Global Insurer AIA Enters Partnership With Singapore-Based Digital Healthcare Innovator MyDoc

As a digital healthcare provider, MyDoc is part of Singapore's Ministry of Health's (MOH) regulatory sandbox for telemedicine, allowing it to offer digital managed care services in Singapore. MyDoc has shown a potential reduction in patient healthcare costs by at least 16 percent, according to a study done by a senior economist at the University of Southern California's Center for Economic and Social Research. MyDoc demonstrated a potential cost saving as high as 28 percent resulting from improvements in chronic diseases management and aversion of accident and emergency (A&E) services.

The AIA Vitality Basic Health Check (BHS) identifies members' risk for chronic disease by checking their body mass index (BMI), blood pressure, blood glucose, and cholesterol levels.

"AIA is a market leader, and MyDoc is excited to play a role in helping AIA Vitality members lead a healthy life," said Dr. Snehal Patel, CEO and co-Founder of MyDoc. "Our data reveals there is a higher incidence of patients at risk and undiagnosed prior to using MyDoc. Patient engagement with health screening results is also much lower without the ease of consulting provided by MyDoc post-screening. We aim to make a difference by offering AIA Vitality members 24/7/365 access to a multidisciplinary care team of doctors, nurses, nutritionists, health coaches, primary care coordinators, health screening laboratories and pharmacies."

Our partnership enables us to help AIA Vitality members identify their risk for chronic diseases. This allows for early detection so that appropriate treatment can be administered and subsequently monitored," said Mr. Richard Wyber, Head of Vitality, AIA Singapore.

"As the leading employee benefits provider in Singapore, AIA Singapore is excited to partner with MyDoc to be spearheading Singapore's first digitally integrated corporate health screening programme, helping Singaporeans lead healthier, longer, and better lives through wellness in the workplace. We look forward to working with more companies to enhance their healthcare programs and make a positive impact on employee engagement, wellbeing, productivity and retention levels," added Richard.

AIA Vitality members who complete their health screening through MyDoc will receive Vitality points of up to 6,000 if their results are within the healthy ranges.

In Singapore, Hong Kong and Malaysia, MyDoc has established successful and ongoing implementations with the largest insurers and Fortune 500 companies in the region including AIA, Aetna, and Cigna. By redesigning key touch points along the patient-clinician journey and integrating key stakeholders in the healthcare ecosystem, MyDoc has built a new model of primary care that improves patient health outcomes at lower costs to payers.

Headquartered in Singapore, MyDoc has also established a presence in Malaysia, Hong Kong, India, Sri Lanka, and Thailand. Further expansion into the region is being planned through new partnerships that will be announced in 2019. The company expects its digital health screening, workplace virtual clinic and digital pharmacy, and chronic disease management programmes will be made available to over 15 million employees in the new year.

About MyDoc Pte Ltd

Founded by Harvard Medical School physician and healthtech investor Dr. Snehal Patel and SingHealth medical officer and medtech entrepreneur Dr. Vas Metupalle, MyDoc is the leading patient-centric digital healthcare platform in Asia. With a deeply seasoned team with combined global experience in Healthtech, EMR, Clinical Practice, Insurance, Finance, and Legal and the backing of renowned medical specialists, MyDoc is deploying modular solutions that can be quickly tailored to deliver personalised continuous care across key markets in the region. MyDoc's unique value-based digital managed care model is leading the way for cost reduction in healthcare and catching illnesses before it is too late for employees of over 200 employers in the region including Fortune 500 companies.

For more information [email protected]^[1]

About AIA Vitality

In 2013, AIA Singapore became the first and only insurer to pay members as they get healthier with the launch of AIA Vitality.

AIA Singapore was also the first market to launch the AIA Vitality programme, a leading full scale wellness programme that works with individuals to make real change to their health. This is done by applying the principles of behavioural science; keeping individuals motivated by adding up the benefits of every healthy choice they make, no matter how small.

AIA Vitality is available to both individual policyholders and corporate clients, focusing on rewarding members for making choices that help them live a healthy life.

For more information AIAVitality.com.sg

Media Inquiries: PRecious Communications for MyDoc Vicky al-Taie/ Tabea Wanninger [email protected] ^[2]

Topic: Press release summarySectors: HealthCare, Venture Capital^[3][4] http://www.acnnewswire.com From the Asia Corporate News Network

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References

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