Maria Health-Intellicare partnership looks to minimize out-of-pocket health spending in the country
MANILA, Philippines, 13 September 2019 – Maria Health, the first licensed online health aggregator in the Philippines, officially announced its partnership with Intellicare, the country’s leading managed care provider, in a contract signing event held at the latter’s head office.
The partnership with Maria Health marks both company’s commitment to investing in innovative solutions to make healthcare accessible and affordable. For a country with a population nearing 105 million, it’s been difficult to scale access to the market through traditional methods of sales and distribution.
Maria Health, as a direct-to-consumer channel, enables Intellicare to tap captive audience comprised of micro, small, and medium enterprises (MSME), as well as, the 22 million households in the country, ranging from individuals to families – segments in society that need insurance the most.
This collaboration also allow Intellicare access to digital data and marketing capabilities to drive qualified leads, transactions, and tools that can manage the customer life cycle seamlessly. Doing so makes it extremely efficient to service the uninsured through technology.
“We estimate that over half a million Filipinos today are searching online for HMOs and healthcare services, signaling where future customers are coming from,” said Vincent Lau, CEO of Maria Health.
Intellicare and Maria Health put their missions of making quality health care accessible to more Filipinos the simple, fast, and easy way into action.
The partnership looks to reduce the health insurance gap in the country and minimize the out-of-pocket health expenses of Filipino households.
The Philippines faces an underinsurance gap of P373 billion fueled by consumer out-of-pocket spending. With health expenses reportedly growing each year at an average rate of 8 percent, it’s going to get much harder for a large number of Filipino households to have access to healthcare.
According to reports, of the 2017 total health expenditure, 20 percent was covered by the national and local government; 17 percent was covered by social health insurance agencies; 5 percent was covered by HMOs; 2 percent by private insurance; 2 percent by others; and a whopping 56.3 percent was paid for by the patients themselves, or as out-of-pocket expenses.
Demand for private insurance grew 40% from 2016 to 2017.
It’s been estimated that every year, over 1.5 million families are pushed to poverty because of their reliance on shouldering their own healthcare.
About Maria Health
Maria Health is the first online marketplace and the only licensed online health aggregator by the Insurance Commission in the Philippines. The company's mission is to offer simple and easy access to healthcare. To fulfill this mission, Maria Health created a place online where people can easily compare and shop plans from the top healthcare providers in the country.
Having closed their latest seed round backed by Malaysia-based venture capital firm Gobi Core, the company is set to use its latest funding to build the brand and improve the marketplace by streamlining the customer experience of purchasing healthcare.
Asalus Corporation (operating under the trade name “Intellicare”) is one of the leading managed care provider in the Philippines. Founded in 1995, it is engaged in the business of developing, maintaining and promoting integrated medical and health maintenance services, with the aim of providing a comprehensive, systematic and prevention-oriented concept of medical and health maintenance program, through the accreditation, integration and professional maintenance of the services of healthcare facilities and providers.
At present, Intellicare has a robust medical network composed of more than 50,000 affiliated physicians and over 2,500 accredited hospitals and clinics, and serving over 1,000,000 members nationwide.
For more information, please visit www.intellicare.com.ph