Medfin, a healthcare services platform focused on providing surgical support across various verticals, has raised $15 million in a Series B funding round from a group of investors including Arka Nxt, HealthXCapital (Singapore), Blume Ventures, Axilor Ventures, Sony and Kotak Investments.
Medfin claims to offer patients access to the latest surgical treatment procedures at affordable prices in the easiest way. The company previously raised $4 million in funding.
With these funds, Medfin plans to aggressively expand to more than 25 cities across the country. It plans to invest in R&D, technology, processes and people, enabling it to offer patients a comprehensive one-stop service platform for more than 250 types of outpatient surgeries.
Medfin currently operates in some major cities and offers day care surgical procedures. The startup was founded in 2017 by Arjun Kumar, Arun Kumar and Sidharth Gurjar.
Innovation and advances in clinical approaches and technology have allowed numerous procedures to migrate to the daycare or ambulatory care setting. This also makes the entire process more affordable, as these are often specialized surgical centers that do not bear the burden of large real estate costs and inflated staffing requirements, according to an official statement.
Medfin helps patients navigate the entire surgical and related diagnostic process, including connecting with surgeons, finding the right course of treatment, estimating costs, and checking insurance coverage.
“A large part of the population in India is in the low to middle income range and nursery surgeries can really benefit them. At Medfin, we combine value-based care, advanced technology and superior patient experience to deliver better health outcomes and contain costs,” said Arjun Kumar, Founder and CEO of Medfin.