Minet Kenya has partnered with CarePay to implement M-TIBA as an IT solution for future insurance and fund management products. This makes Minet one of the first large insurance brokers in Kenya to adopt a back-end platform, specifically designed for mobile, in managing a medical scheme.
The M-TIBA platform has been developed by CarePay, in partnership with Safaricom and PharmAccess Foundation, to provide a secure and transparent interface between patients, providers and funders.
Sammy Muthui, MD Minet says: “We are developing a range of new solutions for our existing and new clients. We need a backend solution that utilizes smart tech. In Kenya the smartest tech, with the highest penetration, is mobile. We’re pleased to be leading the way on mobile health innovation and we see M-TIBA as the future for the management of medical schemes for our corporate clients.”
M-TIBA launched two years ago in Kenya and has already contracted over 530 healthcare facilities across Kenya and nearly 1 million users. With this platform in place, insurance brokers and insurers are going to identify considerable reductions in resources spent on administering their medical schemes and a significant decrease in the turn-around time for claims settlement.
Kees van Lede, CEO at CarePay comments: “The M-TIBA platform offers a scalable solution for healthcare stakeholders to innovate around services and payments. Through this digital infrastructure, Minet will collect accurate real time data, enabling them to improve underwriting, premium pricing and payouts.”
Muthui, concludes: “Minet is gearing up towards holistic insurance coverage for its clients and we see M-TIBA contributing towards that objective, by helping in the drive towards health inclusion. Medical claims administrators will be able to access accurate data that will inform better decision making on MINET’s product offering moving forward.”
CarePay started as an initiative of PharmAccess and was established in 2015 as an independent Kenyan company. CarePay manages healthcare payments between funders, patients and healthcare providers. It is the developer and administrator of the digital platform on which M-TIBA runs. CarePay has contracted more than 530 healthcare facilities across Kenya, with an ambition to connect them to M-TIBA and to millions of Kenyans, to help drive healthcare inclusion.
As the largest Aon Global Network Correspondent, Minet has access to a network of over 50,000 colleagues in 120 countries as well as proprietary data, research and analytics.