AyushPay

Happy to share that I'll be taking a masterclass on "M&A and Turnaround Strategies for Healthcare Facilities"! Details as follows: Date & Time: September 28th 2024 Saturday | 4:00 PM - 5:00 PM (IST) Location: Virtual Masterclass Reference: https://lnkd.in/gqGAzAMj Register here: https://lnkd.in/gAVYZMQv #ayushpay #healthcareindustry #masterclass #turnaroundstrategies #hospitalturnaround AyushPay | Nimith Agrawal | Vivek Kapoor | Aanchal Dewan | Neer Samtani | Amit Kukreja | payal thakkar | Healthcare Continuum

We’re looking for dynamic Customer Success Executives in AyushPay!   More details of the envisaged role are as follows:   #Number of vacancies: Three. #Designation: Customer Success Executive #Type: full-time employment. #Role: Your responsibility will be to ensure customer satisfaction and conversion by providing exceptional support and proactive engagement. Build strong relationships, address customer queries, and help customers maximize the value of our products/services. Collaborate with internal teams to resolve issues and identify opportunities for growth. #Location: Gurugram (Corporate office). #Qualifications: Bachelor’s degree in business management, Commerce, or a related field with Strong knowledge of healthcare industry business dynamics, hospital operations, and financial products for the industry. #Experience: 3+ years of experience in B2B inside sales, preferably in the healthcare, financial services, or lending industry. #Preferable: from Insurance or Healthcare Fintech #Compensation: Best in the industry. #Requirement: Immediate joiner.   Eligible candidates are requested to please send their resumes to amit.kukreja@ayushpay.com   #ayushpay #alliancesandpartnerships #providernetwork #fintech #healthtech #jobs   AyushPay | Nimith Agrawal | Vivek Kapoor | Aanchal Dewan | Neer Samtani | Amit Kukreja | payal thakkar | 

Working capital management: a major challenge for growth in hospitals!   As per various studies, hospitals on average have a working capital availability of just 19 days. This leads to major complications in cash flow management including payout of salaries, vendor payments and other administrative and statutory compliance expenses.   Most tertiary or quaternary care hospitals have credit business (insurance, TPAs, Ayushman Bharat, ECHS, CGHS, ESI or state government health schemes) to the tune of 30-50% of their topline, sometimes even more. More than a month of their topline is locked in credit business. Add to this the burden of unexpected deductions and rejections.   The love-hate relationship with credit business is a sad reality in the healthcare facilities – most have made peace with it. This reminds me of the famous Hindi movie dialogue: put him in liquid oxygen - the liquid will not let him live and the oxygen will not let him die 🥺😫   The payout from these credit business payers is highly inefficient, leading to accumulation of large accounts receivable (ARs). The aging of these ARs could run as high as three years in many hospitals and some of them become bad debt/ NPA overtime, putting further stress on meagre working capital.   The average bed occupancy across the country is around 56%. Most hospitals therefore have immense spare capacity. Accepting credit business ensures better asset utilization (beds, ICUs, diagnostics, pharmacy & other value-added services). This ensures incremental revenue and better EBITDA margins at marginal costs while your fixed costs remain mostly constant (with some increase in variable costs).   Working capital management therefore becomes a nightmare for most CEOs/ P&L heads, especially hospitals with limited free cash flow or large consistent EBITDA margins. You can hardly think of growth, building capacity or expansion amidst all this. Affordable finance is the only viable solution.   Solving working capital management woes of hospitals therefore can unlock growth opportunities, thus leading to better revenues and EBITDA margins.   #ayushpay #fintech #healthtech #affordablehealthcare #medicalloans   AyushPay | Nimith Agrawal | Vivek Kapoor | Aanchal Dewan | Neer Samtani | Amit Kukreja | payal thakkar |

