Regulatory Role in Health Insurance Innovation Adoption and Rural Coverage Strategies: A Study in India
DOI:
https://doi.org/10.53739/samvad/2024/v28/173683Keywords:
, Health Health Insurance, Innovation, Regulation, SandboxInsurance, Sand boxAbstract
The healthcare industry in India is facing a range of challenges and opportunities that are driving the need for strategic interventions. In this paper, we examine the role of breakthrough innovations as part of strategic interventions in the health insurance industry. We begin by defining strategic interventions and discussing their importance in addressing challenges and opportunities faced by the health insurance sector in India. We then explore the role of breakthrough innovations in driving strategic interventions, including examples of how these innovations have been successfully implemented in the health insurance industry. Strategic interventions can lead to improved performance, increased efficiency, and enhanced customer satisfaction. This paper provides a comprehensive overview of the role of strategic interventions and breakthrough innovations in the health insurance industry and highlights the potential benefits of these interventions for industry stakeholders, the government, the healthcare sector, and consumers. Emerging technologies such as artificial intelligence, blockchain, telemedicine, and personalized health plans are expected to revolutionize the healthcare sector digitally and transform the design of health insurance covers. These advancements offer insights for insurance practitioners to leverage opportunities for reshaping the future of health insurance.Downloads
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