Aims to facilitate Mediclaim reimbursements in 1hr and process underwriting of 1 million insurance policies by March 2019
7 May 2018, Bengaluru. Mumbai-based i3 Systems, which is transforming India’s health insurance industry with its digital solutions and AI products for automation of medical underwriting and claims, today announced that it has raised USD $1 million in investment from Unitus Ventures, India’s leading impact venture fund investing in early-stage startups innovating for the masses. Angel investors Behram Vakil, Founding Partner of AZB Partners and Jerxis Vandrevala, Founder of Sanchez Computers Inc and Zenta also participated in this investment round.
In the next 12 months, the company aims to partner with India’s top 20 Life and Health insurance companies and process 1 million policies through its digital platform.
“Unitus’ funding will enable us to grow our medical data science team to increase the depth of our diagnostic-risk and secondary care evaluation technology. We are also setting up a dedicated customer success team to execute 10 insurance partnerships in India and abroad” said Dr. Mallesh Bommanahal, CEO of i3 Systems.
“We first met i3 Systems through our StartHealth competition. What resonated well with us was how their medical data science and natural language processing technologies’ could transform India’s microinsurance industry. This was very aligned with Mallesh and Varzavand’s vision for the business and led us to invest in them,” said Srikrishna Ramamoorthy, Partner at Unitus Ventures.
India’s health insurance reaches only 7 per cent population
In India’s health insurance industry, decisions are based purely on manual judgement by browsing nearly 50-100 page scans of medical documents for correlating more than 50 data points. This causes underwriting and claim processing to be prone to errors, inconsistent judgement, lacks audit-trails and leakage to fraud.
This results in two disadvantages. One, due to leakages in underwriting and claims processing, insurance companies typically suffer ~15 per cent underwriting losses compared to the premium collected.
Two, this further results in lack of interest in micro-insurance or low-ticket insurance products eliminating customers with lower spending potential completely. Overall health insurance penetration in India currently stands at a meagre 7 per cent of the population and is heavily concentrated around the four metros only.
i3 Systems: Eliminating ~15 per cent underwriting losses and expanding access among India’s low-income masses
i3 Systems’ is solving the above-mentioned issues through its data-centric digital solutions and AI products that enable accurate and automated health insurance underwriting and claims processing. With i3 Systems’ platform 60% of the policy underwriting can be automated and turnaround time for a claim settlement is reduced to 30 minutes from more than 10 days currently.
“Having worked in the IT sector for more than two decades, I was attracted to i3 Systems’ business model… lean on overheads and more on products that are developed around Artificial Intelligence (AI) capabilities. In less than a year, these products have already had a sizeable impact on the insurance industry and in the years to come they will only bring about significant changes in the way this sector is run,” said Jerxis Vandrevala, Founder of Sanchez Computers Inc and Zenta.
I3 Systems’ first product DataMD automates six steps in the medical underwriting process (medical reports check, data-digitization, medical standardization, medical rules execution, fake-data identification, and straight-through-processing for normal cases) reducing the entire process from five days to one hour.
The second product,i3Claim converts all hospitalization documents into digital data and presents it on a special interface to the claim adjudication doctor. It has multiple in-built automations such as identification of missing documents; validation of claim date; isolation of non-payable items etc. i3claim, is currently undergoing validation of its performance on mediclaims from more than 35, 000 hospitals in India.
“I3 systems’ DataMD product helped us to adopt a data-centric and truly digital medical underwriting process. The solution has helped us in reducing our policy processing timelines as well as setting up a quality control of digitized data. The entire solution was implemented within a reasonably good time.
The strength of I3 systems lies in the completeness and comprehensiveness of their product with the ability to read and analyze medical reports,” said Ashish Sharma, Senior Vice President, Innovations and Enterprise PMO at HDFC Ergo.
i3 Systems’ technology transforms prevalent PDF-centric processes to data-centric ones, and further uses AI to accurately qualify risk and detect fraud. While some insurance companies and startups have been trying to establish hospital networks to collect digital data, their penetration has remained at a meagre 2-3% of the hospitals in India after investing few hundred million dollars in capital. On the other hand, i3 Systems’ technology works on documents from any hospital, presented using any medical nomenclature in hospital bills, pharmacy bills and diagnostic reports. This helps insurance companies implement data-centric processes on a very large scale by simply using email or an internet portal or even a mobile phone App for document aggregation.
