We don’t have a sound mechanism to collect data on the benefits our partners receive from our membership. From limited data, we could gather that our members collectively availed of Rs. 6,93,644.00 in 2018-19 as a discount from four centres. In comparison, in 2019-20, the concrete figures obtained from Ayursundra (diagnostic division) showed members availed of Rs. 12,00,000 in the form of a discount. From 2020 to 21, we reported that Excel Healthcare Hospitals served 112 of our members.
In 2021-22, data from only nine partners showed that our members availed of a rebate of ₹ 3,374,905 (estimated). In the current year, we have received information from 15 partners, which has only been completed up to December 2022 from a few. We collect the information as comprehensively as possible to build a complete picture. We have about 50 partners (diagnostic centres, hospitals, clinics, opticians, dentists, and pharmacies), and our members’ savings in out-of-pocket medical expenses would be substantially higher.
BENEFITS AVAILED OF BY MEMBERS (PARTIAL LIST) 2022-23 |
Diagnostics/Hospitals |
Patient |
Amount of Rebates |
Panacea |
365 |
₹ 463,970.00 |
Assam Health Care Diagnostics |
324 |
₹ 276,964.00 |
Primus |
210 |
₹ 550,490.00 |
SRL Diagnostics |
95 |
₹ 233,770.00 |
Apollo Clinic |
15 |
₹ 110,000.00 |
Reliance Med Lab |
1 |
₹ 300.00 |
Medishade |
10 |
₹ 15,000.00 |
Vivan Diagnostic |
2 |
₹ 2,000.00 |
Friends Optical |
5 |
₹ 11,000.00 |
Down Town Hospital |
12 |
₹ 125,750.00 |
Nemcare Hospital |
35 |
₹ 350,000.00 |
Marowari Metarnity Hospital |
3 |
₹ 7,500.00 |
Swasti Hospital (Rangia) |
7 |
₹ 56,000.00 |
Swagat Hospital |
4 |
₹ 40,000.00 |
Total |
1088 |
₹ 2,242,744.00 |
The cooperative’s core strength is its beneficiaries, and the enrolment of beneficiaries is its core strategy.
The beneficiary enrolled in 2022-23 was 1056 (compared to 750 in 2021-22) with a revenue collection of ₹ 425,950.00 (compared to ₹ 376,300 in 2021-22). Thus, at the end of the period, our total beneficiary members stand at just over 7,806.
We are not actively selling shares. Still, we had eleven new shareholders during the period (Total: 265), raising a share capital of ₹ 165,000.