Along with solving problems in the free market economy, startups in Southeast Asia have also turned to new sorts of innovation with a focus on the many problems facing the region’s hospitals. This is where the first stage of Medtech came in. The next step was to streamline the process, which is where the second part of Medtech’s development came in—a desire to meet Southeast Asia’s economic development with its hospital system.
With more development and affluence came the desire and need to solve Southeast Asia’s medical system problems, such as the lack of access to services and the high cost of certain treatments.
Here is a list of the top medtech startups in Southeast Asia.
Based in Singapore, Homage originally connected caregivers to organisations that needed them. It is unique in that it cuts out the expensive middleman from the caretaking system that exists in most countries. Last year Homage raised $1.2 million. Currently, Homage not only works to link caregivers to care recipients, but also covers such fields as physiology, speech, and occupational therapy. It has also expanded its number of apps—now offering them to NGO’s (non-governmental organisations) and family members, along with patients, care agencies, and caregivers. It’s motto is Home Care You’ll Love and Trust.
Using iOT to bring healthcare global
With the tagline, Designed to help you deliver better care & better business, Klinify is a document management system that helps doctors and hospitals go digital. Started in Malaysia, Klinify claims to kill the paper document system without changing the current workflow of hospitals and doctors. In a world run by Klinify, doctors and nurses will no longer hesitate to find a patient record, administrators will never strain to find a bill, and patients will easily be able to navigate what was once a lengthy and exhausting process of forms. In addition, the document management system also sends information on orders, such as blood samples, directly to its database, and actively reaches out to support patients by reminding them of their appointments .
An Indonesian healthcare information platform, Alodokter is looking to change the healthcare industry by giving patients remote access to doctors and allowing them to handle medical services and record lookups online. Headquartered in Jakarta, Alodokter aims to combat the lack of quality information concerning medical services and healthcare providers. Its funding is led by Softbank Ventures Korea, Golden Gate Ventures, and the FangHe Group. Alodokter claims to have more than 16 million active users. It also claims, as of late 2017, that there are over 250,000 patients who interact with about 350 doctors.
A cloud-based software; Medix aids healthcare providers to facilitate clinic operations. Its aim is to make record keeping seamless. It is easy to use, collecting and storing important records to the cloud. Medix, which was launched in 2013 for dental practitioners, has investment from mClinica, a global provider of Medtech that collects data from pharmacies. Like Klinify, Medix’s system is user-friendly and is helping hospitals evolve and navigate the digital information age.
Need a doctor in Southeast Asia? DocDoc makes this search easy with an extensive network of doctors, compiled from thousands of hours of research. With DocDoc you are able to review more than 23,000 physicians and make an enquiry free of charge. DocDoc also guarantees value for your money when selecting a doctor, and helps you book your appointment. DocDoc is available in Indonesia, Singapore, Malaysia, Vietnam, and the Philippines. Started by an international couple, the startup has 600 clinics and 100 hospitals under its umbrella. In its latest round of funding, it raised $5.45 million USD. It may or may not play a strong role in the future of medical tourism.
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A Singapore based startup; ConneXions Asia (CXA) is an insurance and wellness marketplace. Rosaline Chow Koo founded the group in 2013—its aim is to improve employee health and mitigate healthcare costs. Prior to ConneXions, Koo led the largest employee benefits brokerage in the Asia Pacific region, expanding across 14 countries with over 400 employees. With the tech revolution, Koo saw an opportunity and created CXA, which consolidates vendors digitises claims and healthcare data and payment between employees, employers, insurers, and providers. Today, CXA is a $100 million USD company. The firm also claims to enable employees to lead healthier, happier lives.
One of the only startups on this list that is still in the seed stage of funding, Healint facilities neurological patient treatments using deep analytics and machine learning (artificial intelligence). A one-of-a-kind AI startup, its machines digest data and real-world evidence for patients looking to control mind-splitting migraines. Healint’s app, Migraine Buddy is the most popular condition-specific app in the world, receiving praise from outside its native Singapore, and extending to become a top 10 medical app in the USA and Europe.
Here are the top #medtech companies in Southeast Asia. #DigitalHealth @klinify @alodokter @docdoc @CXAGroup @Healint and others https://t.co/4hSfyzOhyZ
— Tech Collective (@TechCollectiv3) July 30, 2018