SAMRIDH & StratMed to strengthen India’s healthcare delivery infrastructure
India’s healthcare delivery infrastructure – In order to promote StratMed’s tech-enabled platform connecting all important parties in the healthcare supplychain ecosystem, including hospitals, manufacturers, and suppliers, the SAMRIDH Healthcare Blended Financing Facility has committed INR 2.95 Cr (USD 421K).
The effort intends to increase quality, cost-efficiency, and outcome-focused in the regions that have historically been underserved. The United States Agency for International Development (USAID) supports SAMRIDH, a multi-stakeholder innovation and funding platform that is run by IPE Global. It provides grant and debt funding options through mixed financing solutions to scale high impact health initiatives that might improve India’s healthcare system.
India currently has nearly 59,000 private hospitals, the majority of which are standalone doctor-owned clinics and hospitals in lower socioeconomic areas of metropolises and Tier 2 and Tier 3 cities. These hospitals lack access to a wide variety of vendors and manufacturers to reduce their costs and material usage.
India’s healthcare delivery infrastructure
By building the first completely aggregated healthcare supply chain ecosystem, StratMed hopes to revolutionize healthcare procurement. Through this collaboration, StratMed will have access to reasonably priced financing and technical support to grow the business of its technology-driven platform, IntegerTM. With this partnership, StratMed hopes to sign up 300 hospitals in Tier 2 and Tier 3 cities and will develop a multifaceted business model that would enable efficient
Speaking about this collaboration, Mr. Himanshu Sikka, Project Director, SAMRIDH said, “We are thrilled to partner with StratMed to make top-notch medical supplies and medications available and reasonably priced to hospitals in Tier 2 and Tier 3 cities, specifically those covered under PM-JAY and state health insurance programmes. We hope to assist StratMed in expanding its footprint in underserved areas and opening up other markets for manufacturers and suppliers through our knowledge of cutting-edge financial instruments.
The founder and CEO of StratMed, Dr. Sameer A. Khan, stated, “We are happy to receive this funding from the USAID-Supported SAMRIDH initiative. We support creating a level playing field for the expansion of a just and long-lasting healthcare infrastructure. Supply chain and consumption planning are evolving thanks to our platform IntegerTM, which is powered by artificial intelligence and machine learning.