PHI - Manager- Claims Management

Prudentials purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured for our people customers and partners. We provide a platform for our people to do their best work and make an impact to the business and we support our peoples career ambitions. We pledge to make Prudential a place where you can Connect Grow and Succeed.

Prudential (UK) in partnership with HCL group plans to setup a standalone Indian health insurance company to address the growing healthcare needs of the Indian consumer.

This joint venture will combine Prudentials global expertise in insurance and financial services with HCL Groups experience in technology and healthcare solutions.

Prudential with its longstanding presence in India already operates two leading businesses in life insurance and asset management with the ICICI Group. Prudential was also the proud sponsor of the 1983 Cricket World Cup Indias first World Cup Victory!

Prudential Health India is a Zero to One team undertaking a nolegacy greenfield health insurance deployment in India building journeys that truly empathize with the customer and offer a differentiated experience.

To partner with us in this mission we are looking for a talented Manager Claims Management to join our Experience team in Mumbai.

Manager Claims Management

As a Manager Claims your typical week might include the following:

• Guiding processing team by providing medical opinion for Health Insurance Claims
• Ensure claims of valid settlements are made according to the company practice and procedures.
• Processing and approving medical claims pertaining to Indemnity Benefit for both Group and Retail with sharp FWA and Loss minimization approaches.
• Thorough on the compliance and regulatory requirements and implementation in the claims process.
• Creating detailed standard operating process for seamless functioning of claims adjudication
• Case management of potential cases to Network team maintaining data of referred/saving achieved/impact against cashless outgo.
• Automation and rule driven decision making with timely update of benefit in TAT / TMS / Transaction
• Create and reviewing claim simplification guidelines to Improve TAT Minimize transaction.
• Manage floor people and SLA (TAT) create roster manage adequate manpower on daily basis especially on weekends and public holidays.
• Audit of TPA processed claims and also Inhouse processed claims.
• Medical decisioning and guidance to the team
• Analytics and Dashboard Dashboard preparation to Manage TAT Cost vector (ACS Payout ratio) Loss ratio CS:RI ratio and regional distribution.
• Support to Group UW team for providing claims analytic input like Specific trend related to FWA Frequency Loss ratio utilization of particular benefit.
• Regulatory compliances Claim processing guideline as per compliance and timely implementation of any New Circular.
• Litigation cases Claim related to Input and evidence in SCN (Selfcontainment note) to make our stand stronger in Ombudsman/any other legal forum.
• Train TPA teams Timely Training of TPA for new benefit process change Understanding and claim Philosophy as per PHI standard.
• Benefit claims Well versed with processing of Benefit claims Creating SOP Payout framework to Nominee/Legal heir.
• Collaborate with FWA Manager to provide inputs from agencies for efficient Fraud restriction and necessary checks and balances in system.
• ReUW opinion for nondisclosure cases Training to Team for indicated cases for ReUW referral tracking and corrective action basis UW decision.
• Extend support to the sales/distribution Separate prioritization que for Green channel Specific Agent Broker.
• Set up and create robust governance to manage TPA process with great efficiency.
• Proficient with medical terms & systems (including ICD/CPT/PCS codes).
• Collaborate with Underwriting Actuarial Finance and other stakeholders to ensure knowledge sharing on market trends legal changes and loss developments.

You could be the right candidate if you

Are a doctor by training (MBBS preferred /BAMS/BHMS/BDS)

Have 0710 years experience of health Insurance claims management with at least 23 years experience in Manager role.

Understands the TPA ecosystem and has experience of managing TPA model (Preferred)

Have startup experience or setting up a team from scratch (Preferred but not mandatory)

Should be a decisive & creative individual.

Should be able to make quick decisions and have good judgment and analytical skills

Have an excellent verbal and written communication skills and strong negotiation skills.

Always open to embracing change and be able to manage it

Managed team with people from Medical and NonMedical background

This could be the gig for you if you

Are passionate about consumer behaviour and culture; enjoy spending time with customers to understand what they really want. Have an attentive ear listen to new ideas.

Like to work in a culture where everyone can see what others are doing

Take help from others when stuck and encourage others when there are setbacks

Take full responsibility for your own output while thinking wing to wing across the organization; to solve for the customer

Have strong clinical knowledge and clinical decisionmaking skills

Have built best in class processes from a scratch.

Are passionate about leveraging digital tools to transform customer experience What can make you extra special.

What can make you extra special

Its a great if you have already read books like Blue Ocean strategy & Zero to One. Before you saw them mentioned here.

You have real stories to tell about how your team and you challenged convention and took the path less travelled.

We are keen to listen to your story; doesnt matter if you tell these stories with a sigh or with excitement. We respect both versions. Truly.

Location: Mumbai

Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex race age ethnic origin educational social and cultural background marital status pregnancy and maternity religion or belief disability or parttime / fixedterm work or any other status protected by applicable law. We encourage the same standards from our recruitment and thirdparty suppliers taking into account the context of grade job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.