Federada Salud

What Federada Salud does

Federada Salud, legally MUTUAL FEDERADA 25 DE JUNIO SPR, is an Argentine mutual benefit society (Sociedad de Protección Recíproca) founded in 1963 by agricultural producers in Rosario, Santa Fe. It operates as the first mutual health organization representing Argentine agriculture and now serves more than 150,000 associates nationwide. The company is registered with the Superintendencia de Servicios de Salud under RNEMP 1158 and operates simultaneously as an obra social (Leyes 23.660/23.661) and a medicina prepaga (Ley 26.682), governed by an elected Consejo Directivo and overseen by a Junta Fiscalizadora.

The core product is a tiered portfolio of six health plans — Plan 1000, Plan 2000, Plan 3000, Plan 4000, Plan Joven, and Plan Familia — that differ in provider network depth, reimbursement rates, and target member segment. The technology stack is built around the Dr. Federada mobile app and a web-based Canal Asociados portal, with digital credentials, three-digit token-based authorization, a searchable Cartilla Médica directory, and since 2020 the Sanatorio Virtual telemedicine service. Adjacent operations are run through wholly-owned subsidiaries: Federada Turismo (travel agency), Federada Servicios Financieros (loans, Cuenta+ remunerated account, investments, MODO wallet integration), Federada Vacunatorio (vaccination), Federada Farmacia (pharmacy), Federada Seguros (insurance), and Fundación Federada (non-profit health-promotion programming). Telemedicine is via the Dr. Federada app on iOS and Android; payments are processed via Fiserv and financed with Banco Macro; member service runs over WhatsApp Business and contact-center telephony.

The revenue model is predominantly recurring monthly subscriptions to the health plans, billed in advance for voluntary members and in arrears for employer-linked mandatory members, with additional transaction-based revenue from pharmacy, copayments, and tourism, plus professional-services revenue from financial products. Distribution is hybrid: a dense physical network of 35 proprietary offices and 212 agencies reaches individual members, while a dedicated corporate service channel (cobertura.federada.com/corporativo) and the agent/advisor portals reach employer groups and sales partners. As a member-owned mutual, Federada has no external shareholders, no disclosed private-equity or venture capital, and no parent company; ownership resides with the associates themselves.

Name

Federada Salud

Legal name

MUTUAL FEDERADA 25 DE JUNIO SPR

Website

https://federada.com

Company type

Private

Founded year

1963

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Federada Salud is an Argentine mutual health society founded in 1963 that provides tiered health plans (Plan 1000–4000, Joven, Familia) plus telemedicine, pharmacy, tourism, financial, vaccination, and insurance services to more than 150,000 members nationwide through 35 offices and 212 agencies.

Ownership category

akta.pro rank

Product category

Health Insurance

NAICS

Direct Life, Health, and Medical Insurance Carriers (52411), Health and Welfare Funds (525120), Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292)

SIC

Hospital & Medical Service Plans (6324), Services-Membership Organizations (8600)

akta.pro primary industry

Managed Care Entity Administration for Medicaid (MCO/PHP/PIHP/PAHP) (HLAEAEAJ)

Keywords

• Health insurance plans
• Prepaid medical coverage
• Telemedicine services
• Mutual health organization
• Pharmacy benefits

Headquarters

HQ city

Santa Fe

HQ country

Argentina

HQ region

Latin America

Offices9 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Health Plan Membership Fees: Monthly subscription fees charged to members for medical coverage under various plan tiers (Plan 1000, 2000, 3000, 4000, Joven, Familia). Voluntary members pay in advance (mes adelantado) while mandatory/employer-linked members pay in arrears (mes vencido). Fees vary by age bracket and plan tier.
2. Copayments and Coseguros: Co-payments charged for certain medical services and procedures as defined by each plan's coverage terms
3. Financial Services: Additional revenue from financial services including personal loans, mortgage loans, time deposits, and remittance services offered to members through Federada Servicios Financieros
4. Tourism Services: Travel agency services including hotel bookings, flights, travel assistance, and vacation packages offered to members and the public
5. Pharmacy Services: On-site and online pharmacy services for members with coverage benefits and pharmacy discount programs

