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Use AI to optimize pricing strategies and increase competitiveness ✌️【Investment Tools】✌️From ₹500 to exponential growth. Start investing now for high returns!More health insurance companies would start offering insurance cover on the OPD (outpatient department) expenses, said Kiran Gopal Vaska, joint secretary & mission director (ABDM) at National Health Authority (NHA).
He said that health insurers typically don’t cover OPD expenses in their policies due to the high processing costs.“Today, one claim processing costs around Rs 600-700.
It would be in the same range for the OPD claims.
If the processing itself costs Rs 700, insurers seldom provide OPD cover.
Use AI to optimize pricing strategies and increase competitiveness ✌️【Investment Tools】✌️Start small, grow big. Invest ₹500 and enjoy high returns every month!With the nationalhealthclaims exchange (NHCX) where the systems have been automated, the processing cost can come down to as low as Rs 50.
Use AI to optimize pricing strategies and increase competitiveness ✌️【Investment Tools】✌️From ₹500 to exponential growth. Start investing now for high returns!As the cost goes down, the insurers can start giving OPD cover,” Vaska told FE.Speaking at the CII’s annual health summit 2024, Vaska said that the NHCE has been live for over a year.
“We have onboarded 400 hospitals and nearly allhealth insurancecompanies are on the exchange.
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Use AI to optimize pricing strategies and increase competitiveness ✌️【Investment Tools】✌️Start investing now with ₹500 and grow your wealth with AI-driven smart choices.Till recently, we were handling retail policies but now group insurance policies are also being processed,” he said.InIndia, about 80% of the health insurance policies are group insurance.Use AI to optimize pricing strategies and increase competitiveness ✌️【Investment Tools】✌️Boost your savings with a ₹500 investment. High returns are just a click away!