About Medi Assist Healthcare Services Limited Ipo
Founded in June 2002, Medi Assist Healthcare Services Limited operates as a health-tech and insurance-tech enterprise, focusing on managing health benefits for various groups, including employers, retail members, and public health scheme participants, primarily catering to insurance companies. Medi Assist’s services encompass offering medical insurance and facilitating cashless hospitalisation through an extensive network of healthcare providers. The company plays a pivotal role in connecting: General and health insurance companies with their insured members. Insurance companies with healthcare providers like hospitals. The Government with public health scheme beneficiaries. As of March 31, 2023, Medi Assist Healthcare has partnered with 36 insurance companies in India and globally. Financially, the retail portfolio of Medi Assist Healthcare contributed Rs 494.68 million, Rs 579.84 million, and Rs 570.29 million to the revenue for the fiscal years 2021, 2022, and 2023, respectively. These figures accounted for 15.33%, 14.72%, and 11.29% of the total revenue from customer contracts in those respective years. As of March 31, 2023, Medi Assist Healthcare has established a significant healthcare network in India, encompassing over 14,000 hospitals across 967 cities and towns in 32 states and union territories. In the fiscal year 2023, the company successfully processed 5.27 million claims, which included 2.44 million in-patient claims and 2.83 million out-patient claims.