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels8 records

Core offering

Federada Salud operates a mutual health insurance organization (Mutual Federada 25 de Junio SPR) offering tiered prepaid medical plans—Plan 1000, 2000, 3000, 4000, Joven, and Familia—to over 150,000 members across Argentina. The company delivers medical coverage through an extensive provider network (Cartilla Médica) supplemented by telemedicine (Sanatorio Virtual), pharmacy services, vaccination centers, wellness programs, and complementary services including tourism (Federada Turismo), financial services (Federada Servicios Financieros), and insurance (Federada Seguros). Distribution is hybrid across 35 proprietary offices, 212 agencies, digital channels (mobile app and Canal Asociados portal), and dedicated agent/advisor networks.

Product overview

Federada Salud operates as a comprehensive health coverage provider through its parent organization Mutual Federada 25 de Junio SPR, offering a portfolio of six tiered health plans (Plan 1000, Plan 2000, Plan 3000, Plan 4000, Plan Joven, Plan Familia) that provide progressively different levels of coverage, provider networks, and reimbursement rates. The core product ecosystem includes the Dr. Federada mobile app and Canal Asociados web portal for member self-service, digital credentials, and token-based authorization. Supplementary services include Sanatorio Virtual for telemedicine consultations, an extensive provider network (Cartilla Médica) covering professionals, institutions, and pharmacies nationwide, and the Zona Federada benefits program. Complementary service lines encompass Federada Turismo (travel), Federada Vacunatorio (vaccination), Federada Farmacia (pharmacy), Federada Seguros (insurance), and Federada Servicios Financieros (financial services including Cuenta+ banking product, loans, and investments). A wellness initiative (Programa de Promoción y Cuidado de la Salud) rounds out the offering. The company serves over 150,000 members with 680 employees across 35 offices and 212 agencies throughout Argentina.

Differentiator

Problem solved

Functional benefit

Products and services

• Health Plan Memberships Tiered prepaid health insurance plans offered by Federada to individuals and families: Plan 1000 (premium tier with maximum coverage, quality, and security), Plan 2000 (superior benefits with expanded medical directory and better reimbursements), Plan 3000 (intermediate coverage balancing consultations and procedures), Plan 4000 (essential services at most accessible price), Plan Joven (youth-oriented agility and simplicity), and Plan Familia (family-oriented coverage for household members). All plans include medical consultations, procedures, hospitalizations, emergencies, preventive care, and access to the Cartilla Médica provider network.
• Sanatorio Virtual Telemedicine service (Dr. Federada Virtual Sanatorium) enabling members to consult with doctors remotely from any location through video consultations via the Dr. Federada mobile app. Available to all plan members.
• Federada Farmacia Online and physical pharmacy service offering essential care products and medications to Federada members, with pharmacy discount programs and coverage benefits integrated into health plan offerings.
• Federada Vacunatorio Vaccination service with multiple centers providing routine immunizations, travel vaccines, flu vaccines, and dengue vaccines for associates and non-associates.
• Federada Turismo Institutional travel agency offering hotel bookings, flights, travel assistance, car rentals, and group tours with financing options (3 and 6 fixed installments) for members and the public across multiple Argentine regional offices.
• Federada Servicios Financieros Financial services subsidiary offering personal loans, monotax (autónomos) loans, business/company loans, fixed-term and pre-cancellable deposits, and Cuenta+ remunerated checking account with daily interest accrual, 100% fee-free operation, and MODO integration for promotions.
• Federada Seguros Insurance products and services offered as complementary coverage to Federada Salud's health plans, providing additional risk protection to members.
• Programa de Promoción y Cuidado de la Salud Health promotion and care program (PPS) launched in 2009 featuring Supersaludable theatrical performances for healthy-eating education in schools, the Federada va al Cole school program, and various health campaigns and community outreach initiatives.
• Experiencia Embarazo 360° Comprehensive pregnancy program (PMI) offering specialized support and coverage for expecting mothers, complementing standard health plan coverage with maternity-focused services.
• Zona Federada Supplementary benefits program designed to enhance members' comprehensive well-being beyond standard medical coverage, complementing the health plan offering.

