Medical Technology, India’s first health exchange, goes online

Technology visionary Phaneesh Murthy-founded PM Health and Life Care (PMHLC) today announced the creation of, India’s first health exchange, integrated with Zigy HealthVault, a first-of-its-kind patient-controlled electronic health record system. As the first offering, connects chemists and druggists with's-First-health-Exchange-1

The health exchange uses technology to efficiently connect Indians needing health products and services with doctors, clinics, hospitals, pharmacies, diagnostic labs, and providers of wellness products & services, insurance, home-care services and alternative medicines.

The Zigy HealthVault provides a highly secure and completely confidential way of storing all health-related information for patients and family members. Zigy facilitates easy retrieval, upon the patient’s authorization, to enable doctors and other care providers to fully comprehend the case history. This structured flow of information will result in better diagnosis.

Speaking on the occasion of the launch, Phaneesh Murthy, Co-Founder and Executive Chairman of PMHLC, said, “Zigy is committed to improving the quality of healthcare, affordability and accessibility for a large segment of the Indian population. This is our first step towards realizing our dream of a Swastha Bharat.

The chemists and druggists online marketplace will initially serve customers in five metropolitan cities—Bengaluru, Chennai, Hyderabad, Mumbai and Delhi. The product portfolio on the marketplace will include Allopathic, Homeopathic, Ayurvedic and other wellness products and services. The operations will be extended to 50 cities within 18 months. Over a period of time, will be servicing rural India as well.

According to Hemant Bhardwaj, CEO, MD and Co–Founder, PMHLC: “With our business model which is a win-win for each stakeholder in the ecosystem, we anticipate achieving one million transactions within 12 months of operations.” Zigy is available on both the web and mobile platforms.

About PM Health and Life Care Pvt. Ltd (PMHLC)

PM Health & Life Care (PMHLC), headquartered in Bengaluru, aims to address the need and gap in the Indian health system by leveraging technology. In  the PMHLC model, consumers’ demand will be routed through the exchange to the nearest partner-service provider. This will not only assure accessibility at all times, it will also give consumers the peace of mind in dealing with providers who share the exchange’s philosophy and vision. The company will only work with providers of goods and services who meet all regulatory and quality standards.

The PMHLC founding team has around 125 person years of leadership experience in technology, pharmaceuticals, marketing and distribution. The founding team includes, apart from Phaneesh Murthy as Chairman and Hemant Bhardwaj as CEO, Umesh Naidu as Chief Operating Officer, Anil Bajpai as Chief Technology Officer and Harshit Singhal as Chief Finance Officer and Head of Strategy.


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