Latest news with #HealthMutualGroup
Yahoo
2 days ago
- Business
- Yahoo
HealthMutual, MediConCen partner to develop AI
HealthMutual Group (HMG) has joined forces with insurtech company MediConCen to create an AI-driven claims solution for the Hong Kong market. The collaboration combines the technological competence of MediConCen in AI, blockchain and automation, with the medical claims management expertise of HMG. The move is aimed at enhancing claims processing and to establish a Fraud, Waste, and Abuse (FWA) detection framework that is tailored to the local needs of Hong Kong. MediConCen, founded in 2018, is an insurtech company that utilises blockchain technology to automate insurance claims. MediConCen CEO and co-founder William Yeung said: "This collaboration merges MediConCen's AI-powered technological expertise with HMG's unparalleled domain knowledge in insurance and healthcare. 'Together, we are creating a solution that empowers claims assessors to make faster, and consistent decisions—setting a new gold standard for the industry." HealthMutual Group, since its establishment in 2014, has been active in healthcare management within Hong Kong and the Greater China Region. The company's services are designed to its various stakeholders, including the insured, insurance companies, and the medical sector, by improving healthcare management and funding mechanisms. HMG founder KC Chan stated: "with over 11 years of experience in medical concierge services, HMG has developed an in-depth understanding of claims management. Our proprietary OCR-based medical invoice platform aligns perfectly with the digital transformation of claims processing, while facilitating the set-up of a FWA framework to ensure robust risk management. 'Partnering with MediConCen, a leader in cutting-edge InsurTech, allows us to further our mission of supporting the sustainability of Hong Kong's medical insurance sector." "HealthMutual, MediConCen partner to develop AI " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Sun
2 days ago
- Business
- The Sun
HMG Partners with MediConCen to spearhead Medical Claims Digitalization in Hong Kong
HONG KONG SAR - Media OutReach Newswire - 14 July 2025 - HealthMutual Group (HMG), a pioneer in medical concierge and insurance management, and MediConCen Limited, an InsurTech innovator, today announced a strategic partnership to develop an advanced AI-driven claims solution tailored for the Hong Kong market. By combining MediConCen's expertise in AI, blockchain, and automation with HMG's solid experience in medical claims management, the collaboration aims to streamline claims processing, enhance efficiency, and establish a localized Fraud, Waste, and Abuse (FWA) detection framework. Mr. KC Chan, Founder of HMG, said, 'with over 11 years of experience in medical concierge services, HMG has developed an in-depth understanding of claims management. Our proprietary OCR-based medical invoice platform aligns perfectly with the digital transformation of claims processing, while facilitating the set-up of a FWA framework to ensure robust risk management. Partnering with MediConCen, a leader in cutting-edge InsurTech, allows us to further our mission of supporting the sustainability of Hong Kong's medical insurance sector.' Mr. William Yeung, CEO and Co-Founder of MediConCen, said 'this collaboration merges MediConCen's AI-powered technological expertise with HMG's unparalleled domain knowledge in insurance and healthcare. Together, we are creating a solution that empowers claims assessors to make faster, and consistent decisions—setting a new gold standard for the industry.' The partnership underscores the importance of combining insurance practicality with technology to deliver digitalisation for insurance process. About HMG Established in 2014, HealthMutual Group has swiftly emerged as a premier leader in healthcare management across Hong Kong and the Greater China Region. Passionately dedicated to transforming healthcare management and its funding mechanism through provision of medical concierge and other essential value-added service, it benefits all stakeholders: the insured, insurance companies, and the medical sector, fostering their sustainable growth and development. About MedConCen MediConCen is a leading insurTech founded in 2018. Awarded in numerous local and international competitions, MediConCen is the first Hong Kong company utilizing blockchain and cutting-edge technology to automate insurance claim and evolve the insurance claim experience.
Zawya
2 days ago
- Business
- Zawya
HMG Partners with MediConCen to spearhead Medical Claims Digitalization in Hong Kong
HONG KONG SAR - Media OutReach Newswire - 14 July 2025 - HealthMutual Group (HMG), a pioneer in medical concierge and insurance management, and MediConCen Limited, an InsurTech innovator, today announced a strategic partnership to develop an advanced AI-driven claims solution tailored for the Hong Kong market. By combining MediConCen's expertise in AI, blockchain, and automation with HMG's solid experience in medical claims management, the collaboration aims to streamline claims processing, enhance efficiency, and establish a localized Fraud, Waste, and Abuse (FWA) detection framework. Mr. KC Chan, Founder of HMG, said, "with over 11 years of experience in medical concierge services, HMG has developed an in-depth understanding of claims management. Our proprietary OCR-based medical invoice platform aligns perfectly with the digital transformation of claims processing, while facilitating the set-up of a FWA framework to ensure robust risk management. Partnering with MediConCen, a leader in cutting-edge InsurTech, allows us to further our mission of supporting the sustainability of Hong Kong's medical insurance sector." Mr. William Yeung, CEO and Co-Founder of MediConCen, said "this collaboration merges MediConCen's AI-powered technological expertise with HMG's unparalleled domain knowledge in insurance and healthcare. Together, we are creating a solution that empowers claims assessors to make faster, and consistent decisions—setting a new gold standard for the industry." The partnership underscores the importance of combining insurance practicality with technology to deliver digitalisation for insurance process. Hashtag: #HMG #MedConCen # # #MedicalClaims #Digitalization #AI #MedicalInsuranceSector #OCR The issuer is solely responsible for the content of this announcement. About HMG Established in 2014, HealthMutual Group has swiftly emerged as a premier leader in healthcare management across Hong Kong and the Greater China Region. Passionately dedicated to transforming healthcare management and its funding mechanism through provision of medical concierge and other essential value-added service, it benefits all stakeholders: the insured, insurance companies, and the medical sector, fostering their sustainable growth and development. About MedConCen MediConCen is a leading insurTech founded in 2018. Awarded in numerous local and international competitions, MediConCen is the first Hong Kong company utilizing blockchain and cutting-edge technology to automate insurance claim and evolve the insurance claim experience. HealthMutual Group