Quantifiable outcome

• 150,000+ members served nationwide
• +2 more outcomes

Named customers1 record

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature4 records

Partnerships

Five partnerships are on record, tiered founding, core, minor and regulatory.

• Agricultural Sector OrganizationsfoundingOthersOriginal founding partner sector in 1963; agricultural producers in Rosario established Federada as the first mutual health organization representing Argentine agriculture
• Sanatorio AliarecoreStrategic or Co-development PartnerFeatured partner institution in the medical network; Sanatorio Aliare provides medical services to Federada members
• Banco MacrominorChannel Partner/ Reseller/ DistributorBanking partner for tourism financing services, offering 3 and 6 fixed-cuota financing with 5% and 10% interest rates respectively
• Asociación Civil SupersaludablecoreStrategic or Co-development PartnerNon-profit civil association collaborating on the Supersaludable educational program, using theatrical performances to teach healthy eating habits to school children
• Superintendencia de Servicios de Salud (SSS)regulatoryOthersRegulatory oversight body (organo de control) for obras sociales and prepagas; Federada operates under SSS authorization and regulation as RNEMP 1158

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Swiss Medical Group: Leading Argentine prepaga with vertically integrated provider network including own hospitals and clinics. Direct competitor to Federada in the voluntary prepaid health plan market, particularly for premium tiers and corporate accounts.
• Sancor Salud: Argentine mutual health organization with cooperative origins similar to Federada, providing tiered health plans nationwide. Direct peer in mutual/cooperative model, comparable member scale, and overlapping geographic presence.
• OSDE: Argentina's largest prepaid health plan (prepaga) with multi-million member base, operating across all provinces with its own provider network. Direct competitor offering tiered health plans to individuals, families, and corporate groups with overlapping product architecture to Federada.
• Medife: National Argentine prepaga offering individual, family, and corporate health plans with regional provider networks. Direct competitor to Federada across multiple plan tiers and geographies.
• Omint: Argentine premium prepaga offering tiered plans with strong corporate and individual positioning. Competes with Federada for higher-tier voluntary members and corporate group contracts in major urban centers.
• Galeno: Major Argentine prepaga offering tiered health plans plus owned sanatoriums, dental, and emergency services. Competes directly with Federada in individual, family, and corporate plan segments across Argentina.
• Accord Salud: Argentine prepaga offering tiered health plans with significant presence in Buenos Aires province and CABA. Direct competitor to Federada in voluntary plan segments with comparable product architecture.

Regional players

• Instituto de Seguros de Jujuy: Provincial-level health insurance entity operating with a mutual/cooperative structure similar to Federada. Comparable mutual-style health plan administration model in a more geographically restricted operating area.
• Prevención Salud: Argentine health plan with strong corporate and occupational health focus, originating from ART (workers' compensation) insurance. Comparable prepaga-adjacent offering with corporate channel strength overlapping Federada's employer group business.

Emerging players

• Hospital Italiano de Buenos Aires (Plan de Salud): Vertically integrated health plan tied to Hospital Italiano's own provider infrastructure, offering closed-network plans in Buenos Aires. Comparable prepaid health plan model with stronger digital integration, competing in urban premium segments where Federada is less entrenched.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/FederadaSaludOficial
• Instagraminstagram.com/federadasf
• Xx.com/federadasalud
• LinkedInlinkedin.com/company/federada-salud

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Federada Salud