. Akash Kumar, 34, have been away from home for more than 15 years. From their experiences, they realized that there is no reliable way to confirm if a family member has indeed gone to visit the doctor. This led to the founding of OurHealthMate in January 2013. Believing that ‘Distance may keep you away from your loved ones, but it shouldn’t keep your loved ones from the doctor’, OurHealthMate reinvents how migrants take care of their family’s health. This non-resident Indian-focused startup ‘connects’ the Payer, Patient and Physicians together. It has built OurHealthMate Booking portal which allows Payers to find, book and pay the Physicians on behalf of their loved ones from any part of the world. Expats also receive monthly feedback from the doctors of their family. In addition, Payers can also monitor their family members’ health status in a simple and secure way. From a humble beginning of 50 doctors when the portal was launched in May 2013, people can now choose from their network of 10,000+ doctors and 1000+ centers in 300+ cities in India.

OurHealthMate also created OurHealthMate ClinicLinc that helps doctors digitalize their patients’ records online and access it anywhere. Records are fully secured and follows all medical data regulations.

The founders injected SGD100,000 to start the company with the idea of Fitness and Health analysis. Before joining JFDI last year, the startup made it to Startup Chile, an accelerator funded by the Chilean government. Eventually, the startup made it to the 2nd batch in JFDI in February 2013. In March 2013, Leo Tech Services invested over SGD150,000 into the company’s development and product. A syndicate of Angel Investors, Post DEMO DAY pushed in SGD560,000 into the company. While Bimal Shah, which heads an international syndicate of business angels, led the seed-funding round, the round was supported by Singapore-based Benjamin Tsai and a second international angel syndicate led by high frequency trader Ben Ball. NUS Ventures also joined the round with the iJAM scheme.

In total, OurHealthMate has raised over SGD800,000 to date. According to Kanu Asthana, sales and marketing manager, their team was able to raise SGD560,000 at the current round.

In the future, Kanu says that OurHealthMate team will continue their efforts to expand their network of clinics and their city coverage. They have already reached 10,000+ doctors. The aim is to reach 1,000+ of these using their EMR (each generating recurring revenue of US$10–200 per month). Furthermore, they plan that upon reaching the milestone of 200,000 patients database through the existing clinics, they would like to analyse the data they’ve gathered to improve their service. OurHealthMate has also entered employee benefits sector. The partnership allows working professionals to use their Flexi Benefit dollars on OurHealthMate portal, using the unique voucher code integration done by OurHealthMate.

OurHealthMate team also aims to move to the Philippines soon. “It is similar to the Indian market in many aspects: lowest insurance penetration rate in the region, similar family ties, large number of OFWs and huge sums being remitted back for healthcare,” says Kanu.

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COMPANY PROFILE

Company Name: OurHealthMate
Founders: Abhinav Krishna and Dr. Akash Kumar
Website: https://www.ourhealthmate.com/
Total Funding at hand: SGD800K
Source of Funding: Leo Tech Services, Post DEMO Day, NUS Ventures, iJam scheme
Major Investors: Leo Tech Services, Post DEMO Day, NUS Ventures, iJam scheme
Start of Operation: January 2013

For startups wanting to be featured, send your message to Lee Anne Babierra at research@charltonmediamail.com

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