19 Jan iCare HMO Marks 35 Years, Moves Forward as an Independent Healthcare Organization

As iCare HMO marks 35 years of serving Filipinos, it moves forward as an independent health maintenance organization from Insular Life (InLife).

iCare HMO was founded in 1991 as a wholly owned subsidiary of InLife. During this period, InLife supported the modernization of iCare HMO’s core systems, digital platforms, and operations. These initiatives improved profitability, and iCare rose from 12th in 2018 to 6th in 2023. iCare HMO’s strong performance attracted foreign investors, leading to a partial acquisition in 2023. This aligns with InLife’s strategy to streamline its portfolio and concentrate on life insurance and corporate solutions nationwide.

Building on this momentum, iCare HMO adopted a new DNA that blends Singaporean efficiency and discipline with Filipino tender loving care. This strengthened the organization’s ability to deliver sustainable and affordable healthcare solutions amid rising medical costs and accelerating medical inflation.

“Our mission at iCare HMO is clear: to enable Filipinos to say yes to better health,” said Geronimo V. Francisco, President and CEO of iCare HMO. “At a time when medical inflation continues to put pressure on families and employers, we remain focused on delivering thoughtfully designed and cost-efficient healthcare solutions that make quality care accessible and sustainable.”

Today, iCare HMO serves more than one million members nationwide, supporting employers and individuals with flexible, people-centered healthcare plans. Building on its 35-year foundation, iCare HMO remains committed to innovation.