Grassley and Warren Call for UDIs to be Added to Health Insurance Claims Forms : raps

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Grassley and Warren Call for UDIs to be Added to Health Insurance Claims Forms

Grassley and Warren Call for UDIs to be Added to Health Insurance Claims Forms

By Zachary BrennanIncorporating unique device identifiers (UDIs) into health insurance claims forms could help improve the postmarket tracking of medical device safety concerns and performance, Sens.Chuck Grassley (R-IA) and Elizabeth Warren (D-MA) wrote in a letter earlier this week to the chair of an Accredited Standards Committee.The Virginia-based committee is tasked with recommending changes to electronic claims forms, with the latest version of standards slated for release 1 December 2016.


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PE funds pick up minority stake in Star Health Insurance for Rs 320 crore

PE funds pick up minority stake in Star Health Insurance for Rs 320 crore

CHENNAI: Apis Growth Fund I and India Advantage Fund Series 4 have picked up a minority stake in health insurer Star Health and Allied Insurance Co Ltd for as much as Rs 320 crore.It is learnt that about Rs 220 crore was pumped in by Apis Growth Fund I, a private equity fund of Apis Partners LLP, and about Rs 100 crore from India Advantage Fund Series 4, a PE fund of ICICI Venture.The deal, syndicated by MAPE Advisory Group, brings Star Health Insurance's valuation upwards of Rs 2,000 crore, said sources.Star Health, founded in 2006, is the market leader when it comes to pure-play health insurers in India.The insurer, which is headquartered in Chennai, has a national presence and has brought in innovative products in the health insurance space, say industry observers, who feel "its valuation will be more than justified.""Our relationship with Apis Partners -- a PE fund focused on financial services in Africa and Asia -- and specialist asset management arm of ICICI Bank - ICICI Venture, will enable us to further enhance the platform we have built as one of India's leading health insurance providers, in a very exciting time for the industry and our business.


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Apis Growth Fund & ICICI Venture infuses Rs 320 crore in Star Health Insurance

Apis Growth Fund & ICICI Venture infuses Rs 320 crore in Star Health Insurance

Star Health Insurance raises Rs 320-cr investmentsInvestors pick up minority stake in the stand-alone health insurance firmApis Growth Fund-1 and have acquired a minority stake in Star Health and Allied Insurance Company.The investors have infused Rs 320 crore into the company, which is valued at around Rs 2,000 crore.Apis Growth Fund-1, a private equity fund managed by Apis Partners LLP, and India Advantage Fund Series 4, a private equity fund managed by ICICI Venture, have acquired the stake, whose quantum was not disclosed.