Singapore's MyDoc unveils plan to curb India's high employee healthcare costs

It's joint venture with UST Global will tacke employee health at the latter's centres across India.

Healthtech platform MyDoc has teamed up with IT service provider UST Global to form a joint venture (JV) in a bid to address the rising cost of employee healthcare in India, an announcement revealed.

The MyDoc-UST Global JV will tackle employee health, starting with over 14,000 employees at UST Global’s centres throughout India.

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“Companies face mounting costs threatening to hurt corporate profits and employee well-being. We must shift away from a supply-driven health care system organized around what clinicians do, toward a patient-centric system organized around individual patient needs,” Snehal Patel, CEO and co-founder of MyDoc, said in a statement

The MyDoc-UST Global JV has established direct partnerships with healthcare providers, pharmaceutical companies, and diagnostic laboratories to launch the MyDoc value-based digital managed care model in Bangalore. The company will deliver healthcare services to employees of banking and technology multinational corporations (MNCs).

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In September 2017, UST Global made a strategic investment in MyDoc to expand its digital offerings in healthcare. The investment funded MyDoc’s ongoing initiative to drive population-wide digital health programmes, including disease management and health data tracking.