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Insurtech startup Hive Health acquires HMO provider Health Plan Philippines

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Teddy Cambosa

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6 months ago

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Manila, Philippines Digital health insurance startup, Hive Health, has successfully acquired Health Plan Philippines, Inc. (HPPI), a leading health maintenance organization (HMO) service provider in the Philippines.

This strategic move enables Hive Health to share its cutting-edge technology and data-driven innovations with HPPI’s existing member base. The acquisition also facilitates the integration of HPPI’s extensive nationwide provider network, built over 37 years, with Hive Health’s core capabilities. This synergy aims to redefine the patient experience across virtual and in-person care.

As a full-stack digital health insurer, Hive Health specializes in providing hassle-free, comprehensive HMO health plans for SMEs and startups. These plans cover outpatient, inpatient, emergency, and dental care through a vast nationwide network of 1,700 hospitals and clinics, involving over 60,000 doctors throughout the country.

Hive Health’s digital platform empowers patients to effortlessly manage their care and that of their dependents. This includes tasks such as swiftly requesting letters of approval, and allowing patients to bypass lengthy hospital lines. The platform also enables users to view plan benefits, locate nearby healthcare providers, schedule annual physical exams, and access medical records – all conveniently accessible from their phones or computers. Members can enjoy fast out-of-network reimbursements within 3-5 days and exclusive wellness perks.

Dedicated to inclusivity, Hive Health focuses on supporting minorities, including LGBTQIA+ and domestic partners, while providing essential benefits such as mental health, medicine, preventive care, and maternity care.

For small business owners and HR managers dealing with limited bandwidth for paperwork, Hive Health’s HR dashboard simplifies onboarding and offboarding, streamlines invoicing, and empowers businesses to foster employee engagement and wellness.

Jiawen Tang, president and co-founder of Hive Health, said, “We started Hive Health with the mission to make healthcare more accessible in the Philippines and in many other developing countries where social safety nets are capped. Our goal is to leverage tech and data to make quality healthcare more affordable and easier to use, especially for the underserved SME segment.”

Meanwhile, Camille Ang, co-founder and CEO of Hive Health, said, “We have just begun the hard work of making healthcare radically more accessible. The goal is for all Filipinos to feel secure that their health is taken care of, and to give employers a sustainable way to take part in making that happen. Hive Health’s journey to date, especially with the acquisition of HPPI, marks a significant milestone, not just for our company but also for the Philippine startup landscape. It underscores the potential of startups like Hive Health to shrink the change and make an impact on intractable problems.”

Natasha Reyes, CEO of HPPI, commented, “Hive Health has been a valued partner of HPPI given our shared missions. I have seen how the team is able to deliver changes to improve the patient experience much faster than I would have expected, and how they genuinely care about making healthcare accessible to more Filipinos. We are excited for the journey ahead as Hive Health and HPPI join forces.”

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