Hive Health, a Manila, Philippines – based mostly digital medical health insurance firm, raised US$6.5m in Pre-Collection A funding.
Backers included Sy family-backed Gentree Fund and BEENEXT, Y Combinator, The Graduate Syndicate, Amasia, and Oak Drive Ventures, in addition to angel traders David Wells (former CFO of Netflix and the Chairman of Smart), Lee Kheng Nam (former Deputy Chairman of Temasek subsidiary Vertex Holding), Natasha Reyes (former proprietor of HMO HPPI), and Dr. Edwin Mercado.
The corporate intends to make use of the funds to develop its group, put money into know-how platform and operations to additional elevate the affected person and employer expertise, and broaden its nationwide community to extra healthcare suppliers, together with these in additional distant areas of the nation.
Based at Harvard and Stanford Universities in 2021 by Camille Ang and Jiawen Tang, Hive Well being is a full-stack digital well being insurer, providing complete HMO well being plans for SMEs and startups, encompassing outpatient, inpatient, emergency, and dental care by way of an in depth nationwide community of 1,700 hospitals and clinics, and over 60,000 docs throughout areas. Past providing advantages akin to psychological well being, medication, and LGBTQIA+ companion protection, Hive Well being has constructed a digital platform that empowers sufferers to handle their care by way of its vertically built-in telehealth and care coordination mannequin that bridges digital and in-person care. Moreover, corporations can use Hive Well being’s HR dashboard to centrally handle plan enrollments, invoices, and perceive worker wellness. Moreover, the corporate has developed its personal Digital Medical Information system and built-in supplier portal that facilitates clear claims administration and quicker payouts for its companion docs and clinics.
Previous to this elevate, Hive Well being acquired a Well being Upkeep Group (HMO) insurance coverage firm within the Philippines, Well being Plan Philippines, Inc. (HPPI), securing a full insurance coverage license and 37-year nationwide supplier community.
FinSMEs
29/07/2024
