Key facts
- Even Healthcare aims to reward better health outcomes rather than greater use of healthcare services.
- The startup pays its doctors fixed salaries, not tied to the number of tests or surgeries performed.
- Even Healthcare's hospitals have an unplanned readmission rate of less than 1%.
- Even Healthcare claims its approach has saved insurers more than ₹500 million ($5.27 million).
- Even Healthcare posted a net loss of ₹902 million ($9.50 million) in fiscal 2025 on revenue of ₹272 million ($2.86 million).
Even Healthcare has secured $50 million in a Series B funding round, with Khosla Ventures leading the investment. The Indian startup aims to transform hospital economics by focusing on patient care and rewarding better health outcomes rather than the volume of services provided. This funding round, which also included Alpha Wave, values Even Healthcare at $300 million and brings its total raised capital to over $120 million.
Initially partnering with hospitals, Even Healthcare shifted to building its own facilities after questioning the financial incentives that led to unnecessary treatments. The company has since opened two profitable hospitals in Bengaluru and plans to open five more in the city over the next six months, funded by the new capital.
Even Healthcare compensates its doctors and management with fixed salaries, with potential bonuses tied to patient outcomes, not procedure volume. The startup also offers equity to all employees to align their interests with long-term performance. While currently unprofitable, Even Healthcare is prioritizing expansion over immediate profitability, with plans to potentially achieve profitability within months if growth spending ceased.