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Outpatient clinics, pharmacies and diagnostic centres (OPD) are never part of any insurance network because they are highly unorganised. Insurers process around 15 million OPD claims manually which are expensive and time consuming. For the first time, MedPay is enabling OPD centers to be part of an insurance network using technology, thus unlocking the $45 B OPD market for insurers. We have created the network of 1000 OPD centers in less than 3 months and we are already capturing transactions worth $100,000 on our platform. One of the largest insurance companies in India has signed up with us to use our network for processing cashless OPD claims.

MedPay pitch at our Investor Day