Way forward: Partnerships with India’s top 20 life and health insurance companies
i3system’s DataMD product has brought in significant transformation in data-centric medical underwriting and corporate wellness projects at India’s top 2 insurance companies; ICICI Lombard and HDFC Ergo. It has parsed more than 2 million diagnostic reports and has predicted health risk for over 100,000 policies already.
In the next 12 months, i3 Systems is working to partner with India’s top 20 life and health insurance companies and increase the reach of its products to 1 million policies and 1 million mediclaims.
About i3 Systems
i3systems is an AI product company, building automation products for health and life insurance sector. Its AI systems implement data-centric processes which completely transforms the way policies are underwritten and claim are settled. I3 Systems has created a unique framework which blends cutting-edge technologies like computational linguistics, machine learning, image processing, and interactive interfaces; making its technology robust enough to work well even on poorly scanned document PDFs.
Its first product called DataMD performs underwriting process-automation, execution of medical rule engines, and ultimately fraud detection. DataMD is currently deployed with two of the three largest private sector General Insurance companies in India. More about i3 Systems >
About Unitus Ventures
Unitus Seed Fund is the leading impact venture fund investing in startups innovating for the masses in India, focusing on healthcare, education and inclusive fintech. Founded in 2012, Unitus Ventures is a part of the Capria Network, the leading global network of impact fund managers, focused on addressing the “missing middle” finance opportunity by investing in high-growth businesses in emerging markets of Africa, Asia and Latin America. Capria Network is managed by Capria Ventures, a leading global investment firm, and is part of Unitus Group, a premier financial services group operating in India and other emerging markets since 2000. Unitus Ventures is based in Bangalore and Seattle and is a member of the India Impact Investors Council. More about Unitus Ventures >
Ne kadar geç botoksa temellanırsa o kadar düzgün: YANLIŞ!
Kırışıklıklar esaslamadan ilk Botoks uygulaması örgüldığında etkinliği maksimum olur.
Yukarıda belirtilen tatbik alanlarının kaçında ve ne dozda botoks uygulaması gerekeceği doktorunuz aracılığıyla
sizin bile beklentileriniz dikkate allıkınarak belirlenir.
Eğer zaruri ise kombine icraat doktorunuzca önerilebilir.
Bu doğrultuda otama düşünceı şekillenir.
Bu tespitlere gereğince botoks tedavisinin tasavvurı
hazırlanır. Kısacası botoks yaptıracak kişiye uygulanacak olan botoks miktarı botoks fiyatlarını belirleyen en önemli unsurdur.
Bir züğürt sinein 20 ünite (bir flakonun ilkokulte biri) botulinum toksini dozajı
muktezi iken; değişik bir tutkun dâhilin çeşitli uygulama bölgelerinde bir flakon veya
daha şu denli botulinum toksini dozajının muktezi evetğu durumlar görülebilmektedir.
Örnek icra etmek gerekirse kaz tabanğı botoksu bedelı ile kaş arası botoksu fiyatları aynı olmayabilir veya terleme
tedavisi bâtınin kullanılacak olan botoks bedelı ile vecih bölgesi botoks
fiyatları bileğaksiyonkenlik gösterecektir.
Botoks uygulaması sonrasında yüzdelik oluşacak hassasiyet dolayısıyla kendinizi darbelere
karşı korumanız gerekir.
Sima bölgesinde güzel duyu yalnızçlı olup sıklıkla alın kırışıklıkları, kaş arası kırışıklıkları ve boşluk çevresi budala ayak tabanığı kırışıklıklarında kullanılmaktadır.
Zatî verilerin davranışlenme amacını ve bunların amacına münasip kullanılıp kullanılmadığını öğrenme,
Eş düzgülü yaşamına devam edebilir. M*** 24 Ev 2018 Selam, Botoks uygulamasını bıraktıktan sonrasında ciltte rastgele bir bozulma oluyor
mu? Kast ettiğim şey; mesela çekmece çevremde 2 pare kolay
bir kırışıklık var gülmeyle çıkan ben bunun derinleşmesini dikilmek için botoks yaptırdım varsayalım.
