July 31st, 2012, Colombo, Sri
Lanka - Paramount Healthcare Group today announced official launch of
Paramount Health Lanka Pvt. Ltd. - TPA to address healthcare needs of Sri
Lankan economy. The company is formed
out a joint venture between Paramount Healthcare Group & Shigadry with
Earth Company Pvt. Ltd. The launch is in tune with the Company's policy to
expand its network and provide exceptional services to its customers.
views at the launch, Dr. Nayan Shah, Director, Paramount Healthcare Group said,
"We have launched the TPA in order to supplement Sri Lankan Healthcare
sector. The industry posted a strong recovery in 2010, with industry composite
GWP(Gross Written Premium) expanding by 19.63% y-o-y compared with marginal
contraction witnessed preceding year. Interest to establish presence in Sri
Lanka was driven by favorable macroeconomic fundamentals which are expected to
result in significant momentum in overall growth of the sector".
company's expansion strategy is based on the "Hub and spoke" model,
where the company moves from mature markets to potential markets to expand its
reach deeper by sourcing business from adjoining economies. This is done by
strengthening the network of providers.
the occasion, Mr. Naushad Mohideen, Director- Paramount Healthcare Lanka said, “Our objective is to enable our
customers to reap the benefits of quality healthcare solutions at the same time
making Healthcare accessible and affordable to one and all.”
on its future plans Dr. Sandeep Sharma, Sr. Vice President, Paramount
Healthcare Group said, "We seek to gain ground in the Sri Lankan market by
strengthening our network with the advent of Paramount Health Lanka. We are
looking at Sri Lanka not just through the prism of TPA business, but as an
integrated part of our managed healthcare solutions portfolio."
Healthcare Lanka is dedicated to empower individuals and organizations in their
effort to receive the highest quality healthcare at most affordable costs.
About Paramount Healthcare Group:
Healthcare Group is one of the leading global managed care service companies.
It has decades of experience in dealing with a wide spectrum of industries and
extensive industry knowledge, it is well placed to offer solutions tailored for
various commercial segments of the economy. The company's robust provider
network backed by dedicated team of medical and insurance experts provides
unrivaled services to customers across the globe.