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Budget Expectations by Mr. Satish Gidugu, CEO at Medi Assist Healthcare Services

Satish comes with an innovative and versatile experience in team building, strategy, product development, and overall customer experience. Satish is an accomplished leader with a track record of value creation for the company and for customers.

He is passionate about creating new products and showing extensive leadership when it comes to building high-energy teams, setting up robust processes, and finding optimal solutions to deliver value to our business and our customers. After a stint as the Chief Technology Officer, he went on to become the Chief Executive Officer at Medi Assist.

Satish's immense knowledge about the TPA and healthcare industry has helped him steer this organization in the right direction and bring in various initiatives to help ease the system of claim processing. He is detail-oriented and has shown incredible responsibility and optimism in exploring new and innovative business and technology ventures, making him a trusted and valuable member of the Medi Assist leadership team.

After completing his B-tech degree from IIT Madras and before joining Medi Assist, Satish was a part of respectable corporations including Tech Mahindra, Intergraph, YASU, SAP Labs and redBus. Over 21 years of diversified experience makes Satish a flawless leader and a great problem solver.

Budget expectations of Mr Satish Gidugu, CEO & Whole Time Director at Medi Assist Healthcare Services (India’s leading Third Party Administrator (TPA)) are summarized in these words

“The COVID-19 pandemic has brought about an intense focus on the subject of preventive healthcare and implored citizens to secure themselves by purchasing adequate health insurance cover. However, in the backdrop of falling incomes because of medical exigencies or job losses, many Indians are scaling down the coverage of their health insurance policies in a bid to save on the premium amount expended. Adding to this alarming trend is the fact that nearly 30% of the Indian population remain uninsured and you have a dangerous situation that is detrimental to our country's goal of achieving Universal Health Coverage (UHC) by 2030.

To reverse this course, it is imperative that tax-paying citizens are incentivised to opt for a higher health insurance cover while the Government focuses on its slew of initiatives aimed at the bottom 50% of India's population. There is an opportunity to reduce the GST rates on health insurance premiums, allow input credit on GST paid towards employee health insurance and eliminate perquisite tax completely on employee medical reimbursements. This will create a significant impact on the overall adoption of health insurance.

Doubling the existing tax deduction limits under section 80D of the Income Tax Act for medical insurance premiums paid will result in savings for the taxpayer, which in turn can be utilised to enhance the health coverage and include all dependents in the family. If announced in the forthcoming Union Budget, this measure would help the ordinary Indian citizen immensely and will help them to be better prepared for any future pandemic”.

About Medi Assist:

Bengaluru headquartered Medi Assist Healthcare Services is an InsurTech and HealthTech company that delivers informed healthcare decisions through partnerships with Insurance companies and Healthcare providers. Medi Assist is one of the earliest Insurance Regulatory and Development Authority (IRDA) licensed Third Party Administrator (TPA) in India.

The company provides a range of services in claim administration, cashless hospitalization and facilitating pre-policy check-ups. The company also offers insurance to corporates to manage benefits, provide corporate programs, annual health check-ups, and occupational health checks. Medi Assist has over 6,500+ network hospitals connected through a cloud-based data exchange platform that allows for real-time data exchange and scheduling to deliver a superior customer experience. Its network of hospitals, labs, pharmacies is connected either directly or via service aggregators. They are associated with the Medi Assist platform to enable real-time data exchange and scheduling to deliver a superior customer experience


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