MyHealthFin, the healthcare financing arm of MyHealthcare, has partnered with NBFCs to offer healthcare financing to patients in India. With this move the company aims to make healthcare services affordable while targeting three-crore patients across 130 hospitals in tier-1 and tier-2 cities in India.
Medical insurance premiums’ rise and high out-of-pocket expenses make quality healthcare unaffordable for many Indians. MyHealthFin aims to address this, offering data-driven medical loans, particularly for chronic care.
Shyatto Raha, Founder & CEO of MyHealthcare says that every individual has a fundamental right to quality healthcare and that his company aims to bridge the affordability gaps through innovative and paperless financing.
MyHealthFin’s disease-agnostic financing aims to aid patients across healthcare needs. The integration of MyHealthFin within MyHealthcare’s ecosystem offers patients quick digital loan processing, enabling accessibility within five minutes, according to a company press release.
Srishti Singh, Head of Marketing at MyHealthcare, highlights the product’s swift, seamless, and paperless nature, aiming to benefit both patients and hospitals. MyHealthFin, integrated with health insurance providers and government schemes, including Ayushman Bharat (PM-Jay), targets to enhance healthcare accessibility for a larger populace in India.
