Asalus Corporation was registered with the Securities and Exchange Commission in
November 1995 primarily as a Health Maintenance Organization (HMO) engaged in the
delivery of managed healthcare services via comprehensive, systematic, and prevention-oriented
health maintenance programs or plans. Only six years thereafter, Asalus broke into
the top five industry ranking to emerge as the country's fastest growing HMO in
terms of market share. This phenomenal growth (a 7-year revenue CAGR of over 60%
p.a.) has remained unparalleled to further catapult Asalus, three years after, among
the top three HMOs in the Philippines. With these milestone achievements, Asalus
has now secured the top two spot after barely a decade and a half of operation and
is now poised to contend for industry leadership.
Asalus Corporation is now popularly known as Intellicare, the brand name of its
HMO business. Its mission is to lead, innovate, and trailblaze a holistic approach
to healthcare management by consistently providing top-quality, highly-personalized
healthcare services that are easily available, accessible, and affordable. Its brand
of service excellence goes beyond the usual norm of patient care by adding to its
multi-faceted dimensions Intellicare's compassion for member-patients.
Intellicare's promise of service excellence has been fulfilled not by accident but
by conscious design, given form and substance by a well-fortified, countrywide infrastructure
for an effective and efficient healthcare delivery system. Specifically, strategic
alliances have been forged with a nationwide network of more than
1,000 reputable hospitals, clinics, diagnostic centers, and other first-class medical
institutions that are manned by an affiliated pool of almost 15,000 of the country's
well-known, highly-regarded physicians and medical specialists. Uninterrupted delivery
of top-grade service is assured through a 24/7 call center and onsite Patient Relations
Officers in each accredited tertiary hospital.
Intellicare's single-minded commitment to service excellence remains a vital attribute
for business prospects. Through aggressive sales and marketing thrusts, Intellicare
boasts of over 1,400 corporate accounts, with leading companies from diverse industry
sectors. Likewise, a client retention rate of over 90% continues to boost its membership
base which is now approaching the 800,000 mark.
Risk management has been persistently prudent as well as manifested by the company's
10-year financial record of consistently positive bottomlines. From only Php 1.9
million in 1995, its paid-up capital has grown sturdier to Php 50 million and, very
recently, the Board has further increased paid-up capital to Php 162.540 million
(Php 500 million authorized capitalization with Php 225 million subscribed). This
ensures clients that Intellicare is adequately capitalized and, therefore, capable
of keeping its commitment to quality healthcare for every member. Moreover, asset
base has significantly grown from almost Php 700 million to more than Php 1.8 billion.
Serving as the backbone for all these endeavors is a dynamic workforce of over 1,000,
led by an equally dynamic Board composed of highly-successful businesspersons and medical
practitioners. Together, they comprise the Intellicare Team who have joined hands
to fulfill the noble mission of providing a link between the constitutional promise
of health and its actual realization by constantly redefining service excellence
within the Asalus core values of integrity, fairness, honesty, and an enduring sense
of humanity and compassion.