HEALTHCARE technology provider HealthMetrics Sdn Bhd has announced a strategic investment in PT AA International Indonesia, which operates Across Asia Assist (AAA) Indonesia, a leading third-party administrator (TPA) and international medical assistance company with a presence in Indonesia, Malaysia, Singapore, Hong Kong and Taiwan.
AAA is also a core partner of the International Assistance Group (IAG), a worldwide network of assistance companies and services servicing over 118 million members globally.
“With this investment, we are now in an excellent position to live up to our vision of optimising healthcare costs for all with our advanced technology solutions,” commented HealthMetrics CEO Alvin Yuan.
“In addition to AAA being a springboard to help expand HealthMetrics’ global reach and access thousands of healthcare partners worldwide, this transaction also marks our foray into the international medical assistance industry.”
Clients of HealthMetrics can benefit from AAA’s expertise and strength as a TPA in the medical insurance and international medical assistance industry.
With AAA on board, HealthMetrics’ existing corporate clients can seamlessly augment their employees’ healthcare benefits to include global cashless medical treatments and emergency assistance.
Moreover, the investment is also expected to help strengthen and expand AAA’s existing medical and TPA business in the region by leveraging HealthMetrics’ cloud platform’s real-time data to streamline and digitise its medical claims and issuance of letters of guarantees.
Additionally, HealthMetrics’ real-time data analytics, reporting, cost-containment and members’ mobile app are expected to add significant value to AAA’s insurance clientele, healthcare partners and policyholders.
PT AA International Indonesia’s CEO Brandon Heng expects HealthMetrics’ strong healthcare technology expertise and advanced capabilities to accelerate the company’s ability to meet customer needs.
“Additionally, HealthMetrics strong workplace culture and its diverse range of offerings will provide our employees with added career opportunities,” he opined. “We are excited to partner with HealthMetrics as it will help take AAA to the next level of growth.”
AAA Indonesia is the latest addition to the HealthMetrics’ group of companies which include HealthMetrics’ cloud-based employee healthcare benefits platform; digital pharmacy, Origin Pharmacy and Anzen Health (also known as IMG Sdn Bhd) which is an approved managed care organisation (MCO) under Malaysia’s Health Ministry (MOH).
Early this year, HealthMetrics also established a presence in Singapore, expanding its regional footprint to over 5,000 healthcare partners, 200,000 corporate members and 2,500 corporate clients across Malaysia and Singapore.
With AAA Indonesia now under the HealthMetrics’ family, the combined members for both companies will be over two million corporate members and insurance policyholders. In the coming months, HealthMetrics will embark to raise its Series B funding following its success in securing RM20 mil for its Series A in 2020. – Sept 23, 2022