Business Description:Our Claims Management Software manages the routing of claims and streamlines work tasks for all parties involved in the claims process. The providers are enabled to access Online Member Eligibility verification, List of Group Free Admission Advice for all companies and their classes appointed for preferred hospitals, that can be retrieved till the policy expiry, Authentication of member & coverage, Approval Submission, Approval Response, Approval Status, Claims Batch Creation and Claims Submission through the usage of our cut through state of art software.
We help our clients to analyze their loss ratios and risk factors through the statistical underwriting and claims reports generated by the automated software.
We have innovated the Personalized Smart Card technology, which revolutionizes the Healthcare Industry by providing the user-friendly Smart Card solution. Smart Cards are fast and highly secured, information is stored on the chip using application memory, which can be erased electronically and rewritten. Information regarding the member details, policy details, general & eligibility details, coverage/coverage sub-details can be read and stored upto 10 years. Tamper-proof and information gets automatically updated from the server each time the user accesses the card. Smart Cards can be used for OP/IP/Day Care/Identification as well as to maintain health records.
Industry:Healthcare/ Pharma
Founded in:2007
Source of idea:Wanted it as an individual customer
Significant Competitors:We have identified all competitors but our major competitor is only one Web based portal in Saudi Arabia. Waseel presently holds 23%
Company Details :
Company Name:Acess Meditech
Stage of the company:Have first customer
No of Employees (2006):0-5
No of Employees (2007):6-15
Office Locations(2006):0-1
Office Locations(2007):0-1
No of companies promoted:Yes (2)
Profits (2006):Did not exist
Profits (2007):1-5 crore
>Partnerships:Allied Co-Operative Insurance Group (ACIG) - www.acigfast.com
Initial Funding:Personal savings
Addl Funding:
Institutitional Capital:
Revneue Model:By providing the claims management software to the insurers.
By providing smart card solutions and the related software
Striving to work for the benefit of both insured and insurer
Awards & honors:none
Promoters Details :
Promoters Name(s):Syed Aijazuddin
Age:37
HomeTown: Hyderabad
Education:Bachelors Al-Ameen college
No of companies promoted:Yes (2)
Family Background:First gen entrepreneur
Job:Managing Director at Assist America
Ex-Job Description:Operations - Head, India
Favorite Book/Movie:Fish by Stephen C Lundin