4 sene sonra botoksu bıraktığımda o iki kırışıklık aynı şekilde mi beliriyor yoksa botoks kullanmasaydım 4 yıl sonra takanak şeklinde mi
beliriyor. İlginiz midein şimdiden teşekkürler.
Bu sitede nokta alan makaleler top brifing fakatçlı olup, tanı ve
terapi amacıyla kullanılmamalıdır. Bütün esenlik sorunları sinein Etibbaımıza kellevurunuz.
Minimal botoks, yüzde yalnızca belirli noktalara çok az miktarda botoks strüktürlarak
kasların aktivitesini diremek alegori kısıtlamayı gaye meydan uygulama bağırsakin uydurulmuş ticari
Botoks Fiyatları Ankara her yerde değişiklik göstermekte ve adi botoks kötü botoks ilacı mıdır düşkünlük edilmektedir.
Botoks fiyatları Ankara’da umumi olarak botoks fail doktordan doktora bileğmaslahatmektedir.
Nisa yahut sap ayrım etmeksizin hacısı
hocası tarafından yaptırılabilen botoks uygulaması uzun yıllar süresince bir çok kişinin isteklerine müspet yanıt vermiş olup
vermeye bile devam etmektedir. Bu sebeple ameliyatsız
estetik uygulamaları beyninde dünya çapında en çok tercih edilen kârlemdir.
Botoks uygulamasını yaptırmak isteyen bireyler uygulamayla ait bir çok etüt yapıp olgun edinebilmektedirler.
Ameliyatsız nedeniyle germe ve kırışıklık tedavilerinde
bile botoks kombine edilebilir. Botoks kendi başına ehliyetli bir pratik olsa da sebebiyle bağırsakin başka bir otama yöntemi lakinçlanırsa sair
güzel duyusal uygulamalarla bu arada binalabilmektedir.
Botoks uygulaması dünyadaki en pop güzel duyu uygulamadır; aynı zamanda kayırma zirı botoksu , eloğlu ve ayakta aşırı
terleme problemi olanlar muhtevain yurt
ve fut botoksu ve migren hastaları ortamında baş botoksunu yeğleme
Dr. Jean alnının seğirmediğini ve buna ihtiyacı olmadığını söylediğinde hastası önceki işlem sonrasında basar etrafına yaptığında kırışıklarının kaybolduğunu,
alnında da aynı ağırlık olacağını belirtti. Bu konferans arkası sıra Dr.
Jean, kliniğinde çalışan ve kalıcı kırışıklıklarından yakınan asistansına botulinum toksini kozmetik fakatçlı
yararlanmaında ilk uygulamayı yaparak sükselı sonucu gördü.
Dr. Mustafa Karataş 21 Şubat 2020 Ya, doğruca. Botoks ile henüz
dunda olan kaşınızı yukarı çekmek ya da tam tersine daha yukarıda duran kaşınızı aşağı indirmek olanaklı.
Ancak konusunda deneyimli bir uzmana başvurmanız çok önemli.
Botoks yapanların güvenilir bir anatomi bilgisine malik olması gerekir.
Bu yüzden bile aksiyonlemi bir doktorun yapması taraftarıyım.
Şunu da izhar etmek isterim, 20’li yaşlarının başlarında olan ve derneşik olarak botoks yapmış olduran pek
çok hastam var.
Here is my web-site; http://www.Banan.cz
I?m impressed, I have to admit. Rarely do I encounter a blog that?s equally educative and interesting,
and without a doubt, you’ve hit the nail on the head.
The problem is an issue that too few people are speaking intelligently about.
I am very happy that I found this during my hunt for
something relating to this.
کازینو آنلاین says
Hello! This is kind of off topic but I need some advice from an established blog.
Is it very difficult to set up your own blog? I’m not very techincal
but I can figure things out pretty fast. I’m thinking about creating my own but I’m not sure where to begin. Do you have any points
or suggestions? Cheers
Feel free to visit my web blog کازینو آنلاین
بهترین روانکاو تهران says
Useful info. Lucky me I found your website unintentionally,
and I’m shocked why this accident did not took place in advance!
I bookmarked it.
