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Portea to expand in the next 18 months to 100 cities, to hire 4,000 people to support its growth

Our Bureau, Bengaluru
Tuesday, December 7, 2021, 16:40 Hrs  [IST]

Portea Medical, India’s largest outside of hospital consumer healthcare company, has witnessed 30% growth in revenue during this fiscal year and expanded from 22 to 34 cities in the last 2 months. The company is working towards increasing its presence to 50 and 100 cities by March 2022 and 2023, respectively. It recently secured a $7.7 million commitment from the United States International Development Finance Corporation (DFC).

The home health care provider has experienced an increased demand for higher complexity services at home in recent times. The company managed 6854 critical care patients at home between Jan 2019 and July 2021, out of which only 7.51% of patients required re-hospitalization, a remarkable figure against the US average of 16%. Out of 1788 patients on respiratory device support, 48% were weaned off and out of 2815 tracheotomized patients, 20.1% were successfully de-cannulated.

Speaking about this, Meena Ganesh, MD, co-founder and chairperson, Portea Medical, said, “The pandemic brought about a huge change in the way the government and regulators look at home healthcare, offering a huge tailwind for our business. Portea has been at the forefront in the battle against the pandemic as well as ensuring quality and consistency of care to other critical patients who need home management including long-term ventilator support, etc. Not only does this help free beds in hospitals for those who need them but also makes care more personalized and cost-effective. Our strategic vision for 2023 and beyond is to take our digital-first healthcare services to more people and cities apart from using automation and other technologies for better consumer-centric care.”

The pandemic with a three-pronged approach is looking to  transform current business with digital adoption for improved  patient experience, drive rapid  geographical expansion and focus on  hybrid IoT led delivery models, Data Analytics. The company is expecting a three times increase in monthly patients, and high growth in subscription plans by March 2023.

The company has catered to over 1 million patients in their home environment offering an extensive range of services for chronic diseases, elderly care, post-surgery care, diabetes management, chemotherapy at home, and other diseases or injuries requiring long-term care.

 

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