Phaneesh Murthy’s PMHLC Launches Health Exchange
Former iGate CEO Phaneesh Murthy-founded PM Health and Life Care (PMHLC) launched Zigy.com, an online health exchange powered with patient controlled electronic health record system.
The health exchange uses technology to efficiently connect Indians needing health products and services with doctors, clinics, hospitals, pharmacies, diagnostic labs, and providers of wellness products & services, insurance, home-care services and alternative medicines. As the first offering, Zigy.com connects chemists and druggists with consumers.
Headquartered in Bengaluru, PMHLC aims to address the need and gap in the Indian health system by leveraging technology and is looking to raise $10-12 million in funding, according to a Business Line report. “Our family fund has pumped in around $5 million and we plan to raise an additional $10-12 million to expand to 30 cities in India,” Phaneesh Murthy, Co-Founder and Executive Chairman of PMHLC told the news site.
According to a company statement, the Zigy HealthVault provides a highly secure and completely confidential way of storing all health-related information for patients and family members. Zigy facilitates easy retrieval, upon the patient’s authorization, to enable doctors and other care providers to fully comprehend the case history. This structured flow of information will result in better diagnosis.
“Zigy is committed to improving the quality of healthcare, affordability and accessibility for a large segment of the Indian population. This is our first step towards realizing our dream of a Swastha Bharat,” said Murthy.
The chemists and druggists online marketplace will initially serve customers in five cities—Bengaluru, Chennai, Hyderabad, Mumbai and Delhi. The product portfolio on the marketplace will include Allopathic, Homeopathic, Ayurvedic and other wellness products and services. The operations will be extended to 50 cities within 18 months. Over a period of time, Zigy.com will be servicing rural India as well.
According to Hemant Bhardwaj, CEO, MD and Co–Founder, PMHLC, “With our business model which is a win-win for each stakeholder in the ecosystem, we anticipate achieving one million transactions within 12 months of operations.”
Zigy is available on both the web and mobile platforms.