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Serious Health screening certificate + IPPT score: a new prerequisite criteria to land job?

bic_cherry

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Health screening certificate + IPPT score: a new prerequisite criteria to land job?
Facebook co-founder + EDB have jointly invested USD25M, so looks like this is gonna be the case moving forward as big data, insurance brokerage companies muscle into the corporate health insurance brokerage and management scene, where the health and fitness of every employee is gonna be individually tracked and poor performers in annual health screenings, cigarette smokers, obese etc adding to the healthcare insurance premiums a company must pay:

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Eduardo Saverin in $25m funding for insurance and wellness marketplace
Judith Balea
9:00 AM at Feb 8, 2017
rosaline-koo-1-750x418.png

Rosaline Koo. Photo credit: CXA.

Rosaline Koo made a huge bet with CXA. Not long after she started up the healthcare products marketplace, it acquired Singapore’s third-largest homegrown insurance brokerage, Pan Group. Rosaline injected all her life savings and took out a loan to finance the purchase and build the venture.

It’s now paying off.

CXA today announced it has become a US$100 million company following a US$25 million series B investment, co-led by Facebook co-founder Eduardo Saverin’s B Capital Group and Singapore-based EDBI. Global life and health reinsurance company RGA, Philips Healthcare, maker of data-driven medical devices and disease management programs, and existing investors NSI Ventures and Bioveda Capital also put in some cash.

Rosaline will use the funds to take CXA beyond Singapore and Hong Kong to markets like China, India, Japan, South Korea, Taiwan, Indonesia, Malaysia, the Philippines, and Thailand.

CXA lets employees choose a mix of insurance and wellness benefits that best suits them. So rather than having, say, a US$1,000 one-size-fits-all insurance coverage, which you rarely or never use, you can free up that money and decide where you want to spend it. CXA aggregates all providers in its platform – from insurers to gyms and yoga studios.

Her startup now caters to 500 corporate clients.
Employers can use the service to consolidate their vendors, digitize claims, and manage payments. Using CXA’s big data, they will be able to directly link their wellness and disease management programs to health outcomes and premium reductions.

“We’re bringing evidence-based wellness into the workplace to improve employee health in order to control rising employer healthcare costs,” says Rosaline. “Instead of just offering advice, we actually deliver solutions to companies by aggregating the providers, the data analytics, and the tools. Our goal is to shift the focus of insurance from treatment to prevention and to empower employees to take personal responsibility for their health.”

Rosaline knows the sector inside-out. Before her startup venture, she led Mercer Marsh Benefits, the largest employee benefits brokerage and HR benefits consultancy in Asia Pacific, overseeing a 14-country operation with over 400 staff and growing the business eightfold.

CXA now caters to 500 corporate clients, 45 of which are Fortune 500 companies. It’s reached US$10 million in annual revenue.

The company’s regional expansion includes distribution deals with banks and insurers, who will white-label its platform to cross-sell individual insurance products. It has just piloted its first deal, with more in the works.
https://www.techinasia.com/cxa-series-b-eduardo-saverin
 

chootchiew

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Re: Health screening certificate + IPPT score: a new prerequisite criteria to land jo

Apparently Rosalind doesn't know that every human beings, whether fit or unfit, sick or healthy has equal chances of dying :rolleyes:
 

frenchbriefs

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Re: Health screening certificate + IPPT score: a new prerequisite criteria to land jo

good idea,healthcare is one of the biggest expense in any company and country,companies will be willing to do anything just to shave off a couple percentage points off it.the average american company spend $12,000 a year on family healthcare policies for employees.its cheaper to make chink employees to do 5bx every morning and
 
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Bigfuck

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Re: Health screening certificate + IPPT score: a new prerequisite criteria to land jo

Apparently Rosalind doesn't know that every human beings, whether fit or unfit, sick or healthy has equal chances of dying :rolleyes:

Not to worry. Mon Santo will fix her.
 

bic_cherry

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Loyal
Re: Health screening certificate + IPPT score: a new prerequisite criteria to land jo

Apparently Rosalind doesn't know that every human beings, whether fit or unfit, sick or healthy has equal chances of dying :rolleyes:
Guess there are probably ample statistics to prove that those who smoke, obese, eat too much hawlker/ processed foods (sewer oil, rubbish foods) refuse to do any exercise (10,000 steps/ day etc) are probably less productive at work (before they die and DURING their period of employment), take more MC, entail heftier hospitalization bills for heart attack, cancer, kidney ailments etc. Insurers will use the services of these insurance brokerages to anticipate the claims outlook for a companies staff/ employees based on the level of care contracted to provide and invoice the determined premium accordingly: company HR would then consider a candidate's health status and add his individualised health plan premiums to his expected salary before deciding to hire/ fire a person from the job/ position.
 
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