The World Health Organization estimates that the majority of India’s population lacks access to quality healthcare, and this shortage was exacerbated by COVID-19.
Solution and Impact
DFC-guaranteed loans to Portea Medical, an India-based home healthcare company founded in 2013, will help provide targeted healthcare services at a fraction of the cost of traditional care. While hospital ICU care can cost approximately $400 per day, Portea’s comparable home-based services are available at only $133 per day.
This commitment by DFC will help Portea reach more patients with technology-enabled care for diabetes, COVID-19, and prenatal care, while also creating high-quality healthcare jobs. Portea will use the DFC-guaranteed loans to expand its AI-based technology services and launch a health management platform for patients. Portea Medical also aims to make critical lab tests and medical equipment more accessible to elderly, mobility-limited, or otherwise homebound populations in India.