* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, September 7, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    The Secret to What Made ‘CarJack’ Work on As the World Turns – yahoo.com

    The Surprising Secret Behind ‘CarJack’s’ Success on As the World Turns

    Victor Garber on his viral “And Just Like That” toilet scene: ‘I was delighted to be doing something ridiculous’ (exclusive) – yahoo.com

    Victor Garber on his viral “And Just Like That” toilet scene: ‘I was delighted to be doing something ridiculous’ (exclusive) – yahoo.com

    Pendulum Announce Homecoming 2026 Australian Tour – yahoo.com

    Pendulum Announces Thrilling Homecoming Tour Across Australia in 2026

    ITV Studios Launches New Entertainment Label – Global Bulletin – IMDb

    ITV Studios Unveils Exciting New Entertainment Label

    TS Entertainment bringing Malibu Jack’s to former Owensboro mall – Lane Report

    TS Entertainment Launches Malibu Jack’s at Former Owensboro Mall Location

    Jenny Han Dropped a Major ‘The Summer I Turned Pretty’ Easter Egg Revealing [SPOILER] – yahoo.com

    Jenny Han Just Unveiled a Huge ‘The Summer I Turned Pretty’ Easter Egg That Changes Everything [SPOILER]

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Health Technology Ecosystem – Centers for Medicare & Medicaid Services | CMS (.gov)

    Discover the Future of Health Technology: Innovations Revolutionizing Patient Care

    Coherent Joins LLNL’s STARFIRE Diode Technology Working Group to Advance Inertial Fusion Energy – GlobeNewswire

    Coherent Partners with LLNL’s STARFIRE Team to Drive Breakthroughs in Inertial Fusion Energy

    Gene Associated With Deadly Heart Disease in Golden Retrievers Identified – Technology Networks

    Breakthrough Discovery Uncovers Gene Behind Deadly Heart Disease in Golden Retrievers

    Monkey Island LNG Picks ConocoPhillips’ Liquefaction Technology – Hart Energy

    Monkey Island LNG Selects ConocoPhillips’ Advanced Liquefaction Technology for Next-Gen Energy Solutions

    Credo Technology Group Holding Ltd. (CRDO) Surpasses Q1 Earnings and Revenue Estimates – Yahoo Finance

    Credo Technology Group Surpasses Q1 Earnings and Revenue Expectations

    The Economist is hiring a science and technology correspondent – The Economist

    Exciting Opportunity: Become Our Next Science and Technology Correspondent!

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    The Secret to What Made ‘CarJack’ Work on As the World Turns – yahoo.com

    The Surprising Secret Behind ‘CarJack’s’ Success on As the World Turns

    Victor Garber on his viral “And Just Like That” toilet scene: ‘I was delighted to be doing something ridiculous’ (exclusive) – yahoo.com

    Victor Garber on his viral “And Just Like That” toilet scene: ‘I was delighted to be doing something ridiculous’ (exclusive) – yahoo.com

    Pendulum Announce Homecoming 2026 Australian Tour – yahoo.com

    Pendulum Announces Thrilling Homecoming Tour Across Australia in 2026

    ITV Studios Launches New Entertainment Label – Global Bulletin – IMDb

    ITV Studios Unveils Exciting New Entertainment Label

    TS Entertainment bringing Malibu Jack’s to former Owensboro mall – Lane Report

    TS Entertainment Launches Malibu Jack’s at Former Owensboro Mall Location

    Jenny Han Dropped a Major ‘The Summer I Turned Pretty’ Easter Egg Revealing [SPOILER] – yahoo.com

    Jenny Han Just Unveiled a Huge ‘The Summer I Turned Pretty’ Easter Egg That Changes Everything [SPOILER]

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Health Technology Ecosystem – Centers for Medicare & Medicaid Services | CMS (.gov)

    Discover the Future of Health Technology: Innovations Revolutionizing Patient Care

    Coherent Joins LLNL’s STARFIRE Diode Technology Working Group to Advance Inertial Fusion Energy – GlobeNewswire

    Coherent Partners with LLNL’s STARFIRE Team to Drive Breakthroughs in Inertial Fusion Energy

