My Star-Health policy is 4 years running and I never claimed a penny before. I also had group mediclaim policy from Vipul MedCorp. My wife is undergoing Eye tr
The Bengaluru based health insurance claims processor Vidal Health Insurance TPA Pvt Ltd hopes to close this fiscal with a revenue of about Rs 200 crore after the merger of Vipul MedCorp Insurance TPA, said a senior official.He also said the .
Boosted by acquisition, Vidal Health expects over 25% revenue growth this fiscal
Boosted by acquisition, Vidal Health expects over 25% revenue growth this fiscal
Mumbai, Apr 18: Bengaluru-based third-party insurance player Vidal Health is expecting over 25 per cent jump in revenue this fiscal at Rs 235 crore following the acquisition of the small rival Vipul Medcorp last month.
The merger will make Vidal the largest TPA (third-party administration) in terms of the number of lives covered at 3.2 million (2.2 million of its own and 1 million acquired from Vipul) and the second largest in terms of revenue after Medi Assist in an addressable health insurance market of Rs 40,000 crore in premium size, which is served by as many as 22 TPAs now.
[World Health Day] 6 funding and consolidation trends in the Indian healthtech sector
On World Health Day, we take a look at some funding and consolidation trends in the Indian healthtech sector.
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The COVID-19 pandemic has had a huge impact on the Indian healthcare industry. Although the unprecedented crisis put immense pressure on the weak healthcare infrastructure, it also offered opportunities for several healthtech companies.
Since last year, the
Centre has taken several steps to boost innovation and help startups build and scale solutions to fight the pandemic and future crises. This includes an increased allocation for healthcare in the Union Budget, financial and policy support, and easing innovation challenges.