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CoverSelf appoints Ashish Singh, Advisory Partner at Bain & Company, as Board Director

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–News Direct–

CoverSelf, a unified platform for healthcare claims and payment integrity, is today announcing the appointment of Ashish Singh, Advisory Partner at Bain & Company, as Board Director. This development comes on the heels of the companys recent close of a $8.2 million seed round.

Ashish is a well-known and deeply respected Bain & Company leader. He led Bains global Healthcare and Life Sciences (HLS) practice from 2012 to 2018 and served two terms on Bains global Board of Directors in the same time period. Ashish also founded Bain & Companys India office and was at its helm as Managing Director (2005-2011) and Chairman (2011-2014). Over the years, he also co-founded Bains Enterprise Software, Media & Entertainment, Pharmaceutical and Payer practices.

Ashish Singh, Advisory Partner at Bain & Company, joins CoverSelf as a Board Director
Ashish Singh, Advisory Partner at Bain & Company, joins CoverSelf as a Board Director

Ashishs expertise lies in corporate and BU strategies, market entry strategies, operational improvement, organisational effectiveness, M&A, healthcare IT, and large-scale corporate transformation programs.

We are thrilled to welcome Ashish onboard as our Board Director. He is a veteran in this space and brings invaluable experience in formulating overall strategy and US GTM strategy, as well as in-depth knowledge of the US healthcare system and health plans. Not to mention, his broad network of relationships across the industry will benefit us in the long term, said Rajasekhar Maddireddy, Co-founder of CoverSelf.

Weve been busy since our funding announcement. We are already live as the secondary editor in three health plans, with an expansion to another four over the next six months in the works. We are in full-scale implementation with a top 10 health plan, and executing a PoC with a Top 5 health plan. These are showing remarkable results, wherein the platform is processing 25 times more claims in the same time window than was done earlier. We will soon start initial moves into markets adjacent to the payment integrity (PI) space via collaboration with a focused set of partners to bring broader integrated solutions to our clients.

CoverSelf was founded in 2021 by US healthcare domain experts Rajasekhar Maddireddy and Raghavendra Pawar to tackle the ever-increasing claims inaccuracies and waste. The company aims to democratize the healthcare claims and payment integrity industry by creating a first-of-its-kind, fully open and transparent solution that empowers payment integrity teams in health insurance companies (payers) to transparently resolve health claims with hospitals and medical practices (providers).

CoverSelfs purpose-built platform utilizes multiple approaches, including the smart use of GenAI, to reduce waste while identifying new savings opportunities. The platform empowers payers to adapt to claims and payment inaccuracies by enabling them to configure their policies and logic in simple English-like language or use simple policy-specific templates, overcoming the fear of losing IP and fostering innovation and new concept releases without technical dependencies.

According to recent reports, the $9 billion PI industry has grown at around 7% CAGR in recent years. This just shows the inherent complexity of the billing processes. The truth is, over the years, there has been a perceptible negative impact on providers' experience with payments, and trust in payers has taken a significant hit. This has resulted in ballooning waste and improper payments. Given this scenario, Im glad to lend a helping hand to CoverSelfs mission, said Ashish Singh, Board Director of CoverSelf.

I will work closely with the co-founders and top management to increase Coverself's visibility amongst healthcare payers and technology partners and also bring my expertise to assist them in corporate and market strategy. What we are doing in CoverSelf is not just building a product that is looking to solve a few pain points; we are on a once-in-a-lifetime mission to truly democratize healthcare claims and payment integrity and restore faith in the USs healthcare ecosystem!

About CoverSelf

CoverSelf is a generational leap forward in healthcare claims and Payment Integrity architecture, built from the ground up for healthcare-specific use by passionate domain experts and strong technology professionals with decades of experience in addressing the pain points faced by Providers and Payers when dealing with the latest technological advancements.

Founded in 2021, CoverSelfs Payment Integrity Platform engages modern technologies to address payment leakage & claims inaccuracies while remaining transparent & accessible to Payers. The platform empowers payers to prevent and adapt to the ever-evolving claims & payment inaccuracies. We also help you reduce complexity and administrative costs with our unified healthcare dedicated platform.

Contact Details

CoverSelf

Bilal Mahmood

+44 7714 007257

[email protected]

Company Website

https://www.coverself.com/

View source version on newsdirect.com: https://newsdirect.com/news/coverself-appoints-ashish-singh-advisory-partner-at-bain-and-company-as-board-director-849622080

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Match System’s CEO Andrei Kutin Announces Full Recovery of $68 mln Stolen Crypto Assets

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Summary:  $68 million from the incident occurred on May 3, 2024 related to the “dust” attack were fully returned to the victim today with the participation of the cybersecurity agency Match Systems and the Cryptex cryptocurrency exchange. At the moment, the victim has no complaints against the attacker.

On May 3, 2024, one of the crypto whales became a victim of a classic dust attack (or “dandruff attack”) resulting in the theft of 1,155.28 WBTC, worth over $68 million.

The stolen tokens were received by an unknown scammer to the address 0xd9A1C3788D81257612E2581A6ea0aDa244853a91, from which the funds were moved to the address 0xfB5bcA56A3824E58A2c77217fb667AE67000b7A6. After which the stolen funds began to be distributed in parts to several scammer’s addresses. 

The victim immediately sought assistance from Match Systems. As a result of promptly conducted work, the assets were found and returned to the crypto whale in full in just a week. 

This incident perfectly demonstrates that promptly contacting specialists in case of theft of crypto assets significantly increases the chances of the crypto fraud victim to get them back. Moreover, the earlier the victim seeks help, the higher the probability of getting the stolen funds back in full.

More detailed information about this type of theft is contained in the article:

https://journals.nauss.edu.sa/index.php/JISCR/article/view/2237/1275

About Match Systems:

Match Systems, is a leading company specializing in AML services, blockchain investigations, and implementation of compliance procedures for cryptocurrency projects around the world. By leveraging advanced technology and expertise in financial crime detection, the company is poised to help organizations to navigate the complex regulatory landscape as well as minimize the risks associated with digital currencies.

Media contacts:

Name: Joseph Anderson

Website:  https://matchsystems.com/    

Email: [email protected]

Address: Dubai, UAE

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Arch Town Labs Announces Focus on Investing in and Supporting Non-profit Organizations and Social Impact Initiatives

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In the realm of non-profit organizations and social enterprises, funding is a critical factor that often determines the success or failure of the mission. One increasingly popular source of capital is Venture Philanthropy, a practice of making investments in non-profit or social enterprises that aim to generate both a social return and a financial return. In this article, we will explore three prominent venture philanthropy firms that non-profits and social entrepreneurs should be aware of.

Arch Town Labs

Arch Town Labs is a prominent venture philanthropy firm founded by Artem Vershinsky and Pavel Ryzhykh in 2023. It focuses on investing in and supporting non-profit organizations and social enterprises that are dedicated to creating positive social change. This organization believes in the power of social entrepreneurship and uses its resources to help these organizations scale and maximize their impact.

New Profit

New Profit is a venture philanthropy organization that aims to break down the barriers standing between people and opportunity in the United States. It seeks to transform the way America educates its children, propels people towards social mobility, and re-engineers our workforce for the future. The organization provides funding and strategic support to a portfolio of social enterprises to accelerate their impact.

The Edna McConnell Clark Foundation

The Edna McConnell Clark Foundation has been a pioneer in the world of venture philanthropy. The foundation is committed to helping financially disadvantaged youth in the United States. It achieves this by making large, long-term grants to non-profits that have demonstrated the potential to significantly improve the lives of these children.

The Skoll Foundation

The Skoll Foundation is another key player in the field of venture philanthropy. It was established by Jeff Skoll, the first employee and first president of eBay. The foundation invests in, connects, and celebrates social entrepreneurs and innovators who are committed to solving the world’s most pressing problems.

The Omidyar Network

The Omidyar Network is a philanthropic investment firm. It was established by eBay founder Pierre Omidyar and his wife Pam. The network supports innovative start-ups and non-profits in areas ranging from education and financial inclusion to property rights and government transparency.

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Media Details:

Website URL: https://archtown.org/labs

Company Name: Arch Town Labs

Contact Person: Artem Avershinsky

Email: [email protected]

Company Address: London, United Kingdom

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Embracing a World of Mutual Understanding among People through Mountain Tourism – “International Mountain Tourism Day 2024” Theme Events Will Kick Off

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China, 19th May 2024 – The “International Mountain Tourism Day 2024” Theme Events will be held in Nice, Alpes-Maritimes, France on May 29. The Events is hosted by the International Mountain Tourism Alliance (IMTA), a non-profit international organization initiated and established by China. A series of activities will be held around the events theme “Mutual Understanding among People through Mountain Tourism” and the forum theme “Mountain Tourism Destinations Responding to Climate Change“, including a launching ceremony, theme forum, promotion conference, negotiation meeting, exhibition, etc. 

Scenery of the Nice Côte d’Azur. Image source: Nice Côte d’Azur Tourism Board 

@Ville de Nice.

The year 2024 marks the 60th anniversary of diplomatic ties between China and France, and is also the “China-France Culture and Tourism Year”. France is a cultural and artistic center of Europe and one of the earliest countries to develop mountain tourism, the Theme Events held here will be meaningful. Through multi-perspective, multi-field, and multi-topic discussions and interactions, it will bring in-depth thinking and experience to the attendees. Through various exchange activities, it will showcase and disseminate the development concept of mutual understanding among people, and promote the innovation of the “Mountain Tourism Plus” model.

At the opening ceremony on the morning of May 29, leaders and representatives from IMTA, relevant institutions in Nice, France, relevant Chinese institutions in France, and international organizations will make wonderful addresses and give high-level speeches. At the theme forum, representatives from international tourism organizations, tourism-related institutions and enterprises of related countries, and experts and scholars will propose forward-looking and guiding opinions and solutions based on challenges brought by climate change to mountain tourism, ice-snow tourism and other aspects, as well as the interrelationship between sustainable tourism and climate change. In the afternoon, a Mountain Tourism Promotion & Sino-European Entrepreneurs Exchange Conference will be held to build a platform for exchange and cooperation between mountain tourism industry in China and Europe. With the purpose of exploring models and paths for multi-field and multi-level business cooperation, IMTA will exchange MOU with the International Nordic Walking Federation (INWA), World Association for Hospitality and Tourism Education and Training (AMFORHT), and SAS Maxi Event’s FRANCE.

Recently, Serge Koenig, a professor from Ecole Nationale de Ski et d’Alpinisme (ENSA) and an expert from IMTA, and Yang Xiaohua, a mountaineering coach from China, successfully summited Mont Blanc on behalf of the IMTA. According to information, this is one of a series of events of “International Mountain Tourism Day 2024”. Following the successful summit of Mount Everest with the “International Mountain Tourism Day” flag on May 29, 2019, the summit of the highest peak in Western Europe in 2024 symbolizes the contemporary move of mountain tourism in the two countries going forward hand in hand with courage. It not only aligns with the sportsmanship spirit of the Paris Olympics but also vividly reflects the synergy and interaction between sports and mountain tourism, symbolizing the ongoing, upward and forward friendship between the Chinese and French people.

Serge Koenig (right) and Yang Xiaohua successfully summited Mont Blanc, France. Image source: IMTA.

In order to deepen international friendly exchanges and promote understanding and respect of different cultures, IMTA will host the “Nice Night” Dinner and the Mountain Community & Art Exhibition. The fusion of traditional Chinese Miao and Dong ethnic songs, dances, Western orchestral music, and the interaction between global mountainous natural scenery and humanistic life, will surely bring unique experiences to the guests. During the event, the Global Initiative of “Mutual Understanding among People through Mountain Tourism” will also be released. Relying on mutual learning among civilizations, the inheritance of mountain civilization will be empowered with new connotations of the era and will contribute to enhancing the integration and mutual understanding of world civilizations.

Dong Grand Choir of Guizhou, China. Image source: IMTA, photographed by Wang Xiao.

The “International Mountain Tourism Day” is an international commemorative day initiated and established by IMTA in 2018. At present, it has become an international platform for the global tourism industry and IMTA members to jointly cultivate, participate in, and benefit from. It is an institutional brand for IMTA to participate in the establishment of a global tourism governance system. IMTA will start with “International Mountain Tourism Day” to promote innovation of the “Mountain Tourism Plus” model, facilitate the development of the global tourism industry, and join hands with others in the industry to work together to build a sustainable tourism community a with shared future.

Media Contact

Organization: International Mountain Tourism Alliance

Contact Person: Zhang Yijing

Website: http://www.imtaweb.net/

Email: Send Email

Country: China

Release Id: 19052412304

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