Singapore-based Smarter Health, a healthcare startup providing healthcare players with a secure way to exchange data, raised USD 3.7 million on 3rd January 2022.
Investors: The investment round was led by East Ventures, with the participation of Orbit Malaysia and Citrine Capital. HMI Group and Emtek also took part in the round.
Purpose of funding: Using the funding, the company intends to expand its platform into other Southeast Asian countries and develop its product offerings. As of now, it operates in Indonesia, Malaysia, and Singapore.
About Smarter Health
Founded in 2017 by Yit Ming Liaw, Smarter Health is located in Central Region, Singapore. Smarter health is a healthcare startup providing a platform for secure data exchange among key players in the healthcare ecosystem. The unified platform of Smarter Health facilitates secure data exchange between insurers, physicians, and patients during the healthcare process. The solution improves the accuracy and speed of claims processing as well as enables the use of data for guidance in patient decision-making.
In addition, the startup provides patients with affordable, quality healthcare, enables providers to focus on caring for their patients while reducing unnecessary steps, and provides insurers with the ability to serve their policyholders better.
The startup consists of senior executives from leading healthcare and insurance companies in Asia. The founder, Yit Ming Liaw is no newcomer in the industry. He founded Smarter Me, an ed-tech platform and served more than eight years in the healthcare industry. He served as Head of Strategic Planning and Business Development at IHH Healthcare Bhd and Vice President at Kazanah Nasional.
What the founder has to say
“We are excited to partner with East Ventures and other strategic investors such as Orbit Malaysia, Citrine Capital, HMI Group, Emtek and Blue7 to realise our vision of making healthcare ‘Accessible, Affordable and Accountable’. We look forward to collaborating with more insurers, healthcare providers and doctors to achieve this vision”, said Liaw Yit Ming, CEO & Founder at Smarter Health.
What the Investor has to say
“The COVID-19 pandemic has forced insurers and healthcare providers to reflect and re-strategise on their operations, catalysing digital transformation. Smarter Health is here to make healthcare accessible, affordable, and accountable by providing an AI-powered interoperable platform. We are excited to support Smarter Health in resolving inefficiencies in healthcare processes between stakeholders in the healthcare ecosystem,” said Willson Cuaca, Co-Founder and Managing Partner at East Ventures.
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