Easy access to primary healthcare is critical for early detection and treatment of health issues. Primary care is best given by groups of primary care professionals who work together to coordinate care. However, in Sub-Saharan Africa, universal access to such care is limited.
Digital healthcare platforms have a significant chance to expand access to team-based care across the area. They have the potential to lower the cost of high-quality care while improving health outcomes, reach patients in rural locations, and relieve strain on established medical support systems.
Such forums have grown in popularity around the world as a result of the pandemic, and Africa is no exception. With its telehealth service, a new platform based in South Africa hopes to provide Africans with affordable, high-quality care. To that end, it has closed a $3 million pre-Series A investment.
Webrock Ventures is a venture-building investment firm situated in Stockholm, Sweden. So, in essence, the firm joins with Swedish IT companies and creates portfolio businesses by combining its cash with the companies’ business concepts. It does so while still owning a significant portion of the company.
Since the beginning of the epidemic, global telehealth investments have soared, increasing by more than 50%. With several of the world’s fastest-growing economies, investors and businesses are increasingly looking to Africa as a significant growth market for services in high demand.
A entirely new opportunity is created by forging a new alliance. Healthforce can use its current position to bring Doktor.se’s core technology to a new direct-to-patient market. Webrock, a willing investment machine set up to scale the platform, is in the backdrop.
The new company will use a freemium model to target the uninsured B2C market. On-demand and planned consultations with nurses, general practitioners, and mental health specialists are available through the site. It will be integrated with Healthforce’s broader primary care offering and will provide chronic care management.
The healthcare market in Sub-Saharan Africa is estimated to be worth $90 billion. However, health insurance coverage in Sub-Saharan Africa is in the single digits (percentage-wise), with the exception of South Africa, which has 16 percent coverage. According to Kornik, the three parties aim to handle a big amount of the problem and are in agreement on how Africa’s healthcare system should look if it succeeds.
“This is a pure-play healthcare provider company. We will deliver high-quality healthcare at low cost to 75 million people through telemedicine through this pan-African enterprise, literally placing healthcare in the palm of their hands,” stated Saul Kornik, co-founder and CEO of Healthforce.