Phaneesh Murthy unveils first health exchange

Taking into account buoyant Indian healthcare sector, former iGate CEO Phaneesh Murthy promoted PM Health & Life Care (PMHLC) has started an online health exchange that aims to connect multiple providers of healthcare services to consumers.

Interacting with media, Murthy said the first step in the venture will be an online market place which will connect chemists and druggists with consumers.

“The proposed health exchange is an innovative model, bringing technology as the great enabler for facilitating well-informed healthcare access. The health exchange meets the latent need of the consumers, clinics, hospitals, diagnostic centres and doctors to provide quality healthcare accessible and efficient to a large population,” said Murthy.

The firm has already received  seed fund of $3.2 million from Phaneesh Murthy’s family venture PM Ventures.

“Through the PMHLC model, consumers’ demand will be routed through the exchange to the nearest partner-service provider. Here we will select our partners with care so that costumers will get quality service,” he said.

Murthy, who will be actively participating in the affairs of the PMHC as Co-Founder and Chairman, said it is scouting for next round of $5-8 million funding, either from VCs or strategic investors.