SINGAPORE, 4 June 2025 - Amplify Health, a leading health AI platform and analytics company in Asia, has been honoured with the Technology Initiative Excellence Award at the InsureTech Connect Asia Awards.

This recognition celebrates the company’s AI-driven solution that addresses one of the most pressing challenges in Asia's health insurance industry – the lack of structured, well-coded digitised data on medical costs across healthcare providers.

The issue has prevented insurers from gaining an in-depth understanding of the medical cost drivers that are pricing out growing segments of the population. This results in cycles of reactive policy repricing.

Amplify Health’s multi-layer solution comprises of:

1. Converting raw data into a standardised health data model. Amplify Health’s AI-powered Clinical Encoder then automatically translates clinical free text into standardised clinical terminology.
2. Following clinical data enrichment, algorithms group codes for chronic identification and hospital case classification (known as Diagnosis Related Groups). This facilitates medical cost comparison of like-for-like cases across providers.
3. Insurers generate unprecedented visibility into hospital performance, cost efficiency, and fraud detection patterns, reshaping the way they manage medical costs and provider networks across Asian markets.

One key outcome is the creation of a select network of cost-efficient providers. By identifying a subset of such hospitals to direct their policyholders to, insurers reduce expected claims costs through a new network-based insurance plan with lower premiums.

Health insurers across Asia have “long grappled with a lack of standardised and comparable health data, affecting their ability to handle increasing medical inflation,” said Dr. Axel Baur, CEO of Amplify Health. “By integrating data insights into health insurance propositions, insurers can support the launch of health insurance plans with affordable cost premiums that serve wider population segments.”

Amplify Health is not just redefining the ways that insurers manage medical costs. The organisation is driving a paradigm shift from reactive health coverage pricing to data-driven medical cost containment, while protecting affordable, long-term access to quality medical care.

Read ITCA’s full article on Amplify Health’s award: https://asia.insuretechconnect.com/articles/amplify-health-is-driving-paradigm-shift-across-health-financing-in-asia

About Amplify Health

Amplify Health Asia Pte. Limited is a leading health technology and analytics organisation, providing our customers with integrated solutions to improve outcomes for individuals and the sustainability of health systems.

We aim to be a trusted custodian of Asia's largest repository of health data, unifying financial, clinical, operational and behavioural data. We empower our customers with insights that highlight opportunities to deliver better value and care outcomes.

For more information or to schedule a demo, visit https://www.amplifyhealth.com

Media Contact: info@amplifyhealth.com