This Indian Tech Disruptor Is Changing India’s Health Insurance Claims System
Wednesday, July 27, 2016
If you suffer the misfortune of being an inpatient in the Indian medical system, you may find your time spent trying to file health insurance claims ends up being longer than your time as a patient, because it’s all being filed by hand. One company set out to be the first to solve this, finding an unusual new problem ahead.
After hearing about an inpatient insurance claims experience, Remedinet CEO Munish Daga says he realized that the process was unnecessarily painful, taking between four and six hours to complete in many cases.
“The adoption of technology was very minimal,” says Daga discussing how this particular segment remains stuck in a 1980s India before liberalization caught on. “This is a sector that was ripe for something new and innovative.”
Based out of Bangalore, Daga and his team set out to cut down the amount of time that manually entered information and reams of paperwork take to process for each health insurance claim, by automating it instead.
- Health Care