SaveIN targets partnerships to drive growth and democratise healthcare
- ByStartupStory | March 20, 2023
SaveIN, a platform that provides embedded finance for various healthcare treatments through a network of healthcare providers, plans to achieve five-fold growth over the next year by focusing on partnerships to expand its reach in the sector. According to CEO Jitin Bhasin, the time has come for the consumerization of healthcare, and SaveIN aims to democratize private healthcare access for people.
According to Jitin Bhasin, the CEO of SaveIN, the platform is experiencing “hyperbolic growth” and aims to become a reliable on-demand, hyperlocal healthcare network that can be easily discovered. SaveIN aims to address the three pillars of healthcare, namely access, quality, and affordability, by building a fully integrated ecosystem, Bhasin said in a statement to PTI. SaveIN is a fintech startup that focuses on healthcare and provides services for various treatments, including Hair, Dermatology, Dental, Ayurveda/alternate therapies, Ophthalmology, Wellness and fitness, covering almost 300 procedures. The platform is available in around 100 cities and aims to expand its network to 15,000 health practitioners and clinics in the coming year to achieve five-fold growth, according to CEO Jitin Bhasin.
SaveIN has leveraged a digital-led partnership expansion strategy to rapidly grow its network to include approximately 3,000 healthcare partners, including clinics, healthcare providers, doctors, fitness centers, and alternative therapy centers, within just one year of its launch. The startup plans to maintain its focus on partnerships to further expand its presence in the healthcare domain.
SaveIN’s platform enables customers to select payment plans, and the company processes upfront payment to the doctor, charging a commission from healthcare partners. The platform collects data sets on a consent basis to assess risk and practice quality. Consumption is highest in major cities like Delhi, Mumbai, Hyderabad, Bangalore, Gurugram, and Chennai, but there has also been significant adoption in tier-1 and tier-2 centers. The majority of SaveIN’s customers are between the ages of 25 and 45.
SaveIN’s CEO, Jitin Bhasin, expressed confidence in the startup’s unit economics, highlighting that the company makes a profit on every new sale. SaveIN’s B2B2C go-to-market strategy incurs negligible customer acquisition costs, thereby aiding profitability. The company also plans to add other revenue streams in the near future. Additionally, Bhasin confirmed that SaveIN operates in accordance with the Digital Lending Guidelines set forth by the Reserve Bank of India.
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