ACCESS Health International, with support from MetLife Foundation is the lead implementer of a newly established Fintech for Health Innovation Platform. With the aim of overcoming persistent financial barriers to healthcare access, ACCESS Health is convening partners from the health, technology, startup and financial sectors to build knowledge and co-create solutions and partnerships so that people no longer have to choose between catastrophic costs and catastrophic illness. While this initiative is currently focused on six markets in Asia, we believe that fintech for health has global relevance in efforts to improve health care access through digital financial inclusion, especially in low-resource settings. With support from Digital Square, ACCESS Health and Microsave will translate the partnerships made and knowledge learned for scale up and replicability in markets globally. Our proposed activities include desktop research combined with extensive interviews and analysis on how digital financial service models in healthcare were created, launched, and scaled, including barriers and success factors. We will pay special attention to the enabling factors and cases for how two disparate industries – financial services and healthcare – are able to work together. ACCESS Health has extensive experience in health financing, primary health care, and digital health technology in China, Southeast Asia, and India. Microsave contributes the expertise in financial services and fintech to ensure that appropriate solutions are created for health financing challenges. Upon completion of the project, USAID and the global health community will have an analytics tool to help project leads decide on the most appropriate digital financial services model for a given healthcare market, target population, regulatory environment, or given partners’ capabilities.
Prime Organization: ACCESS Health International
ACCESS Health International is a nonprofit think tank and advisory organization with the vision that all people have access to high quality, affordable healthcare, and a right to lead healthy, productive lives. We work toward that vision by conducting practical research, creating knowledge sharing and partnership engagement networks, and supporting project implementation. With offices in the US, China, India, Philippines, and Singapore (Southeast Asia), we work with governments, industry partners, startups, and nonprofits to develop knowledge and tools for health systems strengthening, focusing on health financing, digital technology, and service delivery innovation for community-based care.
Partner organization: Microsave
MSC (formerly known as MicroSave) is a leading international development consulting firm that offers practical, market-led solutions focused on enhancing access to financial services to the low and middle-income segments. Our inspiration is to live in a world in which all people have access to high-quality, affordable, market-led financial services and other support they need. We offer consulting services in multiple domains including, Digital Financial Services, Banking, Financial Services and Insurance, Micro, Small and Medium Enterprises Finance and Private Sector Development. Across all the domains, we provide services in Market Assessments, Monitoring and Evaluations, Organizational Strengthening, Strategic Business Planning, and Product strategy for service providers. We have worked with a range of donor agencies, central banks, policymakers and national governments in various countries of Asia and Africa. We understand the financial needs, behavior and money management practices of the mass market and have worked extensively with digital financial services providers including FinTechs to incorporate our market insights in the design of their solutions. We have set up an incubation/solution lab for FinTechs to cater to the mass market in India.