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TxtMED medicine loan service to help employees address healthcare needs

By Jonnah Pante - on 11 May 2017, 1:50pm

TxtMED medicine loan service to help employees address healthcare needs

Government and private employees and overseas workers with Landbank payroll accounts can now get discounted medicines seamlessly through a text-based service called the Tamang Alaga TxtMED program.

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Carrying the tagline "Kung kailangan ng gamot, dapat may gamot," the Tamang Alaga TxtMED program medicine loan service is a product of collaboration Landbank, RiteMed, and FINTQ -- the financial arm of PLDT and Smart Voyager Innovations

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"TxtMED is a first of its kind collaboration that transcends industries and revolutionizes access to healthcare through the LMLS platform. The prohibitive cost of medicines has historically been one of the reasons for the high death toll among the poor. This is why we're happy to offer this medicine loan service to our borrowers to gain access to affordable and quality medicines through the convenience of their mobile phones," said Landbank President and CEO Alex Buenavetura at the official launch of the Tamang Alaga TxtMED service at the Landbank Head Office yesterday.

"This partnership with RiteMed and FINTQ attests to the endless possibilities in terms of financial technology and the value of public-private sector collaboration, as we work towards optimizing digital transactions to improve access to quality healthcare across the country," he added.

The said program is associated with a digital platform called the Landbank Mobile Loan Saver (LMLS) in which borrowers are given the option to allocate a portion of their approved net loan proceeds to purchase medicines.

Borrowers can buy medicine with 20% discount through their mobile phones by texting "loan <space> employee number <space> agency code" and send it to 5363 for Smart, TnT, and Sun subscribers, and to 229290657 for other networks. Eligible users will then receive a unique application number which will be used to apply for the TxtMED loan and a Landbank Mobile Loan Saver Link. Upon selecting medicines, users will be asked to upload a photo of doctor's prescription. The package will then be delivered directly to the borrower's office for free one week after the purchase. 

Visit this link for more information.