Most insurance companies request pre-policy check-ups before providing coverage to any individual or group. Although there are various debates surrounding the age brackets and the menacing activity that it is for most applicants, the process is lengthy and largely tedious. But we have an innovative solution in place that’s turning tides.
Making efficient use of modern technologies like AI and IoT, Cardiotrack is bent on digitizing and speeding up the healthcare domain. The company’s diverse services are designed to facilitate corporates in managing employee wellness, empower medical professionals in connecting to their patients in real-time, and, as we will discuss, Cardiotrack also assists insurance companies in speeding the pre-policy check-ups.
But first, let’s understand what pre-policy check-ups are and what purpose they fulfill.
Why Pre-Policy Check-up Is Important For Both Insurers and Policyholders
There are instances when applicants are unaware of a certain health condition or illness that they might have. A pre-policy check-up helps applicants become aware of any hidden health issues. Moreover, non-disclosure of underlying health conditions lies on the policyholder and is considered fraud. Even if the insurer doesn’t demand it or if you don’t belong to the age bracket for which these medical check-ups are needed, an applicant should get themselves checked.
For Insurance Companies
As for the insurance companies, they need to verify the different parameters that ensure the fitness of the applicant. If there’s any pre-existing medical condition that affects the policy directly or otherwise, a pre-policy check-up is the only practical way to bring it to light. Moreover, the insurance company, in that case, would be in a position to make appropriate decisions to cover that party.
This also helps in mitigating their risk in covering a policyholder. Therefore, adding to the transparency between both parties, these medical tests can significantly reduce the chance of claim denials for the policyholders and reduce the risk of fraud for the insurance companies.
But insurance companies have to deal with hundreds of such applicants daily and managing pre-policy check-ups for every applicant is a tedious and expensive process. So, what’s the solution?
How Cardiotrack Can Help Reduce The Time of Pre-Policy Check-ups
With dozens of awards and recognitions to its name, Cardiotrack is a rapidly expanding Predictive Diagnostic Technology. While its benefits in people’s lives are obvious, with its ability to detect the onset of any disease or medical condition, Cardiotrack also aims to support insurance companies in their day to day pre-policy check-ups to speed up the process.
The process is clear and simple.
The medical staff use Cardiotrack's mobile application, which is integrated with multiple medical devices that feed the app with quick and reliable health screening.
Cardiotrack’s central dashboard monitors the status of the visits and can download the health reports upon request. An order is assigned to a DMLT certified phlebotomist via Cardiotrack’s Order Management Module, and they’re directed to the location of the patient.
As soon as the patient, or in this case, a policyholder is registered, their vitals are captured using the Cardiotrack Health Kit. For the first process, various measurements are taken, which include blood glucose, blood pressure, pulse, temperature, and ECG.
A sample of the blood is also taken, and a digital medical examination report (MER) is immediately initiated, which is later filled with the phlebotomist’s and a physician’s consultation.
After the physician’s consultation, the blood sample is later handed over to a NABL certified lab in the Cardiotrack network, and all the data including vitals, digital MER, lab results, and the screening status are shared over the cloud.
The complete report generation process takes less than a day. And as the bulk of the process takes place digitally, it reduces the chances of human error, and the entire data becomes immediately available on Cardiotrack’s digital platform. With this, managing the medical files becomes a breeze for insurance companies.
So, what are you waiting for? Schedule a demo now!