HealthMetrics claims it currently connects 1,700 health service providers to more than 250 corporate clients and over 50,000 users nationwide
The HealthMetrics team
HealthMetrics, a Malaysian startup that assists enterprises to manage their employees’ health benefits, has secured US$1 million in funding from local VC firms RHL Ventures and Cradle Seed Ventures, and Japan-based Spiral Ventures.
Based in Klang Valley, HealthMetrics was founded in 2016 by Alvin Yuan (CEO) and Advent Phang. Yuan and Thum come from a pharmacy background.
HealthMetrics provides a web-based solution to assist the Human Resource (HR) department in companies in simplifying and managing the complexities of employee healthcare plans. The startup’s primary objective is to provide a cost-effective solution for businesses to provide employee medical benefits.
“First and foremost, companies do take care of their employees … But there are always problem with controlling their expenditure, how they manage their claims, even problems such as faked medical claims,” Yuan told e27 in an interview in November last year.
“Also, sometimes, employees don’t feel like going to work today [because] they are sick, and they don’t have the proper communications channel with their superiors and their HR [department],” he added.
This is where the HealthMetrics platform comes in handy. Apart from sending real-time notifications of employees, seeking medical treatment, to HR managers, the platform also enables companies get preferred treatment rates at clinics and other healthcare providers.
HealthMetrics claims it currently connects 1,700 health service providers to more than 250 corporate clients and over 50,000 users nationwide.
Back in July 2017, HealthMetrics became the first ever Malaysian startup to join Google Launchpad Accelerator.
The startup has earlier received a RM500,000 (US$127,000) grant from Malaysian state-owned VC fund Cradle Fund.
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