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The Future of Healthcare Financing: How Medfin is Disrupting Traditional Models

May 18, 2023

Bengaluru (Karnataka) [India], May 18 (ANI/BusinessWire India): 55 Million Indians were forced into poverty due to the costs of medical care (according to a study from the Public Health Foundation of India). Access to affordable healthcare is a fundamental need for everyone, but unfortunately, it remains a struggle for a significant portion of the population in India. This struggle is not limited to low-income earners but also affects middle-income earners, making it a critical issue that needs to be addressed urgently. One of the main barriers to accessing affordable healthcare is the high cost of medical procedures and treatments. Many patients often delay seeking medical attention because of financial constraints. This delay can lead to further complications, making the treatment even more expensive and challenging to manage. As a result, many patients are forced to compromise on the quality of care they receive, which can have significant consequences on their health outcomes. It is essential to come up with innovative healthcare financing solutions to address this matter.