Digital Healthcare Service Providers

Doctor with a phone and stethoscope

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Digital Healthcare Service Providers
Digital Healthcare Service Providers
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Health Care
Health Care Providers
Business Model Description

Invest in B2B and B2C online platforms and applications that offer digital healthcare services and preventive healthcare information. Examples of companies active in this space are:

Eclinic LLC, founded in 2016 as part of ICT Group (consists of 52 sub-companies and provides their service to 2.8 million people in Mongolia), is a digital clinic that offers digital healthcare services, such as making appointments with doctors, getting test results, and receiving on-call healthcare services.

Clinica is a telemedicine service start-up since 2021 aiming to provide digital healthcare services of making appointments, online consultations, and other telemedicine services. Clinica start-up managed to get USD 210,000 of funding from the Shark Tank Program.

Emch App is a mobile-based online platform where you have access to a wide range of services such as online doctor consultation, AI based online symptoms checker, and trusted healthcare information.

Expected Impact

Provision of digital health services through an integrated system, ensuring last mile reach for quality healthcare delivery.

How is this information gathered?
Updated: 8 Jul, 2023 Date of Production: 9 Jul, 2023
Mongolia
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
> 25% (in ROI)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Short Term (0–5 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
< USD 50 million
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
Seed funding can be lower than USD 500,000 and subsequent rounds of funding can depend on the scale of expansion. Clinica start-up company received a funding of USD 210,000 from 2 investors of Shark Tank program at the beginning of 2022.
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Good health and well-being (SDG 3)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Gender Equality (SDG 5) Reduced Inequalities (SDG 10) Responsible Consumption and Production (SDG 12)

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Sector Sources
  • 1) WHO. (2022). Mongolia: crafting essential country-specific tools to tackle NCDs. [online] Available at: <https://www.who.int/news-room/feature-stories/detail/mongolia-essential-country-specific-tools-to-tackle-ncds#:~:text=Mongolia%20has%20one%20of%20the,cancer%20(24.6%25)%20in%202018.> [Accessed 16 October 2022]. 2) Government of Mongolia. (2019). Mongolia Voluntary National Review Report 2019: Implementation of the Sustainable Development Goals. Ulaanbaatar" 3) WCRF International. (2022). Global cancer data by country | World Cancer Research Fund International. [online] Available at: <https://www.wcrf.org/cancer-trends/global-cancer-data-by-country/> [Accessed 16 October 2022]. 4) Government of Mongolia, (2020). Vision 2050 5) United Nations Development Programme. (2020). Briefing note for countries on the 2020 Human Development Report, The Next Frontier: Human Development and Anthropocene. 6) National Committee on Gender Equality. (2019). Study on sexual and reproductive health rights of girls and women with disabilities. 7) Government of Mongolia. (2018). Three-Pillar Development Policy. "8) WHO. (2019). Mongolia: Progress towards Universal Health Coverage through strengthening primary health care. https://www.who.int/westernpacific/news-room/feature-stories/item/mongolia-progress-towards-universal-health-coverage-through-strengthening-primary-health-care." 9) United Nations & Asian Development Bank. (2018). UN-ADB Joint Mission Report: SDGs Mainstreaming, Acceleration and Policy Support. 10) Hawkins, L. (2021). "Digital tools and Mongolia's healthcare system." 11) Enkhmaa, D., Munkhuu, B., Baatar, T. et al. (2021). Overview of Telemedicine Services in Mongolia. Curr Pediatr Rep 9, 77–82. https://doi.org/10.1007/s40124-021-00245-w
IOA Sources
  • 12) Kemp, S. (2022) Digital 2022: Mongolia - DataReportal – Global Digital Insights. Available at: https://datareportal.com/reports/digital-2022-mongolia (Accessed: March 18, 2023). 13) "Digital Health - Mongolia | Statista Market Forecast". (2022), <https://www.statista.com/outlook/dmo/digital-health/mongolia> [accessed 16 October 2022]. 14) Ariunsan, G. (2021) Education during the pandemic: Dimensions of the digital divide in Mongolia, Friedrich-Ebert-Stiftung in Asia. Available at: https://asia.fes.de/news/mongolia-digital-divide (Accessed: March 18, 2023). 15) National Statistics Office of Mongolia. Deaths by cause. https://1212.mn/tables.aspx?tbl_id=DT_NSO_2100_011V1&PH004_select_all=0&PH004SingleSelect=_0_1_2&Gender_select_all=0&GenderSingleSelect=_0_1&YearY_select_all=0&YearYSingleSelect=_2021&viewtype=table 16) Batbold O, Banzragch T, Davaajargal D, Pu C. (2022) Crowding-out effect of out-of-pocket health expenditures on consumption among households in Mongolia. Int J Health Policy Manag. 2022;11(9):18741882. doi:10.34172/ijhpm.2021.91 17) Jigjidsuren, A., Byambaa, T., Altangerel, E. et al. (2019). Free and universal access to primary healthcare in Mongolia: the service availability and readiness assessment. BMC Health Serv Res 19, 129. https://doi.org/10.1186/s12913-019-3932-5 18) Health Development Center (2022) Health Indicators. Available at: http://hdc.gov.mn/media/uploads/2022-05/ERUUL_MENDIIN_UZUULELT_2021.pdf. 19) National Statistics Office of Mongolia. (2022). Health Statistics - 2021. https://www2.1212.mn/BookLibraryDownload.ashx?url=Эрүүл_мэнд_-_2021.pdf&ln=Mn" 20) National Statistics Office of Mongolia. Maternal Mortality rate per 100,000 births. 21) World Health Organization. (2017) The prevention and control of noncommunicable diseases in Mongolia. https://apps.who.int/iris/bitstream/handle/10665/259627/WHO-NMH-NMA-17.55-eng.pdf" "22) National Statistics Office of Mongolia. Expense of Health Sector. https://1212.mn/tables.aspx?tbl_id=DT_NSO_2100_030V1&PH003_select_all=0&PH003SingleSelect=_1_3_4&YearY_select_all=0&YearYSingleSelect=_2021&viewtype=table" 23) Government of Mongolia. (2020). Five-year Development Guidelines To Develop. https://legalinfo.mn/mn/detail?lawId=15584 24) Government of Mongolia, (2015). Law on Value-Added Tax. 25) UNICEF Mongolia. Health - Challenges. Available at: https://www.unicef.org/mongolia/health (Accessed: March 18, 2023).