11th March, 2024 | By Vrushti Kothari
Bowtie and CUHK Hospital Unveil Innovative Medical Insurance + Health Package
Bowtie, Hong Kong's first virtual insurance company, is pleased to announce that it has joined hands with the Chinese University of Hong Kong Hospital ( CUHK) to launch a new "CUHK Hospital Healthcare Portfolio". This is the second Voluntary Health Insurance Supplementary Benefit 2 launched by Bowtie ; Bowtie hopes to continue its cooperation with other hospitals and actively promote one-stop "medical insurance + health" services for customers living in different regions, allowing them to provide them with affordable prices. Enjoy high-end private medical services.
Full compensation for more than 360 designated pricing packages, with clear prices to enhance transparency
Bowtie shares the same philosophy with CUHK Hospital and other private hospitals participating in the "Pilot Scheme to Improve Private Hospital Charge Transparency" in promoting clearly priced pricing packages to increase charge transparency and allow customers to clearly understand their medical budget.
For Voluntary Health Insurance Flexible Plan customers who have purchased the "CUHK Hospital Medical Package", Bowtie will fully reimburse up to 139 day surgery procedures and 228 inpatient surgeries or medical procedure packages, including doctor fees and ward charges, medication and other procedure-related expenses; complications related to surgery or medical procedures and expenses related to intensive treatment are also included, so that patients can avoid unexpected expenses and devote themselves wholeheartedly to treatment.
One-stop "medical insurance + health" service to achieve "no bill payment after discharge"
In addition to allowing patients to have a clearer understanding of their medical budget, Bowtie also hopes to simplify the process of insurance companies requesting patient medical records from hospitals by strengthening ties with CUHK Hospital, and further promote pre-approval application services, thereby shortening or even eliminating the need for them. Waiting for compensation that can easily reach hundreds of thousands of dollars.
Currently, all Bowtie's voluntary health insurance customers can download the pre-approval form online and submit it to the attending doctor to fill in. Once the case is successfully approved, they will be able to enjoy the "no payment for discharge" service; and those who have purchased the " Customers of "CUHK Hospital Healthcare Portfolio" will be issued a specific medical card. They only need to identify themselves through the card when seeking treatment at CUHK Hospital, and CUHK Hospital will automatically pre-approval to Bowtie. To apply, patients do not need to handle any procedures themselves during the entire process.
Free annual physical examination, targeted examination according to doctor’s recommendation
In response to the concept of "early detection and early treatment" in the "Primary Healthcare Blueprint" and in view of the trend of younger patients with many chronic diseases, Bowtie and CUHK Hospital have specially provided services for customers who have purchased the "CUHK Hospital Healthcare Package" Provide a detailed and targeted physical examination.
Different from the conventional "big siege"-style physical examination packages, the above customers can enjoy free health consultation services and comprehensive physical examinations once a year, as well as BowtiePoints equivalent to HK$1,500 to properly manage their personal health. After meeting with a doctor and consulting his professional advice, customers can undergo a comprehensive physical examination; then through BowtiePoint, they can choose from more than 20 targeted examination items or health services based on their own conditions.
Mr. Gan Yiu Fai, co-founder and co-chief executive of Bowtie, said: "The response to the launch of the first medical health package has been overwhelming. Nearly 20% of Voluntary Health Insurance Flexible Plan customers have purchased this supplementary benefit. We believe it will be similar to the launch of the CUHK Hospital Our products continue to innovate based on the solid foundation of the Voluntary Health Insurance Scheme, increase transparency with clear prices, and focus on strengthening medical and health care services for residents in the New Territories."
Dr. Feng Kang, Chief Executive Officer of the Chinese University of Hong Kong Hospital, said: "We are very happy to partner with Bowtie to provide convenient and high-quality medical services to the public. The pricing and fees are clear, transparent and budget-friendly for patients and insurance companies. This cooperation is a good one." It demonstrates the advantages of fixed pricing and achieves a win-win situation. In addition, the free annual physical examination under the Bowtie plan helps encourage the public to develop the habit of regular physical examination, detect symptoms early and treat them early, which is one of the purposes of primary care. . ”
Customers of the Bowtie Voluntary Health Insurance Flexible Plan can freely choose the "CUHK Hospital Healthcare Package". Regardless of age or gender, the charges are the same and the monthly premium is only HK$200 3.
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