246: How Alyve Health is Boosting Insurance Access with User-Centric Solutions | Shashank Avadhani (Co-founder, Alyve Health)

The Startup Operator

In this episode Roshan engages with Shashank Avdhani, Co-founder of Alyve Health, an insurtech startup. The conversation uncovers the intricacies of the Indian health insurance landscape, focusing on customer-centric products, under coverage issues, and the impact of COVID-19. Shashank discusses his transition from consulting to founding Alyve, emphasizing collaboration with incumbents and navigating regulatory complexities. The episode also examines the role of regulatory bodies like the IRDA, the necessity for specialized licenses, and the prospects for reducing GST on health plans.

00:00 Introduction
01:17 Shashank's Background and Founding Journey
02:29 Understanding the Health Insurance Market
03:34 Customer Experience in Insurance
05:10 The Problem of Under Coverage
16:45 Comparing Global Healthcare Systems
24:27 Building a Customer-Centric Product
26:42 Collaborating with Incumbents
39:06 Managing Customer Experience
46:55 User-Centric Network Philosophy
47:16 Challenges in Insurance Alignment
47:59 Inpatient vs. Outpatient Worlds
48:43 Technological Integrations and Claims Processing
49:50 Health Claims Exchange Explained
54:41 Billing Code Harmonization
01:01:57 Platform Business Insights
01:07:08 Navigating Regulatory Landscape
01:18:47 Growth Strategies and Market Expansion
01:27:00 Startup Challenges and Sustainability
01:33:51 Recommended Reads and Podcasts

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