New Delhi: Healthcare fintech startup Savein plans to expand its matrix of partnerships to 15,000 to grow its ecosystem. The company said that Savin includes several national and regional healthcare companies, including VLCC, Colours, Toothsee, Orthosquare, Parth Dental, Berkovits and Madhavbagh, among its partners.
The firm has thousands of healthcare practitioners in its network that help it provide a hyper-local experience in healthcare. It has created a check-out finance platform for private healthcare practitioners, allowing them to split medical expenses of procedures into instant 0% cost EMIs.
“Health care and finance are arguably the biggest opportunities in India over the next decade and we are determined to disrupt age-old practices in the delivery of personalized care with the aim of helping Indians live healthier and better lives”, Jitin Bhasin, Founder and CEO Said. CEO, Savein.
Healthcare providers who are screened before joining the SaveIn network.
After assessing over one lakh customer applications with loan values exceeding 300 crores, the company has created a unique SaveIn scoring methodology that is used to score health care practices and customers specifically for health care finance based on a variety of factors including demographics, treatment data, location intelligence, practice history, traditional credit bureau data and alternative data. To underwrite for. ,
“We have deployed a machine learning based model to help us assess risk while providing seamless finance to our lending partners. This is unique to us, and our internal scoring mechanism is behaving better to estimate risk than just traditional credit bureau-based underwriting. The more clients we cover, the smarter our risk decision making ability. This has been an area of utmost focus for us since day one”, Bhasin said.
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