This, say insurers, will enable them to plug the loopholes in the health insurance space.
The first step that has been taken by IIB is to bring out unique identity numbers for hospitals.
This would enable insurers to engage only with those hospitals that have been registered.
“There have been instances wherein there are two or more hospitals with the same name. Unique identity numbers will enable us to plug the loophole.
“In the long run, since data will be transparent, health insurance charges can also be capped,” said the chief executive of a private general insurance firm.
The executive added that after a certain period, all existing agreement renewals with hospitals will be dependent on registration with IIB for the unique number.
Going forward, this could also have a defined data centre for various procedures by medical institutions. Irda Chairman T S Vijayan had earlier said it would help the authority identify hospitals and collect information on
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