    Gene Associated With Deadly Heart Disease in Golden Retrievers Identified – Technology Networks

    Breakthrough Discovery Uncovers Gene Behind Deadly Heart Disease in Golden Retrievers

    Monkey Island LNG Picks ConocoPhillips’ Liquefaction Technology – Hart Energy

    Monkey Island LNG Selects ConocoPhillips’ Advanced Liquefaction Technology for Next-Gen Energy Solutions

    Credo Technology Group Holding Ltd. (CRDO) Surpasses Q1 Earnings and Revenue Estimates – Yahoo Finance

    Credo Technology Group Surpasses Q1 Earnings and Revenue Expectations

    The Economist is hiring a science and technology correspondent – The Economist

    Exciting Opportunity: Become Our Next Science and Technology Correspondent!

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Technology

Bridging the funding gap: Inside Helium Health’s innovative healthcare financing model

July 13, 2023
in Technology
Bridging the funding gap: Inside Helium Health’s innovative healthcare financing model
Share on FacebookShare on Twitter

Despite being the first point of call for many Nigerians, more than half of Nigeria’s private health facilities lack access to external sources of funding. Helium Health is addressing this through its product, HeliumCredit.

When Helium Health started digitizing electronic medical records (EMR) in Nigeria, Adegoke Olubusi, the CEO, discovered a market gap. Private health facilities, despite being the first point of call for many Nigerians, lacked access to external funding. More than half of the private healthcare facilities in Nigeria lacked access to external financing, according to data from Pharmaccess. 

“We started to understand more deeply the gap that exists with healthcare financing, but it became more apparent to us how heavy and how wide of a gap this is. And we wanted to build a solution that could bridge that,” Olubisi told TechCabal. In 2020, Olubisi and his team launched HeliumCredit to give hospitals, clinics, pharmacies and diagnostics centers loans to buy medical equipment and medication and facilitate business expansions. 

Using loans to scale is a critical part of any business strategy. Africa has a $66 billion health financing deficit, and this is mostly due to the lack of data. Investors and donors often rely on data-driven assessments to determine the impact and effectiveness of their contributions. Helium Health bridges the data gap by enrolling hospitals on HeliumOS—its core product which digitises electronic medical records. The EMR gathers information about the hospital’s finances and other metrics, which HeliumCredit uses to decide whether a hospital can receive a loan.

“With HeliumOS, we can see that there is this financing issue, and we saw that the lenders wanted to lend, and we said, how can we use this technology in the data system to digitize the end-to-end process?” Olubisi told TechCabal.

How it works

HeliumCredit provides easy access to credit for hospitals and healthcare institutions in an entirely digital process. Intending applicants apply for financing via HeliumCredit’s website and receive a disbursement of funds within 48 hours of approval. The average loan size is about  ₦14m. Helium Health deploys loans through the Helium Wallet feature. The loan can then be repaid over an 18-month period.

For hospitals already enrolled on HeliumOS, Helium Health combines their existing data with third-party data from the banks. “So everything from their operations, to their inventory, to their stock, to their invoices and how it’s invoiced. Who pays and when they pay, and how they pay, or their insurance and their insurance claims,” Olubisi said, enumerating the type of data they typically gather.  “So, when it comes to financial and operational data, there’s a lot of critical information that is already within the system. And that is what supports the decision and process.”

“For example, if a healthcare facility requests a loan of ₦50 million, we decide if the facility can pay back the loan based on the data supplied. So we might decide to give the user a ₦5 million loan, based on the numbers we have of them,” he added.

According to Olubisi, Helium Credit has disbursed loans worth $3 million to hundreds of facilities. “These loans have been critical to these healthcare facilities in acquiring medical equipment, scaling their operations, better quality of care, attracting more experienced talent, and restocking their inventory.” Olubisi claims that 70-80% of the healthcare facilities that obtained loans from HeliumCredit have returned to obtain more loans. Despite the risky nature of the credit-financing model, none of HeliumCredit’s clients have defaulted on their loans, according to Olubisi. “In cases where healthcare facilities default on the payment of loans, we will offer a full cycle of monitoring of the facility and provide support to them: whether it is capacity development through education or financial training,” he said. 

Driving health tech innovation in Africa

Helium Health secured a $30 million in investment from a Series B funding round in June this year. The funding round will be used to expand the reach of HeliumCredit. While interest in healthtech startup funding spiked in 2023—per data from The Big Deal— health tech startups witnessed a 7% year-on-year growth in funding, showing that credit financing is still in the nascent stage on the continent.

The YC-backed healthtech startup claims to be the widest-reaching EMR platform in West Africa, used by more than 10,000 health workers across 1,000 facilities to care for over 1 million African patients. 

Helium Health has great plans for expansion. According to the CEO, the company is set to launch HeliumCredit in Kenya in 2024 and will also increase its lending portfolio to 1,000 healthcare facilities by 2024, in partnership with the U.S. International Development Finance Corporation (DFC).

Get the best African tech newsletters in your inbox

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : TechCabal – https://techcabal.com/2023/07/12/helium-credit-innovative-healthcare/

Tags: Bridgingfundingtechnology
Previous Post

Honda Malaysia Unveils All-New W-RV, Anticipates Dominance in Small SUV Market

Next Post

Omnisient CEO speaks on being recognised as ‘tech pioneer’ by World Economic Forum

Pope Leo appeals for peace in Holy Land, Ukraine, areas of world marred by war – Vatican News

Pope Leo appeals for peace in Holy Land, Ukraine, areas of world marred by war – Vatican News

September 7, 2025
The US Economy Is at a Turning Point—and the Stakes Are Higher Than You Might Think – Morningstar

The US Economy Stands at a Crucial Crossroads-Here’s Why It Matters Now More Than Ever

September 7, 2025
The Secret to What Made ‘CarJack’ Work on As the World Turns – yahoo.com

The Surprising Secret Behind ‘CarJack’s’ Success on As the World Turns

September 7, 2025
Fighting a health insurance denial? Here are 7 tips to help – Los Angeles Times

7 Powerful Strategies to Beat Health Insurance Denials and Secure the Coverage You Deserve

September 7, 2025
Florida Surgeon General admits he didn’t study impact before calling to lift vaccine mandate – CNN

Florida Surgeon General admits he didn’t study impact before calling to lift vaccine mandate – CNN

September 7, 2025
WA Department of Ecology decries federal report that downplays climate change – KREM

WA Department of Ecology decries federal report that downplays climate change – KREM

September 7, 2025
This Week in Science: Out-of-Sync Seasons, Anti-Aging Breakthroughs, And More! – yahoo.com

This Week in Science: Out-of-Sync Seasons, Anti-Aging Breakthroughs, And More! – yahoo.com

September 7, 2025
Diagnostic dilemma: Woman’s severe knee pain reveals ‘golden threads’ in her joints – Live Science

Mystery Solved: Woman’s Severe Knee Pain Traced to Shimmering ‘Golden Threads’ in Her Joints

September 7, 2025
PHOTOS: All the celebrities at Aryna Sabalenka’s US Open final victory – Tennis.com

PHOTOS: All the celebrities at Aryna Sabalenka’s US Open final victory – Tennis.com

September 7, 2025
Health Technology Ecosystem – Centers for Medicare & Medicaid Services | CMS (.gov)

Discover the Future of Health Technology: Innovations Revolutionizing Patient Care

September 7, 2025

Categories

Archives

September 2025
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
2930 
« Aug    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (811)
  • Economy (829)
  • Entertainment (21,707)
  • General (16,904)
  • Health (9,871)
  • Lifestyle (842)
  • News (22,149)
  • People (831)
  • Politics (836)
  • Science (16,039)
  • Sports (21,328)
  • Technology (15,809)
  • World (811)

Recent News

Pope Leo appeals for peace in Holy Land, Ukraine, areas of world marred by war – Vatican News

Pope Leo appeals for peace in Holy Land, Ukraine, areas of world marred by war – Vatican News

September 7, 2025
The US Economy Is at a Turning Point—and the Stakes Are Higher Than You Might Think – Morningstar

The US Economy Stands at a Crucial Crossroads-Here’s Why It Matters Now More Than Ever

September 7, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version