Hive Health, a digital health insurance startup founded at Harvard and Stanford Universities in 2021, has acquired Health Plan Philippines Inc. (HPPI), a health maintenance organization (HMO), in a bid to expand its presence in the country.
“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,” said Camille Ang, co-founder and CEO of Hive Health. “It underscores the potential of startups like Hive Health to shrink the change and make an impact on intractable problems.”
Hive Health, as a full-stack digital health insurer, offers hassle-free, comprehensive HMO health plans for SMEs and startups, encompassing outpatient, inpatient, emergency, and dental care through an extensive nationwide network of 1,700 hospitals and clinics, and over 60,000 doctors across the country.
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With the acquisition, Hive Health will be able to share its technology and data-driven innovations with HPPI’s existing members. It will integrate HPPI’s nationwide provider network and institutional knowledge built across 37 years with its core capabilities to further redefine the patient experience across virtual and in-person care.
“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,” said Natasha Reyes, CEO of HPPI.
Hive Health leverages tech and data to make healthcare more affordable and easier to use, especially for the underserved SME segment. Its digital platform enables patients to manage their own care and their dependents’ care.