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Acess Meditech: An Assurance for Medical Insurance Business Stakeholders
We are passionate about what we do, and it’s in our blood,” says Syed Aijazuddin, Founder and CEO, Acess Meditech. A CII-certified Health Insurance Specialist, Aijazuddin believes that uncertainty across economies, market volatility, and stringent regulations are the biggest concerns of the insurance industry and that technology is the key to overcome these impediments. Acess Meditech strives to leverage emerging technologies to deliver revolutionizing solutions to the industry incumbents, empowering them with increased profits and decreased costs.
To deliver better user experience and optimized process workflow across insurance business operations Acess Meditech has built seamless, highly collaborative solutions— TOSHFA (Integrated Health Insurance Management ERP System) and LIMRA (Live Insurance Management and Risk Application ERP System). TOSHFA is an integrated Health Insurance Management system which manages the operational and business profitability expectations of various medical insurance business stakeholders. It is a unique product with automated Quotation module which allows for quicker policy issuance and renewals and enables approval processing with reinsurance visibility of risks. The ERP software has secure logins and is designed to increase operational efficiency and reduce expenses by speeding up claims processing. The solution comes integrated with Smart Card Technology, Biometrics, Automated Emails, and SMS Modules. The platform supports the entire spectrum of core insurance related functions such as, Automated Rating, Policy Administration, and Online Prior Authorization Management.
Acess Meditech has brought the benefits of customer service to the health insurance market giving it a new dimension
One notable function of the platform is Reinsurance-Treaty Management which enables a user to calculate re-insurer shares with the premium receivables and claims recovered. TOSHFA also comes equipped with a Dynamic reporting module for hassle-free and accurate reports generation, along with multi-currency, multi-login system.
The other product, LIMRA, is a bi-lingual, multi-currency General Insurance ERP System that helps customers to manage all insurance operations such as Underwriting, Policy Administration, Sales, Claims, Finance, Customer Service, and Purchase Management. The solution is categorized into several modules and is used in several lines of businesses such as Motor, Fire and Property, Engineering, Marine, General Accident and Group Life. This end-to-end integrated system is flexible, robust, and user-friendly which helps businesses achieve uniformity and integrity, and curtail operational as well as maintenance costs.
With these automated products, Acess Meditech has helped companies across the global markets to scale up their business profits by more than 60 percent. The company had worked with an insurance company based in Oman and helped them with TOSHFA Product Implementation. The solution offered the right mix of process optimization with enriched customer engagements which transformed the client’s Abu Dhabi and Dubai branches into profit centers with each registering a growth rate of more than two folds.
Aijazuddin recollects the instance of aiding a client in the Kingdom of Saudi Arabia to scale up its operations by 400 to 600 percent in a short span of 11 months. The fully automated processes of the TOSHFA platform enabled the client to reduce risks and administration costs by helping it to minimize reliance on manual intervention.
The company leverages the capabilities of state-of-the-art Quality Management System which ensures clearly defined customer engagement process, right from conception of a project to delivery and support. And to top it all, the CMMI Level 3 (Dev V 1.3 ML 3) Appraised Company (Valid up to March 23rd 2016) provides its solutions at competitive prices which meet the Country Specific International Regulatory Compliance and Standards.