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Hive Health acquires Health Plan Philippines
Insurtech start-up for SMEs see synergies with pioneering HMO service provider
The Asset 17 Nov 2023

Digital health insurance start-up Hive Health, founded at Harvard and Stanford Universities in 2021, has acquired Health Plan Philippines (HPP), one of the pioneering health maintenance organizations (HMO) service providers in the Philippines.

With this strategic initiative, Hive Health, it notes, will be able to share its technology and data-driven innovations with HPP’s existing members. Moreover, it will be able to integrate HPP’s nationwide provider network and institutional knowledge built across 37 years with its core capabilities to further redefine the patient experience across virtual and in-person care.

Hive Health, as a full-stack digital health insurer, offers comprehensive HMO health plans for small and medium-sized enterprises, and start-ups, encompassing outpatient, inpatient, emergency, and dental care through an extensive nationwide network of 1,700 hospitals and clinics, and over 60,000 doctors across the country.

The company’s digital platform lets patients, it states, “manage their own and dependents’ care effortlessly – enabling tasks such as requesting letters of approval within minutes to allow patients to skip the long lines in hospitals, viewing plan benefits, finding nearby providers, scheduling annual physical exams and accessing medical records – all from their phone or computer. Additionally, members enjoy fast out-of-network reimbursements within 3-5 days and exclusive wellness perks.”

 

 

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