Acquisition · Financial Services
Care.fi acquires Aldun to speed up discharges
By Startup Enthusiast ·
- Date
- Company
- Care.fi
- What it does
- Healthcare fintech for hospital payments
- Kind
- Acquisition
- Founded
- 2021
- Sector
- Financial Services
What they do
Care.fi, a Peak XV-backed healthcare fintech, acquired discharge-automation platform Aldun
What happened
The deal aims to cut discharge time to 10 minutes and expand into Tier-2 and Tier-3 markets
Why it matters
Aldun currently supports 10,000 monthly discharges across networks like Apollo and Fortis
The details
- Care.fi, a healthcare fintech company, acquired Aldun, a discharge-automation platform.
- The acquisition aims to unify revenue cycle management with real-time claims, pre-auth, and settlement visibility.
- The combined platform is called 'Healthcare OS' and handles patient financing to final settlements.
- The goal is to reduce discharge time to 10 minutes after the final bill.
- Aldun currently supports 10,000 discharges monthly.
- The acquisition targets 300 hospital units and 1 lakh monthly discharges.
- It also aims to reduce non-clinical costs like parking and extra room charges.
- The deal seeks to increase bed turnover without capital expenditure on new beds.
The bigger picture
- Typical discharge processes take from 9 AM to 5 PM due to manual billing, insurance coordination, and settlement delays.
- Faster discharges can improve patient experience and hospital cashflows.
- The acquisition helps Care.fi expand into Tier-2 and Tier-3 markets.
- It also aims to save over 10 lakh administrative hours annually.
About the business
- Care.fi is a healthcare fintech company backed by Peak XV.
- It provides financial services for hospitals and patients.
- The company focuses on revenue cycle management and patient financing.
- Aldun serves hospital networks including Apollo, Aster, Manipal, Fortis, and Max.
- The combined platform handles everything from patient financing to final settlements.
- The acquisition enables a unified system for claims, pre-auth, and settlement visibility.
What happens next
- Expand into Tier-2 and Tier-3 markets.
- Target 300 hospital units and 1 lakh monthly discharges.
- Achieve 10-minute discharge after final bill.
The deal
- Type
- acquisition
Investors
- Peak XV (existing) — Backs Care.fi.
- 2am VC (existing) — Early backer of Aldun.
Founders
- Vikrant Agrawal, Co-founder
- Sidak Singh, Co-founder
About Care.fi
- Product
- AI-powered healthcare operating system for hospitals.
- Customers
- Hospitals and healthcare providers.
- How it makes money
- B2B software and financing for hospital revenue operations and working capital.
- What sets it apart
- Combines revenue cycle software with an NBFC arm for hospital working capital.
- Operations
- Based in Gurugram and expanding across India and overseas.
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