Fraud in a time of economic uncertainty is cruel, especially if it targets the jobless in dire need of livelihood. We condemn these actions.
Manila, Philippines, 04 June 2020 – In its efforts to combat COVID-19 across Asia Pacific, Fullerton Health announced today that it has launched its COVID-19 symptom checker on its LiveFuller mobile application platform (“LiveFuller”) in the Philippines. Developed using proprietary commercial technology, the symptom checker will be made available free-for-use for the general public and is intended for general well-being and information purposes in the current environment. During these challenging times, Fullerton Health is fully committed to working in close partnership with governments and civic organisations by making available the company’s resources to assist with alleviating the burden on the public health sector.
In the Philippines, a key challenge during this pandemic is the limited capacity and resources for hospital care, contact tracing, and testing of COVID-19 cases. A digital solution that can streamline patient traffic in hospitals may help augment the surge capacity to treat and test COVID-19 and related cases.
The partnership with Maria Health marks both company’s commitment to investing in innovative solutions to make healthcare accessible and affordable. For a country with a population nearing 105 million, it’s been difficult to scale access to the market through traditional methods of sales and distribution.
Maria Health, as a direct-to-consumer channel, enables Intellicare to tap captive audience comprised of micro, small, and medium enterprises (MSME), as well as, the 22 million households in the country, ranging from individuals to families – segments in society that need insurance the most.
This collaboration also allow Intellicare access to digital data and marketing capabilities to drive qualified leads, transactions, and tools that can manage the customer life cycle seamlessly. Doing so makes it extremely efficient to service the uninsured through technology.
“We estimate that over half a million Filipinos today are searching online for HMOs and healthcare services, signaling where future customers are coming from,” said Vincent Lau, CEO of Maria Health.
Intellicare and Maria Health put their missions of making quality health care accessible to more Filipinos the simple, fast, and easy way into action.
The partnership looks to reduce the health insurance gap in the country and minimize the out-of-pocket health expenses of Filipino households.
The Philippines faces an underinsurance gap of P373 billion fueled by consumer out-of-pocket spending. With health expenses reportedly growing each year at an average rate of 8 percent, it’s going to get much harder for a large number of Filipino households to have access to healthcare.
According to reports, of the 2017 total health expenditure, 20 percent was covered by the national and local government; 17 percent was covered by social health insurance agencies; 5 percent was covered by HMOs; 2 percent by private insurance; 2 percent by others; and a whopping 56.3 percent was paid for by the patients themselves, or as out-of-pocket expenses.
Demand for private insurance grew 40% from 2016 to 2017.
It’s been estimated that every year, over 1.5 million families are pushed to poverty because of their reliance on shouldering their own healthcare.
On October 10-12, 2018, Intellicare participated as a major sponsor to the 55th PMAP Annual Conference held at the ASEAN Convention Center in Clarkfield, Pampanga. This year’s theme is FOCUS: Future, Outside-in, Collaboration, Unison, and Sustainability. Around 1,500 delegates consisting of executives, managers, specialists, and students were present during the 3-day event.
Intellicare took part as a major sponsor in the Clark Human Resources Council (CHRC) General Membership Meeting.
The Intellicare Group is pleased to announce this significant milestone.
We officially welcome Fullerton Health as our partner in the pursuit of delivering better healthcare benefits and services to the Philippines.
For more insights on our synergistic partnership, watch the video below of Intellicare Group’s Chairman Mr. Mario Silos and Fullerton Health’s Co-Founder and CEO Dr. Michael Tan.
Singapore, 18 May 2018 – Fullerton Healthcare Corporation Limited (“Fullerton Health”), a leading vertically integrated healthcare platform in Asia Pacific, is pleased to announce that following the announcement on 11 December 2017, the pre-conditions for completion of the acquisition of a 60% stake in the Intellicare Group have now been satisfied and completion has taken place. The acquisition marks Fullerton Health’s entry into the Philippines, an important market in Asia Pacific underpinned by attractive underlying growth drivers.
Singapore – Fullerton Healthcare Corporation Limited (Fullerton Health) have announced that it has entered into agreements to acquire a 60% stake in the Intellicare Group, one of the leading managed care providers in the Philippines. The Philippines is an important market in Asia Pacific for Fullerton Health, underpinned by attractive underlying growth drivers. Completion of the transaction is subject to the fulfilment of certain conditions and is expected to complete in early 2018.
The Intellicare Group was founded in 1995 and is strategically aligned with Fullerton Health’s vision of being Asia Pacific’s preeminent total healthcare solution provider. The Intellicare Group comprises three companies: Asalus, a health maintenance organisation (“HMO”) engaged in the delivery of managed healthcare services via comprehensive, systematic and prevention-oriented health maintenance programmes; Avega, a provider of third party administration services to corporates as well as small and medium enterprises; and Aventus, a chain of nine outpatient multi-speciality clinics.
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