Background

 

The global healthcare sector continues to experience strong growthyet significant challenges remain in areas, such as lack of accessibility,
rising cost of care, labo
ur shortage, inconsistency in care standard, and inadequate communication and patient journey, resulting
in long-lasting
, and in some instances, crippling socio-economic issues. Technology adoption and integration, supported by policy improvement
and talent development, are undoubtedly amongst the key strategies for overcoming these challenges and 
they form the very foundation
of the sector’s transformation. 
The Covid-19 pandemic in recent months has inevitably exposed or amplified many of the underlying
“pinch points of healthcare systems around the world. However, it has also served as a stark reminder of the importance
of innovation
and cross-sectoral collaboration, not to mention it is accelerating the pace of digitization in healthcare and other industries.  

 

Whilst priorities, such as patient safety and care quality, are shared by providers and operators across the globeaffordability remains
one of the most 
prevalent and challenging issues faced by Emerging Markets in South East Asia, where a large proportion of the population
struggles to 
access quality care and financial support. Patchy insurance coverage, coupled with financial illiteracy and lower bank account
ownership, means that many patients in those markets 
are unable to benefit from novel therapies and financing options. Consequently, they
are often burdened with high out-of-pocket payments, impacting 
adherence and their overall quality of life. Therefore, innovative, efficient
and patient-centric support systems must be put in place to help improve the level of affordability and accessibility. 
 

 

With that mission in mind, we have established the HFA to connect like-minded individuals and organisations in the creation of a
technology eco-system that encompasses the industry, academic research, investment, entrepreneur and patient communities
in the region and beyond. With our partners and capabilities, we are well-positioned to help you develop your idea
into working scalable solutions to improve and 
democratise healthcare. 

Background

 

The global healthcare sector continues to experience strong growthyet significant challenges remain in areas, such as lack of accessibility, rising cost of care, labour shortage, inconsistency in care standard, and inadequate communication and patient journey, resulting in long-lasting, and in some instances, crippling socio-economic issues. Technology adoption and integration, supported by policy improvement and talent development, are undoubtedly amongst the key strategies for overcoming these challenges and they form the very foundation of the sector’s transformation. The Covid-19 pandemic in recent months has inevitably exposed or amplified many of the underlying “pinch points of healthcare systems around the world. However, it has also served as a stark reminder of the importance of innovation and cross-sectoral collaboration, not to mention it is accelerating the pace of digitization in healthcare and other industries.   

Whilst priorities, such as patient safety and care quality, are shared by providers and operators across the globeaffordability remains one of the most prevalent and challenging issues faced by Emerging Markets in South East Asia, where a large proportion of the population struggles to access quality care and financial support. Patchy insurance coverage, coupled with financial illiteracy and lower bank account ownership, means that many patients in those markets are unable to benefit from novel therapies and financing options. Consequently, they are often burdened with high out-of-pocket payments, impacting adherence and their overall quality of life. Therefore, innovative, efficient and patient-centric support systems must be put in place to help improve the level of affordability and accessibility.   

With that mission in mind, we have established the HFA to connect like-minded individuals and organisations in the creation of a technology eco-system that encompasses the industry, academic research, investment, entrepreneur and patient communities in the region and beyond. With our partners and capabilities, we are well-positioned to help you develop your idea into working scalable solutions to improve and democratise healthcare.  

[WEBINAR]

Briefing Day

As part of our Healthcare Fintech Alliance (HFA) efforts to tackle these issues with innovative, tangible solutions, we are organizing the Healthcare Fintech Alliance Innovation Challenge for Startups and University students to present their ideas.

Challenge Statements

  • To maximize the reach and efficiency of Patient Support Program’s via technological applications.

  • To Innovate Financing to expand excess and affordability to medicines and quality healthcare.

Who To Apply

  • You can be a Healthtech or Fintech company with an existing or potential solution or just someone who just has a good and actionable idea that can overcome specific healthcare issues in Indonesia or Vietnam or other ASEAN countries.
  • Your funding round can be up to Series B (including yet-to-be funded, pre-seed, seed, pre-Series A, Series A and Series B). 

Selection Criteria

  • Experience and understanding of the financial and healthcare ecosystems within Emerging Markets Asia
  • Solution fit to the proposed need, considering the expected outcomes
  • Cost-effectiveness
  • Patient impact
  • Innovative solution
  • Ease of pilot implementation
  • Scalability
  • Time to market and market risk
  • Differentiation of solution within the competitive landscape
  • Capability of participant to execute the solution
  • Extent to which the solution could advance to a partnership with the Organizer
  • Demonstration of total funding requirements for various stage of development
  • Demonstration of use of funds, i.e. prize money

Challenge Statements

  • To maximize the reach and efficiency of Patient Support Program’s via technological applications.

  • To expand access and affordability to medicines and quality healthcare via Innovative Financing.

Selection Criteria

  • Experience and understanding of the financial and healthcare ecosystems within Emerging Markets Asia
  • Solution fit to the proposed need, considering the expected outcomes
  • Cost-effectiveness
  • Patient impact
  • Innovative solution
  • Ease of pilot implementation
  • Scalability
  • Time to market and market risk
  • Differentiation of solution within the competitive landscape
  • Capability of participant to execute the solution
  • Extent to which the solution could advance to a partnership with the Organizer
  • Demonstration of total funding requirements for various stage of development
  • Demonstration of use of funds, i.e. prize money

Who To Apply

  • You can be a Healthtech or Fintech company with an existing or potential solution or just someone who just has a good and actionable idea that can overcome specific healthcare issues in Indonesia or Vietnam or other ASEAN countries.
  • Your funding round can be up to Series B (including yet-to-be funded, pre-seed, seed, pre-Series A, Series A and Series B).