AMPLIFY HEALTH ACCELERATES STRATEGY THROUGH THE ACQUISITION OF AiDA TECHNOLOGIES

• Transaction enhances and boosts Amplify Health’s integrated wellness technology alternatives stack and involved IP
• Provides new commercially confirmed abilities and IP in artificial intelligence and machine studying

SINGAPORE, Jan. 10, 2023 /PRNewswire/ — Amplify Well being, the pan-Asian integrated well being technologies alternatives joint venture among AIA Team Restricted and Discovery Group Restricted, currently introduced the acquisition of AiDA Systems (AiDA), a top service provider of synthetic intelligence (AI) remedies to businesses in Asia Pacific.

AiDA was launched in 2016 in Singapore by Dr Tan Geok Leng, Dr Shonali Krishnaswamy, and a crew of accomplished facts scientists from the InfoComm Study Institute (I2R), A*STAR (Company for Science, Technological innovation and Study).

AiDA has produced a suite of commercially tested and multi award-winning proprietary machine discovering technologies, applied to automate underwriting, statements processing, and detect fraud, squander and abuse, which permit providers to use knowledge superior to accelerate procedures, maximize income, generate charge reductions and foresee evolving hazard. These capabilities enhance and build on the present Amplify Health built-in wellness engineering alternatives stack and affiliated IP comprising production-analyzed promises processing and administration devices, built-in electronic health and fitness programmes to deal with serious sickness and non-public professional medical insurance policy (PMI) solution growth abilities, all underpinned by market place-leading proprietary health and fitness intelligence platforms.

AiDA has established a sound client foundation throughout South-East Asia and a deep network of associations in govt, academia, study and other 3rd-bash institutions. Via the acquisition of AiDA, Amplify Health bolsters its regional team of extremely proficient information experts.

“Driven by our purpose to make the individuals of Asia Pacific healthier, we are setting up an built-in wellbeing know-how solutions business enterprise that transforms overall health and wellness for individuals and communities throughout Asia Pacific. The acquisition of AiDA Systems provides even further AI and device studying ability to our current IP and built-in health technological innovation alternatives stack that we are deploying during the region,” said Dr Axel Baur, Deputy Main Government of Amplify Health. “Via this acquisition, we are accelerating our strategies to permit payors, corporates, clinical vendors, and community health and fitness devices to make improvements to wellbeing outcomes for people and the sustainability of health care devices in Asia Pacific.”

“As we sought to unlock the upcoming probable of AiDA Technologies, we appeared for a companion who could provide better area know-how, financial assets and accessibility to new distribution networks to permit us to scale for even bigger impression. We are confident that we have found that companion in Amplify Well being and its impressive workforce,” claimed Dr Tan Geok Leng, Main Govt Officer of AIDA Systems. “We are extremely fired up to join forces with Amplify Overall health on its mission of making the persons of Asia Pacific healthier and putting our best-in-class technological know-how to use throughout the area.”

About Amplify Wellbeing 

Amplify Wellbeing is a pan-Asian integrated wellness technology remedies enterprise creating benefit for all stakeholders in health care programs. Our integrated wellness know-how remedies empower our customers to make improvements to health care funding, access and supply at each stage in the value chain to boost the wellness and wellbeing of persons and communities throughout Asia. Amplify Overall health is a joint undertaking amongst AIA Group Minimal and Discovery Team Minimal, headquartered in Singapore.

For far more information and facts check out: www.amplifyhealth.com 

About AiDA Systems

AiDA Systems is a professional AI/ML firm that has produced multi award-profitable options to raise earnings, make improvements to operational efficiency and handle threat and compliance. AiDA’s staff, with skills in details science, details engineering, UI/UX, units engineering and supply, has founded a strong community of clients and channel partners across South-East Asia. AiDA’s impressive technologies has been recognised and celebrated as a result of many award wins, which include the Singapore FinTech Pageant in 2016 and 2017, the national-degree TechBlazer award in 2018, the Huawei SPARK Global Start off-up Competition 2020 and the InsurTech Vertical Winner at HK FinTech Week 2021.

For additional data visit www.aidatech.io

Source Amplify Overall health