Glamyo Health Partners With Financing Companies to Make Healthcare Affordable
– The company has collaborated with Fibe (formerly Early Salary), Bajaj Finance, Mahila Money, GMoney, and Unofin to provide financial assistance.
New Delhi, 06th March 2023: Glamyo Health, a healthcare brand specializing in elective and cosmetic surgeries, is striving to make quality secondary surgical care accessible to the middle class in India. In pursuit of this goal, the company has entered into a strategic collaboration with multiple healthcare financing partners. The objective of this collaboration is to enable patients to convert their medical bills into easy and affordable Equated Monthly Installments (EMIs) at no interest or additional charge. By partnering with Fibe (previously Early Salary), Bajaj Finance, Mahila Money, GMoney, and Unofin, Glamyo Health hopes to empower the mid-income groups to get secondary care surgeries done on time, without worrying about medical finances disrupting their financial well-being.
Glamyo Health aims to establish an affordable healthcare system that is easy to finance. In collaboration with financing partners, the company has introduced innovative products to offer Salary Advances, Instant Personal Loans, Cards, and Buy Now Pay Later options to pay for treatment. With these financing options, patients and caregivers can now seamlessly avail Healthcare financing from ₹ 10,000 – 1,50,000, depending on the surgical case.
The tie-ups with healthcare financing partners would enable patients to avail these wide varieties of secondary care surgeries without any financial burden. Glamyo Health has created various innovative products with the financing partners to offer affordable healthcare solutions. The company believes that with these financing options, patients will have the peace of mind they need to focus on their recovery, rather than worrying about their medical expenses.
Glamyo Health’s strategic collaboration with multiple healthcare financing partners is aimed at making secondary surgical care affordable to the aspiring middle class of India. With the intention of establishing an affordable healthcare system that is easy to finance, Glamyo Health has partnered with Fibe (previously Early Salary), Bajaj Finance, Mahila Money, GMoney, and Unofin to offer a range of financing options. Patients and caregivers can now seamlessly avail Healthcare financing from ₹ 10,000 – 1,50,000, depending on the surgical case. This initiative is expected to empower mid-income groups to access high-quality healthcare without worrying about medical finances disrupting their financial harmony.
Archit Garg, Co-Founder, Glamyo Health said, “Healthcare in India faces great inequality. A privileged few have either medical insurance or enough money to access quality care via private hospitals. Most of the population have no option but to avail medical services from public systems where quality can vary significantly. It is a multifaceted challenge to make healthcare available, accessible, and affordable to all citizens. To address a whole set of healthcare problems and financing holistically, Glamyo healthcare is pleased to collaborate with some well-known financing partners. Of All the patients that we are supporting atleast 20 percent are availing financing options. ”
Dr. Preet Pal Thakur, Co-Founder, Glamyo Health said, “ We started Glamyo Health with one simple motive of easing out the surgical experience of middle class Indians. Most of the population is just one bad healthcare outcome away from being pushed into poverty making healthcare financing the key parameter. Over the last 24 months, we have helped more than 650,000 patients in their surgical journey and over the next 12 months, we intend to disburse healthcare financing worth INR 100 Cr to ease out their financial burden”
Glamyo Health provides financial aid for various minimally invasive elective surgeries, including but not limited to proctology, laparoscopy, urology, vascular, ophthalmology, gynecology, cosmetic, ENT, orthopedic, and dental surgeries. The healthcare brand verifies the credit history and monthly income of the patient before collaborating with their financing partners to provide support. The average cost of treatment for patients without insurance is:
- Cosmetic Surgeries is ₹ 40,000-60,000;
- Piles Surgery is ₹ 40,000,
- Kidney Stones Surgery is ₹ 60,000,
- Vascular Surgery is ₹ 100,000,
- Ophthal Surgery is ₹ 50,000, and
- Dental Surgery is ₹ 40,000.