Medi Assist Healthcare Services shines on entering into strategic partnership with Star Health
Medi Assist Healthcare Services is currently trading at Rs. 503.60, up by 28.90 points or 6.09% from its previous closing of Rs. 474.70 on the BSE.
The scrip opened at Rs. 485.05 and has touched a high and low of Rs. 505.00 and Rs. 485.05 respectively. So far 9562 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 715.00 on 16-Sep-2024 and a 52 week low of Rs. 400.00 on 17-Feb-2025.
Last one week high and low of the scrip stood at Rs. 505.50 and Rs. 463.60 respectively. The current market cap of the company is Rs. 3533.25 crore.
The promoters holding in the company stood at 20.56%, while Institutions and Non-Institutions held 56.16% and 23.28% respectively.
Medi Assist Healthcare Services (Medi Assist) has entered into a strategic partnership with Star Health and Allied Insurance Company (Star Health) to adopt the company’s advanced AI-powered claims platform - MAtrix. This collaboration is a significant step in Star Health’s ongoing claims transformation journey, focused on delivering faster settlements, better customer engagement, and technology-led service excellence. The partnership will help in identification and elimination of fraud and reduction in waste and abuse through AI tools.
Through the partnership Star Health Insurance is modernising its claims ecosystem to be future-ready. The platform will help the Company strengthen its ability to manage rising claim volumes while maintaining speed, consistency, and transparency in its operations. As part of this transformation, Star Health Insurance is scaling up its digital capabilities to meet growing service expectations from hospitals, policyholders and regulators. The use of the platform introduces intelligent automation, reduces manual steps, and streamlines workflows, enabling stronger turnaround performance across the network.
A key advantage from the partnership for Star Health Insurance is its rules and configuration-based engine, which ensures consistent and standardised claims adjudication. This reduces subjectivity and improves process accuracy. The platform also enables co-working and AI co-pilot support, allowing Star Health Insurance’s claims teams to make faster and more informed decisions. Additionally, it strengthens the Company’s ability to detect and prevent fraud through advanced AI and machine learning tools, helping reduce waste and protect the integrity of the claims process.
Medi Assist Healthcare Services is a health-tech and insurtech company focused on administering health benefits across employers, retail members, and public health schemes.
