Involvement of technology is evident in almost every industry including the Healthcare, the emergence of the Internet of Things (IoT) is the prime reason for this major role of Internet and Technology. This integration is extremely rewarding and the benefits are not only limited to the Health insurance sector.
There are certain aspects in the Health insurance in India which is having the potential of improvement and requires consideration of several aspects. Even when the industry is experiencing a rapid growth, the practice of old methodologies of the health insurance practices at times lead to the prolonged intervention with the patients. This is a common practice which is experienced by many.
Technology has enabled access for everyone and now even minute details related to a subject can easily be investigated and examined. As a result of data explosion, digitalization, and the increase in demand for instant information, integration of technology has become an unavoidable requisite for every business and service provider.
Integration of technology in the health insurance sector has also changed and ameliorated many traditional practices and there has been a continuous innovation in the process of offering the best experience of having a health insurance. The innovation has already reached a level where, in certain parts of the world, even the facial expressions during the live video calls are used to assess and evaluate the credit risks. Health care solutions and Health Insurance industry have experienced a rapid and exponential growth because of this digitalization of the process and massive availability of potential data.
There is a huge absence of the availability of medical facilities and other medical solutions in the rural areas of India where majority of the population resides and as per the surveys, there are only 2% of the Doctors available to them. In all these areas, every form of the medical solution is completely dependent on the schemes funded by the government and at times there is a compromise of quality and the delivery of the services through these schemes. Another major problem is the absence of the social determinants of the basic healthcare such as nutrition, food, water, etc.
With the encroachment of the health insurance facilities, the system has improved and with the integration of the technology, there has been a significant change in the practices and it is now easier and more convenient for people to make justified use of all the government schemes related to the health care.
Health Insurance industry has experienced a huge transformation in the recent times and is expected to have a greater rise in the quality and outreach in coming future.
Medimanage 