ProtectHealth was incorporated on 19 December 2016 as a wholly-owned subsidiary of ProtectHealth Malaysia (PHM), established under the Ministry of Health, Malaysia (MOH).​ ​As a not-for-profit company, we coordinate, administer and manage initiatives related to financing healthcare services as mandated by MOH.​ ProtectHealth Malaysia & ProtectHealth Corporation​ were established with ​two mandates in December 2016 as approved by Jemaah Menteri:​​ Voluntary Health Insurance (VHI) for All​ and Strategic Purchaser - Reducing Healthcare Costs & Enhancing Primary Healthcare​​.

In April 2019, as per our Strategic Purchaser mandate, we carry our role as the healthcare scheme administrator for Skim Peduli Kesihatan untuk Kumpulan B40 (PeKa B40) as mandated by the Government. Starting from November 2020, we are appointed as the Electronic Service Provider operator for Skim Perlindungan Insurans Kesihatan Pekerja Asing (SPIKPA). Given our experience and capabilities in discharging Strategic Purchasing role, ProtectHealth has recently been appointed by the Ministry of Health as the implementer of Private Medical Practitioner’s participation in the National COVID-19 Immunisation Programme.