Written by : Jayati Dubey
January 28, 2025
The first PB Healthcare hospitals will be set up in the National Capital Region (NCR) before expanding to other cities.
PB Fintech, the parent company of Policybazaar, has announced an investment of INR 860 Cr for a 25% stake in PB Healthcare.
The new venture aims to establish hospitals with a capacity of 1,000 beds within the first year and offer dedicated healthcare services to policyholders with managed care plans.
The initiative seeks to eliminate pre-authorization requirements, reduce claim rejections, and ensure a fully cashless treatment process.
PB Fintech’s co-founder and CEO, Yashish Dahiya, highlighted rising healthcare costs due to technological advancements like robotic surgery and the growing corporatization of hospitals.
"Affordability will be a major challenge in the future. The solution lies in insurance companies establishing their own partnerships. With 14,000 network hospitals, it is difficult to regulate their practices," he stated.
The first PB Healthcare hospitals will be set up in the National Capital Region (NCR) before expanding to other cities.
The company is modeling its approach on Kaiser Permanente, a US-based integrated healthcare provider and insurer.
PB Healthcare will act as a service provider for customers of multiple insurance companies, unlike Narayana Health Insurance, which operates its own insurance policies.
The model also incorporates a network of general practitioners who will not receive referral fees, aiming to ensure ethical and patient-centric care.
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