Globe’s 917Ventures announced that it expects its portfolio company, telemedicine provider KonsultaMD, to follow the footsteps of sister company Mynt in the coming years.
In a virtual discussion held on November 10, the Globe affiliate shared that it is bent on growing health tech services in the country, given the rising demand for remote medical access because of convenience, affordability, and safety.
“We’ve had high hopes for KonsultaMD even before the pandemic. We saw it as a way to address the pain points in Philippine healthcare, which was suffering from a lack of healthcare professionals, inadequate health infrastructure, and limited accessibility, not to mention the high cost of medical consultation,” said Vince Yamat, 917Ventures Managing Director.
He added: “People were wary of using the service before as they are used to traditional face-to-face consultations, but with the pandemic, things have changed. Telehealth has become an important innovation that will stay and evolve.”
Less than two years into the global health crisis, medical consultations through the KonsultaMD app already skyrocketed to 1,549% versus pre-pandemic. Likewise, the service has reached over one million members who enjoy 24/7 unlimited access to licensed doctors via voice or video call for as low as P60 a month.
“Our situation has taken away the reluctance of many Filipinos to try telehealth services. People are looking for ways to stay safe from the virus while our hospitals are overwhelmed with patients. KonsultaMD has become a platform that connects Filipinos to much-needed medical consults for non-emergency cases,” said Cholo Tagaysay, CEO of KonsultaMD.
Tagaysay is confident that even after the pandemic, the public’s behavior of consulting with a doctor via voice or video will remain if the current trend is an indication. He noted that even when COVID-19 cases subsided early this year, teleconsults continued to grow as people realized the advantages of using the service and going digital.
Aside from being affordable, safe, and convenient, teleconsultation encourages the practice of raising medical concerns while they are still at an early stage instead of waiting until the condition worsens. KonsultaMD members can consult with doctors specializing in different fields — from general medicine, family medicine, obstetrics and gynecology, pediatrics, rehabilitation medicine, mental health support (counseling and psychotherapy), psychiatry, dermatology, ophthalmology, dentistry, ENT, and surgery.
Likewise, KonsultaMD provides digital management of health consultation records and issuance of medical documents such as e-prescriptions, e-laboratory requests, e-referrals, and e-medical certificates.
917Ventures, as Globe’s corporate venture builder, plays a significant role in the company’s journey to becoming a digital solutions group. It is set to participate in the Philippine Startup Week from Nov 15 – 19 to share learnings and developments among their different ventures within the startup community. The company is also looking for talents and startups who may want to be part of the country’s biggest corporate venture builder.
Aside from GCash and KonsultaMD, other portfolio companies under 917Ventures are online grocery shopping platform Purego, loyalty and e-commerce solution RUSH, end-to-end digital advertising agency AdSpark, primary care aggregator HealthNow, multi-channel communication services m360, and self-service AI-powered merchant dashboard Inquiro. 917Ventures also has investments in online learning platform Edventure, fan marketplace Fanlife, online IT bootcamp KodeGo, and online seller platform BentaTV.
The Globe Group strongly supports the United Nations Sustainable Development Goals, particularly UN SDG No. 9, highlighting the roles of infrastructure and innovation as crucial drivers of economic growth and development. The company also champions the UN Global Compact principles and contributes to 10 UN Sustainable Development Goals.
For more information about 917Ventures, visit https://917ventures.com/.
Satisfy your cravings with these best-selling Nanyang drinks
September 15, 2023 3:30 p.m.
Nanyang isn’t only known for its Laksa Prawn, Cheesy Chicken Chop Noodles and Singapore’s best selling Hainanese Chicken Rice and Kopi.
It also has several best-selling drinks to whet your appetite and satisfy your sweet tooth, such as Iced Teh Melaka, Kopi Jelly Milk Tea, Milo Dinosaur and Kopi O.
Head over to your nearest Nanyang branches nationwide.
USA back on top; Germany takes Top 3 spot in FIBA World Ranking
September 15, 2023 1:28 p.m.
MIES (Switzerland) – The recent completion of the prestigious FIBA Basketball World Cup 2023 has produced some eye-catching positive climbs in the latest FIBA World Ranking Men, presented by Nike.
USA reclaim pole position with 786.6 points after benefiting from their consistency at major tournaments over the last three summers. Finishing in fourth place at the FIBA Basketball World Cup where they outperformed former number one nation Spain, their run to the Semi-Finals came off the back of winning an Olympic title at Tokyo in 2021 and also taking bronze at the FIBA AmeriCup 2022.
Recently crowned FIBA Basketball World Cup 2023 champions Germany have another slice of history to enjoy as they step into the top three of the rankings for the very first time after moving up a massive eight places and onto 759.7 points. Their stunning success made all the more incredible because of the fact they made the journey to the top step of the podium without tasting defeat.
Canada also have another reason to celebrate too, with their maiden FIBA Basketball World Cup medal fueling an even bigger rise of nine spots. They now occupy sixth position with 745.5 points.
Serbia performed in outstanding fashion to make the title game and their second-placed finish gave their fans something to be proud of. Those supporters can also now enjoy and reflect on their country being a top five nation again as they move up a place and into fifth position on 755.6 points.
Meanwhile, when it comes to the scale and impact of climbing the rankings in the upper echelon, nobody can match Latvia. They have rocketed up a staggering 22 places and into the top 10 after their heroic underdog displays which ensured they took fifth place at the FIBA Basketball World Cup. They now sit in 8th position on 743.7 points.
There were many other teams who impressed at the flagship event, including Brazil who recorded three wins in five games and moves up a place into 12th in the rankings on 660.5 points. The Americas region can also boast a nice move upwards of five places into 16th for Puerto Rico on 611.1 points, while Dominican Republic rise six spots into 18th place on 561.9 points.
There were also notable improvements for Georgia who move up 10 positions and into 23rd on 465.9 points, Japan jump 11 spots to 26th on 432.2 points and Lebanon claim an uplift of 16 places into 28th on 423.3.
One nation that truly made everyone sit up and take notice at the FIBA Basketball World Cup 2023 were first-timers South Sudan. They made history by beating China to claim a first win at the event, then pushing on to beat the Philippines and Angola. This has resulted in a sensational climb of 32 spots in the rankings. They now find themselves in 31st place with 375.5 points.
For more information about the method used in the calculation of the FIBA World Ranking Men, please refer to the “How It Works” section.
Click here to view the full FIBA World Ranking Men, presented by Nike.