January 31, 2023

Vybirai Ka

Specialists In Health

AMPLIFY HEALTH ACCELERATES STRATEGY THROUGH THE ACQUISITION OF AiDA TECHNOLOGIES

AMPLIFY HEALTH ACCELERATES STRATEGY THROUGH THE ACQUISITION OF AiDA TECHNOLOGIES

  • Transaction enhances and enhances Amplify Well being’s built-in well being know-how options stack and related IP
  • Provides new commercially confirmed capabilities and IP in synthetic intelligence and machine studying

SINGAPORE, Jan. 10, 2023 /PRNewswire/ — Amplify Well being, the pan-Asian built-in well being know-how options three way partnership between AIA Group Restricted and Discovery Group Restricted, at this time introduced the acquisition of AiDA Applied sciences (AiDA), a number one supplier of synthetic intelligence (AI) options to corporations in Asia Pacific.

AiDA was based in 2016 in Singapore by Dr Tan Geok Leng, Dr Shonali Krishnaswamy, and a staff of achieved information scientists from the InfoComm Analysis Institute (I2R), A*STAR (Company for Science, Know-how and Analysis).

AiDA has developed a set of commercially confirmed and multi award-winning proprietary machine studying applied sciences, used to automate underwriting, claims processing, and detect fraud, waste and abuse, which allow corporations to make use of information higher to speed up processes, enhance income, drive value reductions and anticipate evolving threat. These capabilities complement and construct on the prevailing Amplify Well being built-in well being know-how options stack and related IP comprising production-tested claims processing and administration methods, built-in digital well being programmes to handle continual illness and personal medical insurance coverage (PMI) product improvement capabilities, all underpinned by market-leading proprietary well being intelligence platforms.

AiDA has established a strong shopper base throughout South-East Asia and a deep community of relationships in authorities, academia, analysis and different third-party establishments. By the acquisition of AiDA, Amplify Well being bolsters its regional staff of extremely expert information scientists.

Pushed by our function to make the individuals of Asia Pacific more healthy, we’re constructing an built-in well being know-how options enterprise that transforms well being and wellness for sufferers and communities throughout Asia Pacific. The acquisition of AiDA Applied sciences provides additional AI and machine studying functionality to our current IP and built-in well being know-how options stack that we’re deploying all through the area,” mentioned Dr Axel Baur, Deputy Chief Government of Amplify Well being. “By this acquisition, we’re accelerating our plans to allow payors, corporates, medical suppliers, and public well being methods to enhance well being outcomes for sufferers and the sustainability of healthcare methods in Asia Pacific.”

“As we sought to unlock the long run potential of AiDA Applied sciences, we seemed for a associate who may present better area experience, monetary sources and entry to new distribution networks to allow us to scale for even better impression. We’re assured that we’ve got discovered that associate in Amplify Well being and its spectacular staff,” mentioned Dr Tan Geok Leng, Chief Government Officer of AIDA Applied sciences. “We’re extremely excited to hitch forces with Amplify Well being on its mission of creating the individuals of Asia Pacific more healthy and placing our best-in-class know-how to make use of throughout the area.”

About Amplify Well being 

Amplify Well being is a pan-Asian built-in well being know-how options enterprise creating worth for all stakeholders in healthcare methods. Our built-in well being know-how options empower our purchasers to enhance healthcare funding, entry and supply at each level within the worth chain to enhance the well being and wellbeing of individuals and communities throughout Asia. Amplify Well being is a three way partnership between AIA Group Restricted and Discovery Group Restricted, headquartered in Singapore.

For extra data go to: www.amplifyhealth.com 

About AiDA Applied sciences

AiDA Applied sciences is a specialist AI/ML firm that has developed multi award-winning options to extend income, enhance operational effectivity and handle threat and compliance. AiDA’s staff, with expertise in information science, information engineering, UI/UX, methods engineering and supply, has established a powerful community of consumers and channel companions throughout South-East Asia. AiDA’s progressive know-how has been recognised and celebrated by a number of award wins, together with the Singapore FinTech Pageant in 2016 and 2017, the national-level TechBlazer award in 2018, the Huawei SPARK World Begin-up Competitors 2020 and the InsurTech Vertical Champion at HK FinTech Week 2021.

For extra data go to www.aidatech.io

AMPLIFY HEALTH ACCELERATES STRATEGY THROUGH THE ACQUISITION OF AiDA TECHNOLOGIES

SOURCE Amplify Well being