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SaveIN to Increase its Market Share, Revenue through Partnerships

CIO Insider Team | Monday, 20 March, 2023

SaveIN, which provides embedded financing for various medical treatments across a network of healthcare providers, will concentrate on partnerships to increase its market share and is projecting a five-fold increase in revenue over the coming year.

Time for the consumerization of healthcare has arrived, CEO Jitin Bhasin said adding SaveIN wants to “democratise how people access private healthcare.” SaveIN, he said, is witnessing “hyperbolic growth”, and wants to be an on-demand, hyperlocal, discovered healthcare network that can be relied on.

Customers seeking treatments in numerous fields, including hair, dermatology, dentistry, alternative therapies like Ayurveda, ophthalmology, wellness, and fitness, are catered to by the healthcare-focused fintech business. The platform provides coverage for about 300 operations. In 100 cities, SaveIN is accessible at centers.

“We hope to grow 5X and are looking to expand our network to 15,000 health practitioners, clinics in the next year,” he said.

As time goes on, SaveIN will keep putting partnerships first in hopes of expanding its influence in the healthcare industry.

Within a year of its start, SaveIN was able to grow its footprint to roughly 3,000 healthcare partners (including clinics, healthcare providers, doctors, fitness centers, and alternative therapy centers) thanks to the adoption of a digital-led partnership expansion strategy.

Hair transplants, body sculpting, weight loss, anti-aging and feature correction procedures, smile designing, dental aligners, orthodontics, lasik surgeries, diabetes reversal, physical exercise, yoga, and fitness memberships are popular therapies.

Consumers can select payment schedules, and SaveIN helps with upfront payments to physicians. These healthcare partners pay commission to SaveIN.

On the basis of consent, the SaveIN platform also collects data sets for risk assessment and quality assessment procedures.

As time goes on, SaveIN will keep putting partnerships first in hopes of expanding its influence in the healthcare industry.

"Since inception, SaveIN has processed over one lakh customer applications and helped those who were desirous of seeking finance for healthcare products and services across our partner locations," Bhasin said adding SaveIN is currently delivering run rate of Rs 100 crore in annualized disbursals.

The company is looking at five times growth, he said.

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