“We’re looking at this as an end-to-end solution that addresses healthcare access and affordability. This development comes after the company developed the proprietary Fedo score which helps insurance companies successfully underwrite its users and helps Fedo consumers understand how healthy they are. The company has partnered with insurers, card issuers and banks to expand the network of Fedo HSA service. “With the right mix of data and machine intelligence, Fedo HSA aims to provide a systematic way of planning for health needs based on predictable health risks and solve the financial crisis which impacts millions of families each year due to medical emergencies," Prasanth Madavana, CEO & Co-Founder at Fedo said. This offering will enhance the value proposition for insurers and banks alike, and more importantly will address the needs of consumers, with empathy.
Fedo said that there is a very large and urgent need to simplify and bridge the financing gap between insurance policy coverage and hospitalization expenses.
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