The European health insurance industry is experiencing significant growth, with an impressive annual growth rate of 5.7%. As such, it's fast becoming a notable addition to many insurers' portfolios.
However, the path to profitability is often impeded by significant costs from medical treatments, surgeries, and policyholders' increased insurance usage.
Based on discussions with our insurance customers, we've observed a considerable challenge: validating the medical necessity of treatments suggested by private caregivers. For instance, when should surgery be recommended over alternative solutions, like rehabilitation or physiotherapy? As the volume of requests continues to rise, insurers are faced with the delicate balancing act: determining how many cases to investigate and how many to greenlight automatically.
In response to these challenges, we've developed an AI solution to identify and flag treatments that may not be medically motivated. It supports insurers' decisions to approve or reject treatments confidently, leading to annual savings of millions of euros.
We invite you to attend our upcoming webinar, where we'll delve deeper into the landscape of health insurance. Discover the tools designed to convert health insurance into a profitable product, making the most of this growing market.
Join us
September 7 at 10-10.30 CET or sign up for the recording to watch anytime after.
Your hosts
Faizan Zaheer, European Expansion Manager
Johan Larsson, CPO
