IHH Healthcare partners some Integrated Shield insurers to rein in private hospital bills
The services of iExchange as a third-party administrator have dampened bill size growth to the low single digits
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A PARTNERSHIP between IHH Healthcare and some Integrated Shield Plan (IP) insurers could well be a way to rein in escalating costs and claims from private hospital IPs.
The partnership taps the services of iExchange, the third-party administrator (TPA) of IHH Healthcare, which provides end-to-end cost management and other solutions for insurers or payers.
As a TPA, iExchange is a gatekeeper, helping to facilitate letters of authorisation (LOAs), for instance, which IP policyholders typically seek prior to hospital admission.
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