General Insurance Public Sector Association
GIPSA (General Insurance Public Sector Association) empanelment is a process by which hospitals can be empaneled by insurance companies to provide cashless medical services to policyholders. This can help hospitals attract more patients and increase their revenue. However, the process of GIPSA empanelment can be complex and time-consuming. I&D Hospital Solutions offers comprehensive hospital management services to help hospitals navigate the GIPSA empanelment process and achieve greater success. Here are some key benefits of working with I&D Hospital Solutions for GIPSA empanelment:
- Expert guidance: I&D Hospital Solutions has extensive experience in the GIPSA empanelment process and can provide expert guidance on how to meet the requirements of insurance companies. This can help hospitals save time and resources and avoid costly mistakes.
- Streamlined operations: I&D Hospital Solutions can help hospitals streamline their operations to meet the requirements of insurance companies. This can include implementing digital payment systems, improving billing and collections processes, and enhancing security and data privacy.
- Improved patient experience: GIPSA empanelment can help hospitals attract more patients by providing cashless medical services. I&D Hospital Solutions can help hospitals improve the patient experience by implementing digital payment systems, providing real-time reporting and analytics, and offering enhanced security features.
- Increased revenue: GIPSA empanelment can help hospitals increase their revenue by attracting more patients and reducing the time and resources required to manage cash transactions. I&D Hospital Solutions can help hospitals optimize their revenue cycle by improving billing and collections processes and automating payment reminders and collections.
- Compliance: GIPSA empanelment requires hospitals to comply with certain guidelines and regulations. I&D Hospital Solutions can help hospitals stay compliant with these guidelines and regulations, reducing the risk of penalties and legal issues.
In conclusion, GIPSA empanelment can provide hospitals with a powerful tool for attracting more patients and increasing revenue. With I&D Hospital Solutions, hospitals can navigate the complex GIPSA empanelment process with expert guidance, streamlined operations, and a focus on improving the patient experience and achieving greater success.
BENEFITS OF GIPSA :-
The Public Sector Insurers
- National Insurance Ltd.
- New India Assurance Ltd.
- Oriental Insurance Co. Ltd.
- United India Insurance Ltd.
These Government insurance companies negotiate special Package Rates with many hospitals across the Country (12 Cities) for a number of medical procedures. The negotiated tariff is offered under General Insurers Public Sector Association (GIPSA) wherein the 4 PSU insurers have created an Association and empanelled hospitals for fixed closed packages.
The list of hospitals and the procedures are dynamic and exhaustive. The GIPSA cities are :-
Ahmedabad, Chandigarh, Chennai, Delhi, Hyderabad, Mumbai, Indore, Coimbatore, Kolkata, Bangalore, Jaipur and Pune.
The purpose of GIPSA is to have standardized packages & rates in respect of certain procedures to safeguard customers from being charged more by hospitals which in turn will ensure better utilization of Sum Assured in the Health Insurance. Procedures like Kidney Transplant, Total Knee Replacement, Liver Transplant, CABG, Dialysis, etc. are generally covered under GIPSA Rates.
Nationwide more than 550 hospitals have enrolled for GIPSA. Beneficiaries under Group Health Insurance Schemes are requested to contact the TPA/ Insurance Company before hospital admission to have more information on this aspect before undergoing treatment in the hospitals in the aforesaid cities.