HealthMutual Group (HMG) and MediConCen collaborate to develop an AI-driven claims solution for Hong Kong. The partnership combines MediConCen’s AI, blockchain, and automation expertise with HMG’s medical claims management knowledge to improve claims processing and establish a Fraud, Waste, and Abuse detection framework tailored to local needs.

MediConCen, an insurtech company founded in 2018, uses blockchain technology to automate insurance claims. CEO William Yeung highlights the collaboration’s goal to empower claims assessors with faster, consistent decision-making. The partnership aims to set a new standard in the industry by merging technological expertise with domain knowledge in insurance and healthcare.

HealthMutual Group, established in 2014, plays a significant role in healthcare management in Hong Kong and the Greater China Region. The company focuses on improving healthcare management and funding mechanisms for insured individuals, insurance companies, and the medical sector. Founder KC Chan emphasizes the company’s deep understanding of claims management and commitment to digital transformation in claims processing and risk management.

In a joint effort to support the sustainability of Hong Kong’s medical insurance sector, HealthMutual Group partners with MediConCen to leverage cutting-edge InsurTech solutions. The collaboration aims to enhance claims processing efficiency and establish a robust Fraud, Waste, and Abuse framework. The goal is to elevate the industry standard and ensure the long-term viability of medical insurance in Hong Kong.

Read more at Yahoo Finance: HealthMutual, MediConCen partner to develop AI