Insurtech: understanding the impacts of insurance automation

By: Lotfi AlSarori

Insurance companies, just like all businesses in the information age, rely heavily on information systems. Whether it is to automate underwriting and claim processing or keep track of their financial transactions, business software brings a lot of benefits to this important financial sector. Business systems are made to facilitate the work of organizations and make them more productive saving them time, cost, and effort. Insurance companies are no exception. 

While Fintech describes the use of technology in the financial services, Insurtech is the intersection of technology in a specific financial services sector, insurance. According to Investopedia: “Insurtech refers to the use of technology innovations designed to squeeze out savings and efficiency from the current insurance industry model.” 

How to improve your patient experience by having everything digitalized & connected!

By Lana Bawaneh

Many, if not all of us, have experienced the hassles of going to hospitals or medical centres. The healthcare sector is one of the most complicated sectors because it has a lot of departments or entities that are related to each other; when describing the healthcare sector, we are talking about a hospital, medical centre, clinic, polyclinic, pharmacy, lab, radiology, or it could be a combination of some or all of them.

It is very important to develop software applications or systems that support healthcare services to provide the best medical treatment. The problem here is that some of the medical institutions have one or few of their entities switched to digital processes, while the other entities are still handling their processes manually.

The impacts of medical coding on healthcare systems

By Cesilia Faustina

Medical coding is a crucial part of the healthcare billing system. It works to ensure that the whole billing process is accurate, and reimbursements are taken care of.

Thanks to the handy tool that is medical coding, hospitals and other healthcare institutions can easily exchange data and accurately create insurance claims and bills for patients. In fact, medical codes are extremely needed in order to successfully provide the right services.

It starts with taking a description of the disease, injury, etc. and then transforming them into numeric or alphanumeric codes to accurately describe the diagnosis. So, these symbols are very important to uphold, especially when it comes to digitalization.

Why healthcare integration is the future of hospital operation

By Cesilia Faustina

The healthcare industry is changing. As we are faced with more and more demands from patients and the healthcare environment itself, things are getting both complicated and difficult. How exactly is somebody supposed to manage different healthcare spending, limited resources and provide great patient care? The answer is, you can’t, not without some innovation at least.

With the talks of flying cars and robot assistants, it is no surprise that the next solution for many healthcare providers includes the use of hospital information systems.