AyushPay has been recognised by Inc42 Media! Affordable finance has always been a major challenge for Indian patients. AyushPay is trying to bridge this healthcare divide with its unique bouquet of innovative products and services with an eye on reducing the financial burden on patients seeking good quality of treatment.   A liver transplant today can cost anything between INR 18 and 36 lakhs, proton therapy around INR 30 lakhs and a heart or lung transplant around INR 30-40 lakhs. CAR T-cell therapy in India costs around Rs 40 lakh. Chronic conditions or major post operative complications can further queer the pitch for a family, when bills could mount exponentially overnight.   It’s a war, no less in gravity than the ongoing conflicts globally with equally destructive potential!   Full modality cancer treatments, other organ transplants and major surgeries are equally expensive, leaving little room for financial maneuvering in case of a dire need.   Total healthcare expense in India is around $88 billion (treatments), 47% of which is Out of Pocket (OOP), which is abysmally higher than the OECD countries’ average of 20%. This is a huge burden on the hapless patients and drives many families into bankruptcy every year.   Two thirds of our population still live in rural areas and have little or no access to basic healthcare delivery. Add to this the burden of OOP. Many families eschew treatment when a major ailment is detected for fear of bankruptcy. It’s a nightmare. I’ve personally seen many families suffer. I've tried to help many, but that's like a drop in the ocean.   We in AyushPay are trying to solve this major challenge for a major part of our population, especially for those who are either totally uncovered by insurance or partially covered (low sum insured). Partnering with good providers completes the dynamic care loop.   Thanks Inc42 Media for recognizing us for our modest accomplishments and including us in your list of 50 iconic Indian startups: https://lnkd.in/gVhViFPJ   We feel privileged and motivated.   Sincere gratitude to my alma mater Indian Institute of Management Ahmedabad that prepared us to handle large organisations and raising innovative startups. What we learnt there has been invaluable, not to mention the fantastic grooming and inculcating exceptional leadership qualities from the Indian Army.   The fabulous contribution of my accomplished co-founders Nimith Agrawal and Vivek Kapoor cannot be overemphasized in earning this singular recognition. It's exciting to be part of the ongoing healthcare revolution sweeping the country!   Watch this space for more in the coming weeks and months!   #ayushpay #iimahmedabad #ink42media #fintech #healthtech #medicalloans   AyushPay | Inc42 Media | Nimith Agrawal | Vivek Kapoor | Aanchal Dewan | Neer Samtani | Amit Kukreja | payal thakkar | 

Join our team!   We’re currently looking for the following role in AyushPay:   #Number of vacancies: Two. #Type: full time employment. #Designation: Healthcare Lending - Business Development Manager. #Role: Your responsibility will be to increase our market presence and enhance our portfolio by building and maintaining strong relationships with hospitals and healthcare providers, promoting both institutional lending to hospitals and patient financing solutions (by acquiring new partnerships and deepening the existing ones). #Location: Gurugram (Corporate office). #Qualifications: Bachelor’s degree in business management, Commerce, Engineering or a related field (MBA preferred) with Strong knowledge of healthcare industry business dynamics, hospital operations, and financial products for the industry.  #Experience: 3+ years of experience in B2B sales or business development, preferably in the healthcare, financial services, or lending industry. #Preferable: from Insurance or Healthcare Fintech (good exposure in lending services providers or lending business management firms). #Compensation: Best in the industry. #Requirement: Immediate joiner.   Eligible candidates are requested to please send their resumes to neer.samtani@ayushpay.com   #ayushpay #alliancesandpartnerships #providernetwork #fintech #healthtech #jobs   AyushPay | Nimith Agrawal | Vivek Kapoor | Aanchal Dewan | Neer Samtani | Amit Kukreja | payal thakkar |

We’re looking for driven, inquisitive interns in AyushPay!   If you’re looking for #internship with immense learning potential in a fast-paced startup, we’re looking for you.   Currently we have the following internship roles open:   1. Hospital alliances and partnership role (two vacancies) - preferably a graduate in healthcare management or experience in the insurance/ Fintech industry (management of the provider network). 2. ⁠EA to founder (one vacancy) - preferably with healthcare/ insurance/ FinTech industry background. 3. ⁠Data analyst (one vacancy) with good skills at spreadsheet/excel and data management.   All the roles will be based out of our corporate office in Gurugram, and a suitable stipend will be paid for the same.   Please send your resume to payal.thakkar@ayushpay.com #internships #ayushpay #heathcareindustry     AyushPay | Nimith Agrawal | Vivek Kapoor | Aanchal Dewan| Neer Samtani | Amit Kukreja | payal thakkar| 

AyushPay is a health-focused FinTech company on a mission to make healthcare accessible for all in India.   We plan to partner with over 10,000 hospitals across India to address a wide range of medical needs, ensuring financial barriers don't prevent you from getting the care you deserve.   Over 70% of India lacks adequate health insurance, and that's why we offer zero cost* medical loans to make healthcare more accessible and affordable for all.   AyushPay - revolutionizing healthcare payments for healthier, stress-free future for every Indian! #affordablehealthcare #ayushpay #medicalloans #nocostloans #healthcarefinance   AyushPay | Nimith Agrawal | Vivek Kapoor | Aanchal Dewan| Neer Samtani | Amit Kukreja | payal thakkar| 

Happy Doctor's Day & Chartered Accountant's Day! Today at AyushPay, on Chartered Accountant's and Doctor’s Day '24, we extend our deepest gratitude to our dedicated physicians and accountants. Their unwavering commitment and dedication form the backbone of our healthcare mission. We appreciate their tireless efforts in advancing patient care and their pivotal role in shaping the future of healthcare delivery. Keep rocking. You make us proud! #ayushpay #NationalDoctorsDay #happycharteredaccountantsday #acaday #DoctorsDay2024 #ThankADoctor #HealthcareHeroes #MedicalMinds ............................................................................................................................................................. AyushPay | Nimith Agrawal | Vivek Kapoor | Aanchal Dewan | Neer Samtani | Amit Kukreja | payal thakkar