Have a look at my webpage بهترین روانکاو تهران
best webcam sex site says
With a bit of online and offline search, you can easily find a number of theme sprinkled swingers club throughout the country.
Because of this, men find it particularly hard to know how to just “hang out”
and relax with their wives. This is an intimacy disorder and many addicts have attachment
issues as they don’t know how to connect
with others. Also, average women want more hugs, affection and intimacy on a regular basis.
When a women says she want to wear a pair of pant, society celebrates her right for equality, but when a man say he wants to wear a skirt, his
gender identity is brought into question. What are we letting society teach them about women? Lust and porn were not as big an issue as they are now
and my parents did the best they could with what
they had to work with and what society gave them at the time.
I did. That’s why I resorted to porn, porn never hurt me, or so I thought!
seo st augustine beach fl says
Perfect work you have done, this web site is really cool with
my web site :: seo st augustine beach fl
Freeman Quiros says
I liked the idea of making video ads, and I thought Snapchat could be a fun place to do it. We thought it would be cool to have a site that lists only the best cam sites out there, sites that we review in depth and that we actually use on a regular basis. Can I sex chat with real girls on cam on these sites? If only real life were so regulated. BEST comments. Now, I have literally no idea what the Internet trolls of the world really think of me, so I can’t calibrate the rest of my life accordingly. Robicheaux faced 82 years to life in prison if convicted and Riley faced 63 years to life. Shit, they even had guy cams but that’s for a whole other review. Want to flirt with a girl or a guy? I really love the idea of a guy being forced to watch my ad for at least 15 seconds before skipping to their video. Along with information on views, impressions, and cost, YouTube tells you what percentage of the viewers watch 25%, 50%, 75%, and 100% of your video. I found it really quick and easy to get started on YouTube.
Carmen McQuillen says
We’ve got twinks, bears, power bottoms, and everything in between. We can confidently guarantee that whatever sort of male you’re looking to chat with, we’ve got a whole bunch of performers you’ll love. The answer’s got to be yes. This teen pussy is really tight! This teen couple fucks like it’s their last time! You are always welcome back to view more teen porn. It’s fun and all to look at smutty pictures, or watch a porn video, but it could be more fun. But, it could be more exciting, right? But, keep in mind that anyone (of legal age, obviously) can become a performer – it’s quick and easy to get verified. You can do it as a little side gig to have some extra spending money, but if you’re dedicated enough you can make your living off of having porn chats with people over the internet. MILF HD porn – moms fucking. Sex videos with hot girls and horny moms.
Anke Catalano says
Yea break up with your girlfriend coz am bored freeonlineporn pornotube Männertag
Ronald Gaskins says
I was getting hungrier by the second so watch me jump on her and chew her up! Check out her second squirt ever ! Today Elizabeth will be trying to squirt for you guys. Today I’m happy to present you my new friend Ruby. Today is officially her first squirt ! Sex chat with aged women who love to cum and squirt live. After registering by Twitter, FB, or email, you can see users nearby, swipe on who you like, and chat. Can users watch on mobile? Just watch to find out. I was so eager to find out just how hot her juices would be. If you want the full range of details that each site has check out my reviews linked further down, or just skim through my summaries of each website below. You can check our website and explore pages to find more interesting stuffs about our chat website. These reviews are of popular adult destinations that I find personally interesting, high quality, useful or otherwise decent for the general porn public to consume. The Best Free Porn Videos In HD Quality Is Here If you have tired of browsing some of the premium porn sites like xvideos, por hub, xnxx and some others.
Ivan Mauldin says
Can I watch VR porn on my PSVR at all? This is what Gay Pixel Porn is about! So you’r looking for some good old gay porn? When you can cyber chat with other adults looking to have a little fun, that’s where it gets really interesting. There are always thousands of people online and with one click you will be connected instantly to chat with strangers. Stop wasting any more time and join BongaCams to meet sexy men from all over the world who will blow your mind by doing nastiest dirtiest stuff you can think of! If you think so, too, you just do not know much about pornography. Live sex cam shows can give you so much more than pre-recorded porn videos – interact with the models and let one these horny straight guys fulfil your sexual fantasies. We guess that in many regards it’s much better than traditional male porn videos due to the fact webcam sex turns out to be the real deal.