SaveIN

SaveIN connects people with quality healthcare practices near them and enables them to split their entire medical and wellness bills into monthly instalments.

Over 80% of healthcare expense in India is borne out of pocket since less than 10% of Indians have private health insurance. On top of this medical inflation is 15% per annum, thereby making paying for private care expensive and frictional.

5000+ healthcare practices in India now use SaveIN to be discovered by millions of high intent customers near them and offer instant, monthly payment plans for all healthcare services, thereby making it a win-win proposition for all.

High-Level Overview

SaveIN is a healthtech fintech startup from India focused on making private healthcare accessible and affordable by providing embedded financing solutions for healthcare services. Founded in 2020-2022 (sources vary), SaveIN offers a platform where patients can search and book appointments with healthcare providers and pay for treatments through zero-cost EMI (equated monthly installment) plans. It serves a broad demographic, primarily urban and tier-1/2 city populations aged 25-45, connecting them with over 7,000 healthcare and wellness providers across specialties like dental, dermatology, fertility, and wellness services. The company addresses the critical problems of high out-of-pocket healthcare expenses, limited access, and quality concerns by enabling flexible payment options and a seamless digital experience. SaveIN has demonstrated rapid growth, processing over 500,000 customer applications and expanding its network to thousands of providers within a few years[1][2][4][7].

Origin Story

SaveIN was founded by Jitin Bhasin, who identified the pressing need to reduce financial barriers to private healthcare in India. The idea emerged from recognizing that many Indians face significant out-of-pocket expenses that delay or prevent timely medical care. Starting around 2020-2022, the company built partnerships with healthcare providers and financial institutions to develop a platform offering zero-cost EMI payment plans and a broad healthcare network. Early traction came from its digital-led partnership expansion strategy, quickly onboarding thousands of clinics, doctors, and wellness centers. This foundation enabled SaveIN to evolve from a simple financing platform to a comprehensive healthcare ecosystem, including launching the wellness subscription platform welUp, which offers preventive care, mental health support, and credit limits for wellness services[1][2][3][4].

Core Differentiators

• Integrated Healthcare-Fintech Platform: Combines healthcare service discovery with embedded financing, allowing patients to book appointments and pay via zero-cost EMIs seamlessly.
• Extensive Provider Network: Over 7,000 healthcare and wellness facilities, including clinics, doctors, fitness centers, and alternative therapy providers, across major Indian cities and tier-2 markets.
• Flexible Payment Solutions: Offers no-cost EMI plans and credit limits up to Rs 5 lakh, covering treatments often excluded from insurance like cosmetic surgery, IVF, dental care, and fitness memberships.
• Data-Driven Quality and Risk Assessment: Captures consent-based data to assess healthcare provider quality and patient risk, enhancing trust and service standards.
• Partnership Ecosystem: Collaborates with major financial institutions (HDFC Bank, ICICI Bank, IDFC First Bank) and fintech lenders like Trillionloans to provide instant credit and scale financing options.
• Wellness Platform (welUp): Subscription-based service offering free doctor consultations across multiple medical systems, preventive tests, mental health support, and personalized diet plans, expanding beyond treatment to holistic wellness[2][3][4][5].

Role in the Broader Tech Landscape

SaveIN rides the growing trend of digital health and embedded finance in India, addressing the persistent challenge of high out-of-pocket healthcare costs that limit access to quality private healthcare. The timing is critical as India’s healthcare spending shifts towards private providers and consumers increasingly demand flexible payment options. Market forces such as rising healthcare costs, expanding middle-class demand, and digital adoption favor SaveIN’s model. By integrating fintech with healthcare, SaveIN influences the ecosystem by enabling timely care, reducing financial stress, and promoting preventive health through its wellness offerings. Its partnerships with financial institutions and lenders also exemplify the convergence of healthcare and fintech sectors, setting a precedent for scalable, tech-enabled healthcare financing in emerging markets[1][2][5].

Quick Take & Future Outlook

SaveIN is poised for significant growth, aiming for a five-fold expansion by deepening partnerships and broadening its healthcare and wellness network. Future trends shaping its journey include increased consumer preference for preventive and holistic health services, greater adoption of digital health platforms, and evolving employer wellness programs leveraging SaveIN’s credit and subscription services. The company’s influence is likely to expand beyond financing into shaping healthcare consumption patterns and wellness culture in India. Continued innovation in embedded finance and data-driven quality assessment will further differentiate SaveIN, potentially making it a cornerstone in democratizing private healthcare access and affordability across India’s diverse markets[2][3][5].

In summary, SaveIN’s mission to make private healthcare accessible and affordable through innovative fintech solutions and a broad healthcare ecosystem positions it as a transformative player in India’s healthtech landscape.