Fedo HSA will offer a joint account that helps customers meet their essential expenses through a combination of smart savings, insurance, line of credit that are bundled into one powerful savings account that comes with health credit debit Cards with health benefits features and rewards.
“There is a dire need for changes in the healthcare sector to address rising health care costs and post-pandemic issues. Anish Achuthan, CEO, Open, said in a statement, “We are delighted to be part of the Fedo HSA journey, which has the potential to transform the industry with incredible customer innovation driven by technology by taking a personalized approach to healthcare finance.
Fedo said there is a huge and urgent need to simplify and bridge the financing gap between insurance policy coverage and hospitalization expenses. The offering will enhance the value proposition for insurers and banks alike, and more importantly address the needs of consumers with empathy.
“With the right mix of data and machine intelligence, Fedo HSA aims to provide a systematic way to plan for health needs based on anticipated health risks and solve the financial crisis that causes millions of medical emergencies every year. Affects families,” said Prashant Madwana, CEO and co-founder of Fedo.
The company has partnered with insurers, card issuers and banks to expand the network of Fedo HSA service. This development comes after the company developed a proprietary Fedo Score that helps insurance companies successfully underwrite their users and helps Fedo consumers understand how healthy they are.
“We are looking at this as an end-to-end solution that addresses the accessibility and affordability of healthcare. We aim to transform the experience not only at the front-end for customers, but also to streamline operational processes in the back-end in ways that most providers are not thinking of,” said Arun Mallavarapu, CTO and co-founder, Fedo. .