🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Future Of Healthcare: How Embedded Finance Is Transforming Patient Experience

Inc42Inc42 · 1y ago
Future Of Healthcare: How Embedded Finance Is Transforming Patient Experience
Medial

Embedded finance is revolutionizing the healthcare industry by providing tailored financing options for out-of-pocket health expenses. It enhances patient experience by offering solutions like zero-cost EMI, making healthcare services more accessible and affordable. The seamless and intuitive user experience is achieved through technological integration with digital infrastructure. Embedded finance has also contributed to building a thriving healthcare ecosystem by covering out-of-pocket expenses and managing healthcare payments. It empowers public healthcare systems by enabling individuals to access private healthcare services through flexible financing options. This industry is expected to continue innovating and adapting to meet evolving customer needs.

1

Related News

The Growth and Future of Fintech in India

StartupTalkyStartupTalky · 1y ago
The Growth and Future of Fintech in India
Medial

India's fintech sector is set for a significant transformation in 2024. The industry is expected to experience moderate growth in funding activity, with a focus on super apps that offer a wide range of financial services. PhonePe's decision to redomicile to India has inspired other startups to consider similar moves. Paytm's layoffs based on AI-related reasons could indicate a trend of streamlining operations through technology. Jio Financial Services is expected to wield more influence in the industry. Digital lending, blockchain technology, embedded finance, and innovations in payment technology are anticipated trends. The use of AI and machine learning will revolutionize personalized finance and automated processes. Voice-based payments, insurtech growth, embedded finance, green fintech, and open banking are also expected to shape the Indian fintech landscape in the coming year.

Pristyn Care turns its first hospital profitable within 2 months

EntrackrEntrackr · 2m ago
Pristyn Care turns its first hospital profitable within 2 months
Medial

Setting a new benchmark in India’s healthcare sector, Pristyn Care has turned its first hospital in South Delhi profitable in less than two months, according to sources. This contrasts with the usual timeline in the healthcare sector, where hospitals generally take between 12 to 24 months to reach break-even. The Gurugram-based firm opened its first super-specialty hospital in South Delhi in February this year. “The hospital reached double-digit profitability within weeks of opening. The hospital currently has the capacity to handle 30% more patients, providing room for further growth while continuing operations,” said one of the sources. Establishing its own hospital infrastructure in the capital is helping the company go deeper into patient care and ensure tighter control over the end-to-end patient journey. This greater control is enabling consistent delivery, stricter adherence to safety protocols, and a more integrated care experience for every patient. Unlike most healthcare institutions where demand is doctor-driven, Pristyn Care has been generating its own patient flow — even while operating out of partner hospital infrastructure. “With its own hospital now operational, the company has seen a 10-point rise in its Net Promoter Score (NPS), reflecting higher patient satisfaction,” said another source. Confirming the development to Entrackr, Dr. Vaibhav Kapoor, co-founder of Pristyn Care, said, “This milestone is a reflection of the trust patients place in us. With our own hospital, we’re able to deliver more consistent, safer, and compassionate care — every single day.” Pristyn Care’s technology platform plays a key role in this progress by managing doctor schedules, patient coordination, and the surgical process. This helps make operations more efficient and improves the overall patient experience. Harsimarbir Singh, co-founder of Pristyn Care, added, "In healthcare, trust is everything. By managing the full care continuum ourselves, we’re earning that trust one patient at a time — and that’s the real success story." As per sources, over 60% of its patient inflow is organic. The company already disclosed its plans to open 50 hospitals across India in the next three years, with new locations in cities like Mumbai, Bengaluru, Hyderabad, Pune, Chennai, Ahmedabad, Patna, Chandigarh, and Coimbatore. Backed by the likes of Peak XV and Tiger Global, Pristyn Care secured $96 million to attain unicorn status in December 2021. In FY24, the company’s operating revenue grew by 32.7% to Rs 601 crore from Rs 453 crore in FY23. In FY25, it claims to have reduced its EBITDA burn by 60% year-over-year.

How AI Automation Tools Can Help You Save Time and Money

StartupTalkyStartupTalky · 1y ago
How AI Automation Tools Can Help You Save Time and Money
Medial

AI automation tools are transforming industries by streamlining processes, improving efficiency, and saving time and money. Chatbots, predictive analytics, and other AI-powered tools can automate repetitive tasks, enhance productivity, and make informed decisions. Implementing AI automation offers benefits such as increased productivity, improved customer service, reduced costs, and enhanced accuracy. Various industries, including manufacturing, healthcare, retail, and finance, can leverage AI automation for tasks like predictive maintenance, personalized recommendations, and risk assessment. Challenges include data quality, ethical considerations, and the need for specialized skills. The future of AI automation holds advancements in natural language processing, robotics, augmented decision-making, and the development of ethical AI frameworks.

It’s time to hand cybersecurity over to the computers

LivemintLivemint · 1y ago
It’s time to hand cybersecurity over to the computers
Medial

Cybercriminals are increasingly targeting the American healthcare industry, disrupting essential services and potentially compromising patient care. Recent attacks by the ransomware group ALPHV on Change Healthcare, a subsidiary of UnitedHealth, cost providers an estimated $1 billion a day. It is crucial for healthcare systems to adopt autonomous digital infrastructure to ensure robust cybersecurity and protect patient data. The federal government must incentivize modernization efforts and update regulations to support the adoption of secure and reliable autonomous systems. Additionally, the use of passwords should be abolished in favor of more secure passcodes generated by autonomous systems. Collaborative efforts are needed to safeguard critical digital infrastructure and ensure uninterrupted healthcare services.

Download the medial app to read full posts, comements and news.