Summary:
14 Cr+In a first-of-its-kind initiative, Bengaluru-based B2B Tech startup MedPay has built an API infrastructure that connects healthcare service providers – standalone clinics, pharmacies and Labs – to insurance companies through its innovative MedPay Connected Care Network (CCN). MedPay’s (API) approach and CCN aims to connect the primary healthcare centers, pharmacies with cashless insurance network, thus bringing them into the digital economy. IRDAI, the regulatory body, is encouraging insurers to cover OPD costs and most insurers are experimenting with a variety of OPD insurance products. As a disruptor in this nascent space, MedPay is empowering insurers by giving them access to a large OPD network with a cashless claims facility. Their solution will unlock a largely untapped OPD insurance sector, creating value for patients and insurers alike..