Checkmed

What Checkmed does

CheckMed Private Limited is an Indian B2B health-benefits platform founded in 2020 in Chandigarh, operating under a Private Limited structure. The company sells an OPD-first corporate health benefits product to employers, insurers, and TPAs, structured around the premise that a majority of in-patient department (IPD) hospitalisations are preventable through timely outpatient care. Its customer base spans Indian and multinational enterprises across banking (HDFC Bank, Standard Chartered, YES BANK, RBL Bank, Nainital Bank), insurance (ICICI Lombard, Care Health, Genworth, Liberty Insurance, Medi Assist), pharmaceuticals (Teva, West Pharma, Norstella, Agilent), manufacturing (JSW Steel, IFB, Blue Star, Emerson), and technology (Moloco, Aviatrix, PwC).

The product is delivered through a four-portal cloud architecture: a User Dashboard (web + iOS + Android) for employees and dependants, a Business Portal for HR administration, a Vendor Portal for hospitals/labs/pharmacies, and an internal Control Panel for CheckMed operations. These portals share a single encrypted data spine and expose APIs for HRIS, payroll, and underwriting integrations. Six service modules sit on top — multi-mode consultation (online/in-person/teleconsult), NABL-accredited lab tests, pharmacy delivery with auto-refills, on-site health camps, on-site staffed medical rooms, and structured chronic disease management programs. The platform is backed by a care network of approximately 8,000 doctors and 1,200+ diagnostic labs.

Revenue is generated through three streams: corporate subscription fees for employee health benefits (priced per team size with family-floater options, billed annually), insurer/TPA integration revenue tied to claims-reduction outcomes, and provider-network fees from hospitals, labs, and pharmacies on the platform. GTM is hybrid — enterprise field sales with demo-led conversion for larger accounts, combined with product-led self-service onboarding that enables corporates to go live within days. The company claims 250K+ lives covered across 200+ organisations, a 96% annual renewal rate, and a 40% reduction in healthcare costs for clients.

Name

Checkmed

Legal name

CheckMed Private Limited

Website

https://checkmed.in

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

CheckMed is an Indian B2B OPD-first corporate health benefits platform that connects employers, insurers, TPAs, hospitals, labs, pharmacies, and doctors through four integrated portals, selling subscription health benefits to corporates and insurer/TPA integrations to reduce preventable hospitalisations.

Ownership category

akta.pro rank

Product category

Corporate Health Benefits Platform

NAICS

Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292), Medical and Diagnostic Laboratories (6215)

SIC

Services-Health Services (8000), Services-Misc Health & Allied Services, Nec (8090)

akta.pro primary industry

Medication Adherence, Digital Therapeutics & Remote Coaching (condition-specific programs) (HLALAFAF)

akta.pro secondary industry

Clinical Document & Data Exchange (C-CDA, CCD, Direct Messaging) (HLACABAI)

Keywords

• Corporate health benefits
• Employee health platform
• Telemedicine services
• Preventive healthcare solutions
• Occupational health services

Headquarters

HQ city

Chandigarh

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Corporate Health Benefits Subscription: B2B subscription model where companies pay for employee health benefits coverage. Includes OPD consults, teleconsults, lab tests, pharmacy, and wellness services. Family floater options available for dependants. Pricing varies by team size and selected benefit tiers.
2. Insurance Integration Revenue: Revenue from insurers and TPAs who use CheckMed to reduce claims by routing employees to OPD care before hospitalisation. Engages group insurers through prevention-first platform that helps price risk better.
3. Provider Network Fees: Fees from healthcare partners (hospitals, labs, pharmacies) who join the network to receive steady patient flow, digital workflow, and reliable settlements.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

CheckMed is an OPD-first corporate health platform that combines outpatient (OPD) consults, teleconsultation, lab tests, pharmacy delivery, and preventive wellness into one integrated stack for corporate employees and their families. The platform is built around four purpose-built portals — User Dashboard, Business Portal, Vendor Portal, and Control Panel — that share a single encrypted health record and connect corporates, employees, insurers/TPAs, and a care network of 8,000+ doctors and 1,200+ diagnostic labs. Its core mission is to prevent expensive in-patient department (IPD) admissions by enabling early intervention and continuous care coordination.

Product overview

CheckMed is an OPD-first corporate health platform built as a unified platform-plus-portals architecture. The core platform connects four purpose-built portals — User Dashboard (web + iOS + Android apps for employees/retail), Business Portal (HR admin workspace), Vendor Portal (partner care-network management), and Control Panel (CheckMed's internal operations centre) — sharing a single encrypted data spine. These portals deliver six integrated service modules: Consultation (multi-mode: online, in-person, teleconsult), Lab Tests (NABL-accredited, home or centre), Pharmacy (prescription delivery with auto-refills), Health Check-up Camps (on-site preventive screenings), Medical Room (on-site staffed clinic), and Disease Management (1:1 chronic-care programs). The platform also connects an external care network of hospitals, labs, pharmacies, doctors, insurers, and TPAs, positioning itself as a prevention-first alternative to reactive group health insurance.

Differentiator

Problem solved

Functional benefit

Products and services

• User Dashboard Web portal and native iOS/Android application providing OTP-secured access to teleconsults, OPD visits, lab bookings, pharmacy, and encrypted health records with family profiles for corporate employees and retail members.
• Business Portal Admin workspace for HR teams and corporates to onboard employees, configure benefit plans and eligibility, and monitor real-time utilisation, engagement, and wellbeing dashboards with exportable reports.
• Vendor Portal Partner workspace for hospitals, labs, and pharmacies to receive patient referrals, manage services and availability, maintain digital case notes, and track claims and settlements.
• Control Panel CheckMed's internal command centre for configuring services, plans, and solutions; onboarding corporates, vendors, and members; and monitoring operations and SLAs in real time with role-based access and full audit trail.
• Consultation Multi-mode doctor consultation covering scheduled online video appointments, in-person clinic visits, and on-demand teleconsults via audio or chat, available 24/7 with digital e-prescriptions, free follow-ups, and referrals to labs and pharmacy.
• Lab Tests NABL-accredited diagnostic testing with free home sample collection or walk-in centre visits, delivering digital doctor-reviewed reports within approximately 24 hours, supporting individual tests and full-body packages.
• Pharmacy Prescription medicine delivery service with automatic prescription capture from consultations, genuine/verified medicines, live order tracking, and auto-refill reminders and subscriptions for chronic-care therapy.
• Health Check-up Camps On-site preventive health screening camps covering vitals, BMI, and doctor consults, with a private digital report for each employee and aggregate anonymised wellbeing insights for HR.
• Medical Room On-site staffed clinic setup at employer premises providing first aid, emergency response, day-to-day OPD, vitals monitoring, teleconsult backup for specialists, and OHC-compliant records and incident logs.
• Disease Management Structured chronic-care programs assigning a dedicated 1:1 care manager to manage conditions including diabetes, hypertension, cardiac, thyroid, asthma/COPD, obesity, and mental health — with monitoring, medication support, lifestyle coaching, and periodic lab tracking.

Quantifiable outcome

• 60%+ of IPD claims are preventable with early OPD care
• +6 more outcomes

Named customers29 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Nine partnerships are on record, tiered core.

• CarePlus HospitalscoreStrategic or Co-development PartnerHospital network partner providing in-person consultation and treatment services within the CheckMed care ecosystem. Enables cashless hospital access for employees.
• PD PathLab DiagnosticscoreStrategic or Co-development PartnerDiagnostic lab partner offering NABL-accredited lab tests with free home collection. Provides digital doctor-reviewed reports within 24 hours.
• MedixPharmacoreStrategic or Co-development PartnerPharmacy partner providing genuine medicines with doorstep delivery. Integrated with teleconsult prescriptions for automatic ordering.
• AssureHealthcoreStrategic or Co-development PartnerHealthcare partner contributing to the care network ecosystem with services integrated into the CheckMed platform.
• VLVitalScan LabscoreStrategic or Co-development PartnerDiagnostic lab partner offering lab testing services with home and centre visit options. Part of 1,200+ lab network.
• ClinicNetcoreStrategic or Co-development PartnerClinic network partner providing in-person doctor consultations across the network. Part of 8,000+ doctor network.
• HealQcoreStrategic or Co-development PartnerHealthcare partner integrated into the CheckMed platform for coordinated care delivery across the network.
• Reliv InsurancecoreStrategic or Co-development PartnerInsurance partner enabling coverage integration and claims coordination within the CheckMed platform ecosystem.
• Insurers & TPAscoreStrategic or Co-development PartnerInsurance companies and Third Party Administrators who integrate with CheckMed to reduce claims through early symptom routing and OPD-first care.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Onsurity: Employee health benefits and group health insurance platform for Indian SMEs and enterprises, including OPD, teleconsult, and wellness. Comparable in target buyer (SME HR teams) and B2B health benefits positioning.
• Practo: Doctor consultation and healthcare platform with an enterprise/employee benefits arm serving corporates with teleconsults, online bookings, and digital health records. Overlaps CheckMed's user dashboard, teleconsult, and lab-booking modules.
• MediBuddy: India's largest corporate health benefits platform offering teleconsults, lab tests, pharmacy, and OPD coverage to enterprise customers. Directly competes with CheckMed across the same buyer (HR/finance) and same modular health benefits stack.
• Plum: Employee health insurance and benefits platform serving Indian employers, with group health, OPD, and wellness integrations. Comparable corporate buyer profile and benefits administration overlap with CheckMed's insurer/TPA model.
• ekincare: Corporate health and wellness platform providing OPD benefits, teleconsults, health check-ups, and wellness programs to Indian employers. Most directly comparable as a B2B health benefits platform focused on workforce health outcomes.
• Medi Assist: India's largest TPA managing group health insurance claims and corporate health benefits. Already a CheckMed partner/listed customer, and a key distribution channel and direct comparator for benefits administration and claims coordination.

Emerging players

• HealthifyMe: Corporate wellness and chronic-condition coaching platform serving Indian enterprises. Comparable in the disease management / wellness segments of CheckMed's offering and shares the same B2B HR buyer.
• Proactive For Her: Digital health platform offering teleconsultations, lab tests, and condition-specific care packages to consumers and corporates in India. Comparable on teleconsult and lab modules but narrower in scope and not focused on full OPD-first benefits.

Broad incumbents

• PharmEasy: Major e-pharmacy and diagnostics aggregator with B2B and consumer offerings. Comparable on the pharmacy and lab-test modules of CheckMed's platform but at significantly larger scale and broader consumer orientation.
• Tata 1mg: Large incumbent in online pharmacy, diagnostics, and teleconsults with growing enterprise health offerings. Comparable modules (pharmacy, labs, consultation) but operates as a broad consumer and B2B platform rather than focused on OPD-first prevention.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/home
• Facebookfacebook.com/checkmedapp

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Checkmed