Logo :
Project owner's name :
Mrs Alsoudi Shahad
Mrs Alsoudi Shahad
Country of deployment for the project :
Jordan
Jordan
Sector :
Health
Health
What problem does your company want to solve? :
The cash flow of the health care provider
The cash flow of the health care provider
What solution does your company provide? :
QuiqClaim bridges the liquidity gap of the health care provider by connecting them via a marketplace with a third party payer who is willing to fund the process.
QuiqClaim bridges the liquidity gap of the health care provider by connecting them via a marketplace with a third party payer who is willing to fund the process.
Describe your project :
We have built a unique solution that helps bridge the liquidity gap for the health care providers by connecting them with payers, whether individuals or corporates, who are willing to advance the funds for the healthcare providers in return for investment. Our state of the art technology manages the process and the tracking of insurance claims. It is a win-win solution, the healthcare provider gets paid faster which eases their cashflow challenge, at a fair service charge ranging between 3-5% on monthly basis. The investor makes attractive returns, estimated between 12% and 14% per year, and the insurance companies lower their administrative cost through a more efficient disbursement process. QuiqClaim works on applying immediate settlement technology by connecting 3 users in one place (The healthcare provider, the payer & the insurance company). The cycle starts by HCPs submitting the total value of the monthly batch of claims on our marketplace. Payers can access claims that have been pre-assessed and verified by Quiqclaim, allowing them to start funding the claims. After 30 days the insurance will pay back the payers their money with their returns. QuiqClaim generates revenue by charging HCPs a service charge on the total amount, and subscription fees to utilize the medical claim tracking system. What makes us stand out is that we enable the health care providers to expedite their claims collection from the multiple insurance companies in one transaction.
We have built a unique solution that helps bridge the liquidity gap for the health care providers by connecting them with payers, whether individuals or corporates, who are willing to advance the funds for the healthcare providers in return for investment. Our state of the art technology manages the process and the tracking of insurance claims. It is a win-win solution, the healthcare provider gets paid faster which eases their cashflow challenge, at a fair service charge ranging between 3-5% on monthly basis. The investor makes attractive returns, estimated between 12% and 14% per year, and the insurance companies lower their administrative cost through a more efficient disbursement process. QuiqClaim works on applying immediate settlement technology by connecting 3 users in one place (The healthcare provider, the payer & the insurance company). The cycle starts by HCPs submitting the total value of the monthly batch of claims on our marketplace. Payers can access claims that have been pre-assessed and verified by Quiqclaim, allowing them to start funding the claims. After 30 days the insurance will pay back the payers their money with their returns. QuiqClaim generates revenue by charging HCPs a service charge on the total amount, and subscription fees to utilize the medical claim tracking system. What makes us stand out is that we enable the health care providers to expedite their claims collection from the multiple insurance companies in one transaction.
Presentation video :
https://www.youtube.com/channel/UC8_P8cGwfC8NUjCGR1O5pEQ