Singaporean-based startup, Smarter Health, has received $5.15 million SGD (about $3.8 million USD) in their Series A round by East Ventures. Other investors were Orbit Malaysia, Citrine Capital, HMI Group and Emtek.
Smarter Health creates technology that enables effective and affordable exchange of data within the healthcare system. This helps increase one's quality patient care and reduces the cost.
The AI-based startup performs secure data exchanges between multiple variables like healthcare providers, insurers and patients. For payors and insurers, they can recommend apt specialists, schedule timely appointments and also make demographic profiles. They also take care of claims assessments and provide updates on the cases. All these activities are down at relatively high speed.
Smarter Health's motto is to make healthcare not only affordable but accessible and accountable. The new round of funding has raised Smarter Health’s total funds to $8 million SGD.
The venture is currently operating in Singapore, Malaysia and Indonesia. But plans are made to enter new geographies, particularly in Southeast Asia.
Smarter Health has 4 min consumer segments - doctors, hospitals, insurers and corporate payors. Their corporate payors are AIA, Allianz and Prudential and more