Company Research Report: Even Healthcare Private Limited
Company Overview
- Name: Even Healthcare Private Limited
- Mission: Provide affordable, comprehensive healthcare by giving members access to complete healthcare and building trust like a family doctor.
- Founded: January 2020
- Founders: Mayank Banerjee, Matilde Giglio, Alessandro Davide Ialongo
- Key People:
- Mayank Banerjee - CEO, Co-founder
- Matilde Giglio - Co-founder
- Alessandro Ialongo - Co-founder
- Headquarters: Bengaluru, Karnataka, India
- Number of Employees: No information is available
- Revenue: No information available
- Known For: Providing a healthcare membership model that offers primary and preventive care, including managed care plans integrated with cashless hospitalisation and electronic medical records.
Products
Managed Care Plans
- Description: Subscription-based healthcare model that includes preventive care, diagnostics, consultations, and hospitalisation with a focus on keeping members healthy and out of hospitals.
- Key Features:
- 24x7 Doctor Access: Continuous access to highly qualified doctors and specialists.
- Unlimited Nutrition & Therapy: Access to in-house nutritionists and psychologists for consultations.
- Personalised Care Plans: Tailored healthcare based on individual health profiles and lifestyle choices designed to reduce hospitalisation risks.
- Cashless Hospitalisation: Comprehensive coverage involving emergency care and elective procedures across partnered hospitals.
Recent Developments
Financial Developments
- Funding: Raised $15 million in funding led by Alpha Wave and Aspada (Lightrock) in November 2022, adding to $5 million raised in previous rounds. Existing investors include Khosla Ventures, Founders Fund, Nikesh Arora, Kunal Shah, and Tom Stafford.
Strategy and Expansion
- Clinical Team and Protocols: Initiated a medical board with globally-renowned healthcare professionals to strengthen clinical protocols and ensure international standards in healthcare delivery.
- Scalable Preventive Care: Focused expansion on preventive care for chronic conditions prevalent in India, such as diabetes, PCOS, and obesity, by leveraging advanced care pathways similar to NICE guidelines.
Partnerships and Collaborations
- Partnered Hospitals: Partnered with over 100 hospitals across India to provide comprehensive and cashless healthcare services.
Innovation
- Technological Infrastructure: Developing a platform integrating electronic medical records, teleconsultation services, and engaging ML algorithms to anticipate and manage health risks for members.
Membership Growth
- Current Members: Serving over 20,000 members, reflecting a significant growth from previously having 5,000 on a waitlist.
Further Notes
- Even Healthcare has consciously differentiated itself from conventional insurance by focusing on preventive care models and full-spectrum healthcare access, aimed at reducing reliance on emergency services and enhancing national healthcare quality and affordability.
