MediAssistIndia June 28, 2007
Posted by Pallav Sharda in : Healthcare , trackbackThird party administrators (TPA’s) are financial transaction administrators that handle the processing and paperwork for retirement and/or insurances plans.
I was still speculating over the rise of health insurance in India, when I found out about MediAssist. They are a health insurance focused TPA operational in India. MediAssist provides ‘cashless hospitalization’ and facilitate reimbursement claims process both ways (for insurer and insured). A partnership venture of Nadathur Holdings and Reliance Health Ventures, MediAssist services 15 insurance companies with it’s 21 branches.
Damn. I thought it was early market for health insurance by itself, and didn’t even think of TPA’s arriving at the scene. Anyways, I’m still sticking to my theory that the health insurance market is very embryonic and the money being spent is just to have a foot-in-the-door when market arrives. In this article with ExpressHealth, MediAssist COO talks about using DRG’s going forward. I’m not sure if using a US-based classification system would work for India, let alone the fact that it’s not the most perfect system in itself. Again, it all points to the brash investment in health insurance and neglecting the actual problems that plague healthcare in India.
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joining the TPA (Empanelment)