The internet has often been lauded for its potential to increase the impact of primary services like healthcare, education, banking and others in emerging markets like Southeast Asia. While many of these platforms are now being built, many are realizing that being hybrid is the way to go and combing online and offline capabilities can reap rich dividends, according to a report by TechCrunch. This is where Jio Health comes into the picture.
This is exactly what the healthcare startup Jio Health is doing as the US-based startup that developed under the ‘Obamacare’ initiative sensed opportunities overseas and moved to Vietnam, the Southeast Asian market of 95 million people and a fast-growing young population.
The service which was launched a year ago in Saigon has already started to make its presence felt in the healthcare arena. The company already has nearly 130 staff members, including 70 caregivers — including doctors—and a tech team of 30.
Jio Health provides services from paediatrics to primary care, chronic disease management and ancillary services, which will soon cover areas like eye care, dermatology and cancer.
Speaking about Jio Health, Raghu Rai, founder and CEO of Jio Health said:
“Our initial research [before moving] found that healthcare in Vietnam was unlike the U.S. Spending is primarily driven by the consumer (out of pocket) and there’s no real digital infrastructure to speak of.”
“We can probably address north of 80 percent of consumers health needs but we also have referral partnerships with certain hospitals,” he added.
It has been a good week for Jio Health which announced that it has closed a $5 million Series A funding from Southeast Asia’s Monk’s Hill Ventures and the company is planning to use the capital to expand its base. The company is also planning to add new care categories such as eye care and dermatology to its existing list.
Rai also added that the company is planning to expand to Hanoi by the end of this year. “It’s very plausible that we’d be looking at international expansion plans in 2020… we’re going to be focused on Southeast Asia,” he concluded.