Paramount Healthcare Management Pvt. Ltd.

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Paramount Healthcare Group expands to Sri Lanka

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.

 

Sharing his 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".

 

The 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.

 

Speaking on 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.”

 

Elaborating 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."

 

Paramount 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:

Paramount 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.