Healthtech opportunities in Indonesia as country seeks universal healthcare

06-Jun-2019 Intellasia | MedicalDevice | 6:00 AM Print This Post

Exertions to reform healthcare sector using technology are underway to provide affordable and high-quality healthcare to Indonesians and expats in Indonesia.

With more than 260 million people, Indonesia is the fourth largest country in the world by population. Despite being the largest economy in Southeast Asia, Indonesia is facing a myriad of healthcare challenges.

Insufficient health infrastructure, income disparities, shortage of private health insurance and over-dependence on foreign healthcare are the foremost challenges faced by the Indonesian healthcare sector. Thus, Indonesian government has set itself the goal of achieving universal healthcare.

Given Indonesia’s topographical features, the country needs unique solutions to swiftly address the inherent challenges in the healthcare sector. As a measure to improve patient outcomes and transform healthcare business, Indonesia is adopting technology-based solutions.

Development of Mobile National Health Insurance, a mobile application, to easily access services by the government of Indonesia is a prime example of this.

HealthTech in Indonesia is receiving plenty of interest and funding from foreign countries too.

In April 2019, Medigo, a Jakarta-based HealthTech start-up established in May 2018, announced that it has received seed funding from Venturra Discovery. Medigo aims to connect patients, doctors, insurance as well as the government healthcare facilities in Indonesia.

In March 2019, Halodoc announced that it had raised $65 million in its Series B funding from investors in Singapore, South Korea and China, and this funding will be utilised to improve the platform and expand partnerships with healthcare facilities in Indonesia.

Halodoc raised $13 million from its Series A funding led by Clermont Group, a Singapore-based venture capital firm. Halodoc, Indonesia’s largest telemedicine platform, enables patients to connect with licensed doctors, pharmacies, and laboratory services. Today, it has about 2 million users, 1300 pharmacies and 20,000 registered doctors.

Alodokter, TeleCTG, Tanyadok and K24Klik are some other examples of digital portals in Indonesia.

Adequate funding, lack of trust, control over quality of data available, uneven distribution of internet connectivity and the navigating regulatory environment are some of the challenges which need to be overcome in order for Indonesia’s healthtech industry to thrive.

Indonesia’s vision to improve and expand its healthcare industry could be a boon to private sector players that are able to overcome the challenges. HealthTech companies could play a significant role in achieving the nation’s objective of providing consistent access to high-quality healthcare to its people.

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Category: Indonesia

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