THAILAND – Healthcare and surgery marketplace HD has secured US$6 million in funding from investors to improve the accessibility and affordability of its healthcare services and elective surgeries in emerging Southeast Asia.
The startup, which operates the HDmall platform in Thailand and Indonesia, said in an official statement that the funding round saw the participation of a group of investors including Partech Partners, M Venture Partners, AC Ventures, iSeed, and Orvel Ventures.
“The company plans to use the funding to expand its team and continue to develop its technology, with the goal to enable over 5,000 healthcare providers, 300 operating rooms, and thousands of surgeries performed by 2024,” HD stated.
HD, one of ten startups recently accepted into the Google for Startups Accelerator: Southeast Asia program, will also use the funds to cement its leading position in the healthcare marketplace space while accelerating HDcare, HD’s new innovative elective surgery product.
The Thailand-based startup outlined that HDcare works with healthcare providers – many already on the HDmall platform – to increase the utilization of hospitals’ and clinics’ operating room capacities.
Powering over 1,500+ healthcare providers, the firm connects patients to hospitals, clinics, operating rooms, and surgeons while offering healthcare financing solutions to increase access to affordable care and surgeries.
“With low utilization rates across private hospital infrastructure, this ‘Airbnb for Surgeries’ solution enables HD to help both healthcare providers as well as patients,” HD stated.
The company further said that for patients with insurance or employer coverage, the HDcare team helps them navigate often complex and stressful reimbursement processes.
“On average, patients getting surgeries such as thyroid, hemorrhoid, and orthopedic surgery can enjoy 15 percent to 20 percent better pricing versus market rates in addition to getting healthcare financing options,” HD informed.
HDcare also aims to ease the burden of disease in Southeast Asia that can be attributed to surgically treatable conditions, with the most significant bottleneck being unable to access surgeries without catastrophic expenditure.
Commenting on the funding opportunity, Sheji Ho, Chief Executive Officer and Co-Founder of HD, underscored that its team of passionate and dedicated individuals have a shared healthcare vision for the future while expressing her gratitude to the group of investors.
“As we put the COVID-19 pandemic behind us, our investors and us see a once-in-a-lifetime supply-driven opportunity in HDcare that is very similar to how companies like Airbnb, Uber, and Groupon leveraged supply and emerged from the 2008 Financial Crisis,” he noted.
He further said that the company is dedicated to using cutting-edge technology and innovative thinking to create healthcare products that make a real difference in people’s lives.
“To date, over 250,000 patients have benefited from more accessible and affordable healthcare and surgeries through our platform.” Sheji Ho